Austin s population is 2.2M, with a total workforce of 1.1M. The labor market grew by 36,600 jobs over the past year, up by 3.4%. The median household income in Austin is $78,701, 2.3% higher than last year and 24.6% above the national average of $63,179.
In the housing market, total permits issued totaled 34,621 over the last twelve months, up 24.2% year-over-year. Austin has 584 active new home projects on the market, 10.0% fewer than the 649 from last year. The average list price in the market is $338,126, 2.6% higher than last year and 2.9% below the national average. Over the last three months, new home contracts increased by 12.0% to 4,080. Austin and Leander had the highest concentration of the new home contracts in the Austin market.
