Austin s population is 2.2M, with a total workforce of 1.1M. The labor market grew by 18,800 jobs over the past year, up by 1.7%. The median household income in Austin is $76,534, 3.7% higher than last year and 21.1% above the national average of $63,179.
In the housing market, total permits issued totaled 29,304 over the last twelve months, up 1.9% year-over-year. Austin has 582 active new home projects on the market, 7.3% fewer than the 628 from last year. The average list price in the market is $331,842, 1.3% higher than last year and 10.8% above the national average. Over the last three months, new home contracts increased by 20.4% to 4,230. Austin and Georgetown had the highest concentration of the new home contracts in the Austin market.