Chicago s population is 9.5M, with a total workforce of 4.7M. The labor market grew by 57,600 jobs over the past year, up by 1.2%. The median household income in Chicago is $70,593, 3.2% higher than last year and 11.7% above the national average of $63,179.
In the housing market, total permits issued totaled 18,107 over the last twelve months, down 1.2% year-over-year. Chicago has 484 active new home projects on the market, 10.3% more than the 439 from last year. The average list price in the market is $353,324, 0.7% higher than last year and 7.6% above the national average. Over the last three months, new home contracts decreased by 2.6% to 1,208. Chicago and Plainfield had the highest concentration of the new home contracts in the Chicago market.