Cincinnati s population is 2.2M, with a total workforce of 1.1M. The labor market lost 5,600 jobs over the past year, down by 0.5%. The median household income in Cincinnati is $62,905, 0.3% higher than last year and 0.4% below the national average of $63,179.
In the housing market, total permits issued totaled 6,690 over the last twelve months, up 12.4% year-over-year. Cincinnati has 252 active new home projects on the market, 4.5% fewer than the 264 from last year. The average list price in the market is $311,679, 0.1% higher than last year and 3.0% below the national average. Over the last three months, new home contracts decreased by 8.1% to 765. Cincinnati and Union had the highest concentration of the new home contracts in the Cincinnati market.