Denver s population is 3.0M, with a total workforce of 1.5M. The labor market grew by 33,900 jobs over the past year, up by 2.2%. The median household income in Denver is $81,068, 2.0% higher than last year and 28.3% above the national average of $63,179.
In the housing market, total permits issued totaled 19,969 over the last twelve months, down -5.1% year-over-year. Denver has 336 active new home projects on the market, 15.4% fewer than the 397 from last year. The average list price in the market is $488,461, 0.7% lower than last year and 41.2% above the national average. Over the last three months, new home contracts increased by 36.6% to 2,796. Aurora and Denver had the highest concentration of the new home contracts in the Denver market.