Denver s population is 2.9M, with a total workforce of 1.5M. The labor market grew by 17,700 jobs over the past year, up by 1.2%. The median household income in Denver is $79,735, 4.0% higher than last year and 29.9% above the national average of $61,372.
In the housing market, total permits issued totaled 20,290 over the last twelve months, down 4.0% year-over-year. Denver has 366 active new home projects on the market, 0.5% more than the 364 from last year. The average list price in the market is $480,922, 2.8% lower than last year and 53.7% above the national average. Over the last three months, new home contracts increased by 4.8% to 2,306. Aurora and Denver had the highest concentration of the new home contracts in the Denver market.