Denver s population is 2.9M, with a total workforce of 1.5M. The labor market grew by 24,900 jobs over the past year, up by 1.7%. The median household income in Denver is $79,184, 3.3% higher than last year and 25.3% above the national average of $63,179.
In the housing market, total permits issued totaled 19,358 over the last twelve months, down 8.5% year-over-year. Denver has 373 active new home projects on the market, 0.3% fewer than the 374 from last year. The average list price in the market is $498,803, 0.5% lower than last year and 66.6% above the national average. Over the last three months, new home contracts increased by 18.3% to 2,219. Aurora and Denver had the highest concentration of the new home contracts in the Denver market.