Los Angeles County s population is 10.1M, with a total workforce of 4.5M. The labor market grew by 46,708 jobs over the past year, up by 1.0%. The median household income in Los Angeles County is $67,332, 4.1% higher than last year and 6.6% above the national average of $63,179.
In the housing market, total permits issued totaled 21,310 over the last twelve months, down 5.5% year-over-year. Los Angeles County has 128 active new home projects on the market, 15.8% fewer than the 152 from last year. The average list price in the market is $887,038, 4.3% higher than last year and 196.3% above the national average. Over the last three months, new home contracts increased by 0.1% to 729. Los Angeles and Santa Clarita had the highest concentration of the new home contracts in the Los Angeles County market.