Las Vegas population is 2.2M, with a total workforce of 1.0M. The labor market grew by 38,900 jobs over the past year, up by 3.9%. The median household income in Las Vegas is $59,903, 4.7% higher than last year and 2.4% below the national average of $61,372. In the housing market, total permits issued totaled 12,800 over the last twelve months, down 0.2% year-over-year. Las Vegas has 250 active new home projects on the market, 7.1% fewer than the 269 from last year. The average list price in the market is $394,532, 0.1% lower than last year and 27.4% above the national average. Over the last three months, new home contracts decreased by 13.0% to 2,046. Las Vegas and Henderson had the highest concentration of the new home contracts in the Las Vegas market.