Las Vegas population is 2.2M, with a total workforce of 1.0M. The labor market grew by 28,000 jobs over the past year, up by 2.8%. The median household income in Las Vegas is $59,888, 4.7% higher than last year and 2.4% below the national average of $61,372. In the housing market, total permits issued totaled 11,485 over the last twelve months, down 16.9% year-over-year. Las Vegas has 260 active new home projects on the market, 3.0% fewer than the 268 from last year. The average list price in the market is $404,347, 1.2% lower than last year and 33.6% above the national average. Over the last three months, new home contracts decreased by 11.5% to 2,615. Las Vegas and Henderson had the highest concentration of the new home contracts in the Las Vegas market.