Minneapolis population is 3.6M, with a total workforce of 2.0M. The labor market grew by 36,800 jobs over the past year, up by 1.8%. The median household income in Minneapolis is $79,037, 2.8% higher than last year and 28.8% above the national average of $61,372. In the housing market, total permits issued totaled 17,754 over the last twelve months, up 12.9% year-over-year. Minneapolis has 398 active new home projects on the market, 6.6% fewer than the 426 from last year. The average list price in the market is $459,348, 4.8% higher than last year and 48.3% above the national average. Over the last three months, new home contracts decreased by 2.0% to 1,028. Woodbury and Maple Grove had the highest concentration of the new home contracts in the Minneapolis market.