New York s population is 20.0M, with a total workforce of 9.9M. The labor market grew by 100,200 jobs over the past year, up by 1.0%. The median household income in New York is $78,547, 0.1% higher than last year and 24.3% above the national average of $63,179.
In the housing market, total permits issued totaled 57,855 over the last twelve months, up 22.3% year-over-year. New York has 489 active new home projects on the market, 3.0% fewer than the 504 from last year. The average list price in the market is $639,275, 10.8% higher than last year and 83.6% above the national average. Over the last three months, new home contracts decreased by 7.7% to 1,564. New York and Brooklyn had the highest concentration of the new home contracts in the New York market.