New York s population is 20.3M, with a total workforce of 9.8M. The labor market grew by 113,700 jobs over the past year, up by 1.2%. The median household income in New York is $78,227, 3.8% higher than last year and 27.5% above the national average of $61,372. In the housing market, total permits issued totaled 47,805 over the last twelve months, up 0.9% year-over-year. New York has 436 active new home projects on the market, 1.9% more than the 428 from last year. The average list price in the market is $520,885, 16.3% lower than last year and 68.2% above the national average. Over the last three months, new home contracts decreased by 14.6% to 1,599. New York and Brooklyn had the highest concentration of the new home contracts in the New York market.
