New York s population is 20.0M, with a total workforce of 9.8M. The labor market grew by 99,500 jobs over the past year, up by 1.0%. The median household income in New York is $77,825, 3.3% higher than last year and 23.2% above the national average of $63,179.
In the housing market, total permits issued totaled 49,271 over the last twelve months, up 4.3% year-over-year. New York has 478 active new home projects on the market, 3.4% fewer than the 495 from last year. The average list price in the market is $603,689, 13.0% higher than last year and 101.6% above the national average. Over the last three months, new home contracts increased by 6.3% to 1,760. New York and Brooklyn had the highest concentration of the new home contracts in the New York market.