New York s population is 20.0M, with a total workforce of 9.8M. The labor market grew by 101,700 jobs over the past year, up by 1.0%. The median household income in New York is $77,700, 3.1% higher than last year and 26.6% above the national average of $61,372.
In the housing market, total permits issued totaled 45,419 over the last twelve months, down 6.9% year-over-year. New York has 456 active new home projects on the market, 0.9% more than the 452 from last year. The average list price in the market is $632,340, 4.2% higher than last year and 102.2% above the national average. Over the last three months, new home contracts decreased by 12.6% to 1,537. New York and Brooklyn had the highest concentration of the new home contracts in the New York market.