Orange County s population is 3.2M, with a total workforce of 1.7M. The labor market grew by 16,087 jobs over the past year, up by 1.0%. The median household income in Orange County is $91,854, 0.6% higher than last year and 45.4% above the national average of $63,179.
In the housing market, total permits issued totaled 8,465 over the last twelve months, up 12.0% year-over-year. Orange County has 129 active new home projects on the market, 13.4% fewer than the 149 from last year. The average list price in the market is $1,231,206, 1.5% lower than last year and 283.1% above the national average. Over the last three months, new home contracts decreased by 1.6% to 1,031. Irvine and Anaheim had the highest concentration of the new home contracts in the Orange County market.