Orange County s population is 3.2M, with a total workforce of 1.7M. The labor market grew by 14,113 jobs over the past year, up by 0.9%. The median household income in Orange County is $91,575, 7.9% higher than last year and 49.2% above the national average of $61,372.
In the housing market, total permits issued totaled 6,694 over the last twelve months, down 27.4% year-over-year. Orange County has 143 active new home projects on the market, 2.7% fewer than the 147 from last year. The average list price in the market is $1,131,209, 10.3% lower than last year and 261.6% above the national average. Over the last three months, new home contracts decreased by 11.6% to 979. Irvine and Rancho Mission Viejo had the highest concentration of the new home contracts in the Orange County market.