Orange County s population is 3.2M, with a total workforce of 1.7M. The labor market grew by 18,313 jobs over the past year, up by 1.1%. The median household income in Orange County is $91,575, 7.9% higher than last year and 44.9% above the national average of $63,179.
In the housing market, total permits issued totaled 6,999 over the last twelve months, down 24.0% 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 $1,234,156, 12.2% lower than last year and 312.2% above the national average. Over the last three months, new home contracts increased by 19.6% to 1,037. Irvine and Tustin had the highest concentration of the new home contracts in the Orange County market.