Orlando s population is 2.6M, with a total workforce of 1.3M. The labor market grew by 42,700 jobs over the past year, up by 3.2%. The median household income in Orlando is $61,565, 5.0% higher than last year and 2.6% below the national average of $63,179.
In the housing market, total permits issued totaled 25,353 over the last twelve months, down -10.8% year-over-year. Orlando has 388 active new home projects on the market, 15.3% fewer than the 458 from last year. The average list price in the market is $356,936, 2.7% lower than last year and 2.5% above the national average. Over the last three months, new home contracts increased by 1.0% to 3,432. Lady Lake and Kissimmee had the highest concentration of the new home contracts in the Orlando market.