Orlando s population is 2.6M, with a total workforce of 1.3M. The labor market grew by 51,700 jobs over the past year, up by 4.0%. The median household income in Orlando is $57,395, 4.2% higher than last year and 9.2% below the national average of $63,179.
In the housing market, total permits issued totaled 25,296 over the last twelve months, down 1.7% year-over-year. Orlando has 415 active new home projects on the market, 8.8% fewer than the 455 from last year. The average list price in the market is $363,128, 0.5% lower than last year and 21.3% above the national average. Over the last three months, new home contracts decreased by 8.5% to 3,072. Kissimmee and Orlando had the highest concentration of the new home contracts in the Orlando market.