Orlando s population is 2.6M, with a total workforce of 1.3M. The labor market grew by 21,600 jobs over the past year, up by 1.6%. The median household income in Orlando is $61,639, 5.2% higher than last year and 2.4% below the national average of $63,179.
In the housing market, total permits issued totaled 25,233 over the last twelve months, down -7.3% year-over-year. Orlando has 389 active new home projects on the market, 13.6% fewer than the 450 from last year. The average list price in the market is $353,360, 0.7% lower than last year and 9.9% above the national average. Over the last three months, new home contracts increased by 3.2% to 3,801. Lady Lake and St. Cloud had the highest concentration of the new home contracts in the Orlando market.