Orlando s population is 2.6M, with a total workforce of 1.3M. The labor market grew by 46,500 jobs over the past year, up by 3.6%. The median household income in Orlando is $57,721, 4.8% higher than last year and 5.9% below the national average of $61,372.
In the housing market, total permits issued totaled 23,821 over the last twelve months, down 6.4% year-over-year. Orlando has 423 active new home projects on the market, 8.0% fewer than the 460 from last year. The average list price in the market is $377,661, 5.4% higher than last year and 20.7% above the national average. Over the last three months, new home contracts decreased by 3.9% to 3,465. Kissimmee and Orlando had the highest concentration of the new home contracts in the Orlando market.