Philadelphia s population is 6.1M, with a total workforce of 2.9M. The labor market grew by 31,200 jobs over the past year, up by 1.1%. The median household income in Philadelphia is $70,934, 3.4% higher than last year and 15.6% above the national average of $61,372. In the housing market, total permits issued totaled 13,880 over the last twelve months, up 5.2% year-over-year. Philadelphia has 352 active new home projects on the market, 10.9% fewer than the 395 from last year. The average list price in the market is $429,490, 7.3% lower than last year and 41.9% above the national average. Over the last three months, new home contracts decreased by 6.9% to 1,428. Middletown and Philadelphia had the highest concentration of the new home contracts in the Philadelphia market.