Philadelphia s population is 6.1M, with a total workforce of 3.0M. The labor market grew by 42,200 jobs over the past year, up by 1.4%. The median household income in Philadelphia is $71,797, 4.7% higher than last year and 17.0% above the national average of $61,372. In the housing market, total permits issued totaled 13,482 over the last twelve months, up 3.7% year-over-year. Philadelphia has 358 active new home projects on the market, 11.6% fewer than the 405 from last year. The average list price in the market is $467,573, 10.1% higher than last year and 51.0% above the national average. Over the last three months, new home contracts decreased by 6.8% to 1,363. Middletown and Philadelphia had the highest concentration of the new home contracts in the Philadelphia market.