Portland s population is 2.5M, with a total workforce of 1.2M. The labor market grew by 29,600 jobs over the past year, up by 2.5%. The median household income in Portland is $76,108, 5.8% higher than last year and 24.0% above the national average of $61,372. In the housing market, total permits issued totaled 15,932 over the last twelve months, up 1.6% year-over-year. Portland has 175 active new home projects on the market, 0.6% fewer than the 176 from last year. The average list price in the market is $501,121, 4.4% higher than last year and 61.8% above the national average. Over the last three months, new home contracts decreased by 27.6% to 673. Vancouver and Portland had the highest concentration of the new home contracts in the Portland market.