Portland s population is 2.5M, with a total workforce of 1.2M. The labor market grew by 20,900 jobs over the past year, up by 1.8%. The median household income in Portland is $76,308, 6.1% higher than last year and 24.3% above the national average of $61,372. In the housing market, total permits issued totaled 14,402 over the last twelve months, down 17.0% year-over-year. Portland has 162 active new home projects on the market, 5.8% fewer than the 172 from last year. The average list price in the market is $491,643, 0.8% lower than last year and 62.4% above the national average. Over the last three months, new home contracts decreased by 25.6% to 912. Vancouver and Portland had the highest concentration of the new home contracts in the Portland market.