Raleigh s population is 1.3M, with a total workforce of 632K. The labor market grew by 6,200 jobs over the past year, up by 1.0%. The median household income in Raleigh is $74,158, 2.2% higher than last year and 20.8% above the national average of $61,372. In the housing market, total permits issued totaled 15,008 over the last twelve months, up 2.0% year-over-year. Raleigh has 368 active new home projects on the market, 6.4% fewer than the 393 from last year. The average list price in the market is $370,212, 5.9% higher than last year and 22.3% above the national average. Over the last three months, new home contracts decreased by 13.7% to 1,838. Apex and Raleigh had the highest concentration of the new home contracts in the Raleigh market.