Raleigh s population is 1.3M, with a total workforce of 634K. The labor market grew by 17,900 jobs over the past year, up by 2.9%. The median household income in Raleigh is $74,332, 2.4% higher than last year and 21.1% above the national average of $61,372. In the housing market, total permits issued totaled 17,023 over the last twelve months, up 20.8% year-over-year. Raleigh has 367 active new home projects on the market, 4.4% fewer than the 384 from last year. The average list price in the market is $358,539, 4.5% higher than last year and 15.8% above the national average. Over the last three months, new home contracts decreased by 13.7% to 1,743. Apex and Raleigh had the highest concentration of the new home contracts in the Raleigh market.