Sacramento s population is 2.3M, with a total workforce of 999K. The labor market grew by 17,900 jobs over the past year, up by 1.8%. The median household income in Sacramento is $69,261, 2.0% higher than last year and 9.6% above the national average of $63,179.
In the housing market, total permits issued totaled 8,023 over the last twelve months, down 7.7% year-over-year. Sacramento has 181 active new home projects on the market, 4.6% more than the 173 from last year. The average list price in the market is $598,266, 5.7% higher than last year and 99.8% above the national average. Over the last three months, new home contracts increased by 40.6% to 1,348. Sacramento and Roseville had the highest concentration of the new home contracts in the Sacramento market.
