Sacramento's population is 2.3M, with a total workforce of 968K. The labor market grew by 16,300 jobs over the past year, up by 1.7%. The median household income in Sacramento is $65,610, 2.4% higher than last year and 6.9% above the national average of $61,372. In the housing market, total permits issued totaled 8,725 over the last twelve months, down 0.2% year-over-year.
Sacramento has 167 active new home projects on the market, 1.8% fewer than the 170 from last year. The average list price in the market is $536,769, 4.6% higher than last year and 67.6% above the national average. Over the last three months, new home contracts decreased by 12.4% to 1,198. Sacramento and Roseville had the highest concentration of the new home contracts in the Sacramento market.