Sacramento s population is 2.4M, with a total workforce of 1.0M. The labor market grew by 11,500 jobs over the past year, up by 1.1%. The median household income in Sacramento is $75,913, 3.8% higher than last year and 20.2% above the national average of $63,179.
In the housing market, total permits issued totaled 10,189 over the last twelve months, up 30.4% year-over-year. Sacramento has 182 active new home projects on the market, 6.2% fewer than the 194 from last year. The average list price in the market is $541,637, 8.5% higher than last year and 68.5% above the national average. Over the last three months, new home contracts decreased by 3.1% to 1,607. Sacramento and Roseville had the highest concentration of the new home contracts in the Sacramento market.
