Sacramento s population is 2.3M, with a total workforce of 999K. The labor market grew by 26,400 jobs over the past year, up by 2.7%. The median household income in Sacramento is $69,687, 2.6% higher than last year and 13.5% above the national average of $61,372. In the housing market, total permits issued totaled 7,776 over the last twelve months, down 16.3% year-over-year. Sacramento has 167 active new home projects on the market, 6.2% fewer than the 178 from last year. The average list price in the market is $521,517, 2.9% higher than last year and 72.3% above the national average. Over the last three months, new home contracts decreased by 3.5% to 1,450. Sacramento and Roseville had the highest concentration of the new home contracts in the Sacramento market.
