Sacramento s population is 2.3M, with a total workforce of 999K. The labor market grew by 19,700 jobs over the past year, up by 2.0%. The median household income in Sacramento is $69,735, 2.7% higher than last year and 13.6% above the national average of $61,372.
In the housing market, total permits issued totaled 8,146 over the last twelve months, down 5.9% year-over-year. Sacramento has 181 active new home projects on the market, 4.0% more than the 174 from last year. The average list price in the market is $507,531, 6.4% lower than last year and 62.3% above the national average. Over the last three months, new home contracts increased by 19.8% to 1,520. Sacramento and Roseville had the highest concentration of the new home contracts in the Sacramento market.
