Sacramento s population is 2.3M, with a total workforce of 986K. The labor market grew by 13,100 jobs over the past year, up by 1.3%. The median household income in Sacramento is $69,879, 2.9% higher than last year and 13.9% 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 165 active new home projects on the market, 4.1% fewer than the 172 from last year. The average list price in the market is $502,540, 2.3% lower than last year and 62.3% above the national average. Over the last three months, new home contracts decreased by 24.8% to 950. Sacramento and Roseville had the highest concentration of the new home contracts in the Sacramento market.
