Sacramento s population is 2.3M, with a total workforce of 1.0M. The labor market grew by 11,400 jobs over the past year, up by 1.1%. The median household income in Sacramento is $75,818, 3.7% higher than last year and 20.0% above the national average of $63,179.
In the housing market, total permits issued totaled 9,540 over the last twelve months, up 25.1% year-over-year. Sacramento has 177 active new home projects on the market, 2.7% fewer than the 182 from last year. The average list price in the market is $580,402, 1.4% higher than last year and 66.7% above the national average. Over the last three months, new home contracts increased by 31.5% to 1,486. Sacramento and Roseville had the highest concentration of the new home contracts in the Sacramento market.
