Salt Lake City s population is 1.2M, with a total workforce of 733K. The labor market grew by 15,500 jobs over the past year, up by 2.1%. The median household income in Salt Lake City is $73,672, 3.0% higher than last year and 20.0% above the national average of $61,372. In the housing market, total permits issued totaled 8,331 over the last twelve months, down 5.8% year-over-year. Salt Lake City has 166 active new home projects on the market, 17.8% fewer than the 202 from last year. The average list price in the market is $402,358, 1.9% lower than last year and 32.9% above the national average. Over the last three months, new home contracts decreased by 17.2% to 1,012. South Jordan and Herriman had the highest concentration of the new home contracts in the Salt Lake City market.