Salt Lake City s population is 1.2M, with a total workforce of 735K. The labor market grew by 15,900 jobs over the past year, up by 2.2%. The median household income in Salt Lake City is $73,686, 3.0% higher than last year and 20.1% above the national average of $61,372. In the housing market, total permits issued totaled 8,878 over the last twelve months, down 1.7% year-over-year. Salt Lake City has 332 active new home projects on the market, 19.2% fewer than the 411 from last year. The average list price in the market is $404,492, 3.8% higher than last year and 30.6% above the national average. Over the last three months, new home contracts decreased by 15.2% to 1,456. Lehi and South Jordan had the highest concentration of the new home contracts in the Salt Lake City market.