San Diego s population is 3.3M, with a total workforce of 1.5M. The labor market grew by 34,500 jobs over the past year, up by 2.3%. The median household income in San Diego is $81,263, 2.8% higher than last year and 28.6% above the national average of $63,179.
In the housing market, total permits issued totaled 8,217 over the last twelve months, down -1.4% year-over-year. San Diego has 124 active new home projects on the market, 13.3% fewer than the 143 from last year. The average list price in the market is $823,023, 4.1% lower than last year and 136.4% above the national average. Over the last three months, new home contracts increased by 64.8% to 928. San Diego and Chula Vista had the highest concentration of the new home contracts in the San Diego market.