San Diego s population is 3.3M, with a total workforce of 1.5M. The labor market grew by 11,800 jobs over the past year, up by 0.8%. The median household income in San Diego is $81,364, 2.9% higher than last year and 28.8% above the national average of $63,179.
In the housing market, total permits issued totaled 8,825 over the last twelve months, up 16.1% year-over-year. San Diego has 113 active new home projects on the market, 23.1% fewer than the 147 from last year. The average list price in the market is $799,523, 9.7% lower than last year and 148.8% above the national average. Over the last three months, new home contracts increased by 5.2% to 946. San Diego and Chula Vista had the highest concentration of the new home contracts in the San Diego market.