San Diego s population is 3.3M, with a total workforce of 1.5M. The labor market grew by 27,600 jobs over the past year, up by 1.9%. The median household income in San Diego is $79,358, 4.1% higher than last year and 29.3% above the national average of $61,372.
In the housing market, total permits issued totaled 6,628 over the last twelve months, down 42.9% year-over-year. San Diego has 136 active new home projects on the market, 3.8% more than the 131 from last year. The average list price in the market is $772,955, 8.5% lower than last year and 147.1% above the national average. Over the last three months, new home contracts increased by 5.7% to 933. Chula Vista and San Diego had the highest concentration of the new home contracts in the San Diego market.