San Francisco s population is 4.7M, with a total workforce of 2.4M. The labor market grew by 62,900 jobs over the past year, up by 2.6%. The median household income in San Francisco is $106,394, 4.6% higher than last year and 73.4% above the national average of $61,372.
In the housing market, total permits issued totaled 15,710 over the last twelve months, down 8.5% year-over-year. San Francisco has 149 active new home projects on the market, 1.4% more than the 147 from last year. The average list price in the market is $1,051,626, 3.5% higher than last year and 238.8% above the national average. Over the last three months, new home contracts decreased by 31.5% to 978. Hayward and San Francisco had the highest concentration of the new home contracts in the San Francisco market.