San Jose s population is 2.0M, with a total workforce of 1.1M. The labor market grew by 34,600 jobs over the past year, up by 3.1%. The median household income in San Jose is $122,134, 4.0% higher than last year and 93.3% above the national average of $63,179.
In the housing market, total permits issued totaled 8,085 over the last twelve months, down 3.1% year-over-year. San Jose has 65 active new home projects on the market, 4.8% more than the 62 from last year. The average list price in the market is $820,242, 41.4% lower than last year and 174.0% above the national average. Over the last three months, new home contracts increased by 40.3% to 477. San Jose and Hollister had the highest concentration of the new home contracts in the San Jose market.