San Jose s population is 2.0M, with a total workforce of 1.1M. The labor market grew by 33,500 jobs over the past year, up by 3.0%. The median household income in San Jose is $122,972, 4.7% higher than last year and 94.6% above the national average of $63,179.
In the housing market, total permits issued totaled 8,160 over the last twelve months, down 2.4% year-over-year. San Jose has 66 active new home projects on the market, 10.0% more than the 60 from last year. The average list price in the market is $737,780, 42.4% lower than last year and 124.7% above the national average. Over the last three months, new home contracts decreased by 17.7% to 461. San Jose and Milpitas had the highest concentration of the new home contracts in the San Jose market.