San Jose s population is 2.0M, with a total workforce of 1.2M. The labor market grew by 33,200 jobs over the past year, up by 2.9%. The median household income in San Jose is $129,348, 3.7% higher than last year and 104.7% above the national average of $63,179.
In the housing market, total permits issued totaled 6,653 over the last twelve months, down -28.1% year-over-year. San Jose has 58 active new home projects on the market, 17.1% fewer than the 70 from last year. The average list price in the market is $947,078, 15.9% lower than last year and 172.0% above the national average. Over the last three months, new home contracts increased by 58.5% to 515. San Jose and Santa Clara had the highest concentration of the new home contracts in the San Jose market.