San Jose s population is 2.0M, with a total workforce of 1.1M. The labor market grew by 30,400 jobs over the past year, up by 2.7%. The median household income in San Jose is $123,127, 4.8% higher than last year and 100.6% above the national average of $61,372.
In the housing market, total permits issued totaled 8,231 over the last twelve months, up 6.5% year-over-year. San Jose has 61 active new home projects on the market, 5.2% more than the 58 from last year. The average list price in the market is $892,380, 10.5% lower than last year and 187.5% above the national average. Over the last three months, new home contracts decreased by 24.9% to 522. Milpitas and San Jose had the highest concentration of the new home contracts in the San Jose market.