San Jose s population is 2.0M, with a total workforce of 1.1M. The labor market grew by 24,700 jobs over the past year, up by 2.2%. The median household income in San Jose is $122,900, 4.6% higher than last year and 100.3% above the national average of $61,372. In the housing market, total permits issued totaled 8,825 over the last twelve months, up 13.6% year-over-year. San Jose has 65 active new home projects on the market, 27.5% more than the 51 from last year. The average list price in the market is $792,104, 6.9% lower than last year and 161.7% above the national average. Over the last three months, new home contracts decreased by 37.4% to 461. San Jose and Milpitas had the highest concentration of the new home contracts in the San Jose market.