San Jose s population is 2.0M, with a total workforce of 1.1M. The labor market grew by 37,800 jobs over the past year, up by 3.4%. The median household income in San Jose is $123,308, 5.0% higher than last year and 100.9% above the national average of $61,372. In the housing market, total permits issued totaled 8,357 over the last twelve months, up 17.0% year-over-year. San Jose has 59 active new home projects on the market, 13.5% more than the 52 from last year. The average list price in the market is $1,174,438, 28.1% higher than last year and 279.2% above the national average. Over the last three months, new home contracts decreased by 63.6% to 238. Milpitas and Hollister had the highest concentration of the new home contracts in the San Jose market.