Tampa s population is 3.1M, with a total workforce of 1.4M. The labor market grew by 27,300 jobs over the past year, up by 2.0%. The median household income in Tampa is $54,913, 5.2% higher than last year and 13.1% below the national average of $63,179.
In the housing market, total permits issued totaled 20,483 over the last twelve months, up 14.4% year-over-year. Tampa has 394 active new home projects on the market, 1.3% more than the 389 from last year. The average list price in the market is $315,329, 6.7% higher than last year and 4.0% below the national average. Over the last three months, new home contracts decreased by 4.3% to 2,424. Riverview and Wesley Chapel had the highest concentration of the new home contracts in the Tampa market.