Tampa s population is 3.1M, with a total workforce of 1.4M. The labor market grew by 25,800 jobs over the past year, up by 1.9%. The median household income in Tampa is $54,835, 5.0% higher than last year and 10.7% below the national average of $61,372.
In the housing market, total permits issued totaled 20,141 over the last twelve months, up 17.8% year-over-year. Tampa has 405 active new home projects on the market, 0.5% fewer than the 407 from last year. The average list price in the market is $319,496, 10.3% higher than last year and 2.9% above the national average. Over the last three months, new home contracts decreased by 17.0% to 2,331. Riverview and Tampa had the highest concentration of the new home contracts in the Tampa market.