Chicago s population is 9.5M, with a total workforce of 4.8M. The labor market lost 15,600 jobs over the past year, down by 0.3%. The median household income in Chicago is $72,952, 3.1% higher than last year and 15.5% above the national average of $63,179.
In the housing market, total permits issued totaled 18,567 over the last twelve months, up 3.2% year-over-year. Chicago has 445 active new home projects on the market, 5.1% fewer than the 469 from last year. The average list price in the market is $362,267, 0.9% higher than last year and 12.7% above the national average. Over the last three months, new home contracts decreased by 7.3% to 1,317. Plainfield and Chicago had the highest concentration of the new home contracts in the Chicago market.