Los Angeles County s population is 10.1M, with a total workforce of 4.6M. The labor market grew by 70,542 jobs over the past year, up by 1.5%. The median household income in Los Angeles County is $70,157, 0.7% higher than last year and 11.0% above the national average of $63,179.
In the housing market, total permits issued totaled 22,389 over the last twelve months, down -2.3% year-over-year. Los Angeles County has 109 active new home projects on the market, 28.3% fewer than the 152 from last year. The average list price in the market is $713,235, 11.1% lower than last year and 121.9% above the national average. Over the last three months, new home contracts decreased by 15.2% to 837. Los Angeles and Santa Clarita had the highest concentration of the new home contracts in the Los Angeles County market.
