Chicago is a city unlike any other with the architectural marvels, world-class museums, dynamic entertainment, and award-winning dining scene you’d expect from one of the world’s greatest cities. It’s also more than just another big city with the welcoming residents, inclusive neighborhoods, and Midwestern soul that truly make Chicago a city that feels like home.
Chicago's population is 9.5M, with a total workforce of 4.5M. The labor market grew by 213,500 jobs over the past year, up by 4.8%. The median household income in Chicago is $76,099, 2.6% lower than last year and 12.7% above the national average of $67,521.
In the housing market, total permits issued totaled 17,461 over the last twelve months, up 17.4% year-over-year. Chicago has 310 active new home projects on the market, 13.4% fewer than the 358 from last year. The average list price in the market is $420,197, 7.2% higher than last year and 6.7% below the national average. Over the last three months, new home contracts decreased by 7.4% to 1,700. Plainfield and Mundelein had the highest concentration of the new home contracts in the Chicago market.
