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Young professionals looking for an urban vibe are moving into this low-key city, with microbreweries, gastropubs, and trendy boutiques popping up on every corner. Hot summer days create some of the most idyllic evenings anywhere in the state, where locals sit on porches in elegant Victorian-era homes, and kids scamper in leafy parks until the sun goes down in Sacramento.
Sacramento's population is 2.4M, with a total workforce of 1.0M. The labor market grew by 11,500 jobs over the past year, up by 1.1%. The median household income in Sacramento is $75,913, 3.8% higher than last year and 20.2% above the national average of $63,179.In the housing market, total permits issued totaled 10,189 over the last twelve months, up 30.4% year-over-year. Sacramento has 182 active new home projects on the market, 6.2% fewer than the 194 from last year. The average list price in the market is $541,637, 8.5% higher than last year and 68.5% above the national average. Over the last three months, new home contracts decreased by 3.1% to 1,607. Sacramento and Roseville had the highest concentration of the new home contracts in the Sacramento market.
