Gorgeous desert scenery sets Phoenix apart from other cosmopolitan cities in the United States. In fact, Phoenix has more land designated for parks and preserves than any other major city in the nation. In addition to its natural beauty and Old West roots, Phoenix is home to an array of theater, shopping, dining, museums and more cultural attractions.
Phoenix's population is 4.9M, with a total workforce of 2.2M. The labor market grew by 81,900 jobs over the past year, up by 3.8%. The median household income in Phoenix is $64,712, 10.1% lower than last year and 4.2% below the national average of $67,521.
In the housing market, total permits issued totaled 46,694 over the last twelve months, up 2.3% year-over-year. Phoenix has 475 active new home projects on the market, 1.1% more than the 470 from last year. The average list price in the market is $535,560, 16.9% higher than last year and 18.9% above the national average. Over the last three months, new home contracts decreased by 21.7% to 5,685. Phoenix and Surprise had the highest concentration of the new home contracts in the Phoenix market.
