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Area Analysis <br /> <br />CBRE VALUATION & ADVISORY SERVICES 6 © 2025 CBRE, INC <br />Income <br />Education <br />Employment <br />Source: ESRI, downloaded on Oct 30, 2025; BLS.gov dated Aug 1, 2025 (preliminary) <br />The area includes a total of 6,530,147 employees and has a 5.9% unemployment rate. The top three <br />industries within the area are Health Care/Social Assistance, Prof/Scientific/Tech Services and Retail <br />Trade, which is a combined total of 33% of the workforce. <br />The area features an average household income of <br />$139,051 and a median household income of <br />$97,753. Over the next five years, median <br />household income is expected to increase by <br />13.1%, or $2,565 per annum. <br />A total of 40.4%of individuals over the age of 24 <br />have a college degree, with 26.0% holding a <br />bachelor's degree and 14.4% holding a graduate <br />degree. <br />$97,753 <br />$110,577 <br />$0 <br />$20,000 <br />$40,000 <br />$60,000 <br />$80,000 <br />$100,000 <br />$120,000 <br />2024 2029 <br />MEDIAN INCOME BY YEAR <br />POPULATION BY DEGREE <br />Bachelor's Degree <br />Graduate Degree <br />Other <br />0%2%4%6%8%10%12%14%16% <br />Other Services (excl Publ Adm) <br />Admin/Support/Waste Mgmt Srvcs <br />Transportation/Warehousing <br />Construction <br />Accommodation/Food Services <br />Educational Services <br />Manufacturing <br />Retail Trade <br />Prof/Scientific/Tech Services <br />Health Care/Social Assistance <br />Source: ESRI <br />Source: ESRI <br />Source: ESRI <br /> <br />In summary, the area is forecasted to experience a decrease in population and an increase in household <br />income. <br /> <br />  <br />  <br />City Council 17 – 22 2/17/2026