Economy in Norfolk, Virginia
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Economy
| Unemployment Rate | 8.40% | 9.10% |
| Recent Job Growth | -0.96% | -0.12% |
| Future Job Growth | 29.68% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.75% | 6.25% |
| Income per Cap. | $22,505 | $27,067 |
| Household Income | $42,662 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 16.16% | 12.10% |
| Income between 15K and 25K | 12.19% | 10.18% |
| Income between 25K and 35K | 12.89% | 10.56% |
| Income between 35K and 50K | 16.89% | 14.98% |
| Income between 50K and 75K | 19.45% | 19.53% |
| Income between 75K and 100K | 10.22% | 12.52% |
| Income between 100K and 150K | 7.25% | 12.14% |
| Income between 150K and 250K | 2.53% | 3.91% |
| Income between 250K and 500K | 1.91% | 3.34% |
| Income greater than 500K | 0.51% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 10.89% | 13.81% |
| Professional and Related Occupations | 22.32% | 22.68% |
| Service | 15.76% | 14.51% |
| Sales and Office | 24.34% | 25.22% |
| Farming, Fishing, and Forestry | 0.22% | 0.68% |
| Construction, Extraction, and Maintenance | 9.66% | 9.37% |
| Production, Transportation, and Material Moving | 13.73% | 15.86% |
The unemployment rate in Norfolk, VA, is 8.40%, with job growth of -0.96%. Future job growth over the next ten years is predicted to be 29.68%.
Norfolk, VA Taxes
Norfolk, VA,sales tax rate is 5.00%. Income tax is 5.75%.
Norfolk, VA Income and Salaries
The income per capita is $22,505, which includes all adults and children. The median household income is $42,662.
Norfolk Economy SperlingViews
re: Hampton roads bridge tunnel - 6/19/2006: I wonder how the Hampton Bridge Tunnel milking the norfolk peoples' tax money, and at the same time having pain from the traffic due to closing of either one of the... (read more)re: Norfolk, Va - 4/20/2006: I agree with Dr. Nick. Try living in New York if you think traffic sucks. However, you could live in Atlanta, GA. I hear thiers supercedes (do you understand that... (read more)re: Norfolk, Va - 4/20/2006: Uh, could you elaborate just a wee bit on your condemnation of Norfolk, Krystal? "Sucks" can mean so many things, and I am sure that Norfolk-curious readers would love... (read more)Have an opinion about Norfolk? Leave a commentTo See All SperlingViews for Norfolk Click Here
