Economy in Portsmouth, Virginia
Overview,
People,
Health, Economy,
Housing,
Rankings,
Crime
Climate,
Education,
Transportation,
Cost of Living,
Religion,
Voting
Economy
| Unemployment Rate | 8.10% | 9.10% |
| Recent Job Growth | -1.42% | -0.12% |
| Future Job Growth | 29.06% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.75% | 6.25% |
| Income per Cap. | $22,834 | $27,067 |
| Household Income | $46,464 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.69% | 12.10% |
| Income between 15K and 25K | 11.65% | 10.18% |
| Income between 25K and 35K | 11.74% | 10.56% |
| Income between 35K and 50K | 16.92% | 14.98% |
| Income between 50K and 75K | 20.46% | 19.53% |
| Income between 75K and 100K | 12.85% | 12.52% |
| Income between 100K and 150K | 8.96% | 12.14% |
| Income between 150K and 250K | 2.28% | 3.91% |
| Income between 250K and 500K | 1.26% | 3.34% |
| Income greater than 500K | 0.19% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.58% | 13.81% |
| Professional and Related Occupations | 18.89% | 22.68% |
| Service | 17.35% | 14.51% |
| Sales and Office | 22.77% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 9.58% | 9.37% |
| Production, Transportation, and Material Moving | 15.68% | 15.86% |
The unemployment rate in Portsmouth, VA, is 8.10%, with job growth of -1.42%. Future job growth over the next ten years is predicted to be 29.06%.
Portsmouth, VA Taxes
Portsmouth, VA,sales tax rate is 5.00%. Income tax is 5.75%.
Portsmouth, VA Income and Salaries
The income per capita is $22,834, which includes all adults and children. The median household income is $46,464.
Portsmouth Economy SperlingViews
Consider merger with P-town: There's been some talk but no specific decisions have been made yet at least on a local level but the City of Norfolk should welcome the merger with P-Town if proposed.... (read more)location: Housing not always... (read more)Question: Are there any paper mills in the Portsmo: Does anyone living near Portsmouth, VA smell a paper... (read more)Have an opinion about Portsmouth? Leave a commentTo See All SperlingViews for Portsmouth Click Here
