Economy in Suffolk, Virginia
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Economy
| Unemployment Rate | 7.10% | 9.10% |
| Recent Job Growth | -0.75% | -0.12% |
| Future Job Growth | 31.40% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.75% | 6.25% |
| Income per Cap. | $28,037 | $27,067 |
| Household Income | $60,349 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 11.60% | 12.10% |
| Income between 15K and 25K | 8.73% | 10.18% |
| Income between 25K and 35K | 8.52% | 10.56% |
| Income between 35K and 50K | 13.07% | 14.98% |
| Income between 50K and 75K | 19.59% | 19.53% |
| Income between 75K and 100K | 15.39% | 12.52% |
| Income between 100K and 150K | 14.65% | 12.14% |
| Income between 150K and 250K | 4.85% | 3.91% |
| Income between 250K and 500K | 3.05% | 3.34% |
| Income greater than 500K | 0.55% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 12.99% | 13.81% |
| Professional and Related Occupations | 22.30% | 22.68% |
| Service | 10.99% | 14.51% |
| Sales and Office | 22.90% | 25.22% |
| Farming, Fishing, and Forestry | 0.46% | 0.68% |
| Construction, Extraction, and Maintenance | 10.16% | 9.37% |
| Production, Transportation, and Material Moving | 18.42% | 15.86% |
The unemployment rate in Suffolk, VA, is 7.10%, with job growth of -0.75%. Future job growth over the next ten years is predicted to be 31.40%.
Suffolk, VA Taxes
Suffolk, VA,sales tax rate is 5.00%. Income tax is 5.75%.
Suffolk, VA Income and Salaries
The income per capita is $28,037, which includes all adults and children. The median household income is $60,349.
Suffolk Economy SperlingViews
Suffolk, VA: After having lived in much larger cities, namely Phoenix, Denver and Baltimore, it was a bit of an adjustment to get the family used to Suffolk and Hampton Roads. Once... (read more)Non: Don't move... (read more)Great place to live: I like living in Suffolk because of the smaller town feel yet having the conveniences of the larger city. We have been happy in Northern Suffolk. The schools don't seem... (read more)Have an opinion about Suffolk? Leave a commentTo See All SperlingViews for Suffolk Click Here
