Economy in Virginia Beach, Virginia
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| Unemployment Rate | 5.80% | 8.60% |
| Recent Job Growth | 0.78% | 0.35% |
| Future Job Growth | 35.76% | 32.10% |
| Sales Taxes | 5.00% | 5.00% |
| Income Taxes | 5.75% | 4.70% |
| Income per Cap. | $30,048 | $26,154 |
| Household Income | $63,453 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 5.52% | 12.37% |
| Income between 15K and 25K | 5.91% | 10.53% |
| Income between 25K and 35K | 8.86% | 10.88% |
| Income between 35K and 50K | 16.06% | 15.37% |
| Income between 50K and 75K | 23.49% | 20.14% |
| Income between 75K and 100K | 17.24% | 12.41% |
| Income between 100K and 150K | 14.77% | 11.27% |
| Income between 150K and 250K | 5.93% | 5.01% |
| Income between 250K and 500K | 2.04% | 1.86% |
| Income greater than 500K | 0.17% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 14.23% | 14.04% |
| Professional and Related Occupations | 22.28% | 20.61% |
| Service | 14.66% | 14.45% |
| Sales and Office | 29.97% | 26.75% |
| Farming, Fishing, and Forestry | 0.13% | 0.70% |
| Construction, Extraction, and Maintenance | 9.89% | 9.42% |
| Production, Transportation, and Material Moving | 8.84% | 14.05% |
The unemployment rate in Virginia Beach, VA, is 5.80%, with job growth of 0.78%. Future job growth over the next ten years is predicted to be 35.76%.
Virginia Beach, VA Taxes
Virginia Beach, VA,sales tax rate is 5.00%. Income tax is 5.75%.
Virginia Beach, VA Income and Salaries
The income per capita is $30,048, which includes all adults and children. The median household income is $63,453.
Virginia Beach Economy SperlingViews
Employment: The Norfolk-Virginia Beach area has a very high percentage of retired military, many of whom are on a pension. As a result, jobs do not pay as well as they would... (read more)Nice place to live, not a great place to work in t: Great parks, beaches, weather is temperate (hot in the summer, cold in the winter), lots of things to do and places to go. Traffic is getting pretty bad between normal... (read more)transportation woes: traffic is extremely bad in the summer due to all roads lead to the beach. Tunnels and highways are parking... (read more)Have an opinion about Virginia Beach? Leave a commentTo See All SperlingViews for Virginia Beach Click Here
