Portsmouth, Virginia 

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Economy in Portsmouth, Virginia

Portsmouth has an unemployment rate of 4.1%. The US average is 3.9%.

Portsmouth has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.

Tax Rates for Portsmouth
- The Sales Tax Rate for Portsmouth is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Portsmouth is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Portsmouth
- The average income of a Portsmouth resident is $23,219 a year. The US average is $28,555 a year.
- The Median household income of a Portsmouth resident is $46,239 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYPortsmouth, VirginiaUnited States
  3.9%3.7%
  1.3%1.6%
  29.6%33.5%
  6.0%6.2%
  5.8%4.6%
  $24,291$31,177
  $48,727$57,652
  $58,432$70,850
  POPULATION BY OCCUPATION
  0.2%1.3%
  0.1%0.6%
  6.6%6.2%
  11.7%10.4%
  1.9%2.7%
  11.9%11.6%
  4.4%4.1%
  0.5%0.9%
  1.4%2.1%
  3.0%4.7%
  1.6%1.9%
  4.0%6.7%
  0.1%0.1%
  5.1%4.3%
  7.8%9.3%
  16.0%13.8%
  1.6%2.2%
  7.6%7.4%
  4.8%4.9%
  9.8%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Portsmouth    4 Reviews
    answer to question about paper mills - 4/7/2015
    I have lived in Westhaven neighborhood in Portsmouth for 23 yrs. I have never smelled a paper mill in Portsmouth. I grew up in MA about a mile from one, so I know what... Read More

    Start Your Review of Portsmouth


    location - 2/22/2010
    Housing not always... Read More

    Question: Are there any paper mills in the Portsmo - 6/13/2008
    Does anyone living near Portsmouth, VA smell a paper... Read More


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    COMPARE COST OF LIVING
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    MAPS OF PORTSMOUTH, VIRGINIA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Portsmouth,Virginia Map
    ZIP CODES IN PORTSMOUTH, VIRGINIA
    23703 23701 23704 23707 23702 23709 23708

    NEW LISTINGS IN PORTSMOUTH
    $105,000
    820 Cambridge Ave
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    Bed 3 | Bath 1

    $173,700
    406 Kay Rd
    Bed 3 | Bath 2

    $279,900
    419 Bobby Jones Dr
    Bed 4 | Bath 3

    $139,900
    223 Median Ct
    Bed 2 | Bath 2

    $179,000
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    Bed 3 | Bath 2


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