Virginia Beach, Virginia 

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Economy in Virginia Beach, Virginia

Virginia Beach has an unemployment rate of 3.8%. The US average is 5.2%.

Virginia Beach has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is lower than the US average of 38.0%.

Tax Rates for Virginia Beach
- The Sales Tax Rate for Virginia Beach is 6.0%. The US average is 6.0%.
- The Income Tax Rate for Virginia Beach is 5.8%. The US average is 4.6%.

Income and Salaries for Virginia Beach
- The average income of a Virginia Beach resident is $32,477 a year. The US average is $28,555 a year.
- The Median household income of a Virginia Beach resident is $67,001 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYVirginia Beach, VirginiaUnited States
  Unemployment Rate3.8%5.2%
  Recent Job Growth-0.3%1.6%
  Future Job Growth35.6%38.0%
  Sales Taxes6.0%6.0%
  Income Taxes0.05750.046
  Income per Cap.$32,477$28,555
  Household Income$67,001$53,482
  Family Median Income$78,787$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.2%1.3%
  Mining, quarrying, oil and gas extraction0.2%0.6%
  Construction6.3%6.2%
  Manufacturing6.4%10.4%
  Wholesale trade2.0%2.7%
  Retail trade11.8%11.6%
  Transportation and warehousing3.3%4.1%
  Utilities00
  Information2.2%2.1%
  Finance and insurance4.8%4.7%
  Real estate, rental, leasing2.8%1.9%
  Professional, scientific, technical services7.6%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs4.3%4.3%
  Educational services9.4%9.3%
  Health care and social assistance12.5%13.8%
  Arts, entertainment, recreation1.8%2.2%
  Accommodation, food services9.2%7.4%
  Other services4.9%4.9%
  Public administration9.7%4.8%
ECONOMY MAP
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    Reviews for Virginia Beach    93 Reviews
    Great Place to Grow Up - 6/13/2018
    I lived in the Kempsville area of VB growing up and loved it. There's no way to be bored when you have so many public and neighborhood parks, libraries, events,... Read More

    Start Your Review of Virginia Beach


    A Great Place to Raise a Family - 8/20/2014
    I was born & raised in southern California but I've lived here in Virginia Beach since 1976. The weather is not as nice as California but really nothing to complain... Read More

    Virginia Beach has it all - 1/24/2014
    Amazing reading these other posts! Came to website verifying a statistic I had read about the cost of living in Hampton Roads area. Got sucked into reading the posts... Read More


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