Portsmouth city, VA County is a vibrant and welcoming area of Virginia to call home. The city features several local businesses such as the Portsmouth Regional Hospital, Portsmouth Public Schools, and Verizon Wireless. The cost of living is quite affordable with a two bedroom rent coming in at just $1,330 compared to the national average of $1,430. Grocery costs are also lower than average with an index of 96 versus the US average of 100. Portsmouth city is an excellent place for people to live who are looking for a great quality of life without breaking the bank.
Portsmouth City County has an unemployment rate of 8.5%. The US average is 6.0%.
Portsmouth City County 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 City County
- The Sales Tax Rate for Portsmouth City County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Portsmouth City County 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 City County
- The average income of a Portsmouth City County resident is $28,520 a year. The US average is $37,638 a year.
- The Median household income of a Portsmouth City County resident is $54,020 a year. The US average is $69,021 a year.