Zip 23608 (Newport News, VA) Economy


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Newport News, VA is the 23608 zip code area located in the Hampton Roads region of Virginia. It's a great place to live with plenty of local companies and amenities available. The average 2-bedroom rent in Newport News is $1,300 versus the US average of $1,430. Additionally, grocery cost index in Newport News is 97 compared to 100 in the US. Local companies include Huntington Ingalls Industries, Ferguson Enterprises Inc., and Canon Virginia Inc.; each boasting impressive reputations within their respective industries. Amenities include several nearby parks such as Dandy Point Park and Copeland Island Park; both offering great places to spend time outdoors with family and friends.

Newport News (zip 23608) has an unemployment rate of 7.2%. The US average is 6.0%.

Newport News (zip 23608) 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 31.6%, which is lower than the US average of 33.5%.

Tax Rates for Newport News (zip 23608)
- The Sales Tax Rate for Newport News (zip 23608) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newport News (zip 23608) 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 Newport News (zip 23608)
- The average income of a Newport News (zip 23608) resident is $23,442 a year. The US average is $28,555 a year.
- The Median household income of a Newport News (zip 23608) resident is $63,361 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNewport News, VirginiaUnited States
  7.26
  -5.8%-6.2%
  31.6%33.5%
  6.0%6.2%
  5.8%4.6%
  $29,825$37,638
  $63,361$69,021
  $73,601$85,028
  Population by Occupation
  0.3%1.2%
  0.2%0.5%
  6.7%6.8%
  9.8%10.0%
  2.0%2.5%
  11.5%11.0%
  3.0%4.8%
  1.0%0.8%
  1.1%1.9%
  1.3%4.7%
  1.3%1.9%
  6.7%7.6%
  0.1%0.1%
  5.4%4.2%
  8.4%9.3%
  14.1%14.0%
  1.9%2.1%
  10.7%7.0%
  5.0%4.8%
  9.6%4.7%
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