Newport News, Virginia is a city in the Hampton Roads area. It has a population of about 180,000 people and is located near Hampton, Norfolk, Portsmouth, Suffolk and Virginia Beach. The median rent for a two bedroom apartment in Newport News is $1,320 compared to the US median of $1,430. The cost of living index is 96 which is slightly lower than the US average.
The city has many local businesses offering diverse services to residents. These include Ferguson Enterprises which provides plumbing supplies; Sentara Healthcare offering quality healthcare services; Ferguson Moving and Storage providing professional moving services; as well as Newport News Shipbuilding & Drydock Company which specializes in shipbuilding and repair among many other companies. Newport News offers plenty of opportunities for those looking to work or start their own business in the area.
Newport News (zip 23603) has an unemployment rate of 7.2%. The US average is 6.0%.
Newport News (zip 23603) 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 23603)
- The Sales Tax Rate for Newport News (zip 23603) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newport News (zip 23603) 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 23603)
- The average income of a Newport News (zip 23603) resident is $26,733 a year. The US average is $28,555 a year.
- The Median household income of a Newport News (zip 23603) resident is $88,358 a year. The US average is $69,021 a year.