Newport News, VA (23604) is a great place to live due to the competitive rental market. A two-bedroom apartment in Newport News averages $1,800 per month, which is significantly lower than the US average of $1,430 per month. Additionally, groceries cost 97% of what they do in other parts of the country. Many businesses are located in Newport News and these include The Mariners' Museum and Park, Smithfield Foods Inc., Ferguson Enterprises Inc., Canon Virginia Inc., and Newport News Shipbuilding. The city also has beautiful parks and outdoor attractions such as Huntington Park, The Virginia Living Museum, Noland Trail, Mariners' Museum Park, as well as many art galleries and festivals throughout the year.
Newport News (zip 23604) has an unemployment rate of 7.2%. The US average is 6.0%.
Newport News (zip 23604) 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 23604)
- The Sales Tax Rate for Newport News (zip 23604) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newport News (zip 23604) 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 23604)
- The average income of a Newport News (zip 23604) resident is $16,081 a year. The US average is $28,555 a year.
- The Median household income of a Newport News (zip 23604) resident is $58,672 a year. The US average is $69,021 a year.