Newport News, VA is a vibrant city with a population of 181,766. It has a thriving job market and many local companies. Major employers include Newport News Shipbuilding, Riverside Health System, Huntington Ingalls Industries, Canon Virginia Inc., and Ferguson Enterprises. The two main industries in the area are shipbuilding and healthcare. There are also many smaller businesses that offer employment opportunities such as retail stores, restaurants, salons and spas. Other popular attractions include nearby beaches, parks and historical sites that draw visitors to the area. The median 2 bedroom rent for Newport News is $1,270 which is slightly lower than the national average of $1,430. The grocery cost index for this area is 99 versus 100 in the US which indicates that Newport News offers an affordable living experience for its residents.
Newport News (zip 23606) has an unemployment rate of 7.2%. The US average is 6.0%.
Newport News (zip 23606) has seen the job market decrease by -5.8% 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 23606)
- The Sales Tax Rate for Newport News (zip 23606) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newport News (zip 23606) 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 23606)
- The average income of a Newport News (zip 23606) resident is $34,574 a year. The US average is $37,638 a year.
- The Median household income of a Newport News (zip 23606) resident is $61,415 a year. The US average is $69,021 a year.