Virginia Beach
| Data Series | Jan 2022 | Apr 2022 |
|---|---|---|
| Unemployment Rate(2) | 3.9 | 3.0 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 761.3 | 777.4 |
| 12-month % change | 1.1 | 1.9 |
What is the job market like in Virginia Beach?
Job Market
| Virginia Beach, VA | Richmond, VA | |
|---|---|---|
| Current Unemployment | 4.8% | 7.1% |
| Future Job Growth | 33.2% | 37.1% |
| Recent Job Growth | -5.8% | -5.6% |
| 3 Yr. Job Growth | -3.8% | -2.7% |
How is the economy in Virginia Beach?
The US average is 7.3%. – The Income Tax Rate for Virginia Beach is 5.8%. The US average is 4.6%.
Income and Salaries for Virginia Beach.
| ECONOMY | Virginia Beach, Virginia | United States |
|---|---|---|
| Unemployment Rate | 4.8% | 6.0% |
| Recent Job Growth | -5.8% | -6.2% |
| Future Job Growth | 33.2% | 33.5% |
| Sales Taxes | 6.0% | 6.2% |
What state has the highest employment rate?
South Carolina
1. South Carolina. South Carolina has the highest employment rate in the United States of 97.7% (an unemployment rate of 2.3%). From September 2019 to December 2019, South Carolina’s unemployment rate dropped from 2.9% to 2.3%, hitting historic lows four times.
What is the unemployment rate in Virginia right now?
Virginia’s Seasonally Adjusted Unemployment Rate Increased 0.7 Percentage Point in March to 3.3 Percent. RICHMOND — Virginia’s seasonally adjusted unemployment rate increased 0.7 percentage point in March to 3.3 percent, which is 0.4 percentage point above the rate from a year ago.
Why are people moving to Virginia Beach?
Virginia Beach is known as an ideal remote working destination as well with its skilled workforce, diverse economy, low tax rates, and beautiful scenery. VirginiaBeach is a resort city with hundreds of hotels and restaurants along the oceanfront. It’s also an independent city with a population of about 459,470.
What is the cost of living in Virginia Beach?
Virginia Beach cost of living is 105.6
| COST OF LIVING | Virginia Beach | Virginia |
|---|---|---|
| Grocery | 100.3 | 99.6 |
| Health | 108.8 | 102.4 |
| Housing | 116 | 111.8 |
| Median Home Cost | $320,700 | $329,200 |
Who is the largest employer in Virginia Beach?
Gold Key | PHR
Gold Key | PHR is the Virginia Beach Oceanfront’s largest employer with over 2,200 associates in peak season.
What percent of Virginia Beach is black?
18.82%
According to the most recent ACS, the racial composition of Virginia Beachwas: White: 65.06% Black or African American: 18.82%
What percentage of Virginia Beach is white?
Table
| Population | |
|---|---|
| Persons 65 years and over, percent | 14.2% |
| Female persons, percent | 50.9% |
| Race and Hispanic Origin | |
| White alone, percent | 65.1% |
What state is easiest to find a job?
These are the 10 best states for finding a job:
- Nevada. Unemployment rate: 3.9%
- Minnesota. Unemployment rate: 3.2%
- Nebraska. Unemployment rate: 3.0%
- Iowa. Unemployment rate: 2.7%
- New Hampshire. Unemployment rate: 2.5%
- Virginia. Unemployment rate: 2.8%
- Idaho. Unemployment rate: 2.9%
- Massachusetts. Unemployment rate: 2.9%
What is the hardest state to get a job?
Wrapping Up
| Rank | State | Recent Job Growth |
|---|---|---|
| 1 | Kentucky | -1.49% |
| 2 | Alabama | 0.04% |
| 3 | West Virginia | -0.72% |
| 4 | Louisiana | 0.32% |
Which state has the worst unemployment?
Unemployment rate by jurisdiction
| Rank | Rank (50 states) | State federal district or territory |
|---|---|---|
| 1 | — | American Samoa |
| — | — | Northern Mariana Islands |
| 2 | — | Puerto Rico |
| 3 | 1 | Nevada |
How is the job market in Virginia?
As of December 2021, there were about 3.98 million jobs across the commonwealth, which is 101,000 jobs short of where we were before the pandemic began. Another way to look at it: Virginia’s job base is at about 97.5% of where it was before the pandemic sent shock waves through the economy.
What is the average weekly wage in Virginia?
| Area | Establishments | Average weekly wage (1) |
|---|---|---|
| United States (2) | 11,194,120 | $1,418 |
| Virginia | 303,402 | 1,424 |
| Accomack | 1,063 | 992 |
| Albemarle | 3,944 | 1,383 |
Does Virginia have a good economy?
Read our methodology to see how the scores and rankings were calculated. Read our methodology to see how the scores and rankings were calculated.
Virginia Rankings.
| Health Care | #12 |
|---|---|
| Education | #12 |
| Economy | #13 |
| Infrastructure | #39 |
| Opportunity | #8 |
Is Virginia Beach all black?
The proportion of black residents in Virginia Beach also increased from 14 percent in 1990 to 19 percent in 2000, the most recent U.S. census, or from 54,671 to 80,593. Even with that increase, it is still the whitest city in South Hampton Roads.
What is the best area to live in Virginia Beach?
- Lagomar is one of the best neighborhoods in Virginia Beach.
- Little Neck is home to some of the best neighborhoods in Virginia Beach.
- Sandbridge Beach is Virginia’s version of the Outer Banks.
- Sylvan Lake.
- The North End.
- Thoroughgood.
Is Virginia Beach cheap to live?
Not to mention, it’s an affordable place to live on the East Coast—the median home price in Virginia Beach is $262,200, and the median monthly rent is $1,258. Virginia Beach is more than just a popular coastal travel destination; it’s also a safe, economically stable, and family-friendly city!
Is Virginia Beach a good place to live?
Overall, Virginia Beach is a good place to live, even for retirees. This city is safe, and it has big-city amenities. The economy is also growing steadily. The only concern is its cost of living is higher than the national average.
What is the average household income in Virginia Beach?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 23.6 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $78,136 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $39,788 |