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Places/MA/Norfolk
County profile

Norfolk

United States · GDP 2024
#72 of 3,127 US counties by GDP59th-percentile growthmore diversified than 99% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$75.1B
GDP growth
+5.1%
Jobs tracked
337,287
Employers
20,745
Avg. wage
$81.6k
Population
739,749
Labor & formation
Unemployment
3.8%
Median HH income
$130.7k±$2.6k
Business applications
8,350 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1SharkNinja, Inc.Consumer Cyclical$6.4B56C2Tripadvisor, Inc.Communication Services$1.9B74B3J.Jill, Inc.Consumer Cyclical$596.5M53D4MariMed Inc.Healthcare$159.8M66B5Stran & Company, Inc.Communication Services$116.2M57C6Verastem, Inc.Healthcare$30.9M48D7Elcom International Inc.Technology$5.4M——8Candel Therapeutics, Inc.Healthcare$125.0k32D9Worlds Inc.Technology$199——10Permanent Technologies, Inc.Industrials$0——11Corbus Pharmaceuticals Holdings, Inc.Healthcare$044D12Xeno Transplants CorporationHealthcare$0——13NB Bancorp, Inc. Common StockFinancial Services———14McKinley Acquisition CorporationFinancial Services———

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care27%
Retail trade21%
Food & accommodation15%
Finance & insurance14%
Professional services12%
Construction11%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
739,749
residents · 2025 · +2.2% since 2020
Income per capita $119.7k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−12,498
International migration+23,916
Natural change+4,282

GDP trend

2019–2024 · nominal
$56.8B
2019
$56.3B
2020
$61.5B
2021
$66.9B
2022
$71.4B
2023
$75.1B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$683.9k±$5.7k
Median gross rent
$2.1k/mo±$29/mo
Vacancy rate
4.0%±0.3%
Affordability
8.4× wages
Residential permits
1,194 (1.6/1k pop)
FEMA risk score
92.0
HUD Fair Market Rent (2BR):no HUD FMR published for this area
TOP PERILS · FEMA NRI
Hurricane 92Earthquake 92Ice storm 90
FHFA HOUSE PRICE INDEX · 2016–2025
1020
2016
1073
2017
1128
2018
1171
2019
1203
2020
1318
2021
1483
2022
1592
2023
1689
2024
1740
2025

Transport access

BTS · FAA · USACE
Nearest interstate
1.6 km
I-95
Nearest freight rail
0.3 km
CSXT
Nearest port
21.0 km
C H SPRAGUE DOCK QUINCY TERMINAL(SOUTHERN ARTERY ST.)
Nearest commercial airport
27.8 km
GENERAL EDWARD LAWRENCE LOGAN INTL
Filing activity
SEC EDGAR

51 filings from 11 companies here in the last 90 days.

8-KWorlds Inc.07-08
8-KCorbus Pharmaceuticals Holdings, Inc.07-06
8-KTripadvisor, Inc.07-01
8-KCandel Therapeutics, Inc.06-24
8-KVerastem, Inc.06-23
8-KSharkNinja, Inc.06-18
8-KVerastem, Inc.06-17
8-KCandel Therapeutics, Inc.06-16
8-KTripadvisor, Inc.06-15
10-QJ.Jill, Inc.06-10
Wage trend
BLS QCEW · 2019–2023
$81.6k
avg. annual pay · +20% since 2019
Similar US counties
nearest by GDP
Morris$74.4BNew Castle$76.0BEssex$76.2BWestern Connecticut$76.3BDouglas$73.8BOklahoma$73.7B
The read

Norfolk's economy produced $75.1B in 2024, growing 5.1% year over year — about the middle of the pack among US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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