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Places/VA/Isle of Wight
County profile

Isle of Wight

United States · GDP 2024
#1437 of 3,127 US counties by GDPbottom-decile growthmore diversified than 33% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$1.7B
GDP growth
-15.8%
Jobs tracked
9,183
Employers
766
Avg. wage
$78.0k
Population
41,321
Labor & formation
Unemployment
3.4%
Median HH income
$95.2k±$5.2k
Business applications
508 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Smithfield Foods, Inc.Consumer Defensive$15.5B65B

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
Manufacturing40%
Food & accommodation18%
Retail trade15%
Health care11%
Other services8%
Admin & support7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
41,321
residents · 2025 · +6.7% since 2020
Income per capita $70.7k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+2,854
International migration+183
Natural change−434

GDP trend

2019–2024 · nominal
$1.4B
2019
$1.4B
2020
$1.4B
2021
$1.6B
2022
$2.0B
2023
$1.7B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$356.5k±$9.9k
Median gross rent
$1.4k/mo±$70/mo
Vacancy rate
8.0%±1.9%
Affordability
4.6× wages
Residential permits
303 (7.3/1k pop)
FEMA risk score
37.9
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Drought 92Hurricane 83Coastal flooding 62
FHFA HOUSE PRICE INDEX · 2016–2025
247
2016
260
2017
263
2018
273
2019
280
2020
307
2021
349
2022
371
2023
390
2024
409
2025

Transport access

BTS · FAA · USACE
Nearest interstate
26.0 km
I-664
Nearest freight rail
8.3 km
NS
Nearest port
27.0 km
NEWPORT NEWS SHPBLG & DRYDOCK CO PR 6
Nearest commercial airport
33.8 km
NEWPORT NEWS/WILLIAMSBURG INTL
Filing activity
SEC EDGAR

4 filings from 1 company here in the last 90 days.

8-KSmithfield Foods, Inc.06-03
10-QSmithfield Foods, Inc.04-28
8-KSmithfield Foods, Inc.04-28
DEF 14ASmithfield Foods, Inc.04-20
10-KSmithfield Foods, Inc.03-24
8-KSmithfield Foods, Inc.03-24
8-KSmithfield Foods, Inc.01-21
8-KSmithfield Foods, Inc.10-28
10-QSmithfield Foods, Inc.10-28
10-QSmithfield Foods, Inc.08-12
Wage trend
BLS QCEW · 2019–2023
$78.0k
avg. annual pay · +74% since 2019
Similar US counties
nearest by GDP
Lamoille$1.7BPoweshiek$1.7BChilton$1.7BWayne$1.7BSevier$1.7BCrawford$1.7B
The read

Isle of Wight's economy produced $1.7B in 2024, contracting 15.8% year over year — among the slowest-growing US counties. Its largest employment sector is manufacturing.

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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