County profile
Isle of Wight County, VA
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
BEA · 2024
GDP growth (YoY)
-15.8%
BEA · 2024
Jobs tracked
9,183
Census CBP · 2023
Employers
766
Census CBP · 2023
Avg. wage
$78.0k
BLS QCEW · 2023
Population
41,321
Census PEP · 2025
Labor, income & education
Unemployment
3.7%
Median HH income
$95.2k±$5.2k
Bachelor's degree+
30.8%±2.3%
Poverty rate
6.8%±1.4%
Business applications
508 · 2025
Retail establishments
108
26.4/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Smithfield Foods, Inc.Consumer Defensive$15.5B65BHQ-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
$1.4B2019
$1.4B2020
$1.4B2021
$1.6B2022
$2.0B2023
$1.7B2024
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
$75.7M
303 units · 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
2472016
2602017
2632018
2732019
2802020
3072021
3492022
3712023
3902024
4092025
RESIDENTIAL PERMITS · 2021–2025
↓ -13% since 20213502021
5142022
2062023
2572024
3032025
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 EDGAR1 filing from 1 company here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$78.0k
avg. annual pay · +74% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Isle of Wight?
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.