Economic Atlas
Places/VA/Newport News (Independent City) city, VA
County profile

Newport News (Independent City) city, VA

United States · GDP 2024
#274 of 3,127 US counties by GDP34th-percentile growthmore diversified than 38% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$18.8B
BEA · 2024
GDP growth (YoY)
+2.8%
BEA · 2024
Jobs tracked
94,131
Census CBP · 2023
Employers
3,788
Census CBP · 2023
Avg. wage
$66.5k
BLS QCEW · 2023
Population
183,230
Census PEP · 2025
Labor, income & education
Unemployment
4.3%
Median HH income
$69.6k±$2.4k
Bachelor's degree+
30.6%±1.5%
Poverty rate
14.5%±1.1%
Business applications
2,974 · 2025
Retail establishments
593
32.3/10k pop

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Huntington Ingalls Industries, Inc.Industrials$12.5B72B2SMA Alliance, Inc.Technology$4.3k——

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
Manufacturing39%
Health care22%
Retail trade13%
Food & accommodation12%
Management8%
Professional services7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
183,230
residents · 2025 · -1.5% since 2020
Income per capita $53.3k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−8,912
International migration+3,005
Natural change+3,170

GDP trend

2019–2024 · nominal
$14.3B
2019
$14.4B
2020
$15.5B
2021
$16.7B
2022
$18.3B
2023
$18.8B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$260.6k±$5.8k
Median gross rent
$1.3k/mo±$25/mo
Vacancy rate
7.2%±0.6%
Affordability
3.9× wages
Residential permits
$17.7M
125 units · 0.7/1k pop
FEMA risk score
72.2
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Hurricane 88Winter weather 86Heat wave 84
FHFA HOUSE PRICE INDEX · 2016–2025
471
2016
479
2017
483
2018
505
2019
531
2020
587
2021
676
2022
719
2023
764
2024
791
2025
RESIDENTIAL PERMITS · 2021–2025
↑ 18% since 2021
106
2021
393
2022
647
2023
6
2024
125
2025

Transport access

BTS · FAA · USACE
Nearest interstate
1.5 km
I-64
Nearest freight rail
1.2 km
CSXT
Nearest port
10.8 km
VULCAN MATERIALS, SKIFF'S CREEK YARD WHARF
Nearest commercial airport
3.7 km
NEWPORT NEWS/WILLIAMSBURG INTL
Filing activity
SEC EDGAR
8-KHuntington Ingalls Industries, Inc.05-05
10-QHuntington Ingalls Industries, Inc.05-05
8-KHuntington Ingalls Industries, Inc.05-01
DEF 14AHuntington Ingalls Industries, Inc.03-20
10-KHuntington Ingalls Industries, Inc.02-05
8-KHuntington Ingalls Industries, Inc.02-05
10-QHuntington Ingalls Industries, Inc.10-30
8-KHuntington Ingalls Industries, Inc.10-30
8-KHuntington Ingalls Industries, Inc.07-31
10-QHuntington Ingalls Industries, Inc.07-31
Wage trend
BLS QCEW · 2019–2023
$66.5k
avg. annual pay · +21% since 2019
Similar US counties
nearest by GDP
Winnebago$18.8BWarren$18.8BWashington$18.7BSt. Johns$18.6BOkaloosa$19.0BCass$19.1B
Nearby & same-state counties
by GDP rank
Prince William$31.7BNorfolk (Independent City)$26.8BChesterfield$24.0BAlexandria (Independent City)$18.0BAlbemarle + Charlottesville$17.6BChesapeake (Independent City)$15.2B
The read

What is the GDP of Newport News (Independent City)?

Newport News (Independent City)'s economy produced $18.8B in 2024, growing 2.8% year over year — slower than 66% of 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.