County profile
Norfolk (Independent City) city, VA
United States · GDP 2024
#211 of 3,127 US counties by GDP52nd-percentile growthmore diversified than 94% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$26.8B
BEA · 2024
GDP growth (YoY)
+4.6%
BEA · 2024
Jobs tracked
109,272
Census CBP · 2023
Employers
5,398
Census CBP · 2023
Avg. wage
$70.1k
BLS QCEW · 2023
Population
231,013
Census PEP · 2025
Labor, income & education
Unemployment
4.4%
Median HH income
$66.1k±$1.8k
Bachelor's degree+
33.5%±1.2%
Poverty rate
16.5%±1.0%
Business applications
4,651 · 2025
Retail establishments
763
33.0/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1PRA Group, Inc.Financial Services$1.2B49D2HLK Biotech Holding Group, Inc.Healthcare———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 care29%
Food & accommodation16%
Retail trade15%
Professional services14%
Admin & support14%
Transportation11%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
231,013
residents · 2025 · -2.9% since 2020
Income per capita $51.5k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−15,736
International migration+5,191
Natural change+3,741
GDP trend
2019–2024 · nominal
$20.1B2019
$20.2B2020
$22.1B2021
$24.1B2022
$25.6B2023
$26.8B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$289.9k±$5.5k
Median gross rent
$1.3k/mo±$27/mo
Vacancy rate
8.3%±0.7%
Affordability
4.1× wages
Residential permits
$26.2M
156 units · 0.7/1k pop
FEMA risk score
81.2
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Hurricane 93Heat wave 88Lightning 88
FHFA HOUSE PRICE INDEX · 2016–2025
6722016
6862017
7122018
7372019
7712020
8562021
9632022
10372023
10722024
11252025
RESIDENTIAL PERMITS · 2021–2025
↓ -89% since 20211,4732021
1,2082022
1,4272023
4382024
1562025
Transport access
BTS · FAA · USACE
Nearest interstate
1.0 km
I-64
Nearest freight rail
0.2 km
NS
Nearest port
6.0 km
Norfolk Shiprepair & Drydock Corp., Brambleton Plant Pier No. 6.
Nearest commercial airport
5.3 km
NORFOLK INTL
Filing activity
SEC EDGAR1 filing from 1 company here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$70.1k
avg. annual pay · +22% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Norfolk (Independent City)?
Norfolk (Independent City)'s economy produced $26.8B in 2024, growing 4.6% 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.