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Economic Atlas
Places/VA/Portsmouth (Independent City)
County profile

Portsmouth (Independent City)

United States · GDP 2024
#542 of 3,127 US counties by GDP35th-percentile growthmore diversified than 68% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$7.8B
GDP growth
+2.9%
Jobs tracked
25,089
Employers
1,597
Avg. wage
$67.0k
Population
96,777
Labor & formation
Unemployment
4.4%
Median HH income
$60.5k±$1.9k
Business applications
1,907 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1TowneBankFinancial Services$1.0B52D2H.E.R.C. Products Inc.Basic Materials$5.8M——

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 care37%
Retail trade18%
Food & accommodation15%
Admin & support10%
Construction10%
Transportation10%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
96,777
residents · 2025 · -1.2% since 2020
Income per capita $50.6k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−1,896
International migration+440
Natural change+239

GDP trend

2019–2024 · nominal
$6.4B
2019
$6.5B
2020
$6.9B
2021
$7.3B
2022
$7.6B
2023
$7.8B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$246.9k±$5.4k
Median gross rent
$1.3k/mo±$26/mo
Vacancy rate
7.0%±1.0%
Affordability
3.7× wages
Residential permits
179 (1.8/1k pop)
FEMA risk score
54.0
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Hurricane 87Winter weather 76Heat wave 74
FHFA HOUSE PRICE INDEX · 2016–2025
518
2016
543
2017
550
2018
567
2019
613
2020
687
2021
774
2022
829
2023
898
2024
933
2025

Transport access

BTS · FAA · USACE
Nearest interstate
3.6 km
I-264
Nearest freight rail
1.6 km
CWRY
Nearest port
1.0 km
W. F. MAGANN CORP. MOORING
Nearest commercial airport
14.7 km
NORFOLK INTL
Waterborne tonnage, host port(s) (CY2022):68,766,562 short tons/yr · Virginia, VA, Port of
Wage trend
BLS QCEW · 2019–2023
$67.0k
avg. annual pay · +18% since 2019
Similar US counties
nearest by GDP
Midland$7.8BMontgomery + Radford$7.8BStory$7.8BSevier$7.8BCape May$7.8BWhitfield$7.7B
The read

Portsmouth (Independent City)'s economy produced $7.8B in 2024, growing 2.9% year over year — slower than 65% of 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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