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Places/VA/Virginia Beach (Independent City)
County profile

Virginia Beach (Independent City)

United States · GDP 2024
#180 of 3,127 US counties by GDPtop-decile growthmore diversified than 95% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$32.9B
GDP growth
+10.2%
Jobs tracked
165,136
Employers
11,822
Avg. wage
$55.0k
Population
453,737
Labor & formation
Unemployment
3.3%
Median HH income
$93.0k±$1.8k
Business applications
7,424 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Inspire Veterinary Partners, Inc.Healthcare$16.6M——2Bravo Multinational IncorporatedConsumer Cyclical$1.8M19D3Wheeler Real Estate Investment Trust, Inc.Real Estate$1.8M50D4Gold Rock Holdings, Inc.Industrials$211.5k26D5Metavesco, Inc.Financial Services$127.1k——6BioForce Nanosciences Holdings, Inc.Consumer Defensive$17.8k18D7Global Diamond Exchange, Inc.Basic Materials———

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
Food & accommodation24%
Retail trade20%
Health care19%
Professional services13%
Finance & insurance12%
Admin & support11%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
453,737
residents · 2025 · -1.3% since 2020
Income per capita $76.3k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−17,665
International migration+5,698
Natural change+5,817

GDP trend

2019–2024 · nominal
$23.3B
2019
$23.6B
2020
$25.6B
2021
$27.3B
2022
$29.8B
2023
$32.9B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$382.5k±$3.8k
Median gross rent
$1.7k/mo±$19/mo
Vacancy rate
6.0%±0.4%
Affordability
7.0× wages
Residential permits
436 (1.0/1k pop)
FEMA risk score
57.9
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Heat wave 92Hurricane 89Lightning 87
FHFA HOUSE PRICE INDEX · 2016–2025
626
2016
641
2017
655
2018
676
2019
703
2020
770
2021
873
2022
936
2023
993
2024
1045
2025

Transport access

BTS · FAA · USACE
Nearest interstate
11.6 km
I-264
Nearest freight rail
7.1 km
Freight rail
Nearest port
5.0 km
NORTH LANDING TANKS
Nearest commercial airport
22.8 km
NORFOLK INTL
Filing activity
SEC EDGAR

19 filings from 4 companies here in the last 90 days.

8-KWheeler Real Estate Investment Trust, Inc.07-07
8-KBioForce Nanosciences Holdings, Inc.07-07
8-KBioForce Nanosciences Holdings, Inc.07-01
8-KWheeler Real Estate Investment Trust, Inc.06-26
8-KWheeler Real Estate Investment Trust, Inc.06-23
8-KBioForce Nanosciences Holdings, Inc.06-18
8-KWheeler Real Estate Investment Trust, Inc.06-12
8-KWheeler Real Estate Investment Trust, Inc.06-08
8-KWheeler Real Estate Investment Trust, Inc.06-01
8-KWheeler Real Estate Investment Trust, Inc.05-27
Wage trend
BLS QCEW · 2019–2023
$55.0k
avg. annual pay · +24% since 2019
Similar US counties
nearest by GDP
Rockingham$32.7BLucas$33.4BClark$33.4BNaugatuck Valley$33.4BAnchorage Municipality$32.1BStanislaus$32.1B
The read

Virginia Beach (Independent City)'s economy produced $32.9B in 2024, growing 10.2% year over year — faster than 91% of US counties. Its largest employment sector is food & accommodation.

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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