County profile
Virginia Beach (Independent City) city, VA
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
BEA · 2024
GDP growth (YoY)
+10.2%
BEA · 2024
Jobs tracked
165,136
Census CBP · 2023
Employers
11,822
Census CBP · 2023
Avg. wage
$55.0k
BLS QCEW · 2023
Population
453,737
Census PEP · 2025
Labor, income & education
Unemployment
3.7%
Median HH income
$93.0k±$1.8k
Bachelor's degree+
40.9%±0.9%
Poverty rate
8.6%±0.6%
Business applications
7,424 · 2025
Retail establishments
1,422
31.3/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Cedar Realty Trust, Inc.Real Estate$29.7M38D2Inspire Veterinary Partners, Inc.Industrials$16.6M——3Bravo Multinational IncorporatedIndustrials$1.8M22D4Wheeler Real Estate Investment Trust, Inc.Real Estate$1.8M51D5Gold Rock Holdings, Inc.Technology$211.5k31D6Metavesco, Inc.Financial Services$127.1k——7BioForce Nanosciences Holdings, Inc.Consumer Defensive$17.8k19D8Global 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
$23.3B2019
$23.6B2020
$25.6B2021
$27.3B2022
$29.8B2023
$32.9B2024
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
$113.0M
436 units · 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
6262016
6412017
6552018
6762019
7032020
7702021
8732022
9362023
9932024
10452025
RESIDENTIAL PERMITS · 2021–2025
↓ -6% since 20214632021
1,1972022
5422023
6662024
4362025
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 EDGAR18 filings from 5 companies here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$55.0k
avg. annual pay · +24% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Virginia Beach (Independent City)?
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.