Virginia Business// September 28, 2020//
Hampton Roads is Virginia’s second most populated region, with nearly 1.8 million residents in 17 localities, including Virginia Beach — the state’s largest city by population with about 450,000 residents. More than 120,000 active-duty and reserve members of the military, as well as civilian personnel, work at nine installations representing five branches. The Port of Virginia is the third-largest container port on the East Coast, with 14.1% of its market share. The region also has 11 community colleges and four-year colleges and universities, as well as a major tourism industry in recovery from the coronavirus pandemic.
Median household income: $64,648
Unemployment rate: 3.1%
Labor force participation rate: 64.4%
Average commute time: 24.4 minutes
Civilian labor force: 860,106
Population: 77 million
Population 20-24: 23%
Male vs. female ratio: 49% to 51%
Median age: 37.1
Population with a bachelor’s degree or higher: 32.8%
Sources:
1. U.S. Census Bureau, 2019 estimate of the resident population
2. U.S. Bureau of Labor Statistics, 2019 annual average, seasonally adjusted
3. Esri Business Analyst Online
Note: Population figure includes Hampton Roads MSA, including Currituck and Gates counties in North Carolina.
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