Everything You Need to Know About the City of Norfolk Virginia

In 2017, Norfolk, VA had a population of 246k people with a median age of 30.4 and a median household income of $47,137 dollars. Between 2016 and 2017 the population of Norfolk, VA grew from 245,724 to 245,752, a 0.0114 percent increase and its median household income grew from $45,268 dollars to $47,137 dollars, a 4.13 percent increase.

The population of Norfolk, VA is 43.6 percent White Alone, 41.2 percent Black or African American Alone, and 7.62 percent Hispanic or Latino. N/A% of the people in Norfolk, VA speak a non-English language, and 96.6 percent are U.S. citizens.

The largest universities in Norfolk, VA are Old Dominion University (5,483 degrees awarded in 2017), Tidewater Community College (4,092 degrees), and Norfolk State University (1,086 degrees).

The median property value in Norfolk, VA is $194,800 dollars, and the homeownership rate is 43.4 percent. Most people in Norfolk, VA commute by Drove Alone, and the average commute time is 20.5 minutes. The average car ownership in Norfolk, VA is 2 cars per household.


Education in Norfolk

In 2017, universities in Norfolk, Virginia awarded 11,806 degrees. The student population of Norfolk, VA is skewed towards women, with 22,833 male students and 31,678 female students.

Most students graduating from Universities in Norfolk, VA are White (5,763 and 49.8 percent), followed by Black or African American (3,661 and 31.6 percent), Hispanic or Latino (764 and 6.6 percent), and Two or More Races (566 and 4.89 percent).

The largest universities in Norfolk, VA by the number of degrees awarded are Old Dominion University (5,483 and 46.4 percent), Tidewater Community College (4,092 and 34.7 percent), and Norfolk State University (1,086 and 9.2 percent).

The most popular majors in Norfolk, VA are General Social Sciences (777 and 6.58 percent), General Business Administration & Management (536 and 4.54 percent), and Registered Nursing (482 and 4.08 percent).

The median tuition costs in Norfolk, VA are $N/A for private four-year colleges, and $6,054 dollars and $20,438 dollars respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Norfolk

The economy of Norfolk, VA employs 104k people and Norfolk has an unemployment rate of 3.7 percent. Norfolk has seen the job market increase by 1.3 percent over the last year. Future job growth over the next ten years is predicted to be 31.2 percent, which is lower than the US average of 33.5 percent. The biggest industries in Norfolk, VA are Health Care & Social Assistance (13,900 people), Accommodation & Food Services (11,400 people), and Retail Trade (11,967 people), and the highest paying industries are Professional, Scientific, & Technical Services ($56,554 dollars), Utilities ($51,571 dollars), and Mining, Quarrying, & Oil & Gas Extraction ($51,250 dollars).

Households in Norfolk, VA have a median annual income of $47,137 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $45,268 dollars in 2016, which represents a 4.13 percent annual growth.


Tax Rates for Norfolk

– The Sales Tax Rate for Norfolk is 6.0 percent.

– The Income Tax Rate for Norfolk is 5.8 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Norfolk

– The average earnings of a Norfolk resident are $24,252 dollars a year.

– The Median household earnings of a Norfolk resident is $44,150 dollars a year.