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Our experienced research team is committed to accuracy.

HREDA is actively engaged in collecting and producing key data for its partners and prospective clients. With access to many industry-renowned sources, as well as working partnerships with local research organizations, the breadth of available information will clearly demonstrate why Hampton Roads is the ideal location for business.

Browse our research categories to find detailed information related to all of your business development needs. All of our data is derived from analytical software, monthly and quarterly updates, and the most recent annual reports.

Download HREDA's complete IEDC Standard Data as a PDF
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Demographic
Population
1.7M 1,725,000
Median Age
36 years old
Percent of Population 18-34
26 percent
Median Household Income
$54.5 thousand
Economic Modeling Specialists International (EMSI) 2015, ESRI Business Analyst Online (ESRI), 2015 Forecast

 

Talent
Civilian Labor Force
838K 838,400
% Population w/Bachelor's Degree or Higher
30 percent
% Graduates w/ STEMH Degree
31.3 percent Science, Technology, Engineering, Math, or Healthcare, '14-15
% of Population w/ Postgraduate Degree
11 percent
U.S. Bureau of Labor Statistics (BLS), April 2016; ESRI; State Council for Higher Education; ESRI

 

Economic
Labor Force Participation Rate
67.2 percent
Unemployment Rate
4.5 percent
Gross Regional Product
$90.7 billion
Port of Virginia
2.5M TEUs
Hampton Roads Planning District Commission (HRPDC), 2015; BLS; Old Dominion University, Bureau of Economic Analysis; Port of Virginia, 2015

 

Quality of Life
Per Capita Income
$28.2 thousand
Cost of Living Composite Index
97.1 National Average = 100
Average Commute Time
24 minutes
Average Number Sunny Days
219 days
HRPDC; City Council for Community and Economic Research, Q2 2016; HRPDC; National Oceanic and Atmospheric Administration (NOAA), 2014

 

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