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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
1.75M 1,752,000
Median Age
36 years old
Percent of Population 18-34
27.1 percent
Median Household Income
$58.6 thousand
Economic Modeling Specialists International (EMSI) 2016, ESRI Business Analyst Online (ESRI), 2016 Forecast

 

Talent
Civilian Labor Force
830K 830,400
% Population w/Bachelor's Degree or Higher
30.9 percent
% Graduates w/ STEMH Degree
31.3 percent Science, Technology, Engineering, Math, or Healthcare, '14-15
% of Population w/ Postgraduate Degree
12.1 percent
U.S. Bureau of Labor Statistics (BLS), January 2017; ESRI; State Council for Higher Education; ESRI 2016 Forecast

 

Economic
Labor Force Participation Rate
66.8 percent
Unemployment Rate
4.7 percent
Gross Regional Product
$95.7 billion
Port of Virginia
2.6M TEUs
Hampton Roads Planning District Commission (HRPDC), 2016; BLS January 2017; Old Dominion University, Bureau of Economic Analysis; Port of Virginia, 2016

 

Quality of Life
Per Capita Income
$29.3 thousand
Cost of Living Composite Index
99.4 National Average = 100
Average Commute Time
24 minutes
Average Number Sunny Days
219 days
ESRI 2016 Forecast; City Council for Community and Economic Research, Q3 2016; HRPDC; National Oceanic and Atmospheric Administration (NOAA), 2014

 

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