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Norfolk

Norfolk is a thriving city of some 246,000 residents and more than 100 diverse neighborhoods. It has a vibrant downtown, is home to businesses small and large, hosts the world’s largest naval base and one of the region’s international airports. The city is undergoing a successful renewal, including new office, retail, entertainment and hotel construction, new residential development along the rivers and bay front, and revitalization projects in many of its neighborhoods. From a vibrant arts district and renowned museums to beautiful neighborhoods and one-of-a -kind restaurants, Norfolk hosts everything expected from a world-class city.

Population
Economic Area Population 
Norfolk 246,264
Virginia 8,410,175
United States 319,857,056

Economic Modeling Specialists International (EMSI), 2015

Percent of Population by Age Group
Age Range Percent of Population
Under 18 20.40%
18-34 37.20%
35-54 21.40%
55+ 20.80%
Median Age 30
Gender  
Male 51%
Female 49%

Esri Business Analyst Online 2015 Detailed Age Profile 

Median Household Income
Year Amount
2015 $ 40,015
2020 Forecast $ 44,276

Esri Business Analyst Online, 2015 Forecast

Educational Attainment Ages 25+
Norfolk Percent
At Least a High School Diploma 87.40%
At Least Some College 61.00%
Bachelor's Degree or Higher 26.80%
United States  
At Least a High School Diploma 87.80%
At Least Some College 61.10%
Bachelor's Degree or Higher 30.50%

Esri Business Analyst Online 2015 Market Profile 

Labor Force
  Amount
Civilian Labor Force 109,679
Employed 104,470
Unemployed 5,209
Unemployment Rate 4.7%

U.S. Bureau of Labor Statistics, April 2016 

Largest Employment by Industry Sector
Industry Number of Employees Percent of Workforce
Government 34,032 32.00%
Healthcare and Social Assistance 20,443 19.17%
Retail Trade 11,728 11.00%
Accommodation and Food Services 10,624 9.96%
Professional, Scientific, & Technical Services 8,464 7.94%
Transportation & Warehousing 8,020 7.52%

Virginia Employment Commission, 2015

Largest Private Employers
Employer
Sentara Healthcare
Children’s Hospital of the King’s Daughters
BAE Systems Norfolk Ship Repair
Eastern Virginia Medical School
Bank of America
Contact Information
Mr. Chuck Rigney, Director
City of Norfolk Department of Development
500 East Main Street, Suite 1500
Norfolk, Virginia 23510
(P) 757-664-4763
(F) 757-441-2910
www.norfolkdevelopment.com
charles.rigney@norfolk.gov
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