Skip to main content
Portsmouth Header


Portsmouth boasts 90 miles of shoreline, and 360 degrees of opportunity. The City’s landscape is surrounded by water and has attracted the industrial maritime industry and related trades for three centuries. The U.S. Navy’s oldest and largest industrial facility – the Norfolk Naval Shipyard – has spurred many private-sector business opportunities in ship repair. The Port of Virginia operates two terminals in Portsmouth – Portsmouth Marine Terminals (PMT) and the Virginia International Gateway (VIG). Economic development tools like the state-designated Enterprise Zone program and locally-funded incentives attract new businesses to Portsmouth, as well as encourage the growth of existing industries.

Economic Area Population 
Portsmouth 94,333
Virginia 8,576,326
United States 329,399,330

Economic Modeling Specialists International (EMSI), 2019 Forecast 

Percent of Population by Age Group
Age Range Percent of Population
Under 18 23.2%
18-34 24.8%
35-54 24.5%
55+ 27.5%
Median Age 36.5
Male 48.1%
Female 51.9%

Esri Business Analyst Online 2016 Detailed Age Profile

Median Household Income
Year Amount
2016 $ 45,086
2021 Forecast $ 42,897

Esri Business Analyst Online, 2016 forecast

Educational Attainment Ages 25+
​Portsmouth Percent
At Least a High School Diploma 83.80%
At Least Some College 55.3%
Bachelor's Degree or Higher 20.90%
United States  
At Least a High School Diploma 87.18%
At Least Some College 59.60%
Bachelor's Degree or Higher 30.45%

Esri Business Analyst Online 2016 Market Profile

Labor Force
Civilian Labor Force 43,650
Employed 41,330
Unemployed 2,320
Unemployment Rate 5.3%

U.S. Bureau of Labor Statistics, November 2017

Largest Employment by Industry Sector
Industry Number of Employees Percent of Workforce
Government 18,402 42.83%
Health and Social Assistance 7,056 16.42%
Retail Trade 3,102 7.22%
Accommodation and Food Services 2,222 5.17%
Construction 2,178 5.07%
Administrative Support 1,901 4.42%

Virginia Employment Commission, Q3 2016

Largest Private Employers
Bon Secours Health Systems
Virginia International Gateway (VIG)
Ceres Marine Terminals
Pines Residential Treatment
Metro Machine Corp.
Contact Information
Mr. Robert D. Moore, Director
Portsmouth Economic Development
200 High St, Suite 200
Portsmouth, VA 23704
(P) 757.393.8804
(F) 757-393-8293
2019 PED Logo _horz _reverse
Subscribe to Our Newsletter
Subscribe today to receive valuable, up-to-date insight on the Hampton Roads region.