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Virginia Beach

Virginia Beach, Virginia’s most populous city, is a great place to start or expand a business. While regarded as one of the favorite vacation destinations on the East Coast, business leaders across the globe also recognize the benefits of locating a company here. We are home to national and international corporate headquarters, including STIHL, LifeNet Health, Liberty Tax and others, and we are extremely pro-business, knowing how to help companies succeed. Simply put, businesses thrive here. When you consider all that, plus our low tax rate, high-tech infrastructure, attractive cost of living, a growing population of educated and motivated young people, and our beaches, you can understand how this resort city really is America’s next business boomtown.

Economic Area Population 
Virginia Beach 451,160
Virginia 8,576,326
United States 323,772,974

Economic Modeling Specialists International (EMSI), 2019 Forecast 

Percent of Population by Age Group
Age Range Percent of Population
Under 18 24.0%
18-34 28.2%
35-54 26.4%
55+ 21.4%
Median Age 36.1
Male 49.1%
Female 50.9%

Esri Business Analyst Online 2015 Detailed Age Profile

Median Household Income
Year Amount
2016 $ 66,215
2021 Forecast $ 73,190

Esri Business Analyst Online, 2016 Forecast

Educational Attainment Ages 25+
Virginia Beach  
At Least a High School Diploma 94.10%
At Least Some College 72.20%
Bachelor's Degree or Higher 35.30%
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 225,980
Employed 217,820
Unemployed 8,160
Unemployment Rate 3.6%

U.S. Bureau of Labor Statistics, November 2017

Largest Employment by Industry Sector
Industry Number of Employees Percent of Workforce
Government 26,856 14.99%
Accommodation and Food Services 26,353 14.70%
Retail Trade 23,994 13.39%
Healthcare and Social Services 22,714 12.67%
Professional, Scientific, & Technical Services 12,921 7.21%
Administrative Support 11,651 6.50%

Virginia Employment Commission, Q3 2016

Largest Private Employers
Sentara Healthcare
Gold Key PHR
Contact Information
Mr. Taylor Adams, Director
City of Virginia Beach Department of Economic Development
4525 Main Street, Suite 700
Virginia Beach, VA 23462
(P) 757-385-6464
(F) 757.499.9894
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