York County · Virginia · South · 138k residents
Hampton, VA: economy, jobs & business costs
The site-selection read on Hampton: labor costs, talent, corporate tax, energy, and business activity, with the Virginia median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,080/wk. Virginia's corporate income tax rate is 6%. Commercial electricity averages 8.7¢/kWh.
Compare Hampton side by side
Avg. weekly wage
$1,080/wk
Corporate income tax
6%
Bachelor's degree or higher
28.5%
Commercial electricity
8.7¢/kWh
Economic momentum
How fast Hampton's economy is moving, ranked against the US cities we track.
84/100
Heating
Ranks Hampton's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $245,700 |
| Price per sq. ft. | $220 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $1,234/mo |
| 2-bedroom rent | $1,361/mo |
| State & local income tax | 4.36% |
| Sales tax | 5.75% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,080/wk |
| Bachelor's degree or higher | 28.5% |
| Commercial electricity | 8.7¢/kWh |
| Businesses per 1k residents | 24.3/1k |
| Wage: Software developer | $129,090 |
| Wage: Registered nurse | $89,450 |
| Wage: General manager | $100,340 |
| Wage: Customer service | $38,150 |
| Wage: Warehouse worker | $35,120 |
| Wage: Heavy truck driver | $50,460 |
| Wage: Electrician | $62,350 |
| Wage: Retail salesperson | $30,820 |
| Cost of living index | 93 |
| Groceries index | 100 |
| Utilities | $175/mo |
| Transit pass | $70/mo |
| Gas price | $3.15/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,250/mo |
| Median household income | $69,621 |
| Unemployment rate | 2.9% |
| Population | 138k |
| Crime index | 32/100 |
| School rating | 6.8/10 |
| Walkability | 38/100 |
| Disaster risk | 45/100 |
| Avg. commute | 28 min |
| Sunny days / year | 210 days |
| July high | 87°F |
| January low | 32°F |
| Annual snowfall | 3 in |
| Home price YoY | +0.2% |
| Home price MoM | -0.2% |
| Rent YoY | +6.0% |
| Rent MoM | +0.7% |
| Employment (jobs) YoY | +1.7% |
| Building permits YoY | +47.1% |
| Ocean coast | 29 mi |
| Big lake | 93 mi |
| Mountains | 146 mi |
| Major airport | 18 mi |
| Ski resort | 148 mi |
Popular comparisons
Nearby
- Newport News, VA · 184k
- Suffolk, VA · 99k
- Norfolk, VA · 234k
- Portsmouth, VA · 97k
- Williamsburg, VA · 16k
Similar size
- Alexandria, VA · 157k
- Roanoke, VA · 98k
- Lynchburg, VA · 79k
- Centreville, VA · 72k
- Dale City, VA · 71k
Real listings in Hampton
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Hampton a good place to run a business?
- Virginia's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,080/wk; commercial electricity averages 8.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Hampton, VA?
- Hampton indexes at 93 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,361/mo and a acs median home value of $245,700.
- How much does a house cost in Hampton?
- The acs median home value in Hampton is $245,700 (Census ACS estimate; individual listings vary).
- How much is rent in Hampton?
- A two-bedroom in Hampton rents for about $1,361/mo.