Portsmouth By The Numbers
We know that the decision to start or locate your business in a certain city is based on a number of things – quality of life for employees, taxes, population and talent pipeline, availability of training, and so much more.
Portsmouth offers the robust infrastructure of a large scale city while maintaining the quality of life of a small-to-mid-size city. We have highly skilled tradespeople, well-educated professionals, and strong partnerships with the many education institutions across the region.
Take a look at some of our key data and let us know how we can help with your decision-making.
Key Industries
The City of Portsmouth serves a wide range of growing industries. The Economic Development team is committed to supporting and building a diverse, innovative, and talent-focused economy that enhances the quality of life for both Portsmouth residents and visitors, across all socioeconomic levels.
Our location in both the middle of Hampton Roads and in the center of the east coast gives way to natural key industries such as maritime and logistics, advanced manufacturing and offshore wind. We are to support technical innovations through our data center, information services, and modeling and simulation clusters.
From advanced manufacturing for national defense clients to small businesses and specialty retail supporting niche markets, the City of Portsmouth offers a robust environment to start, locate, and grow your business.
- Maritime
- Transportation and Logistics
- Offshore Wind
- Unmanned Systems
- Advanced Manufacturing
- Small Business
Key Stats
| Total Population | 97,915 | 8,631,393 |
| Median Age |
35.3 |
38.5 |
| Median Household Income | $52,175 | $76,456 |
| Median Household Value | $205,400 | $329,200 |
| Cost of Living |
89.6 | $180,569 |
Notable Projects
The City of Portsmouth has plenty of project momentum. From the 50-acre Casino and Entertainment District to the $100+ million investment in offshore wind to enhancing advanced manufacturing and maritime offerings, there is dirt-moving throughout the city.
Economic Profile
Portsmouth is proud to have a diverse and strong economy that offers many amenities and opportunities to its business and private citizens.
Demographics
The City of Portsmouth is made up of talented professionals, passionate artists, and engaged citizens.
Tax Structure
Portsmouth's tax structure is designed to support the growth and development of the city while offering world-class amenities for business and private citizens.
Utilities & Infrastructure
With two port facilities, plentiful rail access, waterfront project sites, and a comprehensive road and utility network, your business is sure to have what it needs.
Community & Lifestyle
Offering a small-town feel with all of the big city amenities you could want, the City of Portsmouth is the perfect place to live, work, play, and do business.