Newport News, Virginia Income Statistics
Newport News Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Newport News Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Newport News | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,337 | $93,527 | $80,455 |
| Median Personal Income | $51,993 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.3% | 4.8% |
| Six-Figure Earners | 9.4% | 18.3% | 13.9% |
| $200k+ Households | 5.9% | 17.7% | 13.2% |
The median household income in Newport News is about 26% lower than in Virginia. Income has been growing slower in Newport News (4.2%/yr) than in Virginia (4.3%/yr).
About 9% of adults in Newport News earn six figures ($100,000 or more) a year, lower than the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Newport News, Virginia grew by 44.0% from 2009 to 2024, reaching $69,337 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Newport News
| Metric | Newport News | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.544 | 0.552 |
| Male Median Income | $60,781 | $78,585 | $69,667 |
| Female Median Income | $48,749 | $62,626 | $56,850 |
| Gender Pay Gap | 19.8% | 20.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Newport News, it is 0.523, lower than Virginia's 0.544, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 25% more than women's income in Newport News, Virginia. Over a 35-year career, a 25% wage gap accumulates to roughly $421,120 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Newport News, Virginia has narrowed from about 23% to 20% in 2024. Over that period the gap was widest at 26% in 2012, and was narrowest at 18% in 2017. In dollar terms, the gap has widened by $2,245 since 2009.
Employment
| Metric | Newport News | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 4.1% | 5.2% |
| Working from Home | 10.2% | 18.3% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 5,166 people are unemployed in Newport News, Virginia.
The average commute time in Newport News is 20 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Newport News, Virginia has fallen from 8.0% to 5.3% in 2024. Over that period the rate peaked at 8.9% in 2013 and fell as low as 5.1% in 2022.
Conclusion
Considering all these factors, Newport News, Virginia has an overall wealth index grade of C, making it somewhat worse than Virginia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Newport News, Virginia.
How Rich Is Newport News, Virginia?
Newport News has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $69,337, about 26% lower than the Virginia average of $93,527.
Are incomes growing in Newport News, Virginia?
Between 2009 and 2024, the median household income in Newport News, Virginia rose 44%, from $48,150 to $69,337. Over the same years, income here lagged behind Virginia as a whole: +44% against +55%.
What was the median household income in Newport News in 2023?
In 2023, the median household income in Newport News, Virginia was $66,540, up 5% from $63,123 in 2022. The Virginia median that year was $91,420.
What was the median household income in Newport News in 2020?
In 2020, the median household income in Newport News, Virginia was $55,277. By 2024 it had risen 25% to $69,337.
Is unemployment high in Newport News, Virginia?
Unemployment in Newport News, Virginia is 5.3%, well above the Virginia rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Newport News, Virginia?
The Gini coefficient in Newport News is 0.523. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Newport News, Virginia?
Since 2009, the income gap between men and women in Newport News, Virginia has narrowed from about 23% to 20% in 2024. Over that period the gap was widest at 26% in 2012, and was narrowest at 18% in 2017. In dollar terms, the gap has widened by $2,245 since 2009.
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