Virginia Beach city, VA
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 36.78, -76.03.
Assembled 2026-10-19. Read the brief.
- 88th pct · 340th of 3,063 US counties · median $230,451
- 78th pct · 29th of 133 Virginia counties · median $309,231
- 70th pct · 6th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $385,676
- 53rd pct · 1,415th of 3,062 US counties · median +2.9%
- 58th pct · 56th of 133 Virginia counties · median +2.8%
- 76th pct · 5th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median +2.5%
- 86th pct · 179th of 1,358 US counties · median $1,506
- 75th pct · 18th of 71 Virginia counties · median $1,806
- 75th pct · 4th of 13 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $2,050
- 94th pct · 184th of 3,221 US counties · median 8,232
- 97th pct · 4th of 133 Virginia counties · median 9,944
- 100th pct · 1st of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median 18,007
- 77th pct · 714th of 3,221 US counties · median $1,039
- 71st pct · 39th of 133 Virginia counties · median $1,048
- 64th pct · 7th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $1,158
- 86th pct · 415th of 3,063 US counties · median 4.2
- 71st pct · 39th of 133 Virginia counties · median 5.4
- 47th pct · 10th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median 6.8
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $424,664 (Sep 2026), +3.1% over one year, +24.6% over five
- 88th pct · 340th of 3,063 US counties · median $230,451
- 78th pct · 29th of 133 Virginia counties · median $309,231
- 70th pct · 6th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $385,676
| Item | Value | Distance |
|---|---|---|
| Virginia Beach city, VA | $424,664 · +3.1% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $2,098/mo (Sep 2026), +7.8% over one year; price-to-rent 16.9
- 86th pct · 179th of 1,358 US counties · median $1,506
- 75th pct · 18th of 71 Virginia counties · median $1,806
- 75th pct · 4th of 13 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $2,050
| Item | Value | Distance |
|---|---|---|
| Virginia Beach city, VA | $2,098/mo · +7.8% 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $2,352 a month on $424,664 at 7.40%, against an average weekly wage worth $5,265 a month: 44.7% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $424,664 × 80% = $339,731, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $2,352/mo principal and interest
- wage share = payment / (avg weekly wage $1,215 × 52 / 12 = $5,265) = 45% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $424,664 / ($1,215 × 52) = 6.7
- price-to-rent = $424,664 / ($2,098 × 12) = 16.9
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
180,830 jobs at 14,412 employers (2026 Q1); +2.2% jobs and +3.4% average weekly wage over the year
- 94th pct · 184th of 3,221 US counties · median 8,232
- 97th pct · 4th of 133 Virginia counties · median 9,944
- 100th pct · 1st of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median 18,007
| Item | Value | Distance |
|---|---|---|
| Virginia Beach city, VA | 180,830 jobs · $1,215/wk · +2.2% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Health care and social assistance | 26,992 | $1,326 | 0.99 | +7.2% |
| Accommodation and food services | 23,581 | $523 | 1.45 | +0.9% |
| Retail trade | 20,858 | $715 | 1.18 | -1.2% |
| Professional and technical services | 14,024 | $2,035 | 1.12 | +3.1% |
| Administrative and waste services | 11,971 | $1,184 | 1.16 | +0.4% |
| Construction | 9,439 | $1,485 | 1.00 | +2.4% |
| Manufacturing | 6,733 | $1,464 | 0.46 | +1.7% |
| Transportation and warehousing | 5,938 | $882 | 0.78 | +0.0% |
| Other services | 5,908 | $812 | 1.09 | +2.8% |
| Finance and insurance | 5,725 | $2,162 | 0.78 | -10.6% |
| Real estate and rental | 4,268 | $1,426 | 1.54 | -1.8% |
| Arts, entertainment and recreation | 3,830 | $487 | 1.29 | +6.1% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D1 moderate drought
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
moderate (0.25)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 / 0.35
Banks & federal dollars #
$9.3 bn in deposits at 64 offices of 17 banks (SOD June 2026); HHI 1,741, moderately concentrated. $10.0 bn federal obligations in FY2026 (contracts $5.6 bn, direct payments $4.4 bn), $55,491 per covered job
| Item | Value | Distance |
|---|---|---|
| TowneBank | $2.9 bn · 30.9% share · 6 offices | |
| Wells Fargo Bank, National Association | $1.7 bn · 18.8% share · 8 offices | |
| Bank of America, National Association | $1.3 bn · 13.5% share · 6 offices | |
| Virginia Beach (City), VA | $10.0 bn FY2026 · $55,491/job | |
| ATLANTIC DIVING SUPPLY, INC. | $4.8 bn · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| TowneBank | $2,878,658,000 | 30.9% | 6 |
| Wells Fargo Bank, National Association | $1,745,703,000 | 18.8% | 8 |
| Bank of America, National Association | $1,258,790,000 | 13.5% | 6 |
| Truist Bank | $1,180,430,000 | 12.7% | 10 |
| PNC Bank, National Association | $516,896,000 | 5.6% | 4 |
| Atlantic Union Bank | $474,060,000 | 5.1% | 4 |
| Southern Bank and Trust Company | $297,907,000 | 3.2% | 3 |
| Dollar Bank, Federal Savings Bank | $269,406,000 | 2.9% | 9 |
| Fulton Bank, National Association | $209,659,000 | 2.3% | 3 |
| First Carolina Bank | $193,817,000 | 2.1% | 1 |
Deposit concentration is 1,741 across 16 banks, which the 1995 Department of Justice bank merger screen calls moderately concentrated.
HHI = Σ (share %)² over 16 banks with deposits in the county = 30.9² + 18.8² + 13.5² + … (13 more) = 1,741
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Department of Defense | $5,352,025,721 |
| Social Security Administration | $2,011,592,141 |
| Department of Health and Human Services | $1,158,176,843 |
| Department of Veterans Affairs | $1,077,704,730 |
| Department of Education | $109,780,647 |
| Department of Justice | $74,369,937 |
| General Services Administration | $54,583,941 |
| Department of Homeland Security | $50,633,666 |
| Department of Housing and Urban Development | $46,315,879 |
| Department of Transportation | $38,918,541 |
| Department of the Treasury | $19,921,280 |
| Railroad Retirement Board | $14,040,495 |
That is $55,491 per covered job, against 180,830 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $10.0 bn / 180,830 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $55,491
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 17.95 | 2026-10-18 | -2.6% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.20 | 2026-10-19 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 7.00 | 2026-10-13 | +133.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 652,115.00 | 2026-09-01 | +0.7% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Virginia Beach city, VA: 10 findings, 10 noted
noteVirginia Beach city, VA's average weekly wage was 3.4% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +3.4 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteVirginia Beach city, VA's covered employment was 2.2% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +2.2 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteVirginia Beach city, VA's typical asking rent rose 0.5% from $2,087 in August 2026 to $2,098 in September 2026, on Zillow ZORI.
Period 2026-09.Show the arithmetic
- +0.5% = (2097.734847748365 - 2087.35296509833) / 2087.35296509833 × 100
- 2097.734847748365 = Zillow ZORI, 2026-09
- 2087.35296509833 = Zillow ZORI, 2026-08
noteVirginia Beach city, VA's covered employment of 180,830 ranks 1st of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro, against a median of 18,007.
Period 2026 Q1.Show the arithmetic
- 100 on the 0-to-100 scale across 18 counties in the Virginia Beach-Chesapeake-Norfolk metro that published jobs.emp
position among the entities that published this metric this period; not an official level
noteVirginia Beach city, VA's covered employment of 180,830 ranks 4th of 133 Virginia counties, against a median of 9,944.
Period 2026 Q1.Show the arithmetic
- 98 on the 0-to-100 scale across 133 Virginia counties that published jobs.emp
position among the entities that published this metric this period; not an official level
Read all 10 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.