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Norfolk is a bustling city almost entirely surrounded by water, with Hampton Roads and the James River due west and Chesapeake Bay lying to the north. With Virginia Beach and Newport News, Norfolk makes up the largest metropolitan area in Virginia. Its coastal location influences the local job opportunities and recreational opportunities. Norfolk's also home to a range of cultural attractions such as museums, performing arts venues and festivals, including Harborfest and the Bayou Boogaloo and Cajun Food Festival.
The cost of living in Norfolk is moderate for large coastal cities on America's East Coast, and 1.4 percent lower than the United States average. A typical family home in Norfolk will set you back $173,500. The property market has experienced a modest growth of 2.1 percent in the last year.
NORFOLK, VA JOB OPPORTUNITIES
Norfolk's harbor is at the heart of many of the city's job opportunities. It's home to Naval Station Norfolk, a United States Navy installation. The station is the headquarters of the Atlantic Fleet, the Allied Command Transformation and the United States Joint Forces Command. Norfolk also has a large shipping and shipbuilding industry, and a thriving fishing sector. The Nauticus National Maritime Center and Hampton Roads Naval Museum celebrate the area's history while providing tourism jobs for locals.
Tourism is a growing industry for Norfolk, which has benefited from constructing a cruise ship pier and improving its downtown area. Norfolk's retail outlets often call for cashiers. Managers and assistant managers are also in demand in stores, as well as local hotels, restaurants and tourist attractions.
NORFOLK, VA EMPLOYMENT TRENDS
Norfolk has an unemployment rate of six percent, just below the national average. However, job opportunities in Norfolk are increasing more rapidly than in other cities across the country. It saw strong job growth of 1.72 percent in the last 12 months.