Newport News, VA - About Us | Economy

NNEDA/NNIDA > economy > competitiveness > cost comparison

		Economic Base

		Economic Growth

		Largest Employers

		International Firms

		Competitiveness

		Recent Announcements

COST COMPARISON : Newport News and selected Large Cities

WAGES*

in Newport News are:

• 55% lower than in San Jose, CA
• 35% lower than in Boston, Newark and Washington, D.C.
• 30% lower than in Chicago
• 25% lower than in Atlanta, Long Island, and Philadelphia

*Source: U. S. Bureau of Labor Statistics
*Average annual pay for all covered workers, 2001

CONSTRUCTION COSTS

in Newport News are:

• 40% lower than in New York City and Long Island
• 30% lower than in Boston, Chicago and San Jose
• 25% lower than in Newark and Philadelphia
• 15% lower than in Washington, D.C.
• 10% lower than in Atlanta

*Source: Means, 2003

ELECTRIC POWER

in Newport News are:

• 55% lower than in California
• 45% lower than in New Jersey
• 30% lower than in Illinois and Pennsylvania
• 20% lower than in New York
• 5% lower than in Georgia

*Source: Energy Information Administration, 2002
*Average industrial bill

HOUSING COSTS

in Newport News are:

• 80% lower than in New York City
• 75% lower than in San Francisco
• 55% lower than in Chicago
• 50% lower than in Boston, Long Island and Washington, D.C.
• 35% lower than in Philadelphia

*Source: American Chamber of Commerce, 2002

HEALTH CARE COSTS

in Newport News are:

• 40% lower than in New York City
• 35% lower than in San Francisco
• 30% lower than in Boston, Chicago, Long Island and Philadelphia
• 25% lower than in Washington, D.C.
• 5% lower than in Atlanta

*Source: American Chamber of Commerce, 2002

TAXES*

in Newport News are:

• 50% lower than in Pennsylvania and Ohio
• 40% lower than in South Carolina
• 35% lower than in Massachusetts
• 25% lower than in Illinois
• 20% lower than in New York and North Carolina

*Source: KPMG Peat Marwick
*State and Local Tax Burden on Business

OVERALL COST OF LIVING

in Newport News are:

• 55% lower than in New York City
• 50% lower than in San Francisco
• 30% lower than in Boston, Long Island and Washington, D.C.
• 20% lower than in Philadelphia

*Source: American Chamber of Commerce, 2002

OVERALL COST OF DOING BUSINESS

in Newport News are:

• 35% lower than in New York City
• 25% lower than in Washington, D.C., Long Island and Boston
• 20% lower than in Chicago and Philadelphia

*Source: Regional Finance Associates

return to top