Starting a Business in Portsmouth city, VA

What does it cost to start a business in Portsmouth city? Here are the numbers.

Avg Startup Cost

$42,866

Monthly Overhead

$1,838

Est. Break-Even

30 mo

Runway

23 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,838/mo
Median Household Income$57,154
Property Tax Rate1.1%

Population (market size)97,384

Market Context

Median Home Value$213,300
Homeownership Rate56.1%
Median Rent$1,225/mo

CountyPortsmouth city

About Portsmouth city, Virginia

Portsmouth city in Virginia has a population of 97,384 and a median household income of $57,154. The moderate population offers opportunities for niche businesses with less competition.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Portsmouth city

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.