Why these metrics?


Having an abundance of jobs is not necessarily enough to create a thriving local economy if most of the jobs available are low paying. Thus, it is important to use measures which capture not only the sheer number of employment opportunities, but also how well they pay. This is especially significant in a tourism reliant location such as Virginia Beach because tourism related jobs are often low paying and seasonal. As such, it is necessary to create as many high earning jobs as possible to increase the spending power of residents which will in turn, stimulate the local economy.

Average weekly wage helps measure this by broadly illustrating the earning potential of individuals while median household income measures the combined wages of households. These metrics can indicate the relative affluence and prosperity of an area.