Compensation and Benefits Managers Salary in Richmond, VA
Compensation and Benefits Managers in Richmond, VA make a median of $163,480 a year, or about $78.6 an hour. Entry-level workers start around $101K. (BLS did not publish a top-end figure for this area.) Adjusted for local prices (RPP 97.86), that's roughly $167,055 in purchasing power. Rent on a 2-bedroom averages $1,655/month, or 16.7% of estimated take-home pay.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $163K get you in Richmond?
About compensation and benefits managers
Compensation breakdown
Annual earnings by percentile, Richmond, VA
Entry-level compensation and benefits managers (10th percentile) start around $101K. Mid-career wages sit at $163K.BLS did not publish 90th percentile data for this occupation in this area (sample size too small).
Compensation and Benefits Managers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Washington | $206K | +47% | 510 |
| Rhode Island | $183K | +30% | 40 |
| New Jersey | $183K | +30% | 810 |
| Massachusetts | $182K | +30% | 670 |
| New York | $176K | +26% | 1,760 |
| Virginia | $171K | +22% | 480 |
| District of Columbia | $161K | +15% | 150 |
| California | $161K | +15% | 2,840 |
| Connecticut | $147K | +5% | 330 |
| Oregon | $146K | +4% | 230 |
| Minnesota | $144K | +3% | 310 |
| Maryland | $144K | +3% | 370 |
| Maine | $143K | +2% | 40 |
| Wisconsin | $142K | +1% | 450 |
| Georgia | $141K | +1% | 870 |
Track compensation and benefits managers salary changes
BLS updates this data quarterly. We'll email you when Richmond numbers change.
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Frequently asked questions
How much do compensation and benefits managers make in Richmond, VA?
The median is $163,480 a year - that works out to about $78.6 an hour. The range is wide: entry-level workers start around $100,660. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $163K enough to live in Richmond?
On that salary, you'd take home roughly $9,467/month after taxes. A 2-bedroom here rents for about $1,655/month (HUD Fair Market Rent), which eats 17.5% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a compensation and benefits managers salary go in Richmond?
Richmond has a Regional Price Parity of 97.86 (100 is the national average). That's below average - your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median compensation and benefits managers salary is worth about $167,055 in national-average purchasing power.
Where do compensation and benefits managers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.