Financial Managers Salary
Financial Managers in Virginia make a median of $185,220 a year, or about $89.05 an hour. The range runs from $109K at the entry level to $323K for experienced workers. Cost of living is below average (RPP 94.79), which stretches that salary to about $195,400 in buying power. Rent on a 2-bedroom averages $1,646/month, or 15.2% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Virginia. Jump to a metro for precise data:
So what does $185K get you in Virginia?
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What this looks like in Virginia
Virginia sits well above the national pay line for financial managers, local pay runs about 11% higher than the U.S. median of $167K. Housing is manageable: a 2-bedroom at the HUD median costs $1,646/month, 15.5% of take-home, well inside the 30% guideline. Regional Price Parity sits at 94.79 (national = 100), meaning everyday costs run about 5% cheaper here. Your dollar stretches further than the headline salary suggests. Combined with manageable housing costs, Virginia offers a genuinely strong financial position for financial managerss at the median.
Compensation breakdown
Annual earnings by percentile, Virginia
Entry-level financial managers (10th percentile) start around $109K. Mid-career wages sit at $185K. Top earners bring in $323K or more, a $215K spread from bottom to top.
Financial Managers salary by metro in Virginia
9 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Richmond | $173K | -7% | 3,480 |
| Charlottesville | $170K | -8% | 450 |
| Virginia Beach-Chesapeake-Norfolk | $164K | -11% | 2,290 |
| Roanoke | $158K | -15% | 490 |
| Lynchburg | $155K | -16% | 220 |
| Winchester | $152K | -18% | 270 |
| Harrisonburg | $148K | -20% | 140 |
| Blacksburg-Christiansburg-Radford | $140K | -25% | 210 |
| Staunton-Stuarts Draft | $137K | -26% | 120 |
Compare to other states
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BLS updates this data quarterly. We'll email you when Virginia numbers change.
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Frequently asked questions
Can a financial manager afford a 2BR apartment alone in Virginia?
Yes — at the median salary of $185K, rent takes 15.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,646/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial managers in Virginia?
The 10th-percentile wage — what new financial managers typically earn — is $109K/year. Take-home on that works out to about $6,526/month. At HUD’s $1,646/month FMR, rent would take 25% of that take-home — manageable on an entry-level income.
Is financial manager a high-paying job in Virginia?
Local pay is 11% above the national median — $185K here vs. $167K nationally.
How does Virginia compare to the national average for financial managers?
Virginia pays $185K median vs. the U.S. average of $167K — that’s +11%. After adjusting for local cost of living (RPP 94.79), the purchasing-power equivalent is $195K — still ahead of the national median.
How much do financial managers make in Virginia?
The median is $185,220 a year, that works out to about $89 an hour. But the range is wide: entry-level workers start around $108,760, and experienced financial managers can clear $323,300. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $185K enough to live in Virginia?
On that salary, you'd take home roughly $10,649/month after taxes. A 2-bedroom here rents for about $1,646/month, which eats 15.5% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial managers salary go in Virginia?
Virginia has a Regional Price Parity of 94.79 (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 financial managers salary is worth about $195,400 in national-average purchasing power.
Where do financial 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.