Financial Managers Salary
Financial Managers in Virginia Beach-Chesapeake-Norfolk, VA-NC make a median of $163,940 a year, or about $78.82 an hour. The range runs from $93K at the entry level to $276K for experienced workers. Adjusted for local prices (RPP 97.94), that's roughly $167,388 in purchasing power. Rent on a 2-bedroom averages $1,713/month, or 17.2% of estimated take-home pay.
So what does $164K get you in Virginia Beach-Chesapeake-Norfolk?
Groceries, utilities, transportation, and healthcare scaled from national averages by Virginia Beach-Chesapeake-Norfolk’s Regional Price Parity (97.94). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About financial managers
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
What this looks like in Virginia Beach-Chesapeake-Norfolk
Financial managers pay in Virginia Beach-Chesapeake-Norfolk tracks closely to the national median, $164K locally vs. $167K nationwide, a 2% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,713/month, 18% of take-home, well inside the 30% guideline. Cost of living (RPP 97.94) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for financial managers in metros near Virginia Beach-Chesapeake-Norfolk, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Richmond | $173K | $177K |
| Roanoke | $158K | $169K |
| Charlottesville | $170K | $172K |
| Winchester | $152K | $158K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Virginia Beach-Chesapeake-Norfolk, VA-NC
Entry-level financial managers (10th percentile) start around $93K. Mid-career wages sit at $164K. Top earners bring in $276K or more, a $183K spread from bottom to top.
Financial Managers pay across states
Median income ranked highest to lowest, compared to the national figure
View Financial Managers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $220K | +32% | 80,810 |
| Massachusetts | $207K | +24% | 26,150 |
| New Jersey | $199K | +20% | 32,510 |
| District of Columbia | $189K | +13% | 8,930 |
| Virginia | $185K | +11% | 20,850 |
| Colorado | $183K | +10% | 10,640 |
| Delaware | $182K | +9% | 2,810 |
| California | $181K | +9% | 93,310 |
| Washington | $175K | +5% | 12,930 |
| Connecticut | $175K | +5% | 20,040 |
| Rhode Island | $167K | +0% | 2,570 |
| Georgia | $167K | +0% | 21,390 |
| North Carolina | $167K | +0% | 22,460 |
| Illinois | $166K | -0% | 52,720 |
| Texas | $165K | -1% | 71,870 |
| Minnesota | $163K | -2% | 16,680 |
| South Dakota | $160K | -4% | 1,000 |
| Kansas | $159K | -4% | 5,190 |
| Maryland | $159K | -5% | 19,770 |
| Oregon | $156K | -6% | 7,610 |
| Florida | $153K | -8% | 48,910 |
| Utah | $150K | -10% | 8,860 |
| Pennsylvania | $146K | -13% | 32,180 |
| New Hampshire | $145K | -13% | 4,330 |
| Missouri | $143K | -14% | 13,330 |
| Tennessee | $141K | -15% | 17,630 |
| Ohio | $141K | -15% | 27,360 |
| Alabama | $141K | -16% | 7,200 |
| Nebraska | $140K | -16% | 5,630 |
| Arizona | $140K | -16% | 14,900 |
| Wisconsin | $140K | -16% | 15,530 |
| Michigan | $139K | -16% | 22,490 |
| South Carolina | $136K | -18% | 9,020 |
| North Dakota | $136K | -18% | 2,140 |
| Indiana | $136K | -18% | 12,560 |
| Hawaii | $134K | -19% | 3,790 |
| New Mexico | $134K | -20% | 2,530 |
| Maine | $134K | -20% | 3,120 |
| Iowa | $133K | -20% | 9,130 |
| Nevada | $132K | -20% | 8,090 |
| Oklahoma | $132K | -20% | 6,670 |
| Montana | $131K | -21% | 1,510 |
| Kentucky | $131K | -22% | 6,630 |
| Vermont | $129K | -23% | 1,790 |
| Idaho | $127K | -24% | 3,120 |
| Alaska | $127K | -24% | 2,020 |
| Louisiana | $127K | -24% | 7,070 |
| Wyoming | $125K | -25% | 730 |
| Arkansas | $117K | -30% | 7,120 |
| West Virginia | $113K | -32% | 2,610 |
| Mississippi | $111K | -33% | 3,470 |
Showing 1–10 of 51 (all 50 states + DC)
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Virginia Beach-Chesapeake-Norfolk numbers change.
Related careers in Management
Frequently asked questions
Can a financial manager afford a 2BR apartment alone in Virginia Beach-Chesapeake-Norfolk?
Yes — at the median salary of $164K, rent takes 18% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,713/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial managers in Virginia Beach-Chesapeake-Norfolk?
The 10th-percentile wage — what new financial managers typically earn — is $93K/year. Take-home on that works out to about $5,597/month. At HUD’s $1,713/month FMR, rent would take 31% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is financial manager a high-paying job in Virginia Beach-Chesapeake-Norfolk?
Pay here is roughly in line with the national average — $164K locally vs. $167K nationally, a 2% difference.
How does Virginia Beach-Chesapeake-Norfolk compare to the national average for financial managers?
Virginia Beach-Chesapeake-Norfolk pays $164K median vs. the U.S. average of $167K — that’s -2%. After adjusting for local cost of living (RPP 97.94), the purchasing-power equivalent is $167K — still ahead of the national median.
How much do financial managers make in Virginia Beach-Chesapeake-Norfolk, VA-NC?
The median is $163,940 a year, that works out to about $79 an hour. But the range is wide: entry-level workers start around $93,280, and experienced financial managers can clear $275,850. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $164K enough to live in Virginia Beach-Chesapeake-Norfolk?
On that salary, you'd take home roughly $9,491/month after taxes. A 2-bedroom here rents for about $1,713/month, which eats 18% 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 Beach-Chesapeake-Norfolk?
Virginia Beach-Chesapeake-Norfolk has a Regional Price Parity of 97.94 (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 $167,388 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.