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Accountant Salary in Virginia: Cost of Living Adjusted (2024)

What does a Accountant salary really buy you in Virginia?

Virginia is 2.1% pricier than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$84,190
Median annual (2024)
-2.1%
Real Purchasing Power
$82,458
COL-adjusted (RPP=102.1)

Virginia Cost of Living Index

Virginia's Regional Price Parity (RPP) is 102.1, meaning prices are 2.1% higher the national average. A Accountant earning $84,190 in Virginia has the equivalent purchasing power of $82,458 in an average-cost US state.

VA: 102.1
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Virginia's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $57,150 $55,974 $-1,175
25th Percentile (P25) $66,560 $65,190 $-1,369
Median (P50) $84,190 $82,458 $-1,731
75th Percentile (P75) $109,670 $107,414 $-2,255
90th Percentile (P90) $145,750 $142,752 $-2,997
Key Insight

Virginia's cost of living is close to the national average, so $84,190 keeps most of its value at $82,458 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Accountant (After Cost of Living)

Where does Accountant salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$94,591
RPP 107.6
$93,143
RPP 108.8
$88,281
RPP 109.4
$88,005
RPP 102.3
$87,852
RPP 88.0
$87,595
RPP 109.8
$86,509
RPP 88.8
$86,285
RPP 98.0
$85,998
RPP 104.7
$85,653
RPP 112.5

Virginia ranks #24 out of 50 states for Accountant after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Accountant in Virginia after cost of living?

A Accountant in Virginia earns a median salary of $84,190 per year. After adjusting for Virginia's cost of living (RPP=102.1), the real purchasing power is $82,458 — a -2.1% difference.

Is Virginia expensive to live in?

Virginia's cost of living is 2.1% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Virginia is 102.1 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Accountant in Virginia: $84,190 x (100 / 102.1) = $82,458. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Virginia offset the salary?

Partially — a Accountant's nominal salary of $84,190 in Virginia has 2.1% less purchasing power due to higher living costs. The real value is $82,458. However, Virginia may offer better career opportunities, networking, and industry access.

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