Financial Advisor Salary in Virginia: Cost of Living Adjusted (2024)

What does a Financial Advisor 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

$99,990

Median annual (2024)

→ -2.1%

Real Purchasing Power

$97,933

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 Financial Advisor earning $99,990 in Virginia has the equivalent purchasing power of $97,933 in an average-cost US state.

VA: 102.1

Cheapest (~85) US Avg (100) Priciest (~115)

Key Insight

Virginia's cost of living is close to the national average, so $99,990 keeps most of its value at $97,933 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Financial Advisor (After Cost of Living)

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

1. New York

$156,105

RPP 107.6

2. Idaho

$148,627

RPP 91.8

3. South Dakota

$140,204

RPP 88.0

4. Delaware

$130,785

RPP 98.0

5. Wisconsin

$125,330

RPP 92.3

6. Maryland

$116,676

RPP 105.0

7. California

$114,355

RPP 112.5

8. New Jersey

$113,685

RPP 108.8

9. Kansas

$112,011

RPP 90.0

10. North Dakota

$111,600

RPP 88.7

Virginia ranks #20 out of 46 states for Financial Advisor after cost-of-living adjustment.

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Frequently Asked Questions

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

A Financial Advisor in Virginia earns a median salary of $99,990 per year. After adjusting for Virginia's cost of living (RPP=102.1), the real purchasing power is $97,933 — 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 Financial Advisor in Virginia: $99,990 x (100 / 102.1) = $97,933. 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 Financial Advisor's nominal salary of $99,990 in Virginia has 2.1% less purchasing power due to higher living costs. The real value is $97,933. However, Virginia may offer better career opportunities, networking, and industry access.