What does a Loan Officers salary really buy you in Virginia?
Virginia is 2.1% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Virginia's Regional Price Parity (RPP) is 102.1, meaning prices are 2.1% higher the national average. A Loan Officers earning $79,600 in Virginia has the equivalent purchasing power of $77,962 in an average-cost US state.
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) | $42,210 | $41,341 | $-868 |
| 25th Percentile (P25) | $57,200 | $56,023 | $-1,176 |
| Median (P50) | $79,600 | $77,962 | $-1,637 |
| 75th Percentile (P75) | $122,460 | $119,941 | $-2,518 |
| 90th Percentile (P90) | $166,530 | $163,104 | $-3,425 |
Virginia's cost of living is close to the national average, so $79,600 keeps most of its value at $77,962 in real terms. Location choice here is more about career opportunities than cost arbitrage.
Where does Loan Officers salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Virginia ranks #19 out of 50 states for Loan Officers after cost-of-living adjustment.
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A Loan Officers in Virginia earns a median salary of $79,600 per year. After adjusting for Virginia's cost of living (RPP=102.1), the real purchasing power is $77,962 — a -2.1% difference.
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).
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.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Loan Officers in Virginia: $79,600 x (100 / 102.1) = $77,962. This represents what the salary would be worth in a state with average living costs.
Partially — a Loan Officers's nominal salary of $79,600 in Virginia has 2.1% less purchasing power due to higher living costs. The real value is $77,962. However, Virginia may offer better career opportunities, networking, and industry access.