Average Financial and Investment Analysts Salary in Richmond, VA
Financial and Investment Analysts in Richmond, VA, earn an impressive average annual salary of $120,310. This figure slightly surpasses the national average of $117,950, indicating a competitive market. The specific economic landscape and demand within Richmond's financial sector likely contribute to this favorable compensation.
Executive Summary
- Average Salary: $120,310 per year.
- Growth Trend: Salaries have shifted 21.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $192,540.
- Outlook: With a local workforce of 1,420 Financial and Investment Analysts and a Location Quotient of 0.99, Richmond, VA, presents a stable job market for these professionals. While the concentration is nearly on par with the national average, the consistent presence of over a thousand analysts suggests a steady demand and a well-established industry presence.
Salary Overview
The average Financial and Investment Analysts in Richmond, VA earns+2.0%above the national average.
$57.8
$2,314
$10,026
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial and Investment Analysts in Richmond, VA, have experienced consistent growth over the past four years, mirroring national trends. This growth is typically driven by increasing demand for financial expertise, evolving market complexities, and inflation adjustments.
Financial and Investment Analysts Salary Distribution in Richmond, VA
Salary progression for Financial and Investment Analysts in Richmond, VA, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and a proven track record can expect to earn significantly more, often reaching the higher percentiles. The widening gap between entry-level and senior salaries reflects the value placed on accumulated knowledge and strategic insight.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $66,740 | $32.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,233 | $43.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,800 | $50.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $150,388 | $72.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $192,540 | $92.6 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$120,310
Gross Pay
Real Wage (Purchasing Power)
$120,310
Adjusted for COL (100)
The average annual salary of $120,310 in Richmond, VA, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an analyst's salary in Richmond is equivalent to the national average, offering a balanced financial environment for residents.
Job Market Context
1,420
Total Jobs
2.179
Per 1K Jobs
0.99
Location Quotient
Richmond, VA has 0.99x the national average concentration of Financial and Investment Analysts jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.99 for Financial and Investment Analysts in Richmond, VA, indicates that the concentration of these professionals in the area is very close to the national average. This suggests a balanced job market where opportunities are neither overly scarce nor excessively abundant, providing a competitive yet accessible environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Northern West Virginia nonmetropolitan area Financial and Investment Analysts Salary | $63,190↓ 47% | 41 mi |
| Southwest Virginia nonmetropolitan area Financial and Investment Analysts Salary | $102,590↓ 15% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Richmond, VA?
The median annual salary for a Financial and Investment Analysts in Richmond, VA is $120,310. This typically ranges from $66,740 for entry-level positions to $192,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 2.0% higher than the national median of $117,950.
Is Richmond, VA a lucrative place for Financial and Investment Analysts?
Yes, Richmond, VA offers a lucrative environment for Financial and Investment Analysts.The average salary of $120,310 slightly exceeds the national average, and the cost of living is exactly at the national average, making it a financially advantageous location.
Is Richmond, VA a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Northern West Virginia nonmetropolitan area ($63,190) and Southwest Virginia nonmetropolitan area.
What is the average salary for a Financial and Investment Analyst in Richmond, VA?
The average annual salary for a Financial and Investment Analyst in Richmond, VA, is $120,310.
How does Richmond, VA's salary compare to the national average?
The average salary in Richmond, VA ($120,310) is slightly higher than the national average ($117,950).
What is the cost of living in Richmond, VA?
Richmond, VA has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Financial and Investment Analyst jobs in Richmond, VA?
The concentration of Financial and Investment Analyst jobs in Richmond, VA, is very close to the national average, with a Location Quotient of 0.99.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,420 employees in the Richmond, VA area with a job density of 2.179 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Richmond, VA