Average Financial Specialists, All Other Salary in Virginia
Financial Specialists, All Other in Virginia earn an average annual salary of $92,880, slightly below the national average of $94,320. This marginal difference is often influenced by the specific economic drivers and industry demands within the state, which can create unique compensation structures for specialized financial roles.
Executive Summary
- Average Salary: $92,880 per year.
- Growth Trend: Salaries have shifted 6.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $141,540.
- Outlook: Virginia boasts a robust job market for Financial Specialists, All Other, with a total local workforce of 5,560 individuals. The Location Quotient of 1.66 indicates a significant concentration of these roles compared to the national average, suggesting strong and sustained demand for financial expertise within the state's economy.
Salary Overview
The average Financial Specialists, All Other in Virginia earns-1.5%below the national average.
$44.7
$1,786
$7,740
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Financial Specialists, All Other in Virginia have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing complexity in financial markets, evolving regulatory landscapes, and a consistent demand for skilled professionals to manage and analyze financial data.
Financial Specialists, All Other Salary Distribution in Virginia
Career progression for Financial Specialists, All Other in Virginia typically correlates with experience, leading to significant salary increases. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles, reflecting a clear path for career and earning potential advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,710 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,660 | $33.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,670 | $41.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,100 | $55.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $141,540 | $68 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$92,880
Gross Pay
Real Wage (Purchasing Power)
$91,598
Adjusted for COL (101.4)
With an average annual salary of $92,880 and a Cost of Living Index of 101.4, the purchasing power for Financial Specialists in Virginia is slightly below the national average. While the salary is competitive, the cost of living being marginally higher than the national benchmark means that take-home pay may not stretch as far as in more affordable regions.
Job Market Context
5,560
Total Jobs
1.369
Per 1K Jobs
1.66
Location Quotient
Virginia has 1.7x the national concentration of Financial Specialists, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Virginia's Location Quotient of 1.66 signifies a market where Financial Specialists, All Other are more concentrated than the national average. This suggests a potentially competitive environment for job seekers but also indicates a strong presence and demand for these professionals within the state's economic landscape, offering ample opportunities for those with the right qualifications.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Financial Specialists, All Other Salary | $75,120↓ 19% | 25 mi |
| Richmond, VA Financial Specialists, All Other Salary | $80,550↓ 13% | 41 mi |
| Harrisonburg, VA Financial Specialists, All Other Salary | $69,940↓ 25% | 60 mi |
| Lynchburg, VA Financial Specialists, All Other Salary | $54,360↓ 41% | 61 mi |
Comparing salaries near Virginia
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Virginia?
The median annual salary for a Financial Specialists, All Other in Virginia is $92,880. This typically ranges from $49,710 for entry-level positions to $141,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia is 1.5% lower than the national median of $94,320.
Is Virginia a lucrative place for Financial Specialists, All Others?
Yes, Virginia offers a competitive environment for Financial Specialists, All Others.The state's average salary of $92,880 is strong, and a Location Quotient of 1.66 indicates a higher-than-average concentration of these roles, suggesting robust demand.
Is Virginia a good place to live for Financial Specialists, All Others?
The Cost of Living Index in Virginia is 101.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia?
Some top paying nearby cities include Charlottesville, VA ($75,120) and Richmond, VA.
How does Virginia's cost of living affect a Financial Specialist's salary?
Virginia's Cost of Living Index is 101.4, slightly above the national average. This means the $92,880 salary may have slightly less purchasing power compared to areas with a lower cost of living.
What does the Location Quotient of 1.66 mean for Financial Specialists in Virginia?
A Location Quotient of 1.66 indicates that Financial Specialists, All Other are 66% more concentrated in Virginia than the national average, pointing to strong industry presence and demand.
How many Financial Specialists, All Other are employed in Virginia?
There are approximately 5,560 Financial Specialists, All Other employed within Virginia, representing 1.369 jobs per 1,000 workers in the state.
Is the salary for Financial Specialists, All Other in Virginia higher or lower than the national average?
The average annual salary for Financial Specialists, All Other in Virginia is $92,880, which is slightly lower than the national average of $94,320.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,560 employees in the Virginia area with a job density of 1.369 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 Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Virginia