The annual salary statistics of financial managers in Virginia Beach-Norfolk-Newport News, Virginia is shown in Table 1. The wage information of financial managers in Virginia Beach-Norfolk-Newport News is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $78,860 |
| 25th Percentile Wage | $99,290 |
| 50th Percentile Wage | $124,320 |
| 75th Percentile Wage | $160,170 |
| 90th Percentile Wage | $207,950 |
Table 1 shows the average annual salary for financial managers in Virginia Beach-Norfolk-Newport News, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $207,950. The median (50th percentile) annual salary is $124,320. The average annual salary for the bottom 10 percent earners is $78,860.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $124,320 | 3.23% | 21.11% |
| 2018 | $120,310 | 1.90% | - |
| 2017 | $118,020 | 1.58% | - |
| 2016 | $116,150 | -0.65% | - |
| 2015 | $116,900 | 4.37% | - |
| 2014 | $111,790 | 2.13% | - |
| 2013 | $109,410 | 10.36% | - |
| 2012 | $98,080 | - | - |
From Table 3 we note that the median annual salary of $124,320 in Virginia Beach-Norfolk-Newport News is in the middle of salary range for financial managers in state of Virginia. In comparison, the annual salary of financial managers in Virginia Beach-Norfolk-Newport News is 16.4 percent (16.4%) lower than that in the highest paying Richmond and 30.6 percent (30.6%) higher than that in the lowest paying Southside Virginia nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Richmond | |
| Staunton-Waynesboro | |
| Charlottesville | |
| Blacksburg-Christiansburg-Radford | |
| Virginia Beach-Norfolk-Newport News | |
| Lynchburg | |
| Harrisonburg | |
| Roanoke | |
| Danville | |
| Northwestern Virginia nonmetropolitan area | |
| Northeastern Virginia nonmetropolitan area | |
| Kingsport-Bristol-Bristol | |
| Southwestern Virginia nonmetropolitan area | |
| Southside Virginia nonmetropolitan area |