The annual salary statistics of personal financial advisors in Virginia Beach-Norfolk-Newport News, Virginia is shown in Table 1. The wage statistics of personal financial advisors in Virginia Beach-Norfolk-Newport News is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $38,330 |
| 25th Percentile Wage | $55,890 |
| 50th Percentile Wage | $76,840 |
| 75th Percentile Wage | $139,400 |
| 90th Percentile Wage | $176,070 |
Table 1 shows the average annual salary for personal financial advisors 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 $176,070. The median (50th percentile) annual salary is $76,840. The average annual salary for the bottom 10 percent earners is $38,330.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $76,840 | -9.14% | 24.57% |
| 2021 | $83,860 | -62.64% | - |
| 2020 | $136,390 | 2.30% | - |
| 2019 | $133,250 | 36.72% | - |
| 2018 | $84,320 | -2.70% | - |
| 2017 | $86,600 | -0.90% | - |
| 2016 | $87,380 | 27.01% | - |
| 2015 | $63,780 | 9.38% | - |
| 2014 | $57,800 | 2.68% | - |
| 2013 | $56,250 | -3.04% | - |
| 2012 | $57,960 | - | - |
From Table 3 we note that the median annual salary of $76,840 in Virginia Beach-Norfolk-Newport News is in the middle of salary range for personal financial advisors in state of Virginia. In comparison, the annual salary of personal financial advisors in Virginia Beach-Norfolk-Newport News is 21.0 percent (21.0%) lower than that in the highest paying Richmond and 51.3 percent (51.3%) higher than that in the lowest paying Northwestern Virginia nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Richmond | |
| Charlottesville | |
| Southwestern Virginia nonmetropolitan area | |
| Harrisonburg | |
| Roanoke | |
| Northeastern Virginia nonmetropolitan area | |
| Virginia Beach-Norfolk-Newport News | |
| Lynchburg | |
| Staunton-Waynesboro | |
| Blacksburg-Christiansburg-Radford | |
| Kingsport-Bristol-Bristol | |
| Southside Virginia nonmetropolitan area | |
| Northwestern Virginia nonmetropolitan area |