Business & Finance Norfolk, VA Pop. 238,005

Financial Advisor Salary in Norfolk, Virginia

The median financial advisor salary in Norfolk, VA is $96,344 per year, which is 1.0% above the national median and 7.3% below the Virginia state average.

City Median
$96,344
vs State Avg
$-7,631
vs National
+$954
Cost of Living
96%

Financial Advisor Salary in Norfolk by Experience

In Norfolk, an entry-level financial advisor earns around $48,480, while experienced professionals earn up to $181,800 per year. The local cost of living index is 96% of the national average.

Entry Level (0-2 yrs)
$48,480
+$480 vs national
Mid Level (3-7 yrs)
$95,950
+$950 vs national
Senior Level (8+ yrs)
$181,800
+$1,800 vs national

Salary Percentiles in Norfolk, VA

Percentile Norfolk
10th Percentile $44,844
25th Percentile $63,024
Median (50th) $96,344
75th Percentile $150,490
90th Percentile $241,390

Financial Advisor Salary in Other Virginia Cities

Arlington, VA
$130,684
Pop. 238,643
Virginia Beach, VA
$102,067
Pop. 449,974
Richmond, VA
$100,160
Pop. 226,610
Chesapeake, VA
$98,252
Pop. 249,422

How to Become a Financial Advisor in Norfolk

Education

Most financial advisor positions require a bachelor's degree. Norfolk and the surrounding Virginia area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Norfolk may vary based on local industry and population growth.