Financial Managers in Virginia
May 2025 wages · tax year 2026
You keep
$128,019
after federal, FICA and Virginia tax
Tax takes
$57,201
30.9% of the whole
Worth, in national money
$127,067
Virginia costs more than average
On that salary you would be around the 25th percentile for this work in Virginia — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$185,220
Kept after tax
$128,019
Worth in national money
$127,067
State rank
5
of 51 states
What this pays, and what it is worth
- This is a good state for the work. Virginia pays financial managers a middle wage of $185,220, ranking 5 of 51 states and sitting about 11.2% above the national middle.
- Locally, this pays well. Among 489 occupations Virginia reports, financial managers comes in at 10 — comfortably in the upper quarter.
- Cost of living is unremarkable here. From $185,220, tax leaves $128,019, and adjusting for local prices barely moves it — about $127,067 in comparable terms. Averages run higher here, $199,320, since top earners drag the number up.
- Virginia's median for financial managers is $185,220, about 11.2% above the national figure and 5 of 51 states reporting. Whether that premium reaches the worker depends on the two adjustments below, which is the part a wage table cannot tell you.
- Financial managers ranks 10 of 489 occupations by median in Virginia, in the top quartile. Within-state position is largely independent of national position, so this holds regardless of how the state compares to others for the same work.
- Because Virginia sits close to the national price level, the real-terms figure for financial managers — median $185,220 — tracks the post-tax figure closely: $128,019 retained, $127,067 adjusted. ⚠️ Neither is a wage; the second describes what the first buys. Mean pay of $199,320 exceeds the median, so the upper tail is doing the work.
Compare this career across states
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Pay band: Financial Managers
The state median for this job
| Lowest tenth earn under | $108,760 |
|---|---|
| Half earn under | $185,220 |
| Top tenth earn over | $323,300 |
| This salary | $185,220 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Virginia | $128,019 |
|---|---|
| Take-home in Texas | $137,909 |
| Once local prices are leveledBEA price parity | +$14,850 |
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $170,816 |
|---|---|
| You could take a cut of | −$21,048 |
| Prices in Texas | 97 vs 101 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- A median is the middle, not an offer. Half of financial managers in Virginia earn under $185,220 and half over. The published range runs $108,760 at the tenth percentile to $323,300 at the ninetieth. Experience and employer move an individual a long way inside that.
- In Virginia the take-home figure of $128,019, from $185,220, assumes one filer, no dependants, and nothing paid into a pension before tax. Each of those lowers the bill, so treat it as the plain case. City and school-district income taxes are not included either, and in a few states those are real money. It ranks 10 of 489 occupations here.
- The wage data and the price data come from different years. That is how each is published. The price adjustment behind $127,067 uses one figure for the whole of Virginia. A city and a rural county there can differ by more than two states do. Out of 489 occupations the state publishes, this one sits at 10.
- Figures are distribution medians for financial managers in Virginia, not entry or offer rates. The published band runs $108,760 to $323,300; within-state dispersion of that width routinely exceeds the dispersion between states, so tenure, employer and metropolitan area predict an individual's pay better than geography does.
- Take-home for Virginia is computed for a single filer taking the standard deduction with no dependants and no pre-tax contributions, giving $128,019 from $185,220. Each omitted item reduces taxable income, so the figure is a lower bound on retained pay for this household shape. Municipal and school-district income taxes are excluded, which understates the burden materially in Ohio, Pennsylvania and Maryland. The occupation ranks 10 of 489 locally.
- Wage and price series carry different reference periods, each published on its own schedule. The real-terms figure of $127,067, worked from $185,220, deflates by a statewide parity that conceals substantial intra-state variation, concentrated in housing — so it supports comparison between states rather than the pricing of a move to a particular Virginia address, on work sitting at 10 of 489 locally.
Questions people ask
Is this the average pay for the job?
It is the midpoint, not the average. The average here is $199,320, dragged up by high earners; the middle figure describes a typical worker better.
Why is the pay range for this job so wide?
One title, many jobs. The lowest tenth take $108,760, the highest tenth $323,300, and what separates them is experience, employer and what exactly the role does.
Does a bigger number here mean I am better off?
A larger wage in a dearer place is not automatically more. Adjusted for local prices, this pay behaves like $127,067 of national purchasing power.
Where does the difference between the wage and my paycheck go?
Three of them are federal and one is not. After income tax, Social Security, Medicare and Virginia's own levy, $128,019 remains.
Can I compare this job across every state?
Yes for this one. Pay is published in all 51 jurisdictions, so a state-to-state comparison here rests on the same survey everywhere rather than on a patchwork.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Virginia is $199,320. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($108,760) and the ninetieth ($323,300) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
How does the state price level affect real compensation?
Virginia's regional price parity sits above the national average, so nominal wages overstate purchasing power. Deflating take-home by the state price level gives $127,067 in national-average terms. ⚠️ RPPs are an all-items index; housing parities vary far more widely than the headline figure.
What accounts for the gap between gross wage and take-home here?
Take-home of $128,019 reflects federal income tax, OASDI, Medicare and Virginia income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Is this occupation's state coverage complete?
State-level estimates are published for all 51 jurisdictions for this occupation, so cross-state comparison is not confounded by suppression. ⚠️ Estimates remain survey-based and carry sampling error; small differences between adjacent states should not be over-read.