Chesapeake vs Richmond: Financial Advisor Salary (2026)
Compare financial advisor salaries between Chesapeake, VA and Richmond, VA. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Chesapeake, VA | Richmond, VA |
|---|---|---|
| Median Salary | $96,846 | $114,570▲ |
| Hourly Rate | $46.56 | $55.08▲ |
| Entry Level (P10) | $56,170 | $57,951▲ |
| 25th Percentile | $69,729 | $83,559▲ |
| 75th Percentile | $123,963 | $186,570▲ |
| Top Earner (P90) | $150,111 | $389,441▲ |
| Total Employed | 63 | 1,350▲ |
Verdict
Richmond, VA offers better overall compensation for financial advisors, winning 4 out of 4 metrics compared to Chesapeake.
The salary gap between Chesapeake and Richmond is $17,724 (18.30%). Richmond's median is +5.56% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Chesapeake spans $93,941,Richmond spans $331,490. Richmond has a wider pay range, suggesting more variation in pay between entry-level and experienced financial advisors.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Richmond ($117,078 effective) pays 24.76% more than Chesapeake ($93,843 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Chesapeake if…
- ✓You prefer the Virginia area and lifestyle
Choose Richmond if…
- ✓Higher median salary ($114,570/year)
- ✓Better top-earner potential ($389,441)
- ✓Larger job market (1,350 employed)
- ✓Better purchasing power (CoL-adjusted: $117,078)
- ✓You prefer the Virginia area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Chesapeake grew -25.5% from 2024 to 2025, compared to 14.2% growth in Richmond over the same period.
Chesapeake, VA
$125,916 (2024) → $93,752 (2025)
Richmond, VA
$97,150 (2019) → $110,910 (2025)
View Full Salary Data
Chesapeake, VA
Richmond, VA
Frequently Asked Questions
Which city pays financial advisors more: Chesapeake or Richmond?
What is the hourly rate difference between Chesapeake and Richmond?
Should I relocate from Chesapeake to Richmond as a financial advisor?
What do entry-level financial advisors earn in Chesapeake vs Richmond?
Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 3.30% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov