Financial Advisor Salary in Chesapeake, VA: $96,846 (2026)
Quick Answer:A full-time financial advisor in Chesapeake, VA earns a median $96,846/year (≈ $46.56/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Chesapeake's price level (3% above national, BEA RPP 103.2), that paycheck buys what $93,843 would nationally. Nominal pay sits 3.4% above the Virginia state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Chesapeake, Virginia, can expect a median annual salary of $96,846, reflecting local economic dynamics and a slight decrease compared to the national median of $108,537. This salary ranges from $56,170 for the lowest 10th percentile to $150,111 for those at the top 90th percentile. These figures are derived from projections based on 2025 BLS data and incorporate adjustments related to regional cost variations. With a solid growth rate of 3.30% anticipated over the coming years, the financial advisory profession in Chesapeake presents viable opportunities, especially as the industry transitions toward independent practices that often yield higher long-term compensation.
About the Chesapeake Market
Salary estimated from Virginia average ($118,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $56,170 | $27.00 |
| Lower Range (P25) | $69,729 | $33.52 |
| Median (P50)(typical) | $96,846 | $46.56 |
| Upper Range (P75) | $123,963 | $59.59 |
| Top Earners (P90) | $150,111 | $72.17 |
Median Salary Position
10.77% below the national average
2026 Salary Percentile Distribution in Chesapeake
In Chesapeake, VA, the financial advisor salary spread from the 10th to 90th percentile is $93,941 (2026 est.). At $96,846, the local median is 10.77% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Chesapeake: You'd be in the lower-middle range
How Chesapeake Financial Advisor Pay Compares
Chesapeake median: $96,846/year (2026)
| Compared To | Median Salary | Chesapeake Pays |
|---|---|---|
| Virginia Average | $93,661 | +3.40% more |
| National Average | $108,537 | -10.77% less |
Financial Advisors in Chesapeake, VA earn a median of $96,846 per year (2026 est.), which is 10.77% lower than the national median of $108,537 and 3.40% above the Virginia state average of $93,661.
Cost-of-Living Adjusted Salary
Chesapeake has a cost of living 3.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Chesapeake, VA has a cost-of-living index of 103.2 (above the national average of 100). While the nominal salary of $96,846 is competitive, the higher cost of living reduces purchasing power to an effective $93,843 — a 3.1% reduction.
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2019 BLS Actual
$78,387
2025 BLS Actual
$93,752
2026 Current Est.
$96,846
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Chesapeake (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $78,387 | Actual |
| 2020 | $79,707 | Actual |
| 2021 | $84,026 | Actual |
| 2022 | $85,115 | Actual |
| 2023 | $88,853 | Actual |
| 2024 | $125,916 | Actual |
| 2025 | $93,752 | Actual |
| 2026(current) | $96,846 | Estimated |
| 2027 | $100,042 | Projected |
Based on 7 years of BLS OEWS data for the Chesapeake metropolitan area, the median financial advisor salary grew 19.6% from $78,387 (2019) to $93,752 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $100,042 by 2027 — a total increase of $21,655 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Chesapeake metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $56,170 – $69,729 |
| 3-5 years (Mid Career) | $69,729 – $96,846 |
| 5+ years (Experienced) | $96,846 – $123,963 |
| 10+ years (Top Earner) | $123,963 – $150,111 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Chesapeake
The job market for financial advisors in Chesapeake supports approximately 63 professionals, signaling a focused yet competitive environment. The cost of living index stands at 103.2, indicating that while expenses are slightly above the national average, advisors still enjoy reasonable purchasing power. Major employers like Morgan Stanley and Wells Fargo Advisors lead the way in compensation, but independent firms and fiduciary Registered Investment Advisors (RIAs) are also gaining traction thanks to their AUM-based fee structures, which offer a different model of earning potential. The disparity in salaries can often be attributed to factors such as client concentration, credential variations (CFP or CFA), and the breadth of assets under management. For those looking to maximize their financial advisor pay in Chesapeake, focusing on AUM growth, obtaining relevant certifications, and developing high-net-worth client relationships can significantly enhance earning potential within this evolving market.
More salary data for Chesapeake, VA:
Frequently Asked Questions
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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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $93,752 for financial advisorsin the Chesapeake metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Chesapeake is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov