Financial Advisor Salary in Suffolk, VA: $92,091 (2026)
Quick Answer:A full-time financial advisor in Suffolk, VA earns a median $92,091/year (≈ $44.27/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Suffolk's price level (3% above national, BEA RPP 103.2), that paycheck buys what $89,235 would nationally. Nominal pay sits 1.7% below the Virginia state average.
Based on BLS state-level estimates · View source
In Suffolk, Virginia, financial advisors can expect a projected median salary of $92,091 in 2026. This figure reflects local market conditions and adjustments based on regional price parities, positioning Suffolk's financial advisor pay at approximately 15.15% lower than the national median of $108,537. The range in compensation is broad, from $53,412 at the 10th percentile to $142,741 for those at the 90th percentile, indicating significant variations based on factors such as experience, clientele, and business model. As the financial services landscape continues to evolve, this distinction in income highlights the importance of specialization and the potential rewards for establishing a solid client base or transitioning to an independent advisory model.
About the Suffolk Market
Salary estimated from Virginia average ($118,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $53,412 | $25.68 |
| Lower Range (P25) | $66,305 | $31.88 |
| Median (P50)(typical) | $92,091 | $44.27 |
| Upper Range (P75) | $117,877 | $56.67 |
| Top Earners (P90) | $142,741 | $68.62 |
Median Salary Position
15.15% below the national average
2026 Salary Percentile Distribution in Suffolk
In Suffolk, VA, the financial advisor salary spread from the 10th to 90th percentile is $89,329 (2026 est.). At $92,091, the local median is 15.15% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Suffolk: You'd be in the lower-middle range
How Suffolk Financial Advisor Pay Compares
Suffolk median: $92,091/year (2026)
| Compared To | Median Salary | Suffolk Pays |
|---|---|---|
| Virginia Average | $93,684 | -1.70% less |
| National Average | $108,537 | -15.15% less |
Financial Advisors in Suffolk, VA earn a median of $92,091 per year (2026 est.), which is 15.15% lower than the national median of $108,537 and 1.70% below the Virginia state average of $93,684.
Cost-of-Living Adjusted Salary
Suffolk has a cost of living 3.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Suffolk, VA has a cost-of-living index of 103.2 (above the national average of 100). While the nominal salary of $92,091 is competitive, the higher cost of living reduces purchasing power to an effective $89,235 — a 3.1% reduction.
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2019 BLS Actual
$74,538
2025 BLS Actual
$89,149
2026 Current Est.
$92,091
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Suffolk (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $74,538 | Actual |
| 2020 | $75,794 | Actual |
| 2021 | $79,901 | Actual |
| 2022 | $80,936 | Actual |
| 2023 | $84,491 | Actual |
| 2024 | $119,734 | Actual |
| 2025 | $89,149 | Actual |
| 2026(current) | $92,091 | Estimated |
| 2027 | $95,130 | Projected |
Based on 7 years of BLS OEWS data for the Suffolk metropolitan area, the median financial advisor salary grew 19.6% from $74,538 (2019) to $89,149 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $95,130 by 2027 — a total increase of $20,592 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Suffolk 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) | $53,412 – $66,305 |
| 3-5 years (Mid Career) | $66,305 – $92,091 |
| 5+ years (Experienced) | $92,091 – $117,877 |
| 10+ years (Top Earner) | $117,877 – $142,741 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Suffolk
The local market exhibits a strong presence, with about 15 financial advisors currently employed in Suffolk, indicating a healthy demand for advisory services despite a slightly elevated cost of living index at 103.2. This index suggests that while salaries may be lower than the national average, the cost of living in Suffolk requires careful financial planning to maintain adequate purchasing power. Leading firms in the area, particularly wirehouses like Wells Fargo Advisors and Morgan Stanley, tend to offer some of the highest salaries among employers. Factors driving the disparity in pay include the advisor’s assets under management (AUM), fee structures, and credentials such as the CFP. For those in Suffolk looking to maximize their financial advisor salary, developing a high-net-worth client base and considering a fee-only fiduciary model can be effective strategies to leverage the growing trend of independent practice and increasing client demands.
More salary data for Suffolk, 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 $89,149 for financial advisorsin the Suffolk 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 Suffolk 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