Financial Analyst · Salary Comparison · 2026
Financial Analyst Salary: Richmond, VA vs New York, NY
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Financial Analysts in Richmond, VA and New York, NY, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ New York, NY
$82,000 vs $128,000
Better Purchasing Power
✓ Richmond, VA
$81,188 vs $68,449
Best Take-Home (COL-Adj)
✓ Richmond, VA
$70,704 vs $58,914
2
Detailed Comparison
| Metric | Richmond, VA | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $82,000 | $128,000▲ | -$46,000 |
| 25th Percentile | $61,000 | $95,000▲ | -$34,000 |
| 75th Percentile | $107,000 | $170,000▲ | -$63,000 |
| 90th Percentile | $138,000 | $218,000▲ | -$80,000 |
| Cost of Living Index | 101 | 187 | -86 |
| State Income Tax | 5.75%▲ | 6.85% | -1.0999999999999996% |
| COL-Adjusted Median | $81,188▲ | $68,449 | +$12,739 |
| Est. Annual Take-Home | $71,411 | $110,170▲ | -$38,759 |
| COL-Adj. Take-Home | $70,704▲ | $58,914 | +$11,790 |
| Total Employment | 6,000 | 42,000 | -36,000 |
▲ = Higher value wins for this metric. Diff = Richmond, VA minus New York, NY.
3Summary Analysis
On paper, New York, NY pays $46,000 more (median: $82,000 vs $128,000). However, after adjusting for cost of living (index 101 vs 187), Richmond, VA provides better purchasing power ($81,188 vs $68,449 equivalent). Richmond, VA has the lower state tax rate (5.75% vs 6.85%).
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Data: U.S. Bureau of Labor Statistics OEWS · 2026 · Cost-of-living indices from composite metro area data. Take-home estimates approximate only — consult a tax professional for accurate figures.