Investment Banker Salary in Richmond, VA
Investment Bankers in Richmond, VA earn a median of $127,000/year, ranging from $97,790 (25th percentile) to $203,200 (90th percentile). After Virginia state taxes (5.75%) and cost-of-living adjustments (COL index 101), this is equivalent to $125,743 in purchasing power vs the US average.
1Salary Distribution in Richmond, VA
2Estimated Take-Home & Purchasing Power
* Estimates only. Does not include federal income tax, 401k, health insurance, or local taxes. Use the Salary Calculator for a detailed breakdown.
How Does Richmond, VA Compare?
| City | Median | COL Index | COL-Adjusted |
|---|---|---|---|
| Richmond, VA (current) | $127,000 | 101 | $125,743 |
| San Francisco, CA | $193,000 | 186 | $103,763 |
| New York, NY | $185,000 | 187 | $98,930 |
| Seattle, WA | $187,000 | 162 | $115,432 |
| Boston, MA | $171,000 | 162 | $105,556 |
| Austin, TX | $154,000 | 124 | $124,194 |
4Frequently Asked Questions
What is the average Investment Banker salary in Richmond, VA?
The median Investment Banker salary in Richmond, VA is $127,000 per year as of 2026 BLS OEWS data. The 25th percentile is $97,790 and the 90th percentile is $203,200.
Is Richmond, VA a good place to work as a Investment Banker?
Richmond, VA has a cost of living index of 101 (US average = 100). After adjusting for cost of living, a $127,000 Investment Banker salary in Richmond, VA is equivalent to $125,743 in purchasing power compared to the US average.
What is the cost of living adjustment for Richmond, VA?
Richmond, VA has a cost of living index of 101, meaning it is 1% more expensive than the US average. The state income tax rate in Virginia is approximately 5.75%.
What is the Investment Banker salary range in Richmond, VA?
In Richmond, VA, Investment Bankers earn between $97,790 (25th percentile) and $203,200 (90th percentile), with a median of $127,000 per year.
How many Investment Banker jobs are there in Richmond, VA?
According to BLS OEWS data, there are approximately 11,200 Investment Banker positions in the Richmond, VA metropolitan area.
What do Investment Bankers earn in Richmond, VA?
Based on BLS OEWS 2026 data, Investment Bankers in Richmond, VA earn a median annual wage of $127,000. The middle 50% earn between $97,790 and $162,560. The top 10% earn more than $203,200. There are approximately 11,200 Investment Bankers employed in the Richmond, VA metro area, with annual job growth estimated at 4.3%.
Is Richmond, VA a good place for a Investment Banker?
Richmond, VA has a cost of living index of 101 (US average = 100), making it 1% more expensive than the national average. After adjusting for cost of living, a Investment Banker in Richmond, VA earning $127,000has the equivalent purchasing power of $125,743 relative to the US median. Virginia has a state income tax rate of approximately 5.75%.
What is the cost of living adjustment for Richmond, VA?
Richmond, VA's cost of living index is 101, based on composite data including housing, food, transportation, healthcare, and utilities. This means that $127,000 in Richmond, VAhas the same purchasing power as $125,743 in a city at exactly the US average cost of living. Housing is typically the largest driver of cost of living differences between metros.
Compare Richmond, VA with Another City
See a detailed side-by-side comparison of salary, taxes, and purchasing power.
Data source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) Program. All figures are approximate annual estimates based on the most recent available BLS data. Actual salaries may vary based on experience, education, employer size, and specific role. Cost-of-living data represents composite indices from publicly available metropolitan area data.