Chief Financial Officer (CFO) Salary in Norfolk, VA
How much does a chief financial officer (cfo) make in Norfolk? Explore median, entry-level, and senior salaries adjusted for Norfolk's cost of living.
Salary Breakdown by Experience Level
See how chief financial officer (cfo) salaries break down across different pay periods in Norfolk.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $99,870 | $163,121 | $266,319 |
| Monthly | $8,323 | $13,593 | $22,193 |
| Biweekly | $3,841 | $6,274 | $10,243 |
| Weekly | $1,921 | $3,137 | $5,122 |
| Hourly | $48 | $78 | $128 |
Norfolk vs National Average
How Norfolk's chief financial officer (cfo) salaries compare to national figures.
Cost of Living in Norfolk
About Chief Financial Officer (CFO)
Overview
Oversee financial operations and strategy for organizations.
Education
Bachelor's degree in Finance or related field; MBA and CPA common
Key Skills
Growth Rate
Expected job growth: +20% over the next decade
Compare Cities: Chief Financial Officer (CFO) Salary
See Chief Financial Officer (CFO) salaries in other top cities.
Financial Tools to Explore
Use these Pulsafi calculators to understand your finances based on a chief financial officer (cfo) salary in Norfolk.
Salary Breakdown Calculator
See exactly how your salary breaks down into taxes and take-home pay.
Cost of Living Calculator
Understand your expenses and purchasing power in Norfolk.
Budget Calculator
Create a personalized budget based on your income and expenses.
Rent vs Buy Calculator
Compare the true costs of renting versus buying in Norfolk.
Chief Financial Officer (CFO) Salary in Norfolk, VA — Complete Guide
Median Salary Overview
The median salary for a chief financial officer (cfo) in Norfolk, VA is $163,121 per year, adjusted for the local cost of living index of 98. This figure reflects typical earnings for experienced professionals in this role, considering Norfolk's unique economic conditions.
Salary Range and Experience Levels
Entry-level chief financial officer (cfo) professionals in Norfolk can expect to earn around $99,870 annually. As professionals gain experience, salaries typically increase, with senior-level chief financial officer (cfo)s earning approximately $266,319 per year. This represents a 167% increase from entry to senior level.
Cost of Living Adjustment
Norfolk's cost of living index of 98 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Norfolk are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $154,120, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a chief financial officer (cfo)'s salary in Norfolk typically goes toward housing. With a 1-bedroom apartment averaging $1,200 per month, housing represents about 8.8% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Chief Financial Officer (CFO)s are in growing demand across the United States, with an expected job growth of 20% over the next decade. In Norfolk, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.