| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Fargo Bank | $86,947 |
-9.6%
|
Fargo Bank focuses strategically on recruiting and training entry-level apprentices. |
| Southtrust Bank N | $90,090 |
-6.3%
|
Southtrust Bank N operates with a leaner overhead structure, impacting base wage offers. |
| Carter Bank | $88,128 |
-8.3%
|
Typical compensation structure for smaller regional agencies like Carter Bank. |
| BANK OF AMERICASWIFT Address | $106,102 |
+10.4%
|
Data suggests BANK OF AMERICASWIFT Address's workforce skews heavily towards veteran, high-tenure roles. |
| Financial Services Industry | $121,514 |
+26.4%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$86,947 / year
Salary Range: $76,222 - $98,624
Lynchburg, VA
$90,090 / year
Salary Range: $78,980 - $102,197
Newport News, VA
$88,128 / year
Salary Range: $77,258 - $99,966
Hillsville, VA
$106,102 / year
Salary Range: $93,010 - $120,342
Great Falls, VA
$105,607 / year
Salary Range: $92,579 - $119,781
Alexandria, VA
$96,377 / year
Salary Range: $84,488 - $109,318
Glen Allen, VA
$89,141 / year
Salary Range: $78,147 - $101,112
Christiansburg, VA
$81,705 / year
Salary Range: $71,622 - $92,674
Tazewell, VA
$89,078 / year
Salary Range: $78,082 - $101,026
Forest, VA
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,100 - $1,600+ | A significant portion of VP Chesapeake Bank salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $220 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $60 (GRTC monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $400 - $580 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $380 - $700+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $370 - $690+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,440 - $3,790+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
VP Chesapeake Bank pays its employees an average of $96,145 per year. The average salary at VP Chesapeake Bank range from $84,286 to $109,062 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.
The salary at VP Chesapeake Bank is higher than its peer company. The average annual salary at VP Chesapeake Bank is $96,145, or an hourly wage of $46, in comparison to Fargo Bank which pays $86,947 per year or $42 per hour.
Salary progression with years of experience at VP Chesapeake Bank is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.
Yes, it's very likely that salaries at VP Chesapeake Bank vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Richmond section provides more context.
VP Chesapeake Bank typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at VP Chesapeake Bank" section on this page.
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