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salary information

Salary Information for a VP Strategy in Washington, DC

Median salary:

This data reflects Total Cash for a Level 2 VP Strategy at a mid-size company. To get more detailed information on total compensation for the role of VP Strategy in Washington, DC, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a VP Strategy in Washington, DC?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

80.2

Total Comp (TC)

Cost of Living (COL) Index
80.2
COL-Adjusted TC

Median Home Price

What are the responsibilities of a VP Strategy in Washington, DC?

In charge of the advising on the overall strategy for the business. Works with function leaders to devise a strategy that is forward looking and considers current market factors.

What are the characteristics of a level 2 VP Strategy?

A level 2 VP Strategy in Washington, DC is responsible for a function or major job area. These functional roles are generally more complex than those that L1 Executives fill. These roles typically report to SVPs or C-Suite.

VP Strategy

Benchmark Role

Executive

Job Type

Corporate Strategy

Job Family

Business

Job Area

Quality of Life in Washington, DC on a $353,070 Salary

Living in Washington, DC with an annual salary of $353,070 provides a robust capacity to enjoy a high quality of life, although the cost of living is notably higher compared to the national average. Below, we explore various factors affecting life in DC, including cost of living, housing, quality of life, healthcare access, and education quality.

Cost of Living

  • Higher Living Expenses:

    • Washington, DC is one of the most expensive cities in the United States, with costs significantly higher than the national average.
    • Goods and services, transportation, and especially housing greatly contribute to the elevated cost of living.
  • Price Comparison:

    • Groceries and dining out tend to cost more in DC compared to many parts of the country.
    • Utilities and healthcare costs are slightly above the national averages.

Housing Market

  • High Housing Costs:

    • The real estate market in DC is competitive, with median home prices well above the national average.
    • Renting also comes at a premium, with average rental rates substantially higher than in many other cities.
  • Variety of Options:

    • A wide range of neighborhoods and housing styles are available, but affordability can be an issue for lower earners.

Quality of Life

  • Cultural and Recreational Opportunities:

    • DC offers a wealth of cultural amenities, including museums, theaters, and historical landmarks.
    • It provides numerous recreational activities, from parks and biking trails to vibrant nightlife.
  • Public Services:

    • DC has extensive public transportation options, reducing the need for personal vehicles.

Access to Healthcare

  • Comprehensive Healthcare System:
    • The city boasts a high concentration of top-tier hospitals and medical facilities.
    • Access to a wide range of healthcare services and specialists is easily available, but costs can be substantial without adequate insurance coverage.

Quality of K-12 Schools

  • Diverse Educational Institutions:

    • The Washington, DC area has a mix of public, private, and charter schools offering varied educational experiences and quality.
    • Some public schools are highly rated, although the quality can vary significantly by neighborhood.
  • Higher Education Opportunities:

    • Access to renowned universities and colleges in and around the city enhances educational prospects for students.

Living in Washington, DC with a salary of $353,070 enables a comfortable lifestyle

See salary information for the VP Strategy role elsewhere in the United States

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OpenComp aggregates multiple data sources to provide accurate salary data for Washington, DC, specifically for a Level 2 VP Strategy. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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