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Average All Occupations Salary in Iowa City, IA

The average annual salary for All Occupations in Iowa City, IA stands at $62,760, which is slightly below the national average of $67,140. This localized pay rate is influenced by a variety of factors specific to the Iowa City economic landscape, including the demand for certain skill sets and the overall cost of doing business within the region.

Executive Summary

  • Average Salary: $62,760 per year.
  • Growth Trend: Salaries have shifted 15.9% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $105,700.
  • Outlook: Iowa City boasts a substantial workforce of 92,330 individuals, with 1,000 jobs available per 1,000 workers, indicating a robust and active job market. A Location Quotient of 1.0 suggests that the concentration of jobs in All Occupations within Iowa City is precisely in line with the national average, signifying a stable and well-established presence of these roles.
2024 Market Data

Salary Overview

$62,760

The average All Occupations in Iowa City, IA earns-6.5%below the national average.

BreakdownBased on 40h/week
Hourly

$30.2

Weekly

$1,207

Monthly

$5,230

All Occupations Salary Distribution in Iowa City, IA

Salary progression in All Occupations typically scales significantly with experience. Entry-level positions often start at the lower percentiles, while senior or specialized roles command salaries in the higher percentiles. The widening gap between these percentiles clearly signifies substantial career progression and increased earning potential as professionals gain expertise and tenure.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$28,440$13.7
ExperiencedProficient professional working independently.25% (Junior)$47,070$22.6
Mid-LevelEstablished expert. Standard market value.50% (Median)$49,390$23.7
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$78,450$37.7
Top TierIndustry leader / Executive level compensation.90% (Expert)$105,700$50.8

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$62,760

Gross Pay

Real Wage (Purchasing Power)

$62,760

Adjusted for COL (100)

With an average annual salary of $62,760 and a Cost of Living Index of 100 (matching the national average), the purchasing power of an Iowa City resident is on par with the national standard. This means that the nominal salary translates directly to the expected cost of goods and services, offering a predictable financial environment for residents.

Job Market Context

92,330

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Iowa City, IA has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A Location Quotient of 1.0 for All Occupations in Iowa City indicates that the representation of these jobs within the local economy is exactly proportional to the national average. This suggests a balanced job market where demand and supply are in equilibrium, without significant over- or under-representation compared to the rest of the country.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Iowa City, IA

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Iowa City, IA?

The median annual salary for a All Occupations in Iowa City, IA is $62,760. This typically ranges from $28,440 for entry-level positions to $105,700 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Iowa City, IA is 6.5% lower than the national median of $67,140.

Is Iowa City, IA a lucrative place for All Occupationss?

No, not significantly more lucrative than the national average.The average salary of $62,760 is below the national average of $67,140, and the cost of living is exactly at the national average. This indicates standard earning potential and purchasing power.

Is Iowa City, IA a good place to live for All Occupations?

The Cost of Living Index in Iowa City, IA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Iowa City, IA?

Some top paying nearby cities include Cedar Rapids, IA ($59,760) and Davenport-Moline-Rock Island, IA-IL.

How does the Iowa City job market compare to the national average for All Occupations?

The job market in Iowa City for All Occupations is aligned with the national average, as indicated by a Location Quotient of 1.0. This suggests a comparable concentration of these roles relative to the overall workforce.

What is the average salary for All Occupations in Iowa City, IA?

The average annual salary for All Occupations in Iowa City, IA is $62,760.

How does the cost of living in Iowa City, IA affect salary perception?

The cost of living in Iowa City is exactly at the national average (100). Therefore, the average salary of $62,760 has a purchasing power that is consistent with the national average.

What is the size of the workforce in Iowa City, IA?

Iowa City has a total local workforce of 92,330 individuals, with 1,000 jobs available per 1,000 workers, indicating a substantial and active labor market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 92,330 employees in the Iowa City, IA area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.