Average All Occupations Salary in Waterloo-Cedar Falls, IA
In Waterloo-Cedar Falls, IA, the average annual salary for all occupations stands at $55,470. This figure is notably below the national average of $67,140, suggesting that local economic factors and industry demands play a significant role in compensation levels within the region. The specific dynamics of the Waterloo-Cedar Falls job market influence these salary benchmarks.
Executive Summary
- Average Salary: $55,470 per year.
- Growth Trend: Salaries have shifted 16.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $89,470.
- Outlook: The Waterloo-Cedar Falls region boasts a substantial local workforce of 85,420 individuals, with 1,000 jobs per thousand workers indicating a stable employment landscape. A Location Quotient of 1.0 signifies that the concentration of all occupations in this area is precisely in line with the national average, suggesting a balanced and consistent demand for labor across various sectors.
Salary Overview
The average All Occupations in Waterloo-Cedar Falls, IA earns-17.4%below the national average.
$26.7
$1,067
$4,623
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries across most occupations in regions like Waterloo-Cedar Falls have experienced steady growth over the past four years, mirroring national trends. This incremental increase is typically driven by inflation, evolving industry standards, and a competitive job market seeking to attract and retain talent.
All Occupations Salary Distribution in Waterloo-Cedar Falls, IA
Salary progression in Waterloo-Cedar Falls, like elsewhere, is significantly influenced by experience and specialization. Entry-level positions typically command lower salaries, while senior roles and those requiring specialized skills or extensive experience can see substantial increases. The widening gap between entry-level and senior-level pay reflects the career advancement opportunities and the increased value placed on seasoned professionals within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $27,830 | $13.4 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $41,603 | $20 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $46,580 | $22.4 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $69,338 | $33.3 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $89,470 | $43 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$55,470
Gross Pay
Real Wage (Purchasing Power)
$55,470
Adjusted for COL (100)
The nominal average salary of $55,470 in Waterloo-Cedar Falls aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of an individual's salary in this region is comparable to the national standard, offering a stable financial environment for residents.
Job Market Context
85,420
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Waterloo-Cedar Falls, IA has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
With a Location Quotient of 1.0 for all occupations, Waterloo-Cedar Falls presents a job market that mirrors the national distribution of employment. This indicates neither an oversupply nor a significant undersupply of workers relative to the national average, suggesting a competitive yet accessible employment landscape for a broad range of professions.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA All Occupations Salary | $59,760↑ 8% | 50 mi |
| Southeast Iowa nonmetropolitan area All Occupations Salary | $52,940↓ 5% | 55 mi |
| Northwest Iowa nonmetropolitan area All Occupations Salary | $52,970↓ 5% | 55 mi |
| Northeast Iowa nonmetropolitan area All Occupations Salary | $53,000↓ 4% | 55 mi |
| Southwest Iowa nonmetropolitan area All Occupations Salary | $52,170↓ 6% | 55 mi |
Comparing salaries near Waterloo-Cedar Falls, IA
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Waterloo-Cedar Falls, IA?
The median annual salary for a All Occupations in Waterloo-Cedar Falls, IA is $55,470. This typically ranges from $27,830 for entry-level positions to $89,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterloo-Cedar Falls, IA is 17.4% lower than the national median of $67,140.
Is Waterloo-Cedar Falls, IA a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $55,470 is below the national average of $67,140, though the cost of living is also at the national average, balancing purchasing power.
Is Waterloo-Cedar Falls, IA a good place to live for All Occupations?
The Cost of Living Index in Waterloo-Cedar Falls, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterloo-Cedar Falls, IA?
Some top paying nearby cities include Cedar Rapids, IA ($59,760) and Southeast Iowa nonmetropolitan area.
What is the average salary for All Occupations in Waterloo-Cedar Falls, IA?
The average annual salary for all occupations in Waterloo-Cedar Falls, IA is $55,470.
How does the Waterloo-Cedar Falls salary compare to the national average?
The average salary in Waterloo-Cedar Falls ($55,470) is lower than the national average salary of $67,140.
What is the cost of living in Waterloo-Cedar Falls, IA?
The cost of living index in Waterloo-Cedar Falls, IA is 100, which is exactly the national average.
How concentrated are jobs for All Occupations in Waterloo-Cedar Falls, IA?
The concentration of jobs for all occupations in Waterloo-Cedar Falls, IA, indicated by a Location Quotient of 1.0, is the same as the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 85,420 employees in the Waterloo-Cedar Falls, IA area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Waterloo-Cedar Falls, IA