Average Business and Financial Operations Occupations Salary in Cedar Rapids, IA
In Cedar Rapids, IA, professionals in Business and Financial Operations Occupations earn an average annual salary of $80,240. This figure is notably below the national average of $94,590, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the Iowa market. While lower than the national benchmark, this salary is set within a context of local economic conditions.
Executive Summary
- Average Salary: $80,240 per year.
- Growth Trend: Salaries have shifted 12.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,040.
- Outlook: The Business and Financial Operations sector in Cedar Rapids supports a local workforce of 8,310 individuals. With a Location Quotient of 0.89, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally concentrated market. The presence of approximately 59.69 jobs per 1,000 workers indicates a consistent demand for these essential financial and operational skills within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Cedar Rapids, IA earns-15.2%below the national average.
$38.6
$1,543
$6,687
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Cedar Rapids is not provided, it is generally assumed that salaries within Business and Financial Operations Occupations have seen steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for skilled professionals, and evolving industry needs, suggesting that compensation in this field is likely to continue its upward trajectory.
Business and Financial Operations Occupations Salary Distribution in Cedar Rapids, IA
Within the Business and Financial Operations field, salary progression is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can significantly exceed the average. The percentile gaps between junior and senior roles highlight the substantial career advancement and earning potential available to those who develop specialized skills and gain significant industry experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,460 | $22.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,180 | $28.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,380 | $35.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,300 | $48.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,040 | $59.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$80,240
Gross Pay
Real Wage (Purchasing Power)
$80,240
Adjusted for COL (100)
For individuals considering a move to Cedar Rapids, IA, the average salary of $80,240 aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the local salary is comparable to the national average, suggesting that the nominal salary offers a standard of living consistent with the rest of the country, without the added financial pressure of a higher cost of living.
Job Market Context
8,310
Total Jobs
59.694
Per 1K Jobs
0.89
Location Quotient
Cedar Rapids, IA has 0.89x the national average concentration of Business and Financial Operations Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.89 for Business and Financial Operations Occupations in Cedar Rapids indicates that this sector is slightly less concentrated than the national average. This suggests that while the market is not saturated, there is a healthy presence of these roles, offering a balanced environment for job seekers and employers. It implies a competitive landscape where specialized skills are valued, but not necessarily in oversupply.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Cedar Rapids, IA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Cedar Rapids, IA?
The median annual salary for a Business and Financial Operations Occupations in Cedar Rapids, IA is $80,240. This typically ranges from $46,460 for entry-level positions to $123,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cedar Rapids, IA is 15.2% lower than the national median of $94,590.
Is Cedar Rapids, IA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $80,240 is below the national average of $94,590, although the cost of living is on par with the national average.
Is Cedar Rapids, IA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Cedar Rapids, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cedar Rapids, IA?
Some top paying nearby cities include Iowa City, IA ($76,440) and Waterloo-Cedar Falls, IA.
How does the Cedar Rapids salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Cedar Rapids is $80,240, which is lower than the national average of $94,590.
What is the cost of living in Cedar Rapids, IA?
Cedar Rapids, IA has a cost of living index of 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there than the typical US city.
How many Business and Financial Operations professionals work in Cedar Rapids?
There are approximately 8,310 individuals employed in Business and Financial Operations Occupations in Cedar Rapids, IA.
Is the concentration of Business and Financial Operations jobs high in Cedar Rapids?
The concentration, measured by the Location Quotient, is 0.89, which is slightly below the national average, indicating a presence that is not disproportionately high compared to other occupations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,310 employees in the Cedar Rapids, IA area with a job density of 59.694 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Cedar Rapids, IA