Average Business and Financial Operations Occupations Salary in Iowa City, IA
In Iowa City, IA, professionals in Business and Financial Operations Occupations can expect an average annual salary of $76,440. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, and potentially the cost of doing business in the region influence compensation levels for these critical roles.
Executive Summary
- Average Salary: $76,440 per year.
- Growth Trend: Salaries have shifted 14.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,140.
- Outlook: With a local workforce of 4,950 individuals in Business and Financial Operations Occupations, Iowa City presents a stable, albeit not exceptionally concentrated, job market. The location quotient of 0.8 indicates that these roles are present at a rate slightly below the national average, suggesting a moderate but consistent demand for financial and operational expertise within the city's economic landscape.
Salary Overview
The average Business and Financial Operations Occupations in Iowa City, IA earns-19.2%below the national average.
$36.8
$1,470
$6,370
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Iowa City's Business and Financial Operations Occupations is not provided, it is generally assumed that salaries within this sector have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for skilled professionals, and evolving business needs, leading to incremental salary increases across various experience levels.
Business and Financial Operations Occupations Salary Distribution in Iowa City, IA
Career progression within Business and Financial Operations Occupations in Iowa City significantly impacts earning potential. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles. The widening gap between these percentiles reflects the substantial career advancement and increased earning capacity available to those who develop their expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,150 | $22.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,330 | $27.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,720 | $32.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,550 | $45.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $110,140 | $53 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,440
Gross Pay
Real Wage (Purchasing Power)
$76,440
Adjusted for COL (100)
The average annual salary of $76,440 in Iowa City aligns perfectly with the national average cost of living index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average, offering a balanced financial proposition for residents.
Job Market Context
4,950
Total Jobs
53.661
Per 1K Jobs
0.8
Location Quotient
Iowa City, IA has 0.80x 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.
A location quotient of 0.8 for Business and Financial Operations Occupations in Iowa City suggests that this sector is slightly less concentrated than the national average. This indicates a healthy job market where demand exists, but it is not oversaturated, potentially offering good opportunities for skilled professionals without facing intense competition typically seen in areas with a quotient significantly above 1.0.
Nearby Job Markets
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Comparing salaries near Iowa City, IA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Iowa City, IA?
The median annual salary for a Business and Financial Operations Occupations in Iowa City, IA is $76,440. This typically ranges from $46,150 for entry-level positions to $110,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Iowa City, IA is 19.2% lower than the national median of $94,590.
Is Iowa City, IA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.While the average salary of $76,440 is substantial, it falls below the national average of $94,590. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Iowa City, IA a good place to live for Business and Financial Operations 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 ($80,240) and Davenport-Moline-Rock Island, IA-IL.
What is the average salary for Business and Financial Operations Occupations in Iowa City, IA?
The average annual salary for Business and Financial Operations Occupations in Iowa City, IA is $76,440.
How does Iowa City's salary compare to the national average?
The average salary in Iowa City ($76,440) is lower than the national average ($94,590) for Business and Financial Operations Occupations.
What is the cost of living in Iowa City, IA?
Iowa City, IA has a cost of living index of 100, which is exactly the national average.
How concentrated are Business and Financial Operations roles in Iowa City?
The concentration of these roles, indicated by a location quotient of 0.8, is slightly below the national average, suggesting a moderate presence in the local job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,950 employees in the Iowa City, IA area with a job density of 53.661 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 Iowa City, IA