In the Southwest Iowa nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $71,620. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and potentially lower demand for these specialized roles in a less urbanized region. The specific economic drivers and industry concentrations within Southwest Iowa contribute to this localized pay scale.
Executive Summary
- Average Salary: $71,620 per year.
- Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,160.
- Outlook: The job market for Business and Financial Operations Occupations in Southwest Iowa is characterized by a total local workforce of 2,640 individuals. With a Location Quotient of 0.54, these roles are less concentrated than the national average, suggesting a smaller but potentially stable demand within the region's specific economic structure. The number of jobs per 1,000 workers stands at 35.917, indicating a moderate presence of these occupations within the local labor pool.
Salary Overview
The average Business and Financial Operations Occupations in Southwest Iowa nonmetropolitan area earns-24.3%below the national average.
$34.4
$1,377
$5,968
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced incremental growth across the nation, influenced by inflation, evolving business needs, and economic expansion. This trend likely extends to Southwest Iowa, albeit potentially at a more modest pace compared to major metropolitan hubs, as local economies adapt to broader economic shifts and industry developments.
Business and Financial Operations Occupations Salary Distribution in Southwest Iowa nonmetropolitan area
Salary progression within Business and Financial Operations Occupations typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command substantially higher salaries. The percentile gaps between entry-level, mid-career, and senior roles signify clear career progression pathways and the increasing value placed on expertise and leadership within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,390 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,715 | $25.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,710 | $30.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,525 | $43 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,160 | $51 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$71,620
Gross Pay
Real Wage (Purchasing Power)
$71,620
Adjusted for COL (100)
The nominal average annual salary of $71,620 in Southwest Iowa aligns precisely with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is comparable to the national standard, as everyday expenses are not inflated beyond the norm. This parity suggests that the lower nominal wage is balanced by a more affordable living environment.
Job Market Context
2,640
Total Jobs
35.917
Per 1K Jobs
0.54
Location Quotient
Southwest Iowa nonmetropolitan area has 0.54x 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.
With a Location Quotient of 0.54, Business and Financial Operations Occupations are less concentrated in Southwest Iowa compared to the national average. This indicates that the job market for these roles is not as saturated as in other regions, potentially offering a more competitive landscape for skilled professionals. While not a hub for these professions, the presence of these roles suggests specific industry needs within the nonmetropolitan area.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Business and Financial Operations Occupations Salary | $78,480↑ 10% | 21 mi |
| Des Moines-West Des Moines, IA Business and Financial Operations Occupations Salary | $86,550↑ 21% | 37 mi |
| Waterloo-Cedar Falls, IA Business and Financial Operations Occupations Salary | $73,050↑ 2% | 55 mi |
| Cedar Rapids, IA Business and Financial Operations Occupations Salary | $80,240↑ 12% | 79 mi |
| Iowa City, IA Business and Financial Operations Occupations Salary | $76,440↑ 7% | 90 mi |
Comparing salaries near Southwest Iowa nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southwest Iowa nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southwest Iowa nonmetropolitan area is $71,620. This typically ranges from $43,390 for entry-level positions to $106,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Iowa nonmetropolitan area is 24.3% lower than the national median of $94,590.
Is Southwest Iowa nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered highly lucrative compared to national averages.The average salary of $71,620 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Southwest Iowa nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southwest Iowa nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Iowa nonmetropolitan area?
Some top paying nearby cities include Ames, IA ($78,480) and Des Moines-West Des Moines, IA.
How does the local workforce size impact job opportunities?
A local workforce of 2,640 for these occupations suggests a moderate-sized pool of professionals, indicating that while opportunities exist, the market may be more specialized and less expansive than in larger metropolitan areas.
What does a Location Quotient of 0.54 mean for job seekers?
A Location Quotient below 1.0, like 0.54, signifies that Business and Financial Operations Occupations are less prevalent in Southwest Iowa than the national average. This could mean fewer job openings but potentially less competition for those roles.
How does the Cost of Living Index affect the perceived salary?
With a Cost of Living Index of 100, the same as the national average, the $71,620 salary offers purchasing power equivalent to the national median. This means that despite the lower nominal wage, the cost of essential goods and services is not disproportionately high.
Are Business and Financial Operations roles in demand in Southwest Iowa?
The jobs per 1,000 workers metric of 35.917 suggests a steady, though not exceptionally high, demand for these professionals within the region's economic framework.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,640 employees in the Southwest Iowa nonmetropolitan area area with a job density of 35.917 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 Southwest Iowa nonmetropolitan area