Average Financial Managers Salary in Des Moines-West Des Moines, IA
Financial Managers in the Des Moines-West Des Moines, IA area earn an average annual salary of $160,540. This figure is notably below the national average of $184,480, suggesting that while the role is present, local market dynamics and potentially a different industry focus may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $160,540 per year.
- Growth Trend: Salaries have shifted 15.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,810.
- Outlook: With a local workforce of 4,090 Financial Managers, the Des Moines-West Des Moines area demonstrates a significant concentration of these professionals, as indicated by a Location Quotient of 1.9. This suggests a robust demand and a specialized market for financial management expertise within the region, exceeding national averages for job density.
Salary Overview
The average Financial Managers in Des Moines-West Des Moines, IA earns-13.0%below the national average.
$77.2
$3,087
$13,378
Financial Managers Salary Trends (2020-2024)
While specific historical data for Des Moines-West Des Moines is not provided, it is generally assumed that the compensation for Financial Managers nationwide has seen consistent growth over the past four years, driven by increasing economic complexity and the demand for strategic financial oversight. This trend likely extends to the Des Moines area, reflecting an upward trajectory in earning potential for experienced professionals.
Financial Managers Salary Distribution in Des Moines-West Des Moines, IA
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions might command salaries closer to the lower percentiles, while senior roles, requiring extensive expertise and leadership, can reach the upper percentiles, often exceeding $200,000 nationally. The percentile gaps highlight the substantial career growth and earning potential available as professionals advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $86,750 | $41.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,405 | $57.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $143,600 | $69 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,675 | $96.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,810 | $115.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$160,540
Gross Pay
Real Wage (Purchasing Power)
$160,540
Adjusted for COL (100)
The average annual salary of $160,540 in Des Moines-West Des Moines, IA, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this metropolitan area is equivalent to the national average, offering stability and predictability in terms of living expenses.
Job Market Context
4,090
Total Jobs
10.087
Per 1K Jobs
1.9
Location Quotient
Des Moines-West Des Moines, IA has 1.9x the national concentration of Financial Managers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.9 for Financial Managers in Des Moines-West Des Moines signifies that this metropolitan area has nearly double the concentration of these roles compared to the national average. This indicates a highly specialized and potentially competitive job market, where employers may actively seek out talent with specific regional experience or skills.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Financial Managers Salary | $130,070↓ 19% | 31 mi |
| Southeast Iowa nonmetropolitan area Financial Managers Salary | $122,440↓ 24% | 37 mi |
| Northwest Iowa nonmetropolitan area Financial Managers Salary | $127,380↓ 21% | 37 mi |
| Northeast Iowa nonmetropolitan area Financial Managers Salary | $125,340↓ 22% | 37 mi |
| Southwest Iowa nonmetropolitan area Financial Managers Salary | $113,700↓ 29% | 37 mi |
Comparing salaries near Des Moines-West Des Moines, IA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Des Moines-West Des Moines, IA?
The median annual salary for a Financial Managers in Des Moines-West Des Moines, IA is $160,540. This typically ranges from $86,750 for entry-level positions to $240,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Des Moines-West Des Moines, IA is 13.0% lower than the national median of $184,480.
Is Des Moines-West Des Moines, IA a lucrative place for Financial Managers?
Yes, with caveats.While the average salary of $160,540 is below the national average, the high concentration (LQ 1.9) and average cost of living suggest a stable and specialized market for financial management roles.
Is Des Moines-West Des Moines, IA a good place to live for Financial Managers?
The Cost of Living Index in Des Moines-West Des Moines, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Des Moines-West Des Moines, IA?
Some top paying nearby cities include Ames, IA ($130,070) and Southeast Iowa nonmetropolitan area.
How does the Des Moines Financial Manager salary compare to the national average?
The average salary for Financial Managers in Des Moines-West Des Moines, IA is $160,540, which is approximately $24,000 less than the national average of $184,480.
What is the job concentration for Financial Managers in Des Moines-West Des Moines, IA?
The job concentration, measured by the Location Quotient, is 1.9, indicating that Financial Manager roles are nearly twice as prevalent in this area compared to the national average.
How does the cost of living in Des Moines-West Des Moines, IA affect salary perception?
With a Cost of Living Index of 100, the local cost of living is on par with the national average, meaning the $160,540 salary offers standard purchasing power relative to national benchmarks.
What does the total local workforce number imply for Financial Managers?
A total local workforce of 4,090 Financial Managers suggests a substantial pool of talent and a significant presence of these roles within the Des Moines-West Des Moines economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,090 employees in the Des Moines-West Des Moines, IA area with a job density of 10.087 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Des Moines-West Des Moines, IA