Average Financial Managers Salary in Dubuque, IA
Financial Managers in Dubuque, IA, earn an average annual salary of $129,570. This figure is notably below the national average of $184,480, suggesting that local market dynamics and industry concentration play a significant role in compensation within this Midwestern city. Factors such as the specific industries prevalent in Dubuque and the overall demand for financial expertise locally contribute to this pay differential.
Executive Summary
- Average Salary: $129,570 per year.
- Growth Trend: Salaries have shifted 6.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $205,360.
- Outlook: Dubuque, IA, hosts a local workforce of 370 Financial Managers, indicating a stable, albeit not exceptionally large, presence in the job market. The Location Quotient of 1.17 suggests a slightly higher concentration of these professionals compared to the national average, implying a consistent demand for their skills within the region's economic landscape. This moderate concentration points to a healthy, albeit not booming, job market for financial management roles.
Salary Overview
The average Financial Managers in Dubuque, IA earns-29.8%below the national average.
$62.3
$2,492
$10,798
Financial Managers Salary Trends (2020-2024)
While specific historical data for Dubuque is not provided, it is reasonable to assume that salaries for Financial Managers in the region have experienced gradual growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for sophisticated financial planning and analysis would typically drive upward salary adjustments for experienced professionals in this field.
Financial Managers Salary Distribution in Dubuque, IA
The career trajectory for Financial Managers in Dubuque, IA, typically involves significant salary increases with experience. Entry-level positions might start considerably lower than the average, while senior roles, particularly those with P&L responsibility or strategic oversight, can command salaries well above the $129,570 average. The percentile gaps in salary distribution underscore the substantial earning potential as one progresses through junior, mid-level, and executive financial management positions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $78,020 | $37.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,178 | $46.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $111,900 | $53.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $161,963 | $77.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $205,360 | $98.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$129,570
Gross Pay
Real Wage (Purchasing Power)
$129,570
Adjusted for COL (100)
The nominal average salary of $129,570 in Dubuque, IA, is directly aligned with the national average cost of living, which stands at an index of 100. This means that the purchasing power of a Financial Manager's salary in Dubuque is comparable to that of their counterparts in a typical U.S. city. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay offers a similar standard of living.
Job Market Context
370
Total Jobs
6.212
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Dubuque, IA has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
With a Location Quotient of 1.17, Dubuque, IA, exhibits a slightly higher concentration of Financial Managers than the national average. This indicates a localized demand that is somewhat more pronounced than in other areas, suggesting that the job market here is moderately competitive and offers a reasonable number of opportunities for qualified professionals. The presence of this slightly elevated concentration implies that businesses in Dubuque value and actively seek out financial management expertise.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA Financial Managers Salary | $139,940↑ 8% | 62 mi |
| Davenport-Moline-Rock Island, IA-IL Financial Managers Salary | $143,960↑ 11% | 65 mi |
| Iowa City, IA Financial Managers Salary | $136,550↑ 5% | 72 mi |
| Madison, WI Financial Managers Salary | $161,260↑ 24% | 78 mi |
| Waterloo-Cedar Falls, IA Financial Managers Salary | $127,810↓ 1% | 84 mi |
Comparing salaries near Dubuque, IA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Dubuque, IA?
The median annual salary for a Financial Managers in Dubuque, IA is $129,570. This typically ranges from $78,020 for entry-level positions to $205,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dubuque, IA is 29.8% lower than the national median of $184,480.
Is Dubuque, IA a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $129,570 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary offers comparable purchasing power locally.
Is Dubuque, IA a good place to live for Financial Managers?
The Cost of Living Index in Dubuque, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dubuque, IA?
Some top paying nearby cities include Cedar Rapids, IA ($139,940) and Davenport-Moline-Rock Island, IA-IL.
How does Dubuque's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Dubuque, IA, is $129,570, which is considerably lower than the national average of $184,480.
What is the cost of living in Dubuque, IA for Financial Managers?
Dubuque, IA, has a cost of living index of 100, which is exactly the national average. This means the local expenses are comparable to those in a typical U.S. city.
How concentrated are Financial Managers in Dubuque, IA?
The Location Quotient for Financial Managers in Dubuque is 1.17, indicating a slightly higher concentration of these professionals compared to the national average.
How many Financial Managers are there in Dubuque, IA?
There are approximately 370 Financial Managers employed in Dubuque, IA, representing 6.212 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Dubuque, IA area with a job density of 6.212 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 Dubuque, IA