Average Financial Managers Salary in Iowa City, IA
Financial Managers in Iowa City, IA, can expect an average annual salary of $136,550. This figure is notably below the national average of $184,480, reflecting regional economic factors and the specific demand within the Iowa City market. While lower than the national benchmark, this salary is influenced by the local economic landscape and the concentration of financial management roles.
Executive Summary
- Average Salary: $136,550 per year.
- Growth Trend: Salaries have shifted 34.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $204,630.
- Outlook: With a local workforce of 370 Financial Managers, Iowa City presents a moderate employment landscape for this profession. The Location Quotient of 0.76 suggests that while the profession is present, it is not as concentrated as the national average, indicating a stable but not rapidly expanding job market. The presence of over 4 jobs per 1,000 workers signifies consistent opportunities for skilled professionals.
Salary Overview
The average Financial Managers in Iowa City, IA earns-26.0%below the national average.
$65.7
$2,626
$11,379
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Managers in Iowa City have experienced growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical as demand for financial expertise evolves and the cost of living, even if stable, necessitates salary adjustments to maintain purchasing power.
Financial Managers Salary Distribution in Iowa City, IA
The salary range for Financial Managers in Iowa City, IA, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, potentially approaching or even exceeding the average. These percentile gaps highlight the clear career progression and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $78,450 | $37.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $102,413 | $49.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $128,680 | $61.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $170,688 | $82.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $204,630 | $98.4 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$136,550
Gross Pay
Real Wage (Purchasing Power)
$136,550
Adjusted for COL (100)
The average annual salary of $136,550 in Iowa City, 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 Iowa City is equivalent to that of someone earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary translates directly to a comparable standard of living.
Job Market Context
370
Total Jobs
4.027
Per 1K Jobs
0.76
Location Quotient
Iowa City, IA has 0.76x the national average concentration of Financial Managers 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 0.76 indicates that Financial Managers are slightly less concentrated in Iowa City compared to the national average. This suggests a market that is neither oversaturated nor severely lacking in talent. While there is a steady demand, as evidenced by the jobs per 1,000 workers, the slightly lower concentration implies that highly qualified candidates may find a competitive, yet accessible, job market.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA Financial Managers Salary | $139,940↑ 2% | 23 mi |
| Davenport-Moline-Rock Island, IA-IL Financial Managers Salary | $143,960↑ 5% | 48 mi |
| Waterloo-Cedar Falls, IA Financial Managers Salary | $127,810↓ 6% | 72 mi |
| Dubuque, IA Financial Managers Salary | $129,570↓ 5% | 72 mi |
| Southeast Iowa nonmetropolitan area Financial Managers Salary | $122,440↓ 10% | 90 mi |
Comparing salaries near Iowa City, IA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Iowa City, IA?
The median annual salary for a Financial Managers in Iowa City, IA is $136,550. This typically ranges from $78,450 for entry-level positions to $204,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Iowa City, IA is 26.0% lower than the national median of $184,480.
Is Iowa City, IA a lucrative place for Financial Managers?
Yes, with a caveat.While the average salary of $136,550 is below the national average, the cost of living is also at the national average, making the salary's purchasing power equivalent. The market offers stable opportunities without extreme competition.
Is Iowa City, IA a good place to live for Financial Managers?
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 ($139,940) and Davenport-Moline-Rock Island, IA-IL.
How does the Iowa City Financial Manager salary compare to the national average?
The average salary for Financial Managers in Iowa City, IA, is $136,550, which is lower than the national average of $184,480.
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 is the Financial Manager job market in Iowa City?
The Location Quotient for Financial Managers in Iowa City is 0.76, indicating a slightly lower concentration than the national average.
Are there many Financial Manager jobs in Iowa City?
There are approximately 4.027 Financial Manager jobs per 1,000 workers in Iowa City, suggesting a consistent presence of these roles.
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 Iowa City, IA area with a job density of 4.027 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 Iowa City, IA