Average Financial Managers Salary in Northeast Iowa nonmetropolitan area
Financial Managers in the Northeast Iowa nonmetropolitan area can expect an average annual salary of $125,340. This figure is notably below the national average of $184,480, reflecting the unique economic landscape and demand specific to this region. The compensation is influenced by factors such as local industry concentration and the overall economic activity within this nonmetropolitan setting.
Executive Summary
- Average Salary: $125,340 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $184,680.
- Outlook: With a local workforce of 460 Financial Managers, the job market in Northeast Iowa presents a stable, albeit niche, opportunity. The Location Quotient of 0.87 suggests a concentration slightly below the national average, indicating a moderate level of demand and a presence of professionals in this field without being overly saturated. The 4.629 jobs per 1,000 workers further solidifies the presence of these roles within the regional economy.
Salary Overview
The average Financial Managers in Northeast Iowa nonmetropolitan area earns-32.1%below the national average.
$60.3
$2,410
$10,445
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers in Northeast Iowa have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive upward adjustments in compensation for skilled professionals, suggesting a positive trajectory for earning potential in this role.
Financial Managers Salary Distribution in Northeast Iowa nonmetropolitan area
Salary progression for Financial Managers in Northeast Iowa typically scales with experience. Entry-level positions will command lower salaries, while senior roles with extensive experience and specialized skills will reach the higher end of the pay scale. The percentile gaps between junior and senior roles signify clear career progression pathways, rewarding increased responsibility and expertise within the financial management sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,580 | $34.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,005 | $45.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $122,000 | $58.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $156,675 | $75.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $184,680 | $88.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$125,340
Gross Pay
Real Wage (Purchasing Power)
$125,340
Adjusted for COL (100)
The nominal average annual salary of $125,340 in Northeast Iowa 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 region is equivalent to that of someone earning the national average salary in a location with average living costs. Consequently, the salary offers a comparable standard of living to the national average, without the premium often associated with higher cost-of-living areas.
Job Market Context
460
Total Jobs
4.629
Per 1K Jobs
0.87
Location Quotient
Northeast Iowa nonmetropolitan area has 0.87x 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 0.87 indicates that Financial Managers are employed in Northeast Iowa at a rate slightly lower than the national average. This suggests that while the profession is established in the region, it is not a primary hub for this specialization. The market is neither overly competitive nor scarce, offering a balanced environment for professionals seeking opportunities without intense competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Financial Managers Salary | $130,070↑ 4% | 21 mi |
| Des Moines-West Des Moines, IA Financial Managers Salary | $160,540↑ 28% | 37 mi |
| Waterloo-Cedar Falls, IA Financial Managers Salary | $127,810↑ 2% | 55 mi |
| Cedar Rapids, IA Financial Managers Salary | $139,940↑ 12% | 79 mi |
| Iowa City, IA Financial Managers Salary | $136,550↑ 9% | 90 mi |
Comparing salaries near Northeast Iowa nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northeast Iowa nonmetropolitan area?
The median annual salary for a Financial Managers in Northeast Iowa nonmetropolitan area is $125,340. This typically ranges from $72,580 for entry-level positions to $184,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Iowa nonmetropolitan area is 32.1% lower than the national median of $184,480.
Is Northeast Iowa nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $125,340 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Northeast Iowa nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northeast Iowa nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Iowa nonmetropolitan area?
Some top paying nearby cities include Ames, IA ($130,070) and Des Moines-West Des Moines, IA.
What is the average salary for a Financial Manager in Northeast Iowa?
The average annual salary for a Financial Manager in Northeast Iowa is $125,340.
How does the Northeast Iowa salary compare to the national average?
The average salary in Northeast Iowa ($125,340) is lower than the national average ($184,480).
What is the Cost of Living Index in Northeast Iowa?
The Cost of Living Index in Northeast Iowa is 100, which is the same as the national average.
How concentrated is the Financial Manager job market in Northeast Iowa?
The job market is slightly less concentrated than the national average, with a Location Quotient of 0.87, indicating a moderate presence of Financial Managers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Northeast Iowa nonmetropolitan area area with a job density of 4.629 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 Northeast Iowa nonmetropolitan area