Average Financial Managers Salary in Northwest Iowa nonmetropolitan area
Financial Managers in Northwest Iowa nonmetropolitan area earn an average annual salary of $127,380. This figure is notably below the national average of $184,480, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as industry concentration and the overall size of the local economy contribute to this localized pay scale.
Executive Summary
- Average Salary: $127,380 per year.
- Growth Trend: Salaries have shifted 27.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $193,330.
- Outlook: The financial management sector in Northwest Iowa supports a local workforce of 630 professionals. While the jobs per 1,000 workers stands at 4.289, indicating a steady presence, the Location Quotient of 0.81 suggests a slightly lower concentration of these roles compared to the national average. This implies a stable, albeit not exceptionally concentrated, job market for financial managers in the area.
Salary Overview
The average Financial Managers in Northwest Iowa nonmetropolitan area earns-31.0%below the national average.
$61.2
$2,450
$10,615
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the United States, including in nonmetropolitan areas like Northwest Iowa, have experienced consistent growth over the past four years. This trend is driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial operations.
Financial Managers Salary Distribution in Northwest Iowa nonmetropolitan area
Career progression for Financial Managers typically involves a significant salary increase with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command substantially higher compensation. The percentile gaps in salary distribution signify clear opportunities for advancement and increased earning potential as professionals gain more experience and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $71,340 | $34.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $95,535 | $45.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $114,420 | $55 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $159,225 | $76.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $193,330 | $92.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$127,380
Gross Pay
Real Wage (Purchasing Power)
$127,380
Adjusted for COL (100)
The average annual salary of $127,380 in Northwest Iowa nonmetropolitan area 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 the national average, offering a stable financial environment without the added pressure of higher living expenses.
Job Market Context
630
Total Jobs
4.289
Per 1K Jobs
0.81
Location Quotient
Northwest Iowa nonmetropolitan area has 0.81x 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.
With a Location Quotient of 0.81, Northwest Iowa nonmetropolitan area has a slightly lower concentration of Financial Managers compared to the national average. This suggests that while the profession is present and supported by a workforce of 630, the market may be less saturated than in major metropolitan hubs, potentially offering unique opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Financial Managers Salary | $130,070↑ 2% | 21 mi |
| Des Moines-West Des Moines, IA Financial Managers Salary | $160,540↑ 26% | 37 mi |
| Waterloo-Cedar Falls, IA Financial Managers Salary | $127,810↑ 0% | 55 mi |
| Cedar Rapids, IA Financial Managers Salary | $139,940↑ 10% | 79 mi |
| Iowa City, IA Financial Managers Salary | $136,550↑ 7% | 90 mi |
Comparing salaries near Northwest Iowa nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northwest Iowa nonmetropolitan area?
The median annual salary for a Financial Managers in Northwest Iowa nonmetropolitan area is $127,380. This typically ranges from $71,340 for entry-level positions to $193,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Iowa nonmetropolitan area is 31.0% lower than the national median of $184,480.
Is Northwest Iowa nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $127,380 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average mitigates some of this difference.
Is Northwest Iowa nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northwest Iowa nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest 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 Northwest Iowa?
The average annual salary for a Financial Manager in Northwest Iowa nonmetropolitan area is $127,380.
How does the Northwest Iowa salary compare to the national average?
The average salary in Northwest Iowa ($127,380) is considerably lower than the national average of $184,480 for Financial Managers.
What is the Cost of Living in Northwest Iowa compared to the national average?
The Cost of Living Index in Northwest Iowa nonmetropolitan area is 100, which is exactly the national average.
How concentrated is the Financial Manager job market in Northwest Iowa?
The job market for Financial Managers in Northwest Iowa has a Location Quotient of 0.81, indicating a slightly lower concentration than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the Northwest Iowa nonmetropolitan area area with a job density of 4.289 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 Northwest Iowa nonmetropolitan area