Average Financial Managers Salary in Sioux City, IA-NE-SD
Financial Managers in Sioux City, IA-NE-SD earn an average annual salary of $134,570, which is notably below the national average of $184,480. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for specialized financial expertise within the local market. While the national landscape offers higher compensation, local economic conditions and industry demands shape the pay scales for these crucial roles.
Executive Summary
- Average Salary: $134,570 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $205,830.
- Outlook: The Sioux City, IA-NE-SD region supports a local workforce of 230 Financial Managers. With a Location Quotient of 0.59, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust job market compared to national hubs. The presence of 3.121 jobs per 1,000 workers indicates a steady, albeit moderate, demand for financial management professionals in the area.
Salary Overview
The average Financial Managers in Sioux City, IA-NE-SD earns-27.1%below the national average.
$64.7
$2,588
$11,214
Financial Managers Salary Trends (2020-2024)
While specific historical data for Sioux City is not provided, it's reasonable to assume that salaries for Financial Managers in the region have likely seen gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and increasing complexity in financial regulations often drive up compensation for experienced professionals, even in smaller markets.
Financial Managers Salary Distribution in Sioux City, IA-NE-SD
Salary progression for Financial Managers typically escalates with experience. Entry-level positions might start significantly lower than the average, while senior roles, such as Chief Financial Officers or Directors of Finance, command substantially higher salaries, often exceeding $200,000 nationally. The percentile gaps in salary distribution within Sioux City would reflect this career trajectory, with a wider range indicating greater opportunities for advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $71,450 | $34.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $100,928 | $48.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $131,320 | $63.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $168,213 | $80.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $205,830 | $99 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$134,570
Gross Pay
Real Wage (Purchasing Power)
$134,570
Adjusted for COL (100)
The average annual salary of $134,570 in Sioux City, IA-NE-SD aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of a Financial Manager's income in Sioux City is equivalent to that of someone earning the national average salary in a location with a cost of living of 100. Therefore, the lower salary is effectively offset by the comparable cost of living.
Job Market Context
230
Total Jobs
3.121
Per 1K Jobs
0.59
Location Quotient
Sioux City, IA-NE-SD has 0.59x 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 0.59 indicates that Financial Managers are less concentrated in Sioux City, IA-NE-SD compared to the national average. This suggests that the job market may be less competitive, with fewer professionals vying for available positions. While this could mean more opportunities for qualified candidates, it also implies that the demand might not be as high as in regions with a higher concentration of these roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Sioux Falls, SD-MN Financial Managers Salary | $180,850↑ 34% | 74 mi |
| Omaha, NE-IA Financial Managers Salary | $156,060↑ 16% | 87 mi |
Comparing salaries near Sioux City, IA-NE-SD
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Sioux City, IA-NE-SD?
The median annual salary for a Financial Managers in Sioux City, IA-NE-SD is $134,570. This typically ranges from $71,450 for entry-level positions to $205,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sioux City, IA-NE-SD is 27.1% lower than the national median of $184,480.
Is Sioux City, IA-NE-SD a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $134,570 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 purchasing power is comparable.
Is Sioux City, IA-NE-SD a good place to live for Financial Managers?
The Cost of Living Index in Sioux City, IA-NE-SD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sioux City, IA-NE-SD?
Some top paying nearby cities include Sioux Falls, SD-MN ($180,850) and Omaha, NE-IA.
What is the average salary for a Financial Manager in Sioux City, IA-NE-SD?
The average annual salary for a Financial Manager in Sioux City, IA-NE-SD is $134,570.
How does the Sioux City salary compare to the national average?
The average salary in Sioux City ($134,570) is lower than the national average ($184,480) by approximately $50,000.
What is the Cost of Living in Sioux City, IA-NE-SD?
The Cost of Living Index in Sioux City, IA-NE-SD is 100, which is exactly the national average.
How concentrated are Financial Manager jobs in Sioux City?
The concentration of Financial Manager jobs in Sioux City, IA-NE-SD is below the national average, with a Location Quotient of 0.59.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Sioux City, IA-NE-SD area with a job density of 3.121 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 Sioux City, IA-NE-SD