Average Financial Managers Salary in Southeast Iowa nonmetropolitan area
Financial Managers in the Southeast Iowa nonmetropolitan area earn an average annual salary of $122,440. 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 economic activity in nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $122,440 per year.
- Growth Trend: Salaries have shifted 17.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $180,820.
- Outlook: The job market for Financial Managers in this Southeast Iowa nonmetropolitan area appears stable, with a total local workforce of 800 individuals in this role. The Location Quotient of 0.75 suggests a slightly lower concentration of these professionals compared to the national average, indicating a moderate but not saturated demand for their expertise within the local economy.
Salary Overview
The average Financial Managers in Southeast Iowa nonmetropolitan area earns-33.6%below the national average.
$58.9
$2,355
$10,203
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers have experienced growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for financial expertise typically drive upward salary adjustments, even in more localized markets.
Financial Managers Salary Distribution in Southeast Iowa nonmetropolitan area
Salary progression for Financial Managers typically scales with experience. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise and strategic oversight will be compensated at the higher end. The percentile gaps between these levels signify clear career progression pathways and the increasing value placed on seasoned financial professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $73,500 | $35.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $91,830 | $44.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $108,830 | $52.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $153,050 | $73.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $180,820 | $86.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$122,440
Gross Pay
Real Wage (Purchasing Power)
$122,440
Adjusted for COL (100)
The nominal average annual salary of $122,440 in Southeast Iowa's nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is comparable to the national standard, making the effective financial benefit of the salary relatively stable.
Job Market Context
800
Total Jobs
3.959
Per 1K Jobs
0.75
Location Quotient
Southeast Iowa nonmetropolitan area has 0.75x 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 0.75, the Southeast Iowa nonmetropolitan area has a slightly lower concentration of Financial Managers than the national average. This suggests that while the demand exists, the market is not oversaturated, potentially offering good opportunities for skilled professionals without facing intense competition from a large pool of peers.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Financial Managers Salary | $130,070↑ 6% | 21 mi |
| Des Moines-West Des Moines, IA Financial Managers Salary | $160,540↑ 31% | 37 mi |
| Waterloo-Cedar Falls, IA Financial Managers Salary | $127,810↑ 4% | 55 mi |
| Cedar Rapids, IA Financial Managers Salary | $139,940↑ 14% | 79 mi |
| Iowa City, IA Financial Managers Salary | $136,550↑ 12% | 90 mi |
Comparing salaries near Southeast Iowa nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Southeast Iowa nonmetropolitan area?
The median annual salary for a Financial Managers in Southeast Iowa nonmetropolitan area is $122,440. This typically ranges from $73,500 for entry-level positions to $180,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Iowa nonmetropolitan area is 33.6% lower than the national median of $184,480.
Is Southeast Iowa nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $122,440 is substantial, it falls significantly short of the national average of $184,480, indicating lower earning potential in this specific region.
Is Southeast Iowa nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Southeast Iowa nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Iowa nonmetropolitan area?
Some top paying nearby cities include Ames, IA ($130,070) and Des Moines-West Des Moines, IA.
How does the local workforce size impact job opportunities?
A local workforce of 800 Financial Managers suggests a established presence, but the moderate size indicates that new entrants might find opportunities without facing an overwhelming number of competitors.
What does a Location Quotient of 0.75 mean for Financial Managers?
A Location Quotient of 0.75 means there are fewer Financial Managers per worker in this area compared to the national average, suggesting a potentially less competitive job market.
How does the cost of living affect the Financial Manager salary?
With a Cost of Living Index of 100, the $122,440 salary has the same purchasing power as the national average, meaning the lower nominal salary is offset by lower living expenses relative to the national average.
Are there many Financial Manager jobs per 1,000 workers in Southeast Iowa?
With 3.959 jobs per 1,000 workers, the availability of Financial Manager roles is present, though not exceptionally high, indicating a steady but not booming demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 800 employees in the Southeast Iowa nonmetropolitan area area with a job density of 3.959 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 Southeast Iowa nonmetropolitan area