Average Financial Managers Salary in Southwest Iowa nonmetropolitan area
Financial Managers in the Southwest Iowa nonmetropolitan area earn an average annual salary of $113,700. 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 output of nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $113,700 per year.
- Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $168,740.
- Outlook: With a local workforce of 340 Financial Managers, the job market in Southwest Iowa presents a stable, albeit niche, environment. The location quotient of 0.87 suggests a concentration slightly below the national average, indicating a moderate level of demand relative to the national scale. The presence of nearly 5 Financial Managers per 1,000 workers signifies a consistent, though not overwhelming, need for these professionals within the local economy.
Salary Overview
The average Financial Managers in Southwest Iowa nonmetropolitan area earns-38.4%below the national average.
$54.7
$2,187
$9,475
Financial Managers Salary Trends (2020-2024)
While specific historical data for Southwest Iowa's Financial Manager salaries over the past four years is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns. Economic shifts, inflation, and increasing demand for financial expertise typically drive upward adjustments in compensation across most sectors and regions, including nonmetropolitan areas.
Financial Managers Salary Distribution in Southwest Iowa nonmetropolitan area
Salary progression for Financial Managers in Southwest Iowa, as elsewhere, is strongly tied to experience and demonstrated expertise. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive responsibilities and proven track records can significantly exceed the average. The percentile gaps in salary distribution highlight the substantial earning potential for seasoned professionals who have cultivated specialized skills and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,500 | $28.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $85,275 | $41 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,580 | $49.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $142,125 | $68.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $168,740 | $81.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$113,700
Gross Pay
Real Wage (Purchasing Power)
$113,700
Adjusted for COL (100)
The average annual salary of $113,700 in Southwest 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 the national average, offering a balanced lifestyle without the premium often associated with higher cost-of-living areas.
Job Market Context
340
Total Jobs
4.637
Per 1K Jobs
0.87
Location Quotient
Southwest 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 for Financial Managers in Southwest Iowa indicates that the concentration of these professionals is slightly lower than the national average. This suggests that while the demand exists, the market may not be oversaturated, potentially offering good opportunities for skilled individuals. It implies a steady, rather than booming, job market for this role in the region.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Financial Managers Salary | $130,070↑ 14% | 21 mi |
| Des Moines-West Des Moines, IA Financial Managers Salary | $160,540↑ 41% | 37 mi |
| Waterloo-Cedar Falls, IA Financial Managers Salary | $127,810↑ 12% | 55 mi |
| Cedar Rapids, IA Financial Managers Salary | $139,940↑ 23% | 79 mi |
| Iowa City, IA Financial Managers Salary | $136,550↑ 20% | 90 mi |
Comparing salaries near Southwest Iowa nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Southwest Iowa nonmetropolitan area?
The median annual salary for a Financial Managers in Southwest Iowa nonmetropolitan area is $113,700. This typically ranges from $58,500 for entry-level positions to $168,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Iowa nonmetropolitan area is 38.4% lower than the national median of $184,480.
Is Southwest Iowa nonmetropolitan area a lucrative place for Financial Managers?
No, it is not considered as lucrative as the national average.While the average salary of $113,700 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average mitigates this difference somewhat.
Is Southwest Iowa nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Southwest Iowa nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest 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 affect job opportunities?
A local workforce of 340 Financial Managers suggests a stable but potentially limited number of openings compared to larger metropolitan areas. This can mean less competition for experienced professionals but fewer entry-level positions.
What does a Location Quotient of 0.87 mean for Financial Managers?
A Location Quotient of 0.87 signifies that Financial Managers are slightly less concentrated in Southwest Iowa compared to the national average. This could imply a balanced job market with moderate demand.
How does the Cost of Living Index impact the Financial Manager salary?
With a Cost of Living Index of 100, the $113,700 salary in Southwest Iowa offers purchasing power equivalent to the national average. This means your earnings will stretch as far as they would in a typical U.S. location.
Are there many Financial Manager jobs per 1,000 workers in Southwest Iowa?
There are approximately 4.637 Financial Manager jobs per 1,000 workers in Southwest Iowa, indicating a consistent presence and demand for these roles within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Southwest Iowa nonmetropolitan area area with a job density of 4.637 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 Southwest Iowa nonmetropolitan area