Average Financial Managers Salary in Waterloo-Cedar Falls, IA
Financial Managers in Waterloo-Cedar Falls, IA earn an average annual salary of $127,810. This figure is notably below the national average of $184,480, reflecting regional economic factors and the specific demand dynamics within the local market. While the nominal salary is lower, understanding the cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $127,810 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $192,840.
- Outlook: With a local workforce of 390 Financial Managers, Waterloo-Cedar Falls presents a moderately sized professional pool. The location quotient of 0.86 suggests a concentration slightly below the national average, indicating that while the profession is present, it is not disproportionately dominant compared to other regions. The rate of 4.589 jobs per 1,000 workers further contextualizes the availability of these roles within the broader employment landscape.
Salary Overview
The average Financial Managers in Waterloo-Cedar Falls, IA earns-30.7%below the national average.
$61.5
$2,458
$10,651
Financial Managers Salary Trends (2020-2024)
While specific historical data for Waterloo-Cedar Falls is not provided, it is generally assumed that salaries for Financial Managers across the United States, including this region, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations and markets.
Financial Managers Salary Distribution in Waterloo-Cedar Falls, IA
Salary progression for Financial Managers in Waterloo-Cedar Falls, IA, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential as one moves from junior to senior management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,900 | $37 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $95,858 | $46.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $116,030 | $55.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $159,763 | $76.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $192,840 | $92.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$127,810
Gross Pay
Real Wage (Purchasing Power)
$127,810
Adjusted for COL (100)
The average annual salary of $127,810 in Waterloo-Cedar Falls, IA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in this area is equivalent to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living cities.
Job Market Context
390
Total Jobs
4.589
Per 1K Jobs
0.86
Location Quotient
Waterloo-Cedar Falls, IA has 0.86x 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 0.86 indicates that Financial Managers are slightly less concentrated in Waterloo-Cedar Falls, IA, compared to the national average. This suggests a market that is neither oversaturated nor exceptionally scarce, offering a balanced environment for job seekers and employers. While not a hub of intense demand, the presence of 390 professionals signifies a stable and established market for financial leadership.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA Financial Managers Salary | $139,940↑ 9% | 50 mi |
| Southeast Iowa nonmetropolitan area Financial Managers Salary | $122,440↓ 4% | 55 mi |
| Northwest Iowa nonmetropolitan area Financial Managers Salary | $127,380↓ 0% | 55 mi |
| Northeast Iowa nonmetropolitan area Financial Managers Salary | $125,340↓ 2% | 55 mi |
| Southwest Iowa nonmetropolitan area Financial Managers Salary | $113,700↓ 11% | 55 mi |
Comparing salaries near Waterloo-Cedar Falls, IA
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Frequently Asked Questions
How much does a Financial Managers make in Waterloo-Cedar Falls, IA?
The median annual salary for a Financial Managers in Waterloo-Cedar Falls, IA is $127,810. This typically ranges from $76,900 for entry-level positions to $192,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterloo-Cedar Falls, IA is 30.7% lower than the national median of $184,480.
Is Waterloo-Cedar Falls, IA a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $127,810 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 Waterloo-Cedar Falls, IA a good place to live for Financial Managers?
The Cost of Living Index in Waterloo-Cedar Falls, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterloo-Cedar Falls, IA?
Some top paying nearby cities include Cedar Rapids, IA ($139,940) and Southeast Iowa nonmetropolitan area.
How does the Waterloo-Cedar Falls salary compare to the national average?
The average salary for Financial Managers in Waterloo-Cedar Falls, IA is $127,810, which is considerably lower than the national average of $184,480.
What is the cost of living in Waterloo-Cedar Falls, IA for Financial Managers?
The cost of living in Waterloo-Cedar Falls, IA is exactly at the national average, with an index of 100. This means your salary's purchasing power is on par with the national average.
How many Financial Managers work in Waterloo-Cedar Falls, IA?
There are approximately 390 Financial Managers employed in the Waterloo-Cedar Falls, IA area.
Is the job market for Financial Managers strong in Waterloo-Cedar Falls, IA?
The market is stable, with a location quotient slightly below the national average, indicating a balanced supply and demand rather than overwhelming demand or saturation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Waterloo-Cedar Falls, IA area with a job density of 4.589 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 Waterloo-Cedar Falls, IA