Average Foundry Mold and Coremakers Salary in Iowa
Foundry Mold and Coremakers in Iowa earn an average annual salary of $45,920. This figure is slightly below the national average of $46,830, a common trend in states with a lower cost of living. The specific economic landscape and demand within Iowa's industrial sector directly influence this localized pay rate.
Executive Summary
- Average Salary: $45,920 per year.
- Growth Trend: Salaries have shifted 9.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,130.
- Outlook: Iowa's foundry sector demonstrates a significant concentration of Foundry Mold and Coremakers, indicated by a Location Quotient of 4.75. This high concentration, relative to the national average, suggests a robust and specialized job market for these professionals within the state. With a local workforce of 610 individuals in this role, the demand appears stable and well-established.
Salary Overview
The average Foundry Mold and Coremakers in Iowa earns-1.9%below the national average.
$22.1
$883
$3,827
Foundry Mold and Coremakers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Foundry Mold and Coremakers in Iowa have experienced gradual growth over the past four years, mirroring national trends in skilled trades. Economic factors, inflation, and evolving industry demands typically drive incremental increases in compensation for specialized roles.
Foundry Mold and Coremakers Salary Distribution in Iowa
Salary progression for Foundry Mold and Coremakers typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries. The percentile gaps in earnings clearly signify the career progression and increased earning potential as one advances in expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $39,690 | $19.1 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $34,440 | $16.6 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $45,700 | $22 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $57,400 | $27.6 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $55,130 | $26.5 |
Detailed Foundry Mold and Coremakers Market Analysis
Relocation Context
Nominal Salary
$45,920
Gross Pay
Real Wage (Purchasing Power)
$51,193
Adjusted for COL (89.7)
The average annual salary of $45,920 in Iowa presents a favorable financial situation when considered against the local Cost of Living Index of 89.7. This index, being below the national average of 100, means that the purchasing power of an Iowa-based salary is greater than the national average, allowing for a potentially higher standard of living.
Job Market Context
610
Total Jobs
0.392
Per 1K Jobs
4.75
Location Quotient
Iowa has 4.8x the national concentration of Foundry Mold and Coremakers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 4.75, Iowa exhibits a highly concentrated market for Foundry Mold and Coremakers, far exceeding the national average. This indicates that the state is a significant hub for this profession, suggesting a competitive environment for employers seeking talent but also ample opportunities for skilled workers already established in the region.
Nearby Job Markets
Nearby Cities for Foundry Mold and Coremakers
| City | Salary | Dist. |
|---|---|---|
| Waterloo-Cedar Falls, IA Foundry Mold and Coremakers Salary | $45,570↓ 1% | 55 mi |
Comparing salaries near Iowa
Hiring Foundry Mold and Coremakerss?
Frequently Asked Questions
How much does a Foundry Mold and Coremakers make in Iowa?
The median annual salary for a Foundry Mold and Coremakers in Iowa is $45,920. This typically ranges from $39,690 for entry-level positions to $55,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Iowa is 1.9% lower than the national median of $46,830.
Is Iowa a lucrative place for Foundry Mold and Coremakerss?
Yes, Iowa offers a good value for Foundry Mold and Coremakers.While the nominal salary is slightly below the national average, Iowa's significantly lower cost of living enhances the purchasing power of these earnings, making it financially advantageous.
Is Iowa a good place to live for Foundry Mold and Coremakers?
With a Cost of Living Index of 89.7 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Iowa?
Some top paying nearby cities include Waterloo-Cedar Falls, IA ($45,570) and others.
How does the number of workers in Iowa compare to the national average?
Iowa has 610 Foundry Mold and Coremakers, and the Jobs per 1,000 Workers metric of 0.392 indicates a notable presence relative to the national average.
What does a Location Quotient of 4.75 mean for this role in Iowa?
A Location Quotient of 4.75 signifies that Foundry Mold and Coremakers are nearly five times more concentrated in Iowa than the national average, pointing to a specialized and robust local industry.
How does Iowa's cost of living impact the Foundry Mold and Coremakers salary?
Iowa's cost of living index of 89.7, which is below the national average, means that the $45,920 salary provides a higher effective purchasing power compared to areas with a higher cost of living.
Are there many job opportunities for Foundry Mold and Coremakers in Iowa?
The high Location Quotient suggests a strong demand and concentration of these roles within Iowa, indicating a favorable job market for skilled individuals in this field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 610 employees in the Iowa area with a job density of 0.392 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Foundry Mold and Coremakers • Data source: BLS OEWS 2024 •Jobs in Iowa