Average Nurse Practitioners Salary in Waterloo-Cedar Falls, IA
Nurse Practitioners in Waterloo-Cedar Falls, IA, command an impressive average annual salary of $133,760. This figure slightly surpasses the national average of $131,710, indicating a favorable compensation landscape in the region. Local demand, specialized healthcare needs, and the overall economic environment likely contribute to this competitive pay.
Executive Summary
- Average Salary: $133,760 per year.
- Growth Trend: Salaries have shifted 22.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,230.
- Outlook: With a total local workforce of 210 Nurse Practitioners, Waterloo-Cedar Falls demonstrates a solid presence in the healthcare sector. The Location Quotient of 1.25 suggests a concentration of these professionals that is 25% higher than the national average, pointing towards robust demand and a potentially thriving job market for Nurse Practitioners in this area.
Salary Overview
The average Nurse Practitioners in Waterloo-Cedar Falls, IA earns+1.6%above the national average.
$64.3
$2,572
$11,147
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Nurse Practitioner salaries in Waterloo-Cedar Falls have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, advancements in medical practices, and the ongoing need for skilled advanced practice providers typically drive salary increases in this vital profession.
Nurse Practitioners Salary Distribution in Waterloo-Cedar Falls, IA
The career trajectory for Nurse Practitioners in Waterloo-Cedar Falls offers significant earning potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior salaries reflects the value placed on experience and advanced competencies within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $100,420 | $48.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $100,320 | $48.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $127,410 | $61.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $167,200 | $80.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $167,230 | $80.4 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$133,760
Gross Pay
Real Wage (Purchasing Power)
$133,760
Adjusted for COL (100)
The average annual salary of $133,760 in Waterloo-Cedar Falls aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the purchasing power of a Nurse Practitioner's salary in this region is on par with the national standard, offering a stable financial outlook for those considering a move.
Job Market Context
210
Total Jobs
2.485
Per 1K Jobs
1.25
Location Quotient
With a location quotient of 1.25, Waterloo-Cedar Falls, IA has a slightly higher-than-average concentration of Nurse Practitioners roles compared to the national norm.
A Location Quotient of 1.25 signifies that Nurse Practitioners are more concentrated in Waterloo-Cedar Falls than the national average. This suggests a healthy demand for these professionals, as the local market requires a greater proportion of them relative to other occupations compared to the rest of the country. While not indicating an oversaturated market, it points to a competitive environment where skilled practitioners are valued.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA Nurse Practitioners Salary | $133,360↓ 0% | 50 mi |
| Southeast Iowa nonmetropolitan area Nurse Practitioners Salary | $124,920↓ 7% | 55 mi |
| Northwest Iowa nonmetropolitan area Nurse Practitioners Salary | $130,370↓ 3% | 55 mi |
| Northeast Iowa nonmetropolitan area Nurse Practitioners Salary | $129,680↓ 3% | 55 mi |
| Southwest Iowa nonmetropolitan area Nurse Practitioners Salary | $140,970↑ 5% | 55 mi |
Comparing salaries near Waterloo-Cedar Falls, IA
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Frequently Asked Questions
How much does a Nurse Practitioners make in Waterloo-Cedar Falls, IA?
The median annual salary for a Nurse Practitioners in Waterloo-Cedar Falls, IA is $133,760. This typically ranges from $100,420 for entry-level positions to $167,230 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 1.6% higher than the national median of $131,710.
Is Waterloo-Cedar Falls, IA a lucrative place for Nurse Practitioners?
Yes, it is a lucrative place for Nurse Practitioners.Nurse Practitioners in Waterloo-Cedar Falls earn slightly above the national average salary, and the cost of living is exactly at the national average, indicating strong earning potential.
Is Waterloo-Cedar Falls, IA a good place to live for Nurse Practitioners?
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 ($133,360) and Southeast Iowa nonmetropolitan area.
How does the Nurse Practitioner salary compare to the national average?
The average annual salary for Nurse Practitioners in Waterloo-Cedar Falls, IA is $133,760, which is slightly higher than the national average of $131,710.
What is the Cost of Living in Waterloo-Cedar Falls, IA?
The Cost of Living Index in Waterloo-Cedar Falls, IA is 100, which is precisely the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated are Nurse Practitioners in Waterloo-Cedar Falls, IA?
The Location Quotient for Nurse Practitioners in Waterloo-Cedar Falls, IA is 1.25, indicating that the concentration of these professionals is 25% higher than the national average.
What is the total number of Nurse Practitioners in Waterloo-Cedar Falls, IA?
There are approximately 210 Nurse Practitioners employed in the Waterloo-Cedar Falls, IA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Waterloo-Cedar Falls, IA area with a job density of 2.485 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Waterloo-Cedar Falls, IA