The annual salary statistics of financial managers in Cedar Rapids, Iowa is shown in Table 1. The wage data of financial managers in Cedar Rapids is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $62,720 |
| 25th Percentile Wage | $80,310 |
| 50th Percentile Wage | $110,150 |
| 75th Percentile Wage | $149,280 |
| 90th Percentile Wage | $201,130 |
Table 1 shows the average annual salary for financial managers in Cedar Rapids, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $201,130. The median (50th percentile) annual salary is $110,150. The average annual salary for the bottom 10 percent earners is $62,720.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $110,150 | -0.70% | 3.25% |
| 2018 | $110,920 | 3.66% | - |
| 2017 | $106,860 | 0.27% | - |
| 2016 | $106,570 | 2.34% | - |
| 2015 | $104,080 | -7.57% | - |
| 2014 | $111,960 | 2.50% | - |
| 2013 | $109,160 | 2.37% | - |
| 2012 | $106,570 | - | - |
From Table 3 we note that with a median annual salary of $110,150, Cedar Rapids is the second highest paying city for financial managers in state of Iowa, following the highest paying city Des Moines-West Des Moines (median annual salary of $120,310). Compared with Des Moines-West Des Moines, the median annual salary of financial managers in Cedar Rapids is 8.4 percent (8.4%) lower.