The annual salary statistics of tax preparers in Waterloo-Cedar Falls, Iowa is shown in Table 1. The wage data of tax preparers in Waterloo-Cedar Falls is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $25,260 |
| 25th Percentile Wage | $30,970 |
| 50th Percentile Wage | $45,730 |
| 75th Percentile Wage | $62,820 |
| 90th Percentile Wage | $77,320 |
Table 1 shows the average annual salary for tax preparers in Waterloo-Cedar Falls, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $77,320. The median (50th percentile) annual salary is $45,730. The average annual salary for the bottom 10 percent earners is $25,260.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2019. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $45,730 | 19.68% | 7.43% |
| 2018 | $36,730 | -10.70% | - |
| 2017 | $40,660 | -4.11% | - |
| 2012 | $42,330 | - | - |
From Table 3 we note that with a median annual salary of $45,730, Waterloo-Cedar Falls is the second highest paying city for tax preparers in state of Iowa, following the highest paying city Des Moines-West Des Moines (median annual salary of $58,960). Compared with Des Moines-West Des Moines, the median annual salary of tax preparers in Waterloo-Cedar Falls is 22.4 percent (22.4%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Des Moines-West Des Moines | |
| Waterloo-Cedar Falls | |
| Iowa City | |
| Northwest Iowa nonmetropolitan area | |
| Southwest Iowa nonmetropolitan area | |
| Northeast Iowa nonmetropolitan area | |
| Southeast Iowa nonmetropolitan area | |
| Dubuque | |
| Davenport-Moline-Rock Island |