Financial Managers Salary
Financial Managers in Waterloo-Cedar Falls, IA make a median of $125,690 a year, or about $60.43 an hour. The range runs from $81K at the entry level to $216K for experienced workers. Cost of living is below average (RPP 87.06), which stretches that salary to about $144,372 in buying power. Rent on a 2-bedroom averages $1,051/month, or 13.8% of estimated take-home pay.
So what does $126K get you in Waterloo-Cedar Falls?
Groceries, utilities, transportation, and healthcare scaled from national averages by Waterloo-Cedar Falls’s Regional Price Parity (87.06). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About financial managers
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
What this looks like in Waterloo-Cedar Falls
Pay for financial managers in Waterloo-Cedar Falls runs about 25% below the U.S. median of $167K. Housing is manageable: a 2-bedroom at the HUD median costs $1,051/month, 14% of take-home, well inside the 30% guideline. Regional Price Parity sits at 87.06 (national = 100), meaning everyday costs run about 13% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Waterloo-Cedar Falls can be a reasonable trade-off for financial managerss who value affordability over top-dollar markets.
Compared to nearby metros
Median pay for financial managers in metros near Waterloo-Cedar Falls, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Des Moines-West Des Moines | $154K | $168K |
| Davenport-Moline-Rock Island | $139K | $156K |
| Cedar Rapids | $134K | $151K |
| Dubuque | $127K | $145K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Waterloo-Cedar Falls, IA
Entry-level financial managers (10th percentile) start around $81K. Mid-career wages sit at $126K. Top earners bring in $216K or more, a $136K spread from bottom to top.
Financial Managers pay across states
Median income ranked highest to lowest, compared to the national figure
View Financial Managers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $220K | +32% | 80,810 |
| Massachusetts | $207K | +24% | 26,150 |
| New Jersey | $199K | +20% | 32,510 |
| District of Columbia | $189K | +13% | 8,930 |
| Virginia | $185K | +11% | 20,850 |
| Colorado | $183K | +10% | 10,640 |
| Delaware | $182K | +9% | 2,810 |
| California | $181K | +9% | 93,310 |
| Washington | $175K | +5% | 12,930 |
| Connecticut | $175K | +5% | 20,040 |
| Rhode Island | $167K | +0% | 2,570 |
| Georgia | $167K | +0% | 21,390 |
| North Carolina | $167K | +0% | 22,460 |
| Illinois | $166K | -0% | 52,720 |
| Texas | $165K | -1% | 71,870 |
| Minnesota | $163K | -2% | 16,680 |
| South Dakota | $160K | -4% | 1,000 |
| Kansas | $159K | -4% | 5,190 |
| Maryland | $159K | -5% | 19,770 |
| Oregon | $156K | -6% | 7,610 |
| Florida | $153K | -8% | 48,910 |
| Utah | $150K | -10% | 8,860 |
| Pennsylvania | $146K | -13% | 32,180 |
| New Hampshire | $145K | -13% | 4,330 |
| Missouri | $143K | -14% | 13,330 |
| Tennessee | $141K | -15% | 17,630 |
| Ohio | $141K | -15% | 27,360 |
| Alabama | $141K | -16% | 7,200 |
| Nebraska | $140K | -16% | 5,630 |
| Arizona | $140K | -16% | 14,900 |
| Wisconsin | $140K | -16% | 15,530 |
| Michigan | $139K | -16% | 22,490 |
| South Carolina | $136K | -18% | 9,020 |
| North Dakota | $136K | -18% | 2,140 |
| Indiana | $136K | -18% | 12,560 |
| Hawaii | $134K | -19% | 3,790 |
| New Mexico | $134K | -20% | 2,530 |
| Maine | $134K | -20% | 3,120 |
| Iowa | $133K | -20% | 9,130 |
| Nevada | $132K | -20% | 8,090 |
| Oklahoma | $132K | -20% | 6,670 |
| Montana | $131K | -21% | 1,510 |
| Kentucky | $131K | -22% | 6,630 |
| Vermont | $129K | -23% | 1,790 |
| Idaho | $127K | -24% | 3,120 |
| Alaska | $127K | -24% | 2,020 |
| Louisiana | $127K | -24% | 7,070 |
| Wyoming | $125K | -25% | 730 |
| Arkansas | $117K | -30% | 7,120 |
| West Virginia | $113K | -32% | 2,610 |
| Mississippi | $111K | -33% | 3,470 |
Showing 1–10 of 51 (all 50 states + DC)
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Waterloo-Cedar Falls numbers change.
Related careers in Management
Frequently asked questions
Can a financial manager afford a 2BR apartment alone in Waterloo-Cedar Falls?
Yes — at the median salary of $126K, rent takes 14% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,051/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial managers in Waterloo-Cedar Falls?
The 10th-percentile wage — what new financial managers typically earn — is $81K/year. Take-home on that works out to about $4,848/month. At HUD’s $1,051/month FMR, rent would take 22% of that take-home — manageable on an entry-level income.
Is financial manager a high-paying job in Waterloo-Cedar Falls?
Local pay runs 25% below the national median — $126K here vs. $167K nationally. Cost of living is 13% below the national average, which narrows that gap in real purchasing power.
How does Waterloo-Cedar Falls compare to the national average for financial managers?
Waterloo-Cedar Falls pays $126K median vs. the U.S. average of $167K — that’s -25%. After adjusting for local cost of living (RPP 87.06), the purchasing-power equivalent is $144K — below the national median.
How much do financial managers make in Waterloo-Cedar Falls, IA?
The median is $125,690 a year, that works out to about $60 an hour. But the range is wide: entry-level workers start around $80,800, and experienced financial managers can clear $216,490. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $126K enough to live in Waterloo-Cedar Falls?
On that salary, you'd take home roughly $7,494/month after taxes. A 2-bedroom here rents for about $1,051/month, which eats 14% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial managers salary go in Waterloo-Cedar Falls?
Waterloo-Cedar Falls has a Regional Price Parity of 87.06 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median financial managers salary is worth about $144,372 in national-average purchasing power.
Where do financial managers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.