Financial Risk Specialists Salary
Financial Risk Specialists in Cedar Rapids, IA make a median of $91,480 a year, or about $43.98 an hour. The range runs from $59K at the entry level to $143K for experienced workers. Cost of living is below average (RPP 88.96), which stretches that salary to about $102,833 in buying power. Rent on a 2-bedroom averages $956/month, or 16.5% of estimated take-home pay.
So what does $91K get you in Cedar Rapids?
Groceries, utilities, transportation, and healthcare scaled from national averages by Cedar Rapids’s Regional Price Parity (88.96). 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 risk specialists
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What this looks like in Cedar Rapids
Pay for financial risk specialists in Cedar Rapids runs about 22% below the U.S. median of $117K. Housing is manageable: a 2-bedroom at the HUD median costs $956/month, 16.9% of take-home, well inside the 30% guideline. Regional Price Parity sits at 88.96 (national = 100), meaning everyday costs run about 11% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Cedar Rapids can be a reasonable trade-off for financial risk specialistss who value affordability over top-dollar markets.
Compared to nearby metros
Median pay for financial risk specialists in metros near Cedar Rapids, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Des Moines-West Des Moines | $108K | $118K |
| Davenport-Moline-Rock Island | $92K | $103K |
| Chicago-Naperville-Elgin | $105K | $102K |
| Minneapolis-St. Paul-Bloomington | $105K | $101K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Cedar Rapids, IA
Entry-level financial risk specialists (10th percentile) start around $59K. Mid-career wages sit at $91K. Top earners bring in $143K or more, a $84K spread from bottom to top.
Financial Risk Specialists pay across states
Median income ranked highest to lowest, compared to the national figure
View Financial Risk Specialists salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New Hampshire | $158K | +35% | 300 |
| Maine | $141K | +20% | N/A |
| Delaware | $139K | +19% | 1,160 |
| New York | $137K | +17% | 12,060 |
| North Carolina | $132K | +13% | 3,200 |
| Massachusetts | $130K | +11% | 1,440 |
| New Jersey | $129K | +10% | 2,760 |
| California | $129K | +10% | 5,740 |
| Virginia | $127K | +8% | 1,770 |
| Washington | $123K | +5% | 900 |
| Colorado | $120K | +3% | 1,050 |
| Wyoming | $120K | +2% | 170 |
| Maryland | $117K | -0% | 890 |
| Connecticut | $114K | -3% | 660 |
| Oregon | $110K | -7% | 430 |
| Iowa | $106K | -10% | 530 |
| Minnesota | $105K | -10% | 1,190 |
| Rhode Island | $104K | -11% | 450 |
| Illinois | $104K | -11% | 2,920 |
| Michigan | $104K | -11% | 1,150 |
| Texas | $104K | -12% | 4,780 |
| Pennsylvania | $103K | -12% | 2,370 |
| Arizona | $103K | -12% | 1,700 |
| Montana | $101K | -14% | 50 |
| Missouri | $101K | -14% | 1,070 |
| Georgia | $101K | -14% | 2,180 |
| Nevada | $100K | -15% | 570 |
| Florida | $100K | -15% | 3,770 |
| South Carolina | $100K | -15% | 560 |
| Indiana | $99K | -15% | 380 |
| District of Columbia | $99K | -15% | 210 |
| Ohio | $99K | -16% | 2,110 |
| Wisconsin | $98K | -17% | 610 |
| Mississippi | $96K | -18% | 230 |
| West Virginia | $94K | -20% | 50 |
| Nebraska | $94K | -20% | 250 |
| Tennessee | $91K | -22% | 540 |
| Hawaii | $90K | -23% | 90 |
| New Mexico | $87K | -26% | 180 |
| Alaska | $85K | -27% | 50 |
| Oklahoma | $85K | -27% | 330 |
| Kansas | $85K | -28% | 150 |
| Alabama | $82K | -30% | 180 |
| South Dakota | $79K | -33% | 130 |
| Utah | $78K | -34% | 630 |
| Idaho | $77K | -34% | 270 |
| Kentucky | $75K | -36% | 500 |
| North Dakota | $75K | -36% | 90 |
| Arkansas | $66K | -44% | 150 |
| Louisiana | $58K | -50% | 520 |
Showing 1–10 of 50 states with published data
BLS does not publish data for every state when sample sizes are too small
Track financial risk specialists salary changes
BLS updates this data quarterly. We'll email you when Cedar Rapids numbers change.
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Frequently asked questions
Can a financial risk specialist afford a 2BR apartment alone in Cedar Rapids?
Yes — at the median salary of $91K, rent takes 16.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $956/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial risk specialists in Cedar Rapids?
The 10th-percentile wage — what new financial risk specialists typically earn — is $59K/year. Take-home on that works out to about $3,516/month. At HUD’s $956/month FMR, rent would take 27% of that take-home — manageable on an entry-level income.
Is financial risk specialist a high-paying job in Cedar Rapids?
Local pay runs 22% below the national median — $91K here vs. $117K nationally. Cost of living is 11% below the national average, which narrows that gap in real purchasing power.
How does Cedar Rapids compare to the national average for financial risk specialists?
Cedar Rapids pays $91K median vs. the U.S. average of $117K — that’s -22%. After adjusting for local cost of living (RPP 88.96), the purchasing-power equivalent is $103K — below the national median.
How much do financial risk specialists make in Cedar Rapids, IA?
The median is $91,480 a year, that works out to about $44 an hour. But the range is wide: entry-level workers start around $58,600, and experienced financial risk specialists can clear $142,570. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $91K enough to live in Cedar Rapids?
On that salary, you'd take home roughly $5,663/month after taxes. A 2-bedroom here rents for about $956/month, which eats 16.9% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial risk specialists salary go in Cedar Rapids?
Cedar Rapids has a Regional Price Parity of 88.96 (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 risk specialists salary is worth about $102,833 in national-average purchasing power.
Where do financial risk specialists 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.