How Much Do Accountants Make in Iowa?

Understanding the financial landscape for accounting professionals in Iowa provides valuable insight for those considering a career in the field or seeking to advance within it. Accountant salaries in the state reflect various influences, from foundational educational achievements to specialized certifications and geographical considerations. Examining these factors offers a comprehensive view of earning potential across different roles and experience levels within Iowa’s accounting sector.

Overall Accountant Salaries in Iowa

The average annual salary for an accountant in Iowa is approximately $62,750. However, other sources indicate slightly higher averages, such as $64,176 per year or $67,430 per year. Salaries typically begin around $47,470 and can reach up to $102,160 annually.

The median annual salary for accountants in Iowa is about $62,800, with the majority of earnings falling between $50,200 (25th percentile) and $73,700 (75th percentile). For an Accountant I role specifically, the average annual salary is around $59,571, with most individuals earning between $54,452 and $64,157. These ranges highlight the diverse compensation structure within the accounting profession in Iowa.

Factors Influencing Accountant Salaries in Iowa

Experience level plays a substantial role, with starting-level accountants typically earning around $47,470 per year, while junior-level accountants might see about $50,330 annually. Mid-level accountants generally earn around $62,750.

Senior-level accountants can expect salaries closer to $79,890. Accountants with eight or more years of experience can anticipate earnings exceeding $61,084 for an Accountant I role, and senior accountants with five or more years can reach $65,000 to $85,000.

Geographic location within Iowa also impacts compensation, with salaries tending to be higher in major metropolitan areas such as Des Moines and Cedar Rapids. For instance, the average accountant salary in Des Moines is around $67,250. Certified Public Accountant (CPA) salaries in Des Moines average $89,765 annually, which is higher than the statewide average for CPAs.

Education and professional certifications, particularly the Certified Public Accountant (CPA) designation, can lead to higher earnings. Accountants with a bachelor’s degree typically start between $45,000 and $55,000 per year, and those holding a CPA can earn 10-15% more on average, with the statewide average for a CPA being about $86,394.

Specific Accounting Roles and Their Salaries

A Staff Accountant in Iowa earns an average annual salary of $62,925, with typical ranges between $51,700 and $68,100. In Cedar Rapids, Staff Accountants can expect an average of $70,021 annually. Entry-level Staff Accountants in Des Moines average around $61,101 per year.

Senior Accountant positions in Iowa offer higher compensation, with an average annual salary of $78,983 and a median of $80,290. The salary range for Senior Accountants typically falls between $69,500 and $87,400. Accounting Managers in Iowa earn significantly more, with an average annual salary of $112,358 and a range often between $101,312 and $122,016. For Income Tax Accountants, the average annual pay in Iowa is $77,401, with most earning between $61,500 and $88,300. Auditors in Iowa have an average yearly salary of $62,750, similar to general accountants.