Iowa, known for its expansive farmland, thriving agriculture industry, and scenic landscapes, is a state that offers a unique mix of rural charm and urban development.
Located in the Midwest, Iowa has a robust economy supported by agriculture, manufacturing, healthcare, education, and technology.
With its relatively low cost of living, Iowa attracts professionals and families seeking an affordable yet high-quality lifestyle. However, salaries in Iowa can vary widely depending on the industry, location, education, and experience.
In this article, we will explore the salaries in Iowa, analyzing key industries, the cost of living, regional salary differences, and factors that influence wages.
Whether you’re considering moving to Iowa for work or simply curious about the state’s job market, this comprehensive guide will provide valuable insights into the earning potential and employment opportunities in the state.
Overview of Iowa’s Economy
Iowa’s economy is diverse and well-balanced, with agriculture serving as the cornerstone of the state’s economic foundation.
As one of the nation’s leading producers of corn, soybeans, and pork, Iowa’s agricultural industry employs a significant portion of the population. The state also has a strong manufacturing sector, particularly in food processing, machinery, and chemicals.
Beyond agriculture and manufacturing, Iowa has seen growth in sectors such as healthcare, technology, finance, education, and logistics.
The state’s capital, Des Moines, is a growing hub for insurance, finance, and technology industries, while cities like Cedar Rapids and Iowa City also contribute to the state’s economy with a focus on education, healthcare, and technology.
Smaller towns and rural areas tend to be more focused on agriculture and agribusiness, though they also offer opportunities in education, healthcare, and skilled trades.
Key Industries and Salaries in Iowa
Iowa’s job market spans a wide range of sectors, and salaries can differ greatly depending on the industry. Below is a closer look at some of the most prominent industries in Iowa and the average salaries for common job roles within each sector:
- Agriculture and Agribusiness
Agriculture is the backbone of Iowa’s economy, with the state ranking first in the nation for corn production and second for soybean production. Iowa is also a major producer of pork, eggs, and beef.
Agribusiness, which includes food processing, farming equipment manufacturing, and biotechnology, contributes significantly to the state’s economic output.
Although wages in agriculture tend to be lower than those in other industries, skilled professionals in agronomy, agricultural science, and management can earn competitive salaries.
- Average salary: $35,000–$55,000 annually for general farm workers, with agricultural managers and specialists earning between $60,000 and $80,000 annually. Agronomy experts and farm scientists can earn upwards of $90,000 per year, depending on their experience and qualifications.
- Healthcare and Social Assistance
Healthcare is one of the fastest-growing sectors in Iowa, driven by an aging population and the increasing demand for medical services.
Iowa’s healthcare industry includes hospitals, nursing homes, outpatient clinics, and home healthcare services.
Major health systems such as the University of Iowa Hospitals & Clinics, MercyOne, and UnityPoint Health provide thousands of jobs for healthcare professionals.
The state also has a significant presence in the biotechnology and pharmaceuticals sectors.
- Average salary: $50,000–$100,000 annually for general healthcare professionals, such as registered nurses, physical therapists, and medical technologists. Doctors, surgeons, and specialists earn much higher salaries, typically between $150,000 and $250,000 per year, depending on their specialization and experience.
- Manufacturing
Manufacturing plays a crucial role in Iowa’s economy, with a strong presence in industries such as food processing, machinery, chemicals, and transportation equipment.
The state is home to several large manufacturing companies, including John Deere (agricultural equipment), Hormel Foods (meat processing), and Rockwell Collins (aviation electronics).
While the wages in manufacturing can vary, skilled workers in industries like machinery, welding, and maintenance can earn competitive salaries.
- Average salary: $40,000–$60,000 annually for general manufacturing workers, with skilled trades and technicians earning between $50,000 and $75,000 annually. Manufacturing engineers, production managers, and plant supervisors can earn between $70,000 and $100,000 annually, depending on their level of expertise and responsibility.
- Technology and Information
Iowa’s technology sector is expanding, with growing opportunities in software development, data analysis, cybersecurity, and IT services.
Des Moines, the state’s capital, has emerged as a center for tech startups, and the state has seen an influx of tech professionals seeking a lower cost of living while working in a rapidly developing industry. As technology continues to play a larger role in Iowa’s economy, tech salaries are expected to increase.
- Average salary: $60,000–$100,000 annually for IT professionals such as software developers, data analysts, and network engineers. More experienced roles, such as IT managers, cybersecurity experts, and systems architects, can earn upwards of $120,000 annually.
- Education
Iowa places a strong emphasis on education, with a well-established public school system, several private institutions, and renowned universities such as the University of Iowa and Iowa State University.
The state has a high level of educational attainment, and teaching and administrative positions are in high demand. The salaries for educators vary depending on the level of education, location, and experience.
- Average salary: $40,000–$60,000 annually for K-12 teachers, with variations depending on experience, education level, and district. College professors and administrators earn between $60,000 and $100,000 annually, with senior roles in higher education reaching up to $150,000 annually.
- Finance and Insurance
Iowa is home to a large number of financial institutions, particularly in Des Moines, which has earned the nickname “The Hartford of the West” due to its robust insurance industry. The state is also home to several major banks and financial service firms. Roles in insurance, investment management, accounting, and financial advising are common, with many people working in the finance industry in Iowa.
- Average salary: $55,000–$90,000 annually for finance professionals, including accountants, auditors, and financial analysts. Senior roles such as financial managers, investment bankers, and insurance executives can earn $100,000–$150,000 annually, depending on the company and level of experience.
- Retail and Hospitality
Iowa has a strong retail and hospitality sector, particularly in cities like Des Moines, Cedar Rapids, and Iowa City. Retail sales and customer service jobs are widely available in the state, and many of Iowa’s residents are employed in these industries.
While entry-level positions in retail tend to offer lower wages, managerial roles in retail, restaurants, and hotels typically pay more competitive salaries.
- Average salary: $25,000–$35,000 annually for entry-level retail and service positions, with retail managers and restaurant supervisors earning between $45,000 and $70,000 annually. Senior management roles in large retail chains or hospitality establishments can earn $80,000–$100,000 annually.
- Construction
The construction industry in Iowa is growing, driven by infrastructure development, residential building, and commercial construction projects.
Iowa’s construction workforce includes general laborers, carpenters, electricians, plumbers, and heavy equipment operators. Skilled tradespeople in Iowa tend to earn competitive wages, particularly in large urban areas like Des Moines, Cedar Rapids, and Davenport.
- Average salary: $40,000–$60,000 annually for general construction laborers, with skilled tradespeople such as electricians, plumbers, and welders earning $50,000–$80,000 annually. Construction managers and project engineers can earn between $70,000 and $100,000 annually.
Cost of Living in Iowa
One of the biggest advantages of living and working in Iowa is its low cost of living compared to other states. Housing, utilities, and transportation are generally more affordable, making it an attractive place for workers and families.
The relatively low cost of living helps offset more modest salaries in some sectors, allowing residents to enjoy a good standard of living even on lower wages.
- Housing: The median home price in Iowa is about $180,000, which is significantly lower than the national average. Rent for a one-bedroom apartment in Des Moines ranges from $900 to $1,200 per month, while smaller towns and rural areas have even lower rent prices.
- Utilities and Groceries: Utility costs in Iowa are relatively affordable, with electricity and natural gas prices falling below the national average. Grocery costs in Iowa are also lower than the national average, allowing residents to save money on everyday expenses.
- Healthcare: Healthcare in Iowa is also affordable compared to other states, with costs slightly below the national average. Major hospitals in Des Moines and other cities provide a wide range of medical services at competitive prices.
Factors Influencing Salaries in Iowa
Several factors influence salary levels in Iowa, including:
- Industry Demand
As with any state, salaries in Iowa are determined by supply and demand within specific industries. Sectors like healthcare, technology, and finance offer higher wages due to the demand for skilled professionals. Conversely, industries like agriculture and retail offer lower wages, though the cost of living in these areas tends to be lower as well. - Location
The cost of living and wages are generally higher in urban areas like Des Moines, Cedar Rapids, and Davenport. Rural areas tend to have lower wages but also offer a more affordable lifestyle. Workers in small towns or rural regions can often maintain a similar standard of living with lower salaries due to the lower cost of housing and utilities. - Education and Experience
As with other states, education and experience are key drivers of wage differences. Professionals with advanced degrees or specialized skills, such as healthcare workers, technology professionals, and financial analysts, tend to earn more than those in less-skilled or entry-level roles. - Union Presence
Unions play a significant role in some sectors in Iowa, particularly in manufacturing and construction. Union workers in these industries typically enjoy higher wages, better benefits, and improved job security compared to non-unionized workers.
Conclusion
Salaries in Iowa vary widely depending on industry, location, and experience. While Iowa is known for its low cost of living, some sectors, such as healthcare, technology, and finance, offer competitive salaries.
Jobs in agriculture, retail, and hospitality generally pay less but are offset by the state’s affordable lifestyle. Iowa’s thriving economy, with strong agriculture, manufacturing, healthcare, and technology industries, offers opportunities for workers at all experience levels.
Iowa’s relatively low cost of living, along with its diverse job market and strong industries, makes it an attractive state for both new graduates and experienced professionals.
Whether you’re interested in pursuing a career in healthcare, education, technology, or agriculture, Iowa offers a wealth of opportunities for career growth and personal fulfillment.
