Cedar Rapids vs Davenport: Financial Advisor Salary (2026)
Compare financial advisor salaries between Cedar Rapids, IA and Davenport, IA. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Cedar Rapids, IA | Davenport, IA |
|---|---|---|
| Median Salary | $96,400 | $128,650▲ |
| Hourly Rate | $46.35 | $61.85▲ |
| Entry Level (P10) | $53,530 | $63,808▲ |
| 25th Percentile | $72,031 | $75,264▲ |
| 75th Percentile | $155,177 | $224,378▲ |
| Top Earner (P90) | $317,441 | $491,264▲ |
| Total Employed | 250▲ | 180 |
Verdict
Davenport, IA offers better overall compensation for financial advisors, winning 3 out of 4 metrics compared to Cedar Rapids.
The salary gap between Cedar Rapids and Davenport is $32,250 (33.45%). Davenport's median is +18.53% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Cedar Rapids spans $263,911,Davenport spans $427,456. Davenport has a wider pay range, suggesting more variation in pay between entry-level and experienced financial advisors.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Davenport ($144,422 effective) pays 33.28% more than Cedar Rapids ($108,360 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Cedar Rapids if…
- ✓Larger job market (250 employed)
- ✓You prefer the Iowa area and lifestyle
Choose Davenport if…
- ✓Higher median salary ($128,650/year)
- ✓Better top-earner potential ($491,264)
- ✓Better purchasing power (CoL-adjusted: $144,422)
- ✓You prefer the Iowa area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Cedar Rapids grew 146.3% from 2019 to 2025, compared to 57.8% growth in Davenport over the same period.
Cedar Rapids, IA
$37,890 (2019) → $93,320 (2025)
Davenport, IA
$78,940 (2019) → $124,540 (2025)
View Full Salary Data
Cedar Rapids, IA
Davenport, IA
Frequently Asked Questions
Which city pays financial advisors more: Cedar Rapids or Davenport?
What is the hourly rate difference between Cedar Rapids and Davenport?
Should I relocate from Cedar Rapids to Davenport as a financial advisor?
What do entry-level financial advisors earn in Cedar Rapids vs Davenport?
Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 3.30% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov