Davenport vs Ottumwa: Financial Advisor Salary (2026)
Compare financial advisor salaries between Davenport, IA and Ottumwa, IA. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Davenport, IA | Ottumwa, IA |
|---|---|---|
| Median Salary | $128,650▲ | $88,379 |
| Hourly Rate | $61.85▲ | $42.49 |
| Entry Level (P10) | $63,808▲ | $51,260 |
| 25th Percentile | $75,264▲ | $64,033 |
| 75th Percentile | $224,378▲ | $113,126 |
| Top Earner (P90) | $491,264▲ | $136,988 |
| Total Employed | 180▲ | 5 |
Verdict
Davenport, IA offers better overall compensation for financial advisors, winning 4 out of 4 metrics compared to Ottumwa.
The salary gap between Davenport and Ottumwa is $40,271 (45.57%). 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 Davenport spans $427,456,Ottumwa spans $85,728. Davenport has a wider pay range, meaning more potential for high earners but also more variation.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Davenport ($144,422 effective) pays 47.72% more than Ottumwa ($97,764 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Davenport if…
- ✓Higher median salary ($128,650/year)
- ✓Better top-earner potential ($491,264)
- ✓Larger job market (180 employed)
- ✓Better purchasing power (CoL-adjusted: $144,422)
- ✓You prefer the Iowa area and lifestyle
Choose Ottumwa if…
- ✓You prefer the Iowa area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Davenport grew 57.8% from 2019 to 2025, compared to 15.6% growth in Ottumwa over the same period.
Davenport, IA
$78,940 (2019) → $124,540 (2025)
Ottumwa, IA
$74,016 (2024) → $85,556 (2025)
View Full Salary Data
Davenport, IA
Ottumwa, IA
Frequently Asked Questions
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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