Agents and Business Managers of Artists, Performers, and Athletes in the Chicago-Naperville-Elgin, IL-IN area earn an average annual salary of $97,730. This figure is notably lower than the national average of $165,620, suggesting that local market dynamics, industry concentration, and potentially the cost of doing business in Chicago influence compensation levels for these specialized roles.
Executive Summary
- Average Salary: $97,730 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $162,970.
- Outlook: The job market for Agents and Business Managers of Artists, Performers, and Athletes in Chicago-Naperville-Elgin, IL-IN appears to be relatively niche, with a total local workforce of 250 individuals. The Location Quotient of 0.61 indicates a lower concentration of these professionals compared to the national average, suggesting that while opportunities exist, the demand may not be as robust as in more concentrated metropolitan areas.
Salary Overview
The average Agents and Business Managers of Artists, Performers, and Athletes in Chicago-Naperville-Elgin, IL-IN earns-41.0%below the national average.
$47
$1,879
$8,144
Agents and Business Managers of Artists, Performers, and Athletes Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for specialized roles like Agents and Business Managers of Artists, Performers, and Athletes have seen a gradual upward trend over the past four years, mirroring broader economic growth and inflation. This suggests that professionals in this field in Chicago have likely experienced modest increases in their earning potential, though the pace of growth can be influenced by local industry performance and competition.
Agents and Business Managers of Artists, Performers, and Athletes Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Agents and Business Managers of Artists, Performers, and Athletes typically scales significantly with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with established client lists and a proven track record can command salaries well into the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth and earning potential within this specialized field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,260 | $24.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,298 | $35.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,670 | $35.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $122,163 | $58.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $162,970 | $78.4 |
Detailed Agents and Business Managers of Artists, Performers, and Athletes Market Analysis
Relocation Context
Nominal Salary
$97,730
Gross Pay
Real Wage (Purchasing Power)
$97,730
Adjusted for COL (100)
The nominal average salary of $97,730 in Chicago-Naperville-Elgin, IL-IN aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of an agent's or manager's salary in this region is equivalent to the national average. While the salary is lower than the national average for the profession, the cost of living being at par suggests that the take-home pay may offer comparable lifestyle stability to other major US cities.
Job Market Context
250
Total Jobs
0.057
Per 1K Jobs
0.61
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 0.61x the national average concentration of Agents and Business Managers of Artists, Performers, and Athletes jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.61, the Chicago-Naperville-Elgin, IL-IN metropolitan area has a lower concentration of Agents and Business Managers of Artists, Performers, and Athletes than the national average. This suggests that the job market is less saturated, potentially offering unique opportunities for skilled professionals to establish themselves. However, it also implies that the overall demand might be more limited compared to regions with a higher concentration of entertainment and sports industries.
Nearby Job Markets
Hiring Agents and Business Managers of Artists, Performers, and Athletess?
Frequently Asked Questions
How much does a Agents and Business Managers of Artists, Performers, and Athletes make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Agents and Business Managers of Artists, Performers, and Athletes in Chicago-Naperville-Elgin, IL-IN is $97,730. This typically ranges from $50,260 for entry-level positions to $162,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 41.0% lower than the national median of $165,620.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Agents and Business Managers of Artists, Performers, and Athletess?
No, not compared to the national average.While the Cost of Living is average, the local salary of $97,730 is significantly lower than the national average of $165,620 for this profession.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Agents and Business Managers of Artists, Performers, and Athletes?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
How does the local workforce size affect job prospects?
A smaller local workforce of 250 suggests a more specialized and potentially less competitive market, but also indicates a potentially lower overall demand for these roles compared to larger, more industry-rich metropolitan areas.
What does a Location Quotient of 0.61 mean for this role?
A Location Quotient below 1.0, like 0.61, signifies that this profession is less concentrated in Chicago-Naperville-Elgin, IL-IN than the national average, implying fewer job opportunities relative to the overall workforce.
How does Chicago's Cost of Living compare to the national average?
Chicago-Naperville-Elgin, IL-IN has a Cost of Living Index of 100, which is exactly the national average, meaning expenses for housing, goods, and services are comparable to the rest of the country.
What is the job density for this role in Chicago?
The density of jobs per 1,000 workers for Agents and Business Managers of Artists, Performers, and Athletes in Chicago is 0.057, indicating a very small presence of this specific occupation within the broader labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.057 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Agents and Business Managers of Artists, Performers, and Athletes Salaries by State
Top Jobs in Chicago-Naperville-Elgin, IL-IN
- All Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Office and Administrative Support Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Transportation and Material Moving Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Management Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Sales and Related Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Food Preparation and Serving Related Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Business and Financial Operations Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Production Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Healthcare Practitioners and Technical Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Educational Instruction and Library Occupations Salary in Chicago-Naperville-Elgin, IL-IN
- Browse All Jobs in Chicago-Naperville-Elgin, IL-IN →
Semantic Salary Analysis for Agents and Business Managers of Artists, Performers, and Athletes • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN