SalaryNode

Average All Occupations Salary in Bloomington, IL

In Bloomington, IL, the average annual salary for All Occupations stands at $68,600, slightly surpassing the national average of $67,140. This competitive compensation reflects the specific economic drivers and labor demands within the Bloomington area, which influence pay rates for its substantial workforce.

Executive Summary

  • Average Salary: $68,600 per year.
  • Growth Trend: Salaries have shifted 19.8% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $126,770.
  • Outlook: Bloomington, IL boasts a robust job market for All Occupations, evidenced by a significant local workforce of 90,160 individuals. The Location Quotient of 1.0 indicates that the concentration of these jobs aligns precisely with the national average, suggesting a stable and well-established demand for these roles within the region's economy.
2024 Market Data

Salary Overview

$68,600

The average All Occupations in Bloomington, IL earns+2.2%above the national average.

BreakdownBased on 40h/week
Hourly

$33

Weekly

$1,319

Monthly

$5,717

All Occupations Salary Distribution in Bloomington, IL

Salary progression for All Occupations in Bloomington, IL, like elsewhere, is strongly tied to experience. Entry-level positions typically command lower salaries, while senior roles, requiring extensive expertise and leadership, can significantly increase earning potential. The widening gap between entry-level and senior salaries highlights clear opportunities for career advancement and increased compensation over time.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$29,440$14.2
ExperiencedProficient professional working independently.25% (Junior)$51,450$24.7
Mid-LevelEstablished expert. Standard market value.50% (Median)$51,270$24.6
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$85,750$41.2
Top TierIndustry leader / Executive level compensation.90% (Expert)$126,770$60.9

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$68,600

Gross Pay

Real Wage (Purchasing Power)

$68,600

Adjusted for COL (100)

The nominal average salary of $68,600 in Bloomington, IL, is perfectly balanced by the local Cost of Living Index of 100, which is on par with the national average. This means that the purchasing power of an average salary in Bloomington is equivalent to the national standard, offering a stable financial environment for residents.

Job Market Context

90,160

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Bloomington, IL has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

With a Location Quotient of 1.0, the job market for All Occupations in Bloomington, IL, is neither significantly more nor less concentrated than the national average. This suggests a balanced and competitive landscape where job opportunities are readily available but not overwhelmingly abundant, requiring a standard level of effort to secure employment.

Nearby Job Markets

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Bloomington, IL?

The median annual salary for a All Occupations in Bloomington, IL is $68,600. This typically ranges from $29,440 for entry-level positions to $126,770 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Bloomington, IL is 2.2% higher than the national median of $67,140.

Is Bloomington, IL a lucrative place for All Occupationss?

Yes, Bloomington, IL offers a competitive salary for All Occupations.The average salary of $68,600 is slightly above the national average, and the cost of living is exactly at the national average, indicating good purchasing power.

Is Bloomington, IL a good place to live for All Occupations?

The Cost of Living Index in Bloomington, IL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Bloomington, IL?

Some top paying nearby cities include West Central Illinois nonmetropolitan area ($55,230) and East Central Illinois nonmetropolitan area.

What is the total workforce size in Bloomington, IL for All Occupations?

The total local workforce for All Occupations in Bloomington, IL comprises 90,160 individuals.

How does Bloomington, IL compare to the national average for All Occupations salaries?

The average annual salary for All Occupations in Bloomington, IL is $68,600, which is slightly higher than the national average of $67,140.

What does a Location Quotient of 1.0 mean for All Occupations in Bloomington, IL?

A Location Quotient of 1.0 signifies that the concentration of All Occupations jobs in Bloomington, IL is equivalent to the national average, indicating a balanced job market.

How does the cost of living in Bloomington, IL affect the average salary?

With a Cost of Living Index of 100, the average salary of $68,600 in Bloomington, IL holds its value comparably to the national average, suggesting no significant impact from local living expenses.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90,160 employees in the Bloomington, IL area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.