SalaryNode

Average All Occupations Salary in Champaign-Urbana, IL

In Champaign-Urbana, IL, the average annual salary for all occupations stands at $63,530. This figure is slightly below the national average of $67,140, reflecting a localized economic landscape that influences compensation. Factors such as the specific industry mix and the overall demand within the region contribute to this salary benchmark.

Executive Summary

  • Average Salary: $63,530 per year.
  • Growth Trend: Salaries have shifted 18.3% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $104,390.
  • Outlook: Champaign-Urbana boasts a substantial workforce of 104,620 individuals, indicating a significant labor market. With a jobs-per-1,000-workers ratio of 1000 and a location quotient of 1, the concentration of jobs aligns precisely with the national average, suggesting a stable and balanced employment environment without significant over or under-representation of specific sectors.
2024 Market Data

Salary Overview

$63,530

The average All Occupations in Champaign-Urbana, IL earns-5.4%below the national average.

BreakdownBased on 40h/week
Hourly

$30.5

Weekly

$1,222

Monthly

$5,294

All Occupations Salary Distribution in Champaign-Urbana, IL

Salary progression in Champaign-Urbana, as in most markets, is typically tied to experience and skill level. Entry-level positions will generally fall at the lower end of the pay scale, while senior roles, demanding extensive expertise and responsibility, command significantly higher compensation. The widening gap between entry-level and senior salaries represents clear career progression pathways and the increasing value placed on seasoned professionals.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$29,930$14.4
ExperiencedProficient professional working independently.25% (Junior)$47,648$22.9
Mid-LevelEstablished expert. Standard market value.50% (Median)$48,600$23.4
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$79,413$38.2
Top TierIndustry leader / Executive level compensation.90% (Expert)$104,390$50.2

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$63,530

Gross Pay

Real Wage (Purchasing Power)

$63,530

Adjusted for COL (100)

The nominal average salary of $63,530 in Champaign-Urbana aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of a salary in Champaign-Urbana is comparable to the national average, making it neither exceptionally expensive nor remarkably affordable from a cost-of-living perspective.

Job Market Context

104,620

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

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

A location quotient of 1 for all occupations in Champaign-Urbana signifies that the concentration of jobs in this category is exactly in line with the national average. This suggests a job market that is neither disproportionately concentrated nor scarce in its overall employment opportunities compared to the rest of the country, indicating a competitive yet stable environment.

Nearby Job Markets

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Champaign-Urbana, IL?

The median annual salary for a All Occupations in Champaign-Urbana, IL is $63,530. This typically ranges from $29,930 for entry-level positions to $104,390 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Champaign-Urbana, IL is 5.4% lower than the national median of $67,140.

Is Champaign-Urbana, IL a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.The average salary of $63,530 is below the national average of $67,140, although the cost of living is on par with the national average.

Is Champaign-Urbana, IL a good place to live for All Occupations?

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

Where are the highest paying cities near Champaign-Urbana, IL?

Some top paying nearby cities include Decatur, IL ($63,120) and West Central Illinois nonmetropolitan area.

How does the average salary in Champaign-Urbana compare to the national average?

The average annual salary for all occupations in Champaign-Urbana is $63,530, which is slightly lower than the national average of $67,140.

What is the cost of living in Champaign-Urbana, IL?

The cost of living index in Champaign-Urbana is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.

How large is the workforce in Champaign-Urbana, IL?

Champaign-Urbana has a total local workforce of 104,620 individuals.

What does a Location Quotient of 1 mean for Champaign-Urbana?

A Location Quotient of 1 means that the concentration of jobs for all occupations in Champaign-Urbana is the same as the national average, indicating a balanced job market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 104,620 employees in the Champaign-Urbana, IL area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.