Average All Occupations Salary in Decatur, IL
In Decatur, IL, the average annual salary for All Occupations stands at $63,120, which is slightly below the national average of $67,140. This localized pay rate reflects the specific economic conditions and industry demands present within the Decatur metropolitan area. Factors such as the local cost of living and the concentration of specific industries play a significant role in shaping compensation.
Executive Summary
- Average Salary: $63,120 per year.
- Growth Trend: Salaries have shifted 31.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,040.
- Outlook: Decatur, IL boasts a substantial workforce of 45,270 individuals within All Occupations. With a Location Quotient of 1.0, the concentration of these jobs aligns precisely with the national average, suggesting a stable and balanced job market. The presence of 1,000 jobs per 1,000 workers indicates a robust employment landscape where opportunities are readily available for the local population.
Salary Overview
The average All Occupations in Decatur, IL earns-6.0%below the national average.
$30.4
$1,214
$5,260
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for All Occupations in Decatur, IL have experienced gradual growth over the past four years, mirroring national trends. Economic development initiatives and shifts in industry demand typically contribute to modest annual increases in compensation, ensuring that local wages remain competitive within the regional context.
All Occupations Salary Distribution in Decatur, IL
Salary progression in All Occupations typically scales with experience. Entry-level positions often fall within the lower percentiles of the $63,120 average, while senior roles and specialized positions command salaries in the higher percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement pathways and increased earning potential for dedicated professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $29,950 | $14.4 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $47,340 | $22.8 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $49,640 | $23.9 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $78,900 | $37.9 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $105,040 | $50.5 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$63,120
Gross Pay
Real Wage (Purchasing Power)
$63,120
Adjusted for COL (100)
The nominal average salary of $63,120 in Decatur, IL is directly offset by a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of the Decatur salary is equivalent to the national average, indicating that the cost of essential goods and services is neither a significant advantage nor a disadvantage for residents compared to the rest of the country.
Job Market Context
45,270
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Decatur, IL has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1.0 for All Occupations in Decatur, IL signifies that the concentration of these jobs in the area is exactly in line with the national average. This suggests a balanced job market where demand and supply for these roles are well-matched, indicating a competitive but not overly saturated environment for professionals.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area All Occupations Salary | $55,230↓ 13% | 34 mi |
| East Central Illinois nonmetropolitan area All Occupations Salary | $56,070↓ 11% | 34 mi |
| Northwest Illinois nonmetropolitan area All Occupations Salary | $56,440↓ 11% | 34 mi |
| South Illinois nonmetropolitan area All Occupations Salary | $56,170↓ 11% | 34 mi |
| Springfield, IL All Occupations Salary | $66,320↑ 5% | 39 mi |
Comparing salaries near Decatur, IL
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Decatur, IL?
The median annual salary for a All Occupations in Decatur, IL is $63,120. This typically ranges from $29,950 for entry-level positions to $105,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Decatur, IL is 6.0% lower than the national median of $67,140.
Is Decatur, IL a lucrative place for All Occupationss?
No, not significantly more lucrative than the national average.While the average salary of $63,120 is substantial, it falls slightly below the national average. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is Decatur, IL a good place to live for All Occupations?
The Cost of Living Index in Decatur, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Decatur, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($55,230) and East Central Illinois nonmetropolitan area.
How does Decatur's average salary compare to the national average?
The average annual salary for All Occupations in Decatur, IL is $63,120, which is approximately $4,020 less than the national average of $67,140.
What is the significance of the Location Quotient in Decatur, IL?
A Location Quotient of 1.0 indicates that the proportion of All Occupations jobs in Decatur, IL is the same as the national average, suggesting a balanced job market.
Does the cost of living in Decatur, IL affect salary value?
With a Cost of Living Index of 100, Decatur's cost of living matches the national average. Therefore, the $63,120 salary has the same purchasing power as the national average salary.
How large is the All Occupations workforce in Decatur, IL?
Decatur, IL has a total local workforce of 45,270 individuals employed in All Occupations, indicating a significant presence in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 45,270 employees in the Decatur, IL area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Decatur, IL