SalaryNode

Average All Occupations Salary in Northwest Illinois nonmetropolitan area

The average annual salary for All Occupations in the Northwest Illinois nonmetropolitan area is $56,440, falling below the national average of $67,140. This disparity is often influenced by regional economic factors, industry concentration, and the specific demand for labor within this nonmetropolitan setting.

Executive Summary

  • Average Salary: $56,440 per year.
  • Growth Trend: Salaries have shifted 20.9% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $95,300.
  • Outlook: With a substantial local workforce of 128,380 individuals, the Northwest Illinois nonmetropolitan area demonstrates a significant labor pool. A Location Quotient of 1.0 indicates that the concentration of jobs in this region is on par with the national average, suggesting a stable and consistent demand for labor across various occupations.
2024 Market Data

Salary Overview

$56,440

The average All Occupations in Northwest Illinois nonmetropolitan area earns-15.9%below the national average.

BreakdownBased on 40h/week
Hourly

$27.1

Weekly

$1,085

Monthly

$4,703

All Occupations Salary Distribution in Northwest Illinois nonmetropolitan area

Salary progression in All Occupations typically scales with experience, moving from entry-level positions to mid-career and senior roles. While exact percentile data isn't available, the widening gap between lower and higher salary percentiles signifies clear opportunities for career advancement and increased earning potential for dedicated professionals within the region.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$29,310$14.1
ExperiencedProficient professional working independently.25% (Junior)$42,330$20.4
Mid-LevelEstablished expert. Standard market value.50% (Median)$45,850$22
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$70,550$33.9
Top TierIndustry leader / Executive level compensation.90% (Expert)$95,300$45.8

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$56,440

Gross Pay

Real Wage (Purchasing Power)

$56,440

Adjusted for COL (100)

The nominal average annual salary of $56,440 in Northwest Illinois nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This suggests that the purchasing power of the average salary in this region is comparable to the national standard, offering a balanced financial landscape for residents.

Job Market Context

128,380

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Northwest Illinois nonmetropolitan area 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 Northwest Illinois nonmetropolitan area signifies that the job market's concentration is neither significantly more nor less competitive than the national average. This indicates a balanced job market where opportunities are present but not necessarily overwhelmingly abundant or scarce compared to national benchmarks.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Northwest Illinois nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Northwest Illinois nonmetropolitan area?

The median annual salary for a All Occupations in Northwest Illinois nonmetropolitan area is $56,440. This typically ranges from $29,310 for entry-level positions to $95,300 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Northwest Illinois nonmetropolitan area is 15.9% lower than the national median of $67,140.

Is Northwest Illinois nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.The average salary of $56,440 is notably lower than the national average of $67,140. However, the cost of living is also at the national average, making the real value of the salary comparable.

Is Northwest Illinois nonmetropolitan area a good place to live for All Occupations?

The Cost of Living Index in Northwest Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Northwest Illinois nonmetropolitan area?

Some top paying nearby cities include Bloomington, IL ($68,600) and Decatur, IL.

What is the average salary for All Occupations in Northwest Illinois nonmetropolitan area?

The average annual salary for All Occupations in the Northwest Illinois nonmetropolitan area is $56,440.

How does the Northwest Illinois nonmetropolitan area salary compare to the national average?

The average salary in Northwest Illinois nonmetropolitan area ($56,440) is lower than the national average salary of $67,140.

What is the Cost of Living Index in Northwest Illinois nonmetropolitan area?

The Cost of Living Index in the Northwest Illinois nonmetropolitan area is 100, which is the national average.

How large is the workforce in Northwest Illinois nonmetropolitan area?

The total local workforce in the Northwest Illinois nonmetropolitan area consists of 128,380 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 128,380 employees in the Northwest Illinois nonmetropolitan area area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.