SalaryNode

Average All Occupations Salary in Peoria, IL

In Peoria, IL, the average annual salary for All Occupations stands at $62,450, which is slightly below the national average of $67,140. This localized pay rate is influenced by a variety of factors specific to the Peoria metropolitan area, including the local economic landscape, industry demands, and the overall cost of doing business within the region.

Executive Summary

  • Average Salary: $62,450 per year.
  • Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $103,850.
  • Outlook: Peoria, IL boasts a substantial workforce of 165,230 individuals, indicating a significant labor market. The Location Quotient of 1.0 for All Occupations suggests that the concentration of these jobs in Peoria is on par with the national average, implying a stable and consistent demand for these roles within the local economy.
2024 Market Data

Salary Overview

$62,450

The average All Occupations in Peoria, IL earns-7.0%below the national average.

BreakdownBased on 40h/week
Hourly

$30

Weekly

$1,201

Monthly

$5,204

All Occupations Salary Distribution in Peoria, IL

Salary progression for All Occupations in Peoria, IL, typically scales with experience. Entry-level positions may start at the lower percentiles, while senior or highly specialized roles command salaries in the upper percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities and increased earning potential as professionals gain expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$29,800$14.3
ExperiencedProficient professional working independently.25% (Junior)$46,838$22.5
Mid-LevelEstablished expert. Standard market value.50% (Median)$47,990$23.1
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$78,063$37.5
Top TierIndustry leader / Executive level compensation.90% (Expert)$103,850$49.9

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$62,450

Gross Pay

Real Wage (Purchasing Power)

$62,450

Adjusted for COL (100)

The nominal average salary of $62,450 in Peoria, IL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in Peoria is equivalent to the national average, suggesting that the cost of essential goods and services is neither significantly higher nor lower than the typical American city.

Job Market Context

165,230

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Peoria, 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 Peoria, IL, is neither over-saturated nor exceptionally scarce compared to the national landscape. This equilibrium suggests a competitive yet accessible market where employers can find qualified candidates, and job seekers have a reasonable number of opportunities available.

Nearby Job Markets

Nearby Cities for All Occupations

CitySalaryDist.
Bloomington, IL All Occupations Salary$68,600↑ 10%39 mi
West Central Illinois nonmetropolitan area All Occupations Salary$55,230↓ 12%43 mi
East Central Illinois nonmetropolitan area All Occupations Salary$56,070↓ 10%43 mi
Northwest Illinois nonmetropolitan area All Occupations Salary$56,440↓ 10%43 mi
South Illinois nonmetropolitan area All Occupations Salary$56,170↓ 10%43 mi

Comparing salaries near Peoria, IL

Hiring All Occupationss?

Frequently Asked Questions

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

The median annual salary for a All Occupations in Peoria, IL is $62,450. This typically ranges from $29,800 for entry-level positions to $103,850 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Peoria, IL is 7.0% lower than the national median of $67,140.

Is Peoria, IL a lucrative place for All Occupationss?

No, not significantly more lucrative than the national average.While the average salary of $62,450 is respectable, it falls slightly below the national average. However, the cost of living is also at the national average, meaning your earnings will have comparable purchasing power.

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

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

Where are the highest paying cities near Peoria, IL?

Some top paying nearby cities include Bloomington, IL ($68,600) and West Central Illinois nonmetropolitan area.

What is the average salary for All Occupations in Peoria, IL?

The average annual salary for All Occupations in Peoria, IL is $62,450.

How does Peoria's cost of living compare to the national average?

Peoria, IL has a Cost of Living Index of 100, which is exactly the national average. This means the cost of goods and services is comparable to the rest of the country.

Is there high demand for All Occupations in Peoria, IL?

The Location Quotient of 1.0 indicates that the concentration of All Occupations jobs in Peoria is average, suggesting a stable but not exceptionally high demand compared to the national level.

What is the total workforce size in Peoria, IL?

Peoria, IL has a total local workforce of 165,230 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 165,230 employees in the Peoria, IL area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Peoria, IL