Average Bioengineers and Biomedical Engineers Salary in Chicago-Naperville-Elgin, IL-IN
Bioengineers and Biomedical Engineers in the Chicago-Naperville-Elgin, IL-IN area earn an average annual salary of $99,520. This figure is notably below the national average of $115,990, suggesting that local market dynamics, such as industry demand and the concentration of specialized roles, may influence compensation levels in this metropolitan region.
Executive Summary
- Average Salary: $99,520 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,180.
- Outlook: The local job market for Bioengineers and Biomedical Engineers in Chicago-Naperville-Elgin, IL-IN, while not exceptionally concentrated with a Location Quotient of 0.46, supports a workforce of 290 professionals. This indicates a stable, albeit niche, presence of these roles within the region, suggesting consistent, though not rapidly expanding, employment opportunities.
Salary Overview
The average Bioengineers and Biomedical Engineers in Chicago-Naperville-Elgin, IL-IN earns-14.2%below the national average.
$47.9
$1,914
$8,293
Bioengineers and Biomedical Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bioengineers and Biomedical Engineers in the Chicago-Naperville-Elgin, IL-IN area have experienced growth over the past four years, mirroring national trends. Factors such as technological advancements, increased healthcare demands, and inflation likely contribute to a steady upward trajectory in compensation for these skilled professionals.
Bioengineers and Biomedical Engineers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Bioengineers and Biomedical Engineers typically scales significantly with experience. Entry-level positions often start at the lower percentiles, while seasoned professionals with specialized skills and extensive project experience can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies substantial career growth and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $47,460 | $22.8 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $74,640 | $35.9 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $96,320 | $46.3 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $124,400 | $59.8 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $134,180 | $64.5 |
Detailed Bioengineers and Biomedical Engineers Market Analysis
Relocation Context
Nominal Salary
$99,520
Gross Pay
Real Wage (Purchasing Power)
$99,520
Adjusted for COL (100)
The average annual salary of $99,520 for Bioengineers and Biomedical Engineers in Chicago-Naperville-Elgin, IL-IN aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is comparable to the national average, offering a stable financial foundation for residents within this major metropolitan area.
Job Market Context
290
Total Jobs
0.065
Per 1K Jobs
0.46
Location Quotient
At 0.46x, Chicago-Naperville-Elgin, IL-IN has a notably lower concentration of Bioengineers and Biomedical Engineers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.46, the Chicago-Naperville-Elgin, IL-IN area exhibits a lower concentration of Bioengineers and Biomedical Engineers compared to the national average. This suggests that while opportunities exist, the market is less saturated, potentially offering a competitive edge for skilled professionals seeking employment in this specialized field.
Nearby Job Markets
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Frequently Asked Questions
How much does a Bioengineers and Biomedical Engineers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Bioengineers and Biomedical Engineers in Chicago-Naperville-Elgin, IL-IN is $99,520. This typically ranges from $47,460 for entry-level positions to $134,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 14.2% lower than the national median of $115,990.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Bioengineers and Biomedical Engineers?
No, it is slightly below the national average.The average salary of $99,520 is lower than the national average of $115,990. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Bioengineers and Biomedical Engineers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
What is the national average salary for Bioengineers and Biomedical Engineers?
The national average annual salary for Bioengineers and Biomedical Engineers is $115,990.
How does the local workforce size impact job prospects?
A local workforce of 290 indicates a moderate presence of Bioengineers and Biomedical Engineers, suggesting stable but not abundant job opportunities within the Chicago-Naperville-Elgin, IL-IN area.
What does a Location Quotient of 0.46 mean for this role?
A Location Quotient of 0.46 signifies that Bioengineers and Biomedical Engineers are less concentrated in Chicago-Naperville-Elgin, IL-IN compared to the national average, implying a less competitive job market relative to national density.
How does the Cost of Living in Chicago compare nationally?
The Cost of Living Index for Chicago-Naperville-Elgin, IL-IN is 100, which is exactly the national average, indicating that expenses for goods and services are comparable to the rest of the country.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.065 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Bioengineers and Biomedical Engineers • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN