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Average Brokerage Clerks Salary in Illinois

Brokerage Clerks in Illinois earn an average annual salary of $62,560. This figure is slightly below the national average of $67,890, suggesting that while the demand is present, local market dynamics and potentially a lower cost of living contribute to this compensation structure. The specific economic landscape of Illinois influences the pay scale for these essential financial support roles.

Executive Summary

  • Average Salary: $62,560 per year.
  • Growth Trend: Salaries have shifted 0.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $88,660.
  • Outlook: With a local workforce of 1,600 Brokerage Clerks and a Location Quotient of 1.02, the job market in Illinois indicates a stable and slightly above-average concentration of these professionals compared to the national landscape. This suggests a consistent demand for their services, underpinning a robust employment environment for individuals in this field within the state.
2024 Market Data

Salary Overview

$62,560

The average Brokerage Clerks in Illinois earns-7.9%below the national average.

BreakdownBased on 40h/week
Hourly

$30.1

Weekly

$1,203

Monthly

$5,213

Brokerage Clerks Salary Distribution in Illinois

Career progression for Brokerage Clerks in Illinois typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with specialized skills and extensive experience can command salaries considerably higher than the average. The percentile gaps in earnings clearly signify the career advancement opportunities available within this profession.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,740$17.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$46,920$22.6
ManagerOversees team, compliance, and project delivery.50% (Median)$59,590$28.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$78,200$37.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$88,660$42.6

Detailed Brokerage Clerks Market Analysis

Relocation Context

Nominal Salary

$62,560

Gross Pay

Real Wage (Purchasing Power)

$68,148

Adjusted for COL (91.8)

The average annual salary of $62,560 in Illinois presents a favorable financial standing when considered against the state's Cost of Living Index of 91.8. This index, being below the national average of 100, means that the purchasing power of a Brokerage Clerk's salary in Illinois is likely greater than the nominal figure suggests, offering a comfortable lifestyle relative to national benchmarks.

Job Market Context

1,600

Total Jobs

0.264

Per 1K Jobs

1.02

Location Quotient

Above Average

With a location quotient of 1.02, Illinois has a slightly higher-than-average concentration of Brokerage Clerks roles compared to the national norm.

Illinois's Location Quotient of 1.02 for Brokerage Clerks signifies a job market that is nearly on par with the national average in terms of professional concentration. This indicates a healthy and competitive environment where the number of available positions closely aligns with the number of professionals, suggesting steady opportunities without extreme saturation or scarcity.

Nearby Job Markets

Hiring Brokerage Clerkss?

Frequently Asked Questions

How much does a Brokerage Clerks make in Illinois?

The median annual salary for a Brokerage Clerks in Illinois is $62,560. This typically ranges from $36,740 for entry-level positions to $88,660 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Illinois is 7.9% lower than the national median of $67,890.

Is Illinois a lucrative place for Brokerage Clerks?

Yes, with a caveat regarding cost of living.Illinois offers a competitive salary for Brokerage Clerks that, when adjusted for the lower cost of living, provides strong purchasing power. The stable job market concentration further supports its attractiveness for these roles.

Is Illinois a good place to live for Brokerage Clerks?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

How does the Illinois salary compare to the national average?

The average salary for Brokerage Clerks in Illinois is $62,560, which is approximately $5,330 less than the national average of $67,890.

What is the total number of Brokerage Clerks in Illinois?

There are approximately 1,600 Brokerage Clerks employed in Illinois.

How does the cost of living in Illinois affect salary perception?

With a Cost of Living Index of 91.8, Illinois is more affordable than the national average, meaning the $62,560 salary offers better real value and purchasing power.

Is the concentration of Brokerage Clerks high in Illinois?

The Location Quotient of 1.02 indicates that the concentration of Brokerage Clerks in Illinois is slightly above the national average, suggesting a healthy and stable job market for this profession.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,600 employees in the Illinois area with a job density of 0.264 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Brokerage Clerks • Data source: BLS OEWS 2024 •Jobs in Illinois