Average Business and Financial Operations Occupations Salary in Decatur, IL
In Decatur, IL, professionals in Business and Financial Operations Occupations earn an average annual salary of $87,690. This figure is slightly below the national average of $94,590, suggesting a localized compensation structure influenced by regional economic factors and industry demand within the state. The specific economic landscape of Decatur plays a crucial role in shaping these compensation levels.
Executive Summary
- Average Salary: $87,690 per year.
- Growth Trend: Salaries have shifted 25.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,490.
- Outlook: The Business and Financial Operations sector in Decatur, IL, comprises a workforce of 2,190 individuals. With a Location Quotient of 0.72, the concentration of these roles is slightly below the national average, indicating a moderate presence rather than an overabundance. The rate of 48.399 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for these critical functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Decatur, IL earns-7.3%below the national average.
$42.2
$1,686
$7,308
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations roles in Decatur, IL, have experienced consistent growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is typical for skilled professions, reflecting increased demand, evolving responsibilities, and the general rise in the cost of living that necessitates higher compensation.
Business and Financial Operations Occupations Salary Distribution in Decatur, IL
Career progression within Business and Financial Operations in Decatur, IL, typically sees a significant salary increase from entry-level to senior positions. While exact figures vary, the gap between the lowest and highest earners often represents substantial growth, with senior roles commanding considerably higher compensation. These percentile gaps are key indicators of the career advancement opportunities and the value placed on experience and expertise within the local market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,930 | $19.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,768 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,500 | $36.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,613 | $52.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $138,490 | $66.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$87,690
Gross Pay
Real Wage (Purchasing Power)
$87,690
Adjusted for COL (100)
The average annual salary of $87,690 in Decatur, IL, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial environment for residents. While the nominal salary is below the national average for the profession, the equivalent cost of living suggests that the take-home pay maintains a comparable standard of living.
Job Market Context
2,190
Total Jobs
48.399
Per 1K Jobs
0.72
Location Quotient
Decatur, IL has 0.72x the national average concentration of Business and Financial Operations Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.72, the Business and Financial Operations job market in Decatur, IL, is less concentrated than the national average. This suggests that while these roles are present and necessary, they are not as dominant a feature of the local economy compared to national trends. This could imply a stable but potentially less competitive market for highly specialized roles, offering opportunities for skilled professionals.
Nearby Job Markets
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Comparing salaries near Decatur, IL
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Decatur, IL?
The median annual salary for a Business and Financial Operations Occupations in Decatur, IL is $87,690. This typically ranges from $40,930 for entry-level positions to $138,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Decatur, IL is 7.3% lower than the national median of $94,590.
Is Decatur, IL a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.While the average salary of $87,690 is respectable, it falls below the national average of $94,590 for Business and Financial Operations roles. However, the cost of living being at the national average mitigates this difference significantly in terms of purchasing power.
Is Decatur, IL a good place to live for Business and Financial Operations 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 ($72,980) and East Central Illinois nonmetropolitan area.
How does Decatur's cost of living compare to the national average?
Decatur, IL, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services, including housing, transportation, and utilities, is comparable to the national benchmark.
Is there high demand for Business and Financial Operations roles in Decatur?
The demand is moderate, as indicated by 48.399 jobs per 1,000 workers and a Location Quotient of 0.72. While these roles are present, they are not as concentrated as in other national areas.
What is the total number of Business and Financial Operations professionals in Decatur?
The total local workforce for Business and Financial Operations Occupations in Decatur, IL, is 2,190 individuals.
How does the Decatur salary compare to the national average for this field?
The average annual salary in Decatur, IL ($87,690), is approximately 7.3% lower than the national average ($94,590) for Business and Financial Operations Occupations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,190 employees in the Decatur, IL area with a job density of 48.399 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Decatur, IL