Average Business Teachers, Postsecondary Salary in Illinois
Business Teachers, Postsecondary in Illinois earn an average annual salary of $105,680, slightly below the national average of $108,950. This minor difference is often influenced by the specific economic landscape and demand within the state's educational institutions, which can affect compensation levels for specialized academic roles.
Executive Summary
- Average Salary: $105,680 per year.
- Growth Trend: Salaries have shifted 8.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,450.
- Outlook: With a local workforce of 3,390 Business Teachers, Postsecondary, Illinois demonstrates a stable presence in this field. The Location Quotient of 1.05 indicates a concentration slightly above the national average, suggesting a healthy demand and a robust job market for these educators within the state.
Salary Overview
The average Business Teachers, Postsecondary in Illinois earns-3.0%below the national average.
$50.8
$2,032
$8,807
Business Teachers, Postsecondary Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Business Teachers, Postsecondary in Illinois have seen consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for business education, and advancements in curriculum likely contribute to a positive salary trajectory.
Business Teachers, Postsecondary Salary Distribution in Illinois
Career progression for Business Teachers, Postsecondary in Illinois typically involves significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while senior faculty with extensive teaching and research experience can command salaries in the upper percentiles, reflecting their expertise and contributions to academia.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $36,670 | $17.6 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $79,260 | $38.1 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $82,490 | $39.7 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $132,100 | $63.5 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $210,450 | $101.2 |
Detailed Business Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$105,680
Gross Pay
Real Wage (Purchasing Power)
$115,120
Adjusted for COL (91.8)
The average annual salary of $105,680 in Illinois is quite favorable when considering the state's Cost of Living Index of 91.8. This index is below the national average of 100, meaning that the purchasing power of an Illinois-based Business Teacher's salary is likely higher than the nominal figure suggests, offering a good standard of living.
Job Market Context
3,390
Total Jobs
0.559
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Illinois has a slightly higher-than-average concentration of Business Teachers, Postsecondary roles compared to the national norm.
Illinois's Location Quotient of 1.05 for Business Teachers, Postsecondary signifies a job market that is slightly more concentrated than the national average. This suggests that while the demand is present and perhaps even a bit stronger than elsewhere, the market is not oversaturated, indicating a competitive yet accessible environment for professionals in this role.
Nearby Job Markets
Nearby Cities for Business Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Business Teachers, Postsecondary Salary | $109,300↑ 3% | 9 mi |
| Champaign-Urbana, IL Business Teachers, Postsecondary Salary | $168,360↑ 59% | 41 mi |
| Peoria, IL Business Teachers, Postsecondary Salary | $110,680↑ 5% | 43 mi |
Comparing salaries near Illinois
Hiring Business Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Business Teachers, Postsecondary make in Illinois?
The median annual salary for a Business Teachers, Postsecondary in Illinois is $105,680. This typically ranges from $36,670 for entry-level positions to $210,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Illinois is 3.0% lower than the national median of $108,950.
Is Illinois a lucrative place for Business Teachers, Postsecondarys?
Yes, Illinois offers a competitive environment for Business Teachers, Postsecondary.The average salary of $105,680, combined with a cost of living below the national average, provides strong earning potential. Furthermore, a location quotient slightly above the national average indicates a healthy demand for these professionals.
Is Illinois a good place to live for Business Teachers, Postsecondarys?
With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Illinois?
Some top paying nearby cities include Bloomington, IL ($109,300) and Champaign-Urbana, IL.
How does the Illinois salary compare to the national average?
The average annual salary for Business Teachers, Postsecondary in Illinois is $105,680, which is slightly lower than the national average of $108,950.
What is the concentration of Business Teachers, Postsecondary in Illinois?
Illinois has a Location Quotient of 1.05 for Business Teachers, Postsecondary, indicating a concentration slightly above the national average, suggesting a robust presence of these roles.
How does the cost of living affect the salary in Illinois?
With a Cost of Living Index of 91.8, which is below the national average, the $105,680 salary in Illinois offers a higher effective purchasing power than the nominal figure might suggest.
What does the workforce size indicate for this role in Illinois?
A local workforce of 3,390 Business Teachers, Postsecondary suggests a significant and established presence of this profession within the state's educational sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,390 employees in the Illinois area with a job density of 0.559 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 Teachers, Postsecondary • Data source: BLS OEWS 2024 •Jobs in Illinois