Average Claims Adjusters, Examiners, and Investigators Salary in Peoria, IL
In Peoria, IL, Claims Adjusters, Examiners, and Investigators earn an average annual salary of $76,720. This figure is remarkably close to the national average of $76,760, indicating a stable compensation landscape. Local economic factors and the specific demand within the Peoria region play a significant role in aligning these salaries with the broader national trends.
Executive Summary
- Average Salary: $76,720 per year.
- Growth Trend: Salaries have shifted 3.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $101,470.
- Outlook: The job market for Claims Adjusters, Examiners, and Investigators in Peoria, IL, shows a steady presence with a total local workforce of 240 individuals. While the Location Quotient of 0.75 suggests a slightly lower concentration compared to the national average, the presence of nearly 1.5 jobs per 1,000 workers indicates consistent, albeit not exceptionally high, demand for these specialized roles within the local economy.
Salary Overview
The average Claims Adjusters, Examiners, and Investigators in Peoria, IL earns-0.1%below the national average.
$36.9
$1,475
$6,393
Claims Adjusters, Examiners, and Investigators Salary Trends (2020-2024)
While specific historical data for Peoria is not provided, it's reasonable to assume that the compensation for Claims Adjusters, Examiners, and Investigators has seen a gradual upward trend over the past four years, mirroring national patterns of salary growth driven by inflation, increased demand, and evolving industry standards. This suggests a positive trajectory for earning potential in this field.
Claims Adjusters, Examiners, and Investigators Salary Distribution in Peoria, IL
Career progression for Claims Adjusters, Examiners, and Investigators typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles. These percentile gaps are a clear indicator of the value placed on experience and specialized knowledge within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,330 | $27.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,540 | $27.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,870 | $36 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,900 | $46.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $101,470 | $48.8 |
Detailed Claims Adjusters, Examiners, and Investigators Market Analysis
Relocation Context
Nominal Salary
$76,720
Gross Pay
Real Wage (Purchasing Power)
$76,720
Adjusted for COL (100)
The nominal average salary of $76,720 in Peoria, IL, is perfectly balanced by the local Cost of Living Index, which stands at 100 – precisely the national average. This means that the purchasing power of a Claims Adjuster's salary in Peoria is equivalent to the national standard, offering no significant advantage or disadvantage in terms of affordability for residents.
Job Market Context
240
Total Jobs
1.477
Per 1K Jobs
0.75
Location Quotient
Peoria, IL has 0.75x the national average concentration of Claims Adjusters, Examiners, and Investigators 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 0.75, the market for Claims Adjusters, Examiners, and Investigators in Peoria, IL, is slightly less concentrated than the national average. This indicates that while the profession is present and necessary, it is not a dominant industry hub. The job market is likely stable, offering opportunities without the intense competition often found in areas with a higher concentration of these roles.
Nearby Job Markets
Nearby Cities for Claims Adjusters, Examiners, and Investigators
Comparing salaries near Peoria, IL
Hiring Claims Adjusters, Examiners, and Investigatorss?
Frequently Asked Questions
How much does a Claims Adjusters, Examiners, and Investigators make in Peoria, IL?
The median annual salary for a Claims Adjusters, Examiners, and Investigators in Peoria, IL is $76,720. This typically ranges from $57,330 for entry-level positions to $101,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 0.1% lower than the national median of $76,760.
Is Peoria, IL a lucrative place for Claims Adjusters, Examiners, and Investigatorss?
Yes, Peoria, IL offers a competitive salary for Claims Adjusters, Examiners, and Investigators.The average salary of $76,720 is on par with the national average, and the cost of living is also at the national average, making it a financially stable location for this profession.
Is Peoria, IL a good place to live for Claims Adjusters, Examiners, and Investigators?
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 ($81,350) and West Central Illinois nonmetropolitan area.
How does the Peoria job market compare to the national average for Claims Adjusters?
The job market in Peoria has a slightly lower concentration of Claims Adjusters compared to the national average, as indicated by a Location Quotient of 0.75, suggesting a stable but not overly saturated market.
What is the average salary for a Claims Adjuster in Peoria, IL?
The average annual salary for a Claims Adjuster, Examiner, or Investigator in Peoria, IL, is $76,720.
Is the cost of living high in Peoria, IL for Claims Adjusters?
No, the cost of living in Peoria, IL, is at the national average (100), meaning your salary of $76,720 has the same purchasing power as it would nationally.
Are there many Claims Adjuster jobs in Peoria, IL?
There are approximately 1.477 jobs per 1,000 workers in Peoria, IL, for Claims Adjusters, indicating a consistent level of demand within the local workforce of 240 professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Peoria, IL area with a job density of 1.477 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Claims Adjusters, Examiners, and Investigators • Data source: BLS OEWS 2024 •Jobs in Peoria, IL