Average Coil Winders, Tapers, and Finishers Salary in Chicago-Naperville-Elgin, IL-IN
Coil Winders, Tapers, and Finishers in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an impressive average annual salary of $50,720. This figure notably surpasses the national average of $48,880, indicating a localized premium for these specialized manufacturing roles. The robust industrial base and demand within this region likely contribute to the higher compensation offered to skilled workers.
Executive Summary
- Average Salary: $50,720 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,820.
- Outlook: The Chicago-Naperville-Elgin, IL-IN area presents a strong job market for Coil Winders, Tapers, and Finishers, evidenced by a total local workforce of 720 individuals in this occupation. The Location Quotient of 2.03 signifies that this role is more than twice as concentrated in this region compared to the national average, suggesting a robust and sustained demand for these professionals within the local economy.
Salary Overview
The average Coil Winders, Tapers, and Finishers in Chicago-Naperville-Elgin, IL-IN earns+3.8%above the national average.
$24.4
$975
$4,227
Coil Winders, Tapers, and Finishers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Coil Winders, Tapers, and Finishers in the Chicago-Naperville-Elgin, IL-IN area have experienced steady growth over the past four years, mirroring general economic trends and inflation. Increased demand for manufactured goods and advancements in winding technology likely contribute to upward pressure on wages, ensuring competitive compensation for experienced professionals.
Coil Winders, Tapers, and Finishers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Coil Winders, Tapers, and Finishers typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries well above the average. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential as one gains expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $39,940 | $19.2 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $38,040 | $18.3 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $51,460 | $24.7 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $63,400 | $30.5 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $57,820 | $27.8 |
Detailed Coil Winders, Tapers, and Finishers Market Analysis
Relocation Context
Nominal Salary
$50,720
Gross Pay
Real Wage (Purchasing Power)
$50,720
Adjusted for COL (100)
The average annual salary of $50,720 for Coil Winders, Tapers, and Finishers in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial standing for individuals considering relocation to this vibrant metropolitan area.
Job Market Context
720
Total Jobs
0.16
Per 1K Jobs
2.03
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 2.0x the national concentration of Coil Winders, Tapers, and Finishers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 2.03, the Chicago-Naperville-Elgin, IL-IN area demonstrates a significantly higher concentration of Coil Winders, Tapers, and Finishers compared to the national average. This indicates a specialized and potentially competitive market where employers actively seek out this talent, offering a favorable environment for job seekers in this field.
Nearby Job Markets
Hiring Coil Winders, Tapers, and Finisherss?
Frequently Asked Questions
How much does a Coil Winders, Tapers, and Finishers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Coil Winders, Tapers, and Finishers in Chicago-Naperville-Elgin, IL-IN is $50,720. This typically ranges from $39,940 for entry-level positions to $57,820 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 3.8% higher than the national median of $48,880.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Coil Winders, Tapers, and Finishers?
Yes, it is a lucrative place for Coil Winders, Tapers, and Finishers.The average salary of $50,720 is higher than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Coil Winders, Tapers, and Finishers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
How does the Chicago-Naperville-Elgin, IL-IN salary compare to the national average?
The average annual salary for Coil Winders, Tapers, and Finishers in Chicago-Naperville-Elgin, IL-IN is $50,720, which is higher than the national average of $48,880.
What is the concentration of Coil Winders, Tapers, and Finishers in this area?
The concentration, measured by the Location Quotient, is 2.03, meaning the occupation is more than twice as common in this area compared to the national average.
How does the cost of living affect the salary in Chicago-Naperville-Elgin, IL-IN?
The cost of living index is 100, which is the national average. Therefore, the salary of $50,720 offers purchasing power equivalent to the national average.
What does the job market look like for this role in Chicago-Naperville-Elgin, IL-IN?
The job market appears robust, with a significant concentration of workers and a higher-than-average presence of this occupation, suggesting strong local demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 720 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.16 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Coil Winders, Tapers, and Finishers • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN