Average Construction Managers Salary in Chicago-Naperville-Elgin, IL-IN
Construction Managers in the Chicago-Naperville-Elgin, IL-IN metropolitan area command an impressive average annual salary of $120,200. This figure slightly surpasses the national average of $119,770, indicating a robust demand for skilled professionals in this region. The localized economic factors and the specific needs of the construction industry within this major urban hub contribute to this competitive compensation.
Executive Summary
- Average Salary: $120,200 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $170,590.
- Outlook: The Chicago-Naperville-Elgin area boasts a substantial local workforce of 11,920 Construction Managers, with a location quotient of 1.18, signifying a concentration slightly above the national average. This indicates a healthy and active job market where demand for these professionals is consistently present, suggesting a stable outlook for those in or looking to enter this field within the region.
Salary Overview
The average Construction Managers in Chicago-Naperville-Elgin, IL-IN earns+0.4%above the national average.
$57.8
$2,312
$10,017
Construction Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Construction Managers in major metropolitan areas like Chicago have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing project complexity, and the ongoing need for experienced leadership in the construction sector, reflecting a positive trajectory for earning potential.
Construction Managers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Construction Managers is strongly tied to experience. Entry-level positions typically start at the lower percentiles, while seasoned professionals with extensive project management experience and specialized skills can command salaries in the upper percentiles. The significant gaps between entry-level and senior roles highlight the substantial career growth and earning potential available through dedicated development and a proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,410 | $31 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,150 | $43.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $118,830 | $57.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $150,250 | $72.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $170,590 | $82 |
Detailed Construction Managers Market Analysis
Relocation Context
Nominal Salary
$120,200
Gross Pay
Real Wage (Purchasing Power)
$120,200
Adjusted for COL (100)
With a local Cost of Living Index at exactly 100, the national average, the nominal salary of $120,200 for Construction Managers in Chicago-Naperville-Elgin holds its purchasing power effectively. This means that the higher-than-average salary directly translates to a comparable standard of living when measured against the national average, offering good financial stability for residents.
Job Market Context
11,920
Total Jobs
2.664
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Construction Managers roles compared to the national norm.
The Location Quotient of 1.18 for Construction Managers in Chicago-Naperville-Elgin suggests a market that is slightly more concentrated with these professionals than the national average. This indicates a competitive environment, but also one with a strong presence and established demand for their expertise, implying that opportunities are readily available for qualified individuals.
Nearby Job Markets
Nearby Cities for Construction Managers
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Construction Managers Salary | $103,930↓ 14% | 41 mi |
| Kenosha, WI Construction Managers Salary | $114,860↓ 4% | 51 mi |
| Kankakee, IL Construction Managers Salary | $89,660↓ 25% | 55 mi |
| Racine-Mount Pleasant, WI Construction Managers Salary | $123,540↑ 3% | 59 mi |
| Niles, MI Construction Managers Salary | $101,160↓ 16% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Construction Managerss?
Frequently Asked Questions
How much does a Construction Managers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Construction Managers in Chicago-Naperville-Elgin, IL-IN is $120,200. This typically ranges from $64,410 for entry-level positions to $170,590 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 0.4% higher than the national median of $119,770.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Construction Managers?
Yes, it is a lucrative place for Construction Managers.Construction Managers in this area earn slightly above the national average salary, and the cost of living is on par with the national average, allowing for strong purchasing power.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Construction Managers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($103,930) and Kenosha, WI.
How does the Chicago Construction Manager salary compare to the national average?
The average annual salary for Construction Managers in Chicago-Naperville-Elgin is $120,200, which is slightly higher than the national average of $119,770.
What is the cost of living in Chicago-Naperville-Elgin for Construction Managers?
The Cost of Living Index for the Chicago-Naperville-Elgin area is 100, which is exactly the national average, indicating a balanced cost of living relative to the salary.
How many Construction Managers are employed in the Chicago area?
There are approximately 11,920 Construction Managers employed within the Chicago-Naperville-Elgin metropolitan area.
Is the concentration of Construction Managers high in Chicago?
Yes, the Location Quotient of 1.18 indicates a slightly higher concentration of Construction Managers compared to the national average, suggesting a robust local market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,920 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 2.664 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction Managers • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN