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Average Construction Managers Salary in Peoria, IL

Construction Managers in Peoria, IL, command an average annual salary of $102,020. This figure is notably below the national average of $119,770, suggesting that local market dynamics, such as demand and cost of doing business, play a significant role in compensation within this Illinois city.

Executive Summary

  • Average Salary: $102,020 per year.
  • Growth Trend: Salaries have shifted 6.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $146,600.
  • Outlook: With a local workforce of 530 Construction Managers, Peoria presents a concentrated market. The Location Quotient of 1.42 indicates a higher-than-average concentration of these professionals compared to the national landscape, signaling a robust local demand for their expertise.
2024 Market Data

Salary Overview

$102,020

The average Construction Managers in Peoria, IL earns-14.8%below the national average.

BreakdownBased on 40h/week
Hourly

$49.1

Weekly

$1,962

Monthly

$8,502

Construction Managers Salary Distribution in Peoria, IL

Salary progression for Construction Managers in Peoria typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive project management and leadership experience can command salaries in the higher percentiles, reflecting a significant increase in earning potential as careers advance.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$58,720$28.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$76,515$36.8
ManagerOversees team, compliance, and project delivery.50% (Median)$100,800$48.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$127,525$61.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$146,600$70.5

Detailed Construction Managers Market Analysis

Relocation Context

Nominal Salary

$102,020

Gross Pay

Real Wage (Purchasing Power)

$102,020

Adjusted for COL (100)

The average annual salary of $102,020 in Peoria aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Construction Manager's salary in Peoria is equivalent to the national average, offering a stable financial standing relative to the cost of everyday expenses.

Job Market Context

530

Total Jobs

3.202

Per 1K Jobs

1.42

Location Quotient

Above Average

With a location quotient of 1.42, Peoria, IL has a slightly higher-than-average concentration of Construction Managers roles compared to the national norm.

A Location Quotient of 1.42 signifies that Construction Managers are more concentrated in Peoria than the national average. This suggests a competitive job market where employers may actively seek out experienced talent, but also indicates a strong presence and established network of these professionals within the region.

Nearby Job Markets

Nearby Cities for Construction Managers

CitySalaryDist.
Bloomington, IL Construction Managers Salary$96,250↓ 6%39 mi
West Central Illinois nonmetropolitan area Construction Managers Salary$92,150↓ 10%43 mi
East Central Illinois nonmetropolitan area Construction Managers Salary$94,120↓ 8%43 mi
Northwest Illinois nonmetropolitan area Construction Managers Salary$111,600↑ 9%43 mi
South Illinois nonmetropolitan area Construction Managers Salary$98,400↓ 4%43 mi

Comparing salaries near Peoria, IL

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Frequently Asked Questions

How much does a Construction Managers make in Peoria, IL?

The median annual salary for a Construction Managers in Peoria, IL is $102,020. This typically ranges from $58,720 for entry-level positions to $146,600 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Peoria, IL is 14.8% lower than the national median of $119,770.

Is Peoria, IL a lucrative place for Construction Managers?

Yes, with a caveat.While the average salary is below the national average, the strong concentration (LQ 1.42) and cost of living matching the national average suggest a stable and in-demand market for experienced professionals.

Is Peoria, IL a good place to live for Construction Managers?

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 ($96,250) and West Central Illinois nonmetropolitan area.

How does the Peoria Construction Manager salary compare to the national average?

Construction Managers in Peoria earn an average of $102,020 annually, which is less than the national average of $119,770.

What is the significance of the Location Quotient (LQ) in Peoria?

An LQ of 1.42 indicates that Construction Managers are 42% more concentrated in Peoria than the national average, suggesting a higher local demand or a more established industry presence.

How does the Cost of Living in Peoria affect the Construction Manager salary?

With a Cost of Living Index of 100, Peoria's expenses are on par with the national average, meaning the $102,020 salary offers average purchasing power.

What does the total local workforce size imply for job seekers?

A workforce of 530 Construction Managers suggests a moderately sized but concentrated job market, potentially offering good opportunities for those with specialized skills.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the Peoria, IL area with a job density of 3.202 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Construction Managers • Data source: BLS OEWS 2024 •Jobs in Peoria, IL