Average Electrical Engineers Salary in Peoria, IL
Electrical Engineers in Peoria, IL, can expect an average annual salary of $98,670. This figure is notably below the national average of $121,030, suggesting that local market dynamics and potentially industry-specific demand in Peoria influence compensation. While the nominal salary is lower, understanding the cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $98,670 per year.
- Growth Trend: Salaries have shifted 11.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,400.
- Outlook: With a total local workforce of 210 Electrical Engineers, Peoria presents a modest but stable employment landscape for this profession. The Location Quotient of 1.03 indicates a concentration of these roles that is slightly above the national average, suggesting a consistent, albeit not overwhelmingly high, demand for their specialized skills within the region.
Salary Overview
The average Electrical Engineers in Peoria, IL earns-18.5%below the national average.
$47.4
$1,898
$8,223
Electrical Engineers Salary Trends (2020-2024)
While specific historical data for Peoria's Electrical Engineer salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, technological advancements, and inflation typically contribute to salary increases for skilled professionals like Electrical Engineers, indicating a potentially positive trajectory for future earnings in the area.
Electrical Engineers Salary Distribution in Peoria, IL
Salary progression for Electrical Engineers in Peoria, much like elsewhere, is strongly tied to experience and expertise. Entry-level positions typically command lower salaries, while senior engineers with extensive project management and design experience can expect significantly higher compensation. The widening gap between entry-level and senior-level salaries reflects the increasing value placed on specialized knowledge and proven track records in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $69,970 | $33.6 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $74,003 | $35.6 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $85,830 | $41.3 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $123,338 | $59.3 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $139,400 | $67 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$98,670
Gross Pay
Real Wage (Purchasing Power)
$98,670
Adjusted for COL (100)
The average Electrical Engineer salary of $98,670 in Peoria aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Electrical Engineer's salary in Peoria is equivalent to the national average, offering a stable financial foundation without the premium often associated with higher cost-of-living metropolitan areas.
Job Market Context
210
Total Jobs
1.256
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Peoria, IL has a slightly higher-than-average concentration of Electrical Engineers roles compared to the national norm.
A Location Quotient of 1.03 for Electrical Engineers in Peoria signifies that the concentration of these professionals in the area is just slightly higher than the national average. This suggests a balanced job market where demand and supply are relatively in sync, indicating moderate competition for roles but also a healthy presence of opportunities for qualified candidates.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Electrical Engineers Salary | $100,540↑ 2% | 39 mi |
| West Central Illinois nonmetropolitan area Electrical Engineers Salary | $109,120↑ 11% | 43 mi |
| East Central Illinois nonmetropolitan area Electrical Engineers Salary | $107,650↑ 9% | 43 mi |
| Northwest Illinois nonmetropolitan area Electrical Engineers Salary | $111,240↑ 13% | 43 mi |
| South Illinois nonmetropolitan area Electrical Engineers Salary | $111,520↑ 13% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Peoria, IL?
The median annual salary for a Electrical Engineers in Peoria, IL is $98,670. This typically ranges from $69,970 for entry-level positions to $139,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 18.5% lower than the national median of $121,030.
Is Peoria, IL a lucrative place for Electrical Engineers?
No, not exceptionally lucrative compared to the national average.While the average salary of $98,670 is solid, it falls below the national average of $121,030. However, the cost of living being at the national average offsets this difference somewhat.
Is Peoria, IL a good place to live for Electrical Engineers?
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 ($100,540) and West Central Illinois nonmetropolitan area.
How does Peoria's Electrical Engineer salary compare to the national average?
The average salary for Electrical Engineers in Peoria, IL, is $98,670, which is approximately 18.5% lower than the national average of $121,030.
What is the Cost of Living in Peoria, IL?
Peoria, IL, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
How concentrated are Electrical Engineers in Peoria?
The Location Quotient for Electrical Engineers in Peoria is 1.03, indicating a slightly higher concentration of these professionals compared to the national average.
What does the job market look like for Electrical Engineers in Peoria?
With 210 Electrical Engineers in the local workforce and a Location Quotient just above average, the job market in Peoria appears stable with consistent demand for these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Peoria, IL area with a job density of 1.256 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Electrical Engineers • Data source: BLS OEWS 2024 •Jobs in Peoria, IL