Average Financial and Investment Analysts Salary in Bloomington, IL
Financial and Investment Analysts in Bloomington, IL, earn an impressive average annual salary of $115,580. This figure is slightly below the national average of $117,950, indicating a competitive but locally influenced compensation landscape. Factors such as the specific industry presence and demand within the Bloomington area contribute to this localized pay scale.
Executive Summary
- Average Salary: $115,580 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $193,870.
- Outlook: With a total local workforce of 740 Financial and Investment Analysts, Bloomington, IL, demonstrates a significant concentration of these professionals. The Location Quotient of 3.72 far exceeds the national average, suggesting a robust and specialized job market in this sector within the region. This high concentration implies strong local demand and a well-established professional community.
Salary Overview
The average Financial and Investment Analysts in Bloomington, IL earns-2.0%below the national average.
$55.6
$2,223
$9,632
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial and Investment Analysts in Bloomington, IL, have experienced growth over the past four years, mirroring national trends. Economic expansion, evolving market complexities, and increasing demand for financial expertise typically drive upward salary adjustments in specialized fields.
Financial and Investment Analysts Salary Distribution in Bloomington, IL
Salary progression for Financial and Investment Analysts in Bloomington, IL, is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher compensation. The percentile gaps in earnings clearly signify the career trajectory and earning potential as analysts advance through junior, mid-level, and senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,590 | $30.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $86,685 | $41.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,480 | $48.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $144,475 | $69.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $193,870 | $93.2 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$115,580
Gross Pay
Real Wage (Purchasing Power)
$115,580
Adjusted for COL (100)
The nominal average annual salary of $115,580 in Bloomington, IL, offers substantial purchasing power. With a Cost of Living Index of 100, which is precisely the national average, the salary effectively translates to living standards comparable to the rest of the country. This means that the earned income in Bloomington provides a standard of living that aligns with national benchmarks, making it an attractive location from a financial perspective.
Job Market Context
740
Total Jobs
8.226
Per 1K Jobs
3.72
Location Quotient
Bloomington, IL has 3.7x the national concentration of Financial and Investment Analysts jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Bloomington, IL, exhibits a highly concentrated market for Financial and Investment Analysts, as evidenced by its Location Quotient of 3.72. This significantly above-average concentration indicates that the demand for these roles is disproportionately high relative to the national distribution. Such a market suggests a competitive environment for employers seeking talent and potentially strong opportunities for skilled analysts already established in the area.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Financial and Investment Analysts Salary | $90,160↓ 22% | 9 mi |
| East Central Illinois nonmetropolitan area Financial and Investment Analysts Salary | $86,400↓ 25% | 9 mi |
| Northwest Illinois nonmetropolitan area Financial and Investment Analysts Salary | $102,950↓ 11% | 9 mi |
| South Illinois nonmetropolitan area Financial and Investment Analysts Salary | $91,700↓ 21% | 9 mi |
| Peoria, IL Financial and Investment Analysts Salary | $84,300↓ 27% | 39 mi |
Comparing salaries near Bloomington, IL
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Frequently Asked Questions
How much does a Financial and Investment Analysts make in Bloomington, IL?
The median annual salary for a Financial and Investment Analysts in Bloomington, IL is $115,580. This typically ranges from $62,590 for entry-level positions to $193,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IL is 2.0% lower than the national median of $117,950.
Is Bloomington, IL a lucrative place for Financial and Investment Analysts?
Yes, Bloomington, IL offers a lucrative environment for Financial and Investment Analysts.The average salary of $115,580 is competitive, and the high Location Quotient of 3.72 signifies strong local demand and concentration of these roles.
Is Bloomington, IL a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Bloomington, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($90,160) and East Central Illinois nonmetropolitan area.
How does the Bloomington, IL salary compare to the national average?
The average annual salary for Financial and Investment Analysts in Bloomington, IL, is $115,580, which is slightly lower than the national average of $117,950.
What does the Location Quotient of 3.72 mean for this job market?
A Location Quotient of 3.72 indicates that Financial and Investment Analysts are 3.72 times more concentrated in Bloomington, IL, than the national average, suggesting a robust local market.
How does the cost of living in Bloomington, IL affect the salary?
With a Cost of Living Index of 100, Bloomington, IL, has a cost of living that is exactly at the national average, meaning the $115,580 salary offers standard national purchasing power.
What is the total number of Financial and Investment Analysts in Bloomington, IL?
There are approximately 740 Financial and Investment Analysts working in Bloomington, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 740 employees in the Bloomington, IL area with a job density of 8.226 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Bloomington, IL