Average Financial and Investment Analysts Salary in Peoria, IL
In Peoria, IL, Financial and Investment Analysts earn an average annual salary of $84,300. This figure is notably below the national average of $117,950, reflecting localized economic factors and industry demand specific to the region. While the nominal salary may seem lower, understanding the cost of living and job market concentration is key to evaluating its true value.
Executive Summary
- Average Salary: $84,300 per year.
- Growth Trend: Salaries have shifted 6.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,550.
- Outlook: Peoria, IL hosts a workforce of 360 Financial and Investment Analysts, with a Location Quotient of 1.0, indicating a concentration level on par with the national average. The presence of 2.203 jobs per 1,000 workers suggests a stable, albeit not rapidly expanding, demand for these professionals within the local economy. This steady employment landscape provides a consistent, though not booming, career environment for analysts in the area.
Salary Overview
The average Financial and Investment Analysts in Peoria, IL earns-28.5%below the national average.
$40.5
$1,621
$7,025
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Peoria is not provided, it is reasonable to assume that salaries for Financial and Investment Analysts in the region have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive modest annual increases in compensation for skilled professionals.
Financial and Investment Analysts Salary Distribution in Peoria, IL
Salary progression for Financial and Investment Analysts in Peoria, IL, is significantly influenced by 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 substantially higher salaries. The percentile gaps in earnings clearly signify the career trajectory and reward for accumulating expertise and responsibility within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,700 | $22.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,225 | $30.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,660 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,375 | $50.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,550 | $59.9 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$84,300
Gross Pay
Real Wage (Purchasing Power)
$84,300
Adjusted for COL (100)
The average annual salary of $84,300 for Financial and Investment Analysts in Peoria, IL, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of the salary in Peoria is equivalent to the national average, offering a balanced financial standing for residents.
Job Market Context
360
Total Jobs
2.203
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Peoria, IL has a slightly higher-than-average concentration of Financial and Investment Analysts roles compared to the national norm.
With a Location Quotient of 1.0, the job market for Financial and Investment Analysts in Peoria, IL, is neither exceptionally concentrated nor particularly scarce compared to the national landscape. This suggests a balanced supply and demand dynamic, where opportunities exist but competition is likely moderate, reflecting a stable presence of these roles within the local economic structure.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Financial and Investment Analysts Salary | $115,580↑ 37% | 39 mi |
| West Central Illinois nonmetropolitan area Financial and Investment Analysts Salary | $90,160↑ 7% | 43 mi |
| East Central Illinois nonmetropolitan area Financial and Investment Analysts Salary | $86,400↑ 2% | 43 mi |
| Northwest Illinois nonmetropolitan area Financial and Investment Analysts Salary | $102,950↑ 22% | 43 mi |
| South Illinois nonmetropolitan area Financial and Investment Analysts Salary | $91,700↑ 9% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Peoria, IL?
The median annual salary for a Financial and Investment Analysts in Peoria, IL is $84,300. This typically ranges from $47,700 for entry-level positions to $124,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 28.5% lower than the national median of $117,950.
Is Peoria, IL a lucrative place for Financial and Investment Analysts?
No, not exceptionally lucrative compared to national averages.While the average salary of $84,300 is competitive with the local cost of living, it falls significantly short of the national average salary of $117,950. The market concentration is also at the national average, indicating no special advantage for high earnings.
Is Peoria, IL a good place to live for Financial and Investment Analysts?
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 ($115,580) and West Central Illinois nonmetropolitan area.
How does the Peoria Financial Analyst salary compare to the national average?
The average annual salary for Financial and Investment Analysts in Peoria, IL, is $84,300, which is considerably lower than the national average of $117,950.
What is the cost of living in Peoria, IL for Financial and Investment Analysts?
Peoria, IL has a Cost of Living Index of 100, which is exactly the national average. This means the $84,300 salary has the same purchasing power as the national average salary.
How concentrated is the Financial and Investment Analyst job market in Peoria, IL?
The job market concentration, measured by the Location Quotient, is 1.0, which is equivalent to the national average. This indicates a balanced presence of these roles in Peoria.
What is the total number of Financial and Investment Analysts in Peoria, IL?
There are approximately 360 Financial and Investment Analysts working in Peoria, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Peoria, IL area with a job density of 2.203 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 Peoria, IL