Average Financial and Investment Analysts Salary in Springfield, IL
The average salary for a Financial and Investment Analysts in Springfield, IL is $110,080. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $110,080 per year.
- Growth Trend: Salaries have shifted 35.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,590.
- Outlook: The current demand for Financial and Investment Analystss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Springfield, IL economy.
Salary Overview
The average Financial and Investment Analysts in Springfield, IL earns-6.7%below the national average.
$52.9
$2,117
$9,173
Financial and Investment Analysts Salary Trends (2020-2024)
Over the past 3 years, Financial and Investment Analysts salaries in Springfield, IL have experienced a rapid surge, growing by 35.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial and Investment Analysts Salary Distribution in Springfield, IL
The earning potential for Financial and Investment Analystss in Springfield, IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $61,220, while highly experienced professionals can command wages upwards of $166,590.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,220 | $29.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $82,560 | $39.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,250 | $47.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $137,600 | $66.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $166,590 | $80.1 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$110,080
Gross Pay
Real Wage (Purchasing Power)
$110,080
Adjusted for COL (100)
In Springfield, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $110,080 to $110,080.
Job Market Context
90
Total Jobs
0.897
Per 1K Jobs
0.41
Location Quotient
At 0.41x, Springfield, IL has a notably lower concentration of Financial and Investment Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
90 people work as Financial and Investment Analysts in Springfield, IL.
Only 0.897 out of every 1,000 local jobs are Financial and Investment Analysts roles — this is a niche profession 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↓ 18% | 53 mi |
| East Central Illinois nonmetropolitan area Financial and Investment Analysts Salary | $86,400↓ 22% | 53 mi |
| Northwest Illinois nonmetropolitan area Financial and Investment Analysts Salary | $102,950↓ 6% | 53 mi |
| South Illinois nonmetropolitan area Financial and Investment Analysts Salary | $91,700↓ 17% | 53 mi |
Comparing salaries near Springfield, IL
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Springfield, IL?
The median annual salary for a Financial and Investment Analysts in Springfield, IL is $110,080. This typically ranges from $61,220 for entry-level positions to $166,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 6.7% lower than the national median of $117,950.
Is Springfield, IL a good place for Financial and Investment Analystss?
It depends on your priorities. While the average Financial and Investment Analysts salary in Springfield, IL is $110,080 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Springfield, IL. See distinct detailed breakdown below.
Is Springfield, IL a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Springfield, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($90,160) and East Central Illinois nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Springfield, IL area with a job density of 0.897 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 Springfield, IL