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Average Financial Clerks, All Other Salary in Illinois

Financial Clerks, All Other in Illinois earn an average annual salary of $59,030, surpassing the national average of $55,930. This higher compensation is likely driven by a combination of factors specific to the Illinois job market, including regional demand and the cost of doing business within the state.

Executive Summary

  • Average Salary: $59,030 per year.
  • Growth Trend: Salaries have shifted 21.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $75,820.
  • Outlook: With a local workforce of 2,020 Financial Clerks, All Other, Illinois demonstrates a significant concentration of these roles, as indicated by a Location Quotient of 1.39. This suggests a robust demand and a more established market for these professionals compared to the national landscape, implying a stable job outlook.
2024 Market Data

Salary Overview

$59,030

The average Financial Clerks, All Other in Illinois earns+5.5%above the national average.

BreakdownBased on 40h/week
Hourly

$28.4

Weekly

$1,135

Monthly

$4,919

Financial Clerks, All Other Salary Distribution in Illinois

Career progression for Financial Clerks, All Other in Illinois typically involves a salary increase with experience. Entry-level positions may start at lower percentiles, while senior or specialized roles command higher salaries, often found in the upper percentiles of the pay scale. The widening gap between entry-level and senior salaries signifies clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$51,120$24.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$44,273$21.3
ManagerOversees team, compliance, and project delivery.50% (Median)$52,890$25.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$73,788$35.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$75,820$36.5

Detailed Financial Clerks, All Other Market Analysis

Relocation Context

Nominal Salary

$59,030

Gross Pay

Real Wage (Purchasing Power)

$64,303

Adjusted for COL (91.8)

The nominal average annual salary of $59,030 in Illinois presents a favorable financial situation when considering the local Cost of Living Index of 91.8. This index, being below the national average of 100, indicates that the purchasing power of an Illinois-based Financial Clerk's salary is likely higher than in many other parts of the country, making the state an attractive location.

Job Market Context

2,020

Total Jobs

0.333

Per 1K Jobs

1.39

Location Quotient

Above Average

With a location quotient of 1.39, Illinois has a slightly higher-than-average concentration of Financial Clerks, All Other roles compared to the national norm.

A Location Quotient of 1.39 for Financial Clerks, All Other signifies that this profession is more concentrated in Illinois than the national average. This suggests a competitive yet potentially abundant job market, where employers may actively seek qualified candidates, and professionals can find a good number of opportunities within the state.

Nearby Job Markets

Hiring Financial Clerks, All Others?

Frequently Asked Questions

How much does a Financial Clerks, All Other make in Illinois?

The median annual salary for a Financial Clerks, All Other in Illinois is $59,030. This typically ranges from $51,120 for entry-level positions to $75,820 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Illinois is 5.5% higher than the national median of $55,930.

Is Illinois a lucrative place for Financial Clerks, All Others?

Yes, Illinois offers a lucrative environment for Financial Clerks, All Others.The average salary of $59,030 is higher than the national average, and the cost of living is below the national average, enhancing purchasing power.

Is Illinois a good place to live for Financial Clerks, All Others?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

How does the Illinois salary compare to the national average?

The average annual salary for Financial Clerks, All Other in Illinois is $59,030, which is notably higher than the national average of $55,930.

What does the Location Quotient of 1.39 mean for job seekers?

A Location Quotient of 1.39 indicates that Financial Clerks, All Other are more concentrated in Illinois than the national average, suggesting a strong presence and potentially more job opportunities within the state.

How does the cost of living in Illinois affect the salary?

With a Cost of Living Index of 91.8, Illinois is more affordable than the national average. This means the $59,030 salary offers greater purchasing power to residents compared to living in a higher cost-of-living area.

What is the total number of Financial Clerks, All Other in Illinois?

There are approximately 2,020 Financial Clerks, All Other employed within the state of Illinois.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,020 employees in the Illinois area with a job density of 0.333 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Clerks, All Other • Data source: BLS OEWS 2024 •Jobs in Illinois