Average Financial Managers Salary in Bloomington, IL
The average salary for a Financial Managers in Bloomington, IL is $171,640. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $171,640 per year.
- Growth Trend: Salaries have shifted 48.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $257,460.
- Outlook: This role remains a specialized component of the broader Bloomington, IL economy.
Salary Overview
The average Financial Managers in Bloomington, IL earns-7.0%below the national average.
$82.5
$3,301
$14,303
Financial Managers Salary Trends (2020-2024)
Over the past 4 years, Financial Managers salaries in Bloomington, IL have experienced a rapid surge, growing by 48.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Managers Salary Distribution in Bloomington, IL
The earning potential for Financial Managerss in Bloomington, IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $92,890, while highly experienced professionals can command wages upwards of $257,460.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $92,890 | $44.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $128,730 | $61.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $156,720 | $75.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $214,550 | $103.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $257,460 | $123.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$171,640
Gross Pay
Real Wage (Purchasing Power)
$171,640
Adjusted for COL (100)
In Bloomington, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $171,640 to $171,640.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Financial Managers Salary | $128,400↓ 25% | 9 mi |
| East Central Illinois nonmetropolitan area Financial Managers Salary | $140,910↓ 18% | 9 mi |
| Northwest Illinois nonmetropolitan area Financial Managers Salary | $134,200↓ 22% | 9 mi |
| South Illinois nonmetropolitan area Financial Managers Salary | $119,080↓ 31% | 9 mi |
| Peoria, IL Financial Managers Salary | $153,220↓ 11% | 39 mi |
Comparing salaries near Bloomington, IL
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Bloomington, IL?
The median annual salary for a Financial Managers in Bloomington, IL is $171,640. This typically ranges from $92,890 for entry-level positions to $257,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IL is 7.0% lower than the national median of $184,480.
Is Bloomington, IL a good place for Financial Managerss?
It depends on your priorities. While the average Financial Managers salary in Bloomington, IL is $171,640 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Bloomington, IL. See distinct detailed breakdown below.
Is Bloomington, IL a good place to live for Financial Managers?
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 ($128,400) 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 employees in the Bloomington, IL area with a job density of 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 Managers • Data source: BLS OEWS 2024 •Jobs in Bloomington, IL