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Average Financial Specialists, All Other Salary in Illinois

Financial Specialists, All Other in Illinois command an impressive average annual salary of $96,770, surpassing the national average of $94,320. This premium is largely influenced by the state's robust economic landscape and the specific demand for specialized financial expertise within its diverse industries.

Executive Summary

  • Average Salary: $96,770 per year.
  • Growth Trend: Salaries have shifted 9.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $168,960.
  • Outlook: With a substantial local workforce of 7,140 individuals and a Location Quotient of 1.42, Illinois demonstrates a significant concentration of Financial Specialists, All Other. This indicates a robust job market where demand likely outpaces the national average, suggesting a stable and potentially growing employment environment for these professionals.
2024 Market Data

Salary Overview

$96,770

The average Financial Specialists, All Other in Illinois earns+2.6%above the national average.

BreakdownBased on 40h/week
Hourly

$46.5

Weekly

$1,861

Monthly

$8,064

Financial Specialists, All Other Salary Distribution in Illinois

Career progression for Financial Specialists, All Other in Illinois typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into the upper percentiles, reflecting their increased value and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$46,750$22.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$72,578$34.9
ManagerOversees team, compliance, and project delivery.50% (Median)$81,190$39
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$120,963$58.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$168,960$81.2

Detailed Financial Specialists, All Other Market Analysis

Relocation Context

Nominal Salary

$96,770

Gross Pay

Real Wage (Purchasing Power)

$105,414

Adjusted for COL (91.8)

The average annual salary of $96,770 in Illinois presents a favorable financial outlook, especially considering the state's Cost of Living Index of 91.8, which is below the national average of 100. This means that the nominal salary offers a higher effective purchasing power locally, allowing for a comfortable standard of living.

Job Market Context

7,140

Total Jobs

1.178

Per 1K Jobs

1.42

Location Quotient

Above Average

With a location quotient of 1.42, Illinois has a slightly higher-than-average concentration of Financial Specialists, All Other roles compared to the national norm.

A Location Quotient of 1.42 signifies that Financial Specialists, All Other are 42% more concentrated in Illinois than the national average. This suggests a competitive yet abundant job market, where employers actively seek these professionals, and a strong talent pool exists to fill those roles.

Nearby Job Markets

Nearby Cities for Financial Specialists, All Other

CitySalaryDist.
Bloomington, IL Financial Specialists, All Other Salary$108,030↑ 12%9 mi
Decatur, IL Financial Specialists, All Other Salary$73,680↓ 24%34 mi
Champaign-Urbana, IL Financial Specialists, All Other Salary$70,730↓ 27%41 mi
Peoria, IL Financial Specialists, All Other Salary$72,910↓ 25%43 mi
Springfield, IL Financial Specialists, All Other Salary$75,510↓ 22%53 mi

Comparing salaries near Illinois

Hiring Financial Specialists, All Others?

Frequently Asked Questions

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

The median annual salary for a Financial Specialists, All Other in Illinois is $96,770. This typically ranges from $46,750 for entry-level positions to $168,960 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Illinois is 2.6% higher than the national median of $94,320.

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

Yes, Illinois offers a lucrative environment for Financial Specialists, All Others.The average salary significantly exceeds the national average, and the cost of living is below the national benchmark, enhancing purchasing power.

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

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

Where are the highest paying cities near Illinois?

Some top paying nearby cities include Bloomington, IL ($108,030) and Decatur, IL.

How does the Illinois job market compare to the national average for this role?

Illinois has a higher concentration of Financial Specialists, All Other, with a Location Quotient of 1.42, indicating a stronger local demand relative to the national average.

What is the average salary for Financial Specialists, All Other in Illinois?

The average annual salary for Financial Specialists, All Other in Illinois is $96,770.

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, meaning the $96,770 salary offers greater purchasing power.

What does the job market look like for this profession in Illinois?

The job market appears robust, with a significant workforce size and a concentration quotient suggesting strong demand and a healthy number of available positions.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,140 employees in the Illinois area with a job density of 1.178 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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