Average Gambling Managers Salary in Chicago-Naperville-Elgin, IL-IN
In the Chicago-Naperville-Elgin, IL-IN metropolitan area, Gambling Managers earn an average annual salary of $79,660. This figure is notably below the national average of $102,050, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels. While the nominal salary is lower than the national benchmark, understanding the local economic context is crucial for a complete picture.
Executive Summary
- Average Salary: $79,660 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,880.
- Outlook: The Gambling Manager job market in Chicago-Naperville-Elgin, IL-IN, while modest in size with a total local workforce of 200, shows a concentration above the national average. The Location Quotient of 1.49 indicates a higher prevalence of these roles compared to the rest of the country, suggesting a specialized demand within the region. This concentration, despite the smaller workforce size, points to a potentially stable, albeit niche, job market for experienced professionals.
Salary Overview
The average Gambling Managers in Chicago-Naperville-Elgin, IL-IN earns-21.9%below the national average.
$38.3
$1,532
$6,638
Gambling Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Gambling Managers in the Chicago-Naperville-Elgin, IL-IN area have experienced growth over the past four years, mirroring general economic trends and inflation. Industry-specific factors, such as regulatory changes or the expansion of gaming facilities, could also influence salary progression, likely leading to an upward trend in compensation for skilled professionals.
Gambling Managers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
The salary spectrum for Gambling Managers in Chicago-Naperville-Elgin, IL-IN typically widens significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, demanding extensive leadership and strategic expertise, command substantially higher compensation. The percentile gaps in earnings clearly signify career progression, rewarding those who advance through the ranks with increased responsibility and proven success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,900 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,745 | $28.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,990 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,575 | $47.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,880 | $62 |
Detailed Gambling Managers Market Analysis
Relocation Context
Nominal Salary
$79,660
Gross Pay
Real Wage (Purchasing Power)
$79,660
Adjusted for COL (100)
The average annual salary of $79,660 for Gambling Managers in Chicago-Naperville-Elgin, IL-IN aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Gambling Manager's salary in this region is equivalent to that of a manager in a typical U.S. location. Therefore, the nominal salary translates directly to the national average standard of living without significant adjustment for local expenses.
Job Market Context
200
Total Jobs
0.045
Per 1K Jobs
1.49
Location Quotient
With a location quotient of 1.49, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Gambling Managers roles compared to the national norm.
With a Location Quotient of 1.49, the Chicago-Naperville-Elgin, IL-IN area exhibits a concentration of Gambling Manager roles that is 49% higher than the national average. This suggests a more robust and potentially competitive market for these professionals compared to other regions. While the total local workforce is relatively small (200), the elevated LQ indicates a specialized demand that may offer more opportunities for those with relevant skills and experience.
Nearby Job Markets
Hiring Gambling Managerss?
Frequently Asked Questions
How much does a Gambling Managers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Gambling Managers in Chicago-Naperville-Elgin, IL-IN is $79,660. This typically ranges from $45,900 for entry-level positions to $128,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 21.9% lower than the national median of $102,050.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Gambling Managers?
No, not when compared to the national average.While the cost of living is average, the average salary of $79,660 is significantly lower than the national average of $102,050, indicating less lucrative compensation in this specific role.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Gambling Managers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
How does the Chicago-Naperville-Elgin, IL-IN salary compare to the national average?
The average annual salary for Gambling Managers in Chicago-Naperville-Elgin, IL-IN is $79,660, which is considerably lower than the national average of $102,050.
What is the concentration of Gambling Managers in the Chicago area?
The Chicago-Naperville-Elgin, IL-IN area has a Location Quotient of 1.49 for Gambling Managers, indicating a concentration that is 49% higher than the national average.
How does the cost of living affect the Gambling Manager salary in Chicago?
The cost of living in Chicago-Naperville-Elgin, IL-IN is at the national average (100), meaning the $79,660 salary has the same purchasing power as the national average salary in a typical U.S. location.
Are there many Gambling Manager jobs in Chicago?
While the total local workforce for Gambling Managers is 200, the higher Location Quotient suggests a specialized demand, making the market more concentrated than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.045 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Gambling Managers • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN