Average Industrial Production Managers Salary in Chicago-Naperville-Elgin, IL-IN
Industrial Production Managers in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an impressive average annual salary of $130,840. This figure slightly surpasses the national average of $129,180, indicating a strong demand and competitive compensation landscape within this key industrial hub. The robust economic activity and concentration of manufacturing operations in the region contribute to this favorable pay scale.
Executive Summary
- Average Salary: $130,840 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $193,840.
- Outlook: The Chicago-Naperville-Elgin area demonstrates a healthy job market for Industrial Production Managers, evidenced by a substantial local workforce of 8,680 individuals. The Location Quotient of 1.28 signifies a higher concentration of these roles compared to the national average, suggesting a robust and potentially growing demand for skilled professionals in this sector within the region.
Salary Overview
The average Industrial Production Managers in Chicago-Naperville-Elgin, IL-IN earns+1.3%above the national average.
$62.9
$2,516
$10,903
Industrial Production Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Industrial Production Managers in the Chicago-Naperville-Elgin area has experienced steady growth over the past four years. This trend is typical for roles in high-demand sectors within major metropolitan economies, driven by inflation, increasing responsibilities, and the need to attract and retain talent in a competitive market.
Industrial Production Managers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Career progression for Industrial Production Managers typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while senior roles, commanding greater responsibility and strategic oversight, can reach the 75th percentile and beyond. The widening gap between entry-level and senior salaries reflects the value placed on accumulated expertise and leadership capabilities in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $81,760 | $39.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,130 | $47.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $123,120 | $59.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $163,550 | $78.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $193,840 | $93.2 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$130,840
Gross Pay
Real Wage (Purchasing Power)
$130,840
Adjusted for COL (100)
An average annual salary of $130,840 in the Chicago-Naperville-Elgin, IL-IN area aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Industrial Production Manager's salary in this region is equivalent to the national standard, allowing for a comparable lifestyle without significant financial adjustments related to living expenses.
Job Market Context
8,680
Total Jobs
1.94
Per 1K Jobs
1.28
Location Quotient
With a location quotient of 1.28, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Industrial Production Managers roles compared to the national norm.
With a Location Quotient of 1.28, the Chicago-Naperville-Elgin, IL-IN metropolitan area exhibits a notably higher concentration of Industrial Production Manager roles than the national average. This suggests a competitive yet abundant job market, where opportunities are more plentiful relative to the overall workforce, potentially leading to more specialized roles and a dynamic hiring environment.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Industrial Production Managers Salary | $115,510↓ 12% | 41 mi |
| Kenosha, WI Industrial Production Managers Salary | $121,920↓ 7% | 51 mi |
| Kankakee, IL Industrial Production Managers Salary | $128,530↓ 2% | 55 mi |
| Racine-Mount Pleasant, WI Industrial Production Managers Salary | $117,710↓ 10% | 59 mi |
| Niles, MI Industrial Production Managers Salary | $118,240↓ 10% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Industrial Production Managers in Chicago-Naperville-Elgin, IL-IN is $130,840. This typically ranges from $81,760 for entry-level positions to $193,840 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 1.3% higher than the national median of $129,180.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Industrial Production Managerss?
Yes, Chicago-Naperville-Elgin, IL-IN is a lucrative place for Industrial Production Managers.The average salary of $130,840 significantly exceeds the national average, and the cost of living is on par with the national average, enhancing purchasing power. The higher-than-average concentration of these roles (LQ 1.28) also points to strong local demand.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Industrial Production Managers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($115,510) and Kenosha, WI.
How does the Chicago salary compare to the national average?
The average salary for Industrial Production Managers in Chicago-Naperville-Elgin, IL-IN is $130,840, which is slightly higher than the national average of $129,180.
What is the Cost of Living in Chicago-Naperville-Elgin, IL-IN?
The Cost of Living Index for Chicago-Naperville-Elgin, IL-IN is 100, which is exactly the national average.
How concentrated are Industrial Production Manager jobs in this area?
The concentration of Industrial Production Manager jobs in this area, measured by the Location Quotient, is 1.28, indicating a higher presence than the national average.
What is the total number of Industrial Production Managers in the Chicago area?
There are approximately 8,680 Industrial Production Managers employed in the Chicago-Naperville-Elgin, IL-IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,680 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 1.94 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Industrial Production Managers • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN