Average Industrial Production Managers Salary in Peoria, IL
Industrial Production Managers in Peoria, IL, earn an average annual salary of $118,890. This figure is notably below the national average of $129,180, suggesting that local market dynamics and potentially industry-specific demand play a significant role in compensation within this Illinois city.
Executive Summary
- Average Salary: $118,890 per year.
- Growth Trend: Salaries have shifted 13.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,450.
- Outlook: The industrial production management sector in Peoria, IL, demonstrates a healthy concentration, evidenced by a Location Quotient of 1.59, indicating a presence nearly 60% higher than the national average. With a local workforce of 400 professionals in this role, and 2.421 jobs per 1,000 workers, the demand appears robust and well-established within the region.
Salary Overview
The average Industrial Production Managers in Peoria, IL earns-8.0%below the national average.
$57.2
$2,286
$9,908
Industrial Production Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Industrial Production Managers in Peoria, IL, have experienced growth over the past four years, mirroring national trends of increasing compensation driven by inflation, demand, and evolving industry needs. This upward trajectory likely reflects a strengthening job market for these critical management roles.
Industrial Production Managers Salary Distribution in Peoria, IL
The salary spectrum for Industrial Production Managers in Peoria, IL, naturally widens with experience. Entry-level positions typically command lower salaries, while senior managers with extensive experience and proven track records can expect compensation significantly above the average. The percentile gaps between junior and senior roles highlight substantial career progression opportunities and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $81,540 | $39.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,168 | $42.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,320 | $50.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $148,613 | $71.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $166,450 | $80 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$118,890
Gross Pay
Real Wage (Purchasing Power)
$118,890
Adjusted for COL (100)
The average annual salary of $118,890 in Peoria, IL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Industrial Production Manager's salary in Peoria is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
400
Total Jobs
2.421
Per 1K Jobs
1.59
Location Quotient
Peoria, IL has 1.6x the national concentration of Industrial Production Managers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Peoria, IL, exhibits a strong concentration of Industrial Production Managers, with a Location Quotient of 1.59. This suggests that the job market here is more saturated or specialized in this field compared to the national average. While this indicates a potentially competitive environment, it also points to a significant demand and established presence for these roles within the local economy.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Industrial Production Managers Salary | $121,270↑ 2% | 39 mi |
| West Central Illinois nonmetropolitan area Industrial Production Managers Salary | $113,990↓ 4% | 43 mi |
| East Central Illinois nonmetropolitan area Industrial Production Managers Salary | $118,820↓ 0% | 43 mi |
| Northwest Illinois nonmetropolitan area Industrial Production Managers Salary | $121,980↑ 3% | 43 mi |
| South Illinois nonmetropolitan area Industrial Production Managers Salary | $120,390↑ 1% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Peoria, IL?
The median annual salary for a Industrial Production Managers in Peoria, IL is $118,890. This typically ranges from $81,540 for entry-level positions to $166,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 8.0% lower than the national median of $129,180.
Is Peoria, IL a lucrative place for Industrial Production Managers?
Yes, Peoria, IL offers a competitive salary for Industrial Production Managers.The average salary of $118,890 is strong, and with a Cost of Living Index of 100, the purchasing power is equivalent to the national average, making it a financially stable location.
Is Peoria, IL a good place to live for Industrial Production Managers?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($121,270) and West Central Illinois nonmetropolitan area.
How does the Peoria, IL salary compare to the national average?
The average salary for Industrial Production Managers in Peoria, IL is $118,890, which is slightly below the national average of $129,180.
What is the concentration of Industrial Production Managers in Peoria, IL?
Peoria, IL has a Location Quotient of 1.59 for Industrial Production Managers, meaning the concentration of these jobs is 59% higher than the national average.
How does the cost of living in Peoria, IL affect salary perception?
With a Cost of Living Index of 100 (the national average), the $118,890 salary in Peoria offers purchasing power equivalent to the national average, indicating good value.
What does the job market look like for Industrial Production Managers in Peoria, IL?
The market is robust, with a significant concentration (LQ 1.59) and a solid presence of 400 professionals, suggesting consistent demand and opportunity.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Peoria, IL area with a job density of 2.421 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 Peoria, IL