Average Management Analysts Salary in Bloomington, IL
Management Analysts in Bloomington, IL, earn an impressive average annual salary of $119,270, virtually mirroring the national average of $119,370. This parity suggests that while the specific economic drivers of Bloomington may not inflate salaries significantly above the national benchmark, the local demand and cost of living are well-aligned with national compensation trends for this critical role.
Executive Summary
- Average Salary: $119,270 per year.
- Growth Trend: Salaries have shifted 18.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $158,770.
- Outlook: Bloomington, IL, hosts a concentrated workforce of approximately 600 Management Analysts, indicated by a Location Quotient of 1.15. This suggests a slightly higher prevalence of these roles compared to the national average, pointing towards a stable and potentially growing demand within the local market. The presence of 6.669 jobs per 1,000 workers further solidifies the robustness of the job market for management analysis professionals in the area.
Salary Overview
The average Management Analysts in Bloomington, IL earns-0.1%below the national average.
$57.3
$2,294
$9,939
Management Analysts Salary Trends (2020-2024)
While specific historical data for Bloomington, IL is not provided, it is reasonable to assume that Management Analyst salaries in the region have experienced steady growth over the past four years, aligning with national trends. Economic shifts, increased demand for strategic planning, and the evolving complexity of business operations likely contribute to a consistent upward trajectory in compensation for these analytical professionals.
Management Analysts Salary Distribution in Bloomington, IL
The career path for Management Analysts in Bloomington, IL, typically shows significant salary progression with experience. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive expertise and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles underscores the value placed on experience and specialized skills within the management analysis field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $78,100 | $37.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,453 | $43 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $107,600 | $51.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $149,088 | $71.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $158,770 | $76.3 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$119,270
Gross Pay
Real Wage (Purchasing Power)
$119,270
Adjusted for COL (100)
The nominal average salary of $119,270 in Bloomington, IL, is perfectly balanced by a Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Management Analyst's salary in Bloomington is equivalent to the national average, offering no significant advantage or disadvantage in terms of affordability compared to the rest of the country.
Job Market Context
600
Total Jobs
6.669
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Bloomington, IL has a slightly higher-than-average concentration of Management Analysts roles compared to the national norm.
With a Location Quotient of 1.15, Bloomington, IL, exhibits a slightly higher concentration of Management Analysts than the national average. This indicates a moderately competitive job market where demand is robust enough to support a workforce slightly denser than the national norm. While not an exceptionally niche market, the concentration suggests a healthy ecosystem of opportunities for skilled professionals in this field.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Management Analysts Salary | $112,060↓ 6% | 9 mi |
| East Central Illinois nonmetropolitan area Management Analysts Salary | $109,090↓ 9% | 9 mi |
| Northwest Illinois nonmetropolitan area Management Analysts Salary | $97,560↓ 18% | 9 mi |
| South Illinois nonmetropolitan area Management Analysts Salary | $111,720↓ 6% | 9 mi |
| Peoria, IL Management Analysts Salary | $105,010↓ 12% | 39 mi |
Comparing salaries near Bloomington, IL
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Frequently Asked Questions
How much does a Management Analysts make in Bloomington, IL?
The median annual salary for a Management Analysts in Bloomington, IL is $119,270. This typically ranges from $78,100 for entry-level positions to $158,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IL is 0.1% lower than the national median of $119,370.
Is Bloomington, IL a lucrative place for Management Analysts?
Yes, Bloomington, IL offers competitive compensation for Management Analysts.The average salary is nearly identical to the national average, and the cost of living is also at the national average, indicating strong purchasing power for these professionals.
Is Bloomington, IL a good place to live for Management Analysts?
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 ($112,060) and East Central Illinois nonmetropolitan area.
How does the Bloomington, IL Management Analyst salary compare to the national average?
The average annual salary for Management Analysts in Bloomington, IL, is $119,270, which is remarkably close to the national average of $119,370, indicating very similar compensation levels.
What is the cost of living in Bloomington, IL for Management Analysts?
The Cost of Living Index in Bloomington, IL, is 100, which is precisely the national average. This means that the expenses for goods and services are comparable to the national average.
How concentrated is the Management Analyst job market in Bloomington, IL?
Bloomington, IL has a Location Quotient of 1.15 for Management Analysts, suggesting a slightly higher concentration of these professionals compared to the national average, indicating a healthy local job market.
What is the total workforce size for Management Analysts in Bloomington, IL?
There are approximately 600 Management Analysts working in Bloomington, IL, contributing to the local economy and job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 600 employees in the Bloomington, IL area with a job density of 6.669 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Bloomington, IL