SalaryNode

Average Management Analysts Salary in Champaign-Urbana, IL

Management Analysts in Champaign-Urbana, IL earn an average annual salary of $116,040. This figure is slightly below the national average of $119,370, a common occurrence in regions with a lower cost of living. Local economic factors and the specific demand within the Champaign-Urbana area contribute to this compensation structure.

Executive Summary

  • Average Salary: $116,040 per year.
  • Growth Trend: Salaries have shifted 3.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $181,700.
  • Outlook: The Champaign-Urbana market for Management Analysts, while not as concentrated as national averages with a Location Quotient of 0.43, still supports a workforce of 260 professionals. The presence of 2.516 jobs per 1,000 workers indicates a steady, albeit not booming, demand for these analytical services within the local economy.
2024 Market Data

Salary Overview

$116,040

The average Management Analysts in Champaign-Urbana, IL earns-2.8%below the national average.

BreakdownBased on 40h/week
Hourly

$55.8

Weekly

$2,232

Monthly

$9,670

Management Analysts Salary Distribution in Champaign-Urbana, IL

Salary progression for Management Analysts is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive expertise and a proven track record can expect to earn significantly more, often reaching the higher percentiles. The gap between entry-level and senior roles highlights substantial career growth opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$59,620$28.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$87,030$41.8
ManagerOversees team, compliance, and project delivery.50% (Median)$96,100$46.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$145,050$69.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$181,700$87.4

Detailed Management Analysts Market Analysis

Relocation Context

Nominal Salary

$116,040

Gross Pay

Real Wage (Purchasing Power)

$116,040

Adjusted for COL (100)

With an average annual salary of $116,040 and a Cost of Living Index of 100, Management Analysts in Champaign-Urbana, IL, experience a salary that aligns precisely with the national average cost of living. This means that the purchasing power of their earnings is comparable to that of analysts in a typical U.S. metropolitan area.

Job Market Context

260

Total Jobs

2.516

Per 1K Jobs

0.43

Location Quotient

Low Concentration

At 0.43x, Champaign-Urbana, IL has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.

The Location Quotient of 0.43 suggests that Management Analysts are less concentrated in Champaign-Urbana compared to the national average. This indicates a less saturated job market, which could present opportunities for skilled professionals, though it also implies a potentially lower overall demand relative to other regions.

Nearby Job Markets

Nearby Cities for Management Analysts

CitySalaryDist.
Decatur, IL Management Analysts Salary$117,160↑ 1%39 mi
West Central Illinois nonmetropolitan area Management Analysts Salary$112,060↓ 3%41 mi
East Central Illinois nonmetropolitan area Management Analysts Salary$109,090↓ 6%41 mi
Northwest Illinois nonmetropolitan area Management Analysts Salary$97,560↓ 16%41 mi
South Illinois nonmetropolitan area Management Analysts Salary$111,720↓ 4%41 mi

Comparing salaries near Champaign-Urbana, IL

Hiring Management Analystss?

Frequently Asked Questions

How much does a Management Analysts make in Champaign-Urbana, IL?

The median annual salary for a Management Analysts in Champaign-Urbana, IL is $116,040. This typically ranges from $59,620 for entry-level positions to $181,700 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Champaign-Urbana, IL is 2.8% lower than the national median of $119,370.

Is Champaign-Urbana, IL a lucrative place for Management Analysts?

No, not exceptionally lucrative compared to the national average.While the average salary of $116,040 is substantial, it falls slightly below the national average of $119,370. However, the cost of living being at the national average means the salary's purchasing power is equivalent.

Is Champaign-Urbana, IL a good place to live for Management Analysts?

The Cost of Living Index in Champaign-Urbana, IL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Champaign-Urbana, IL?

Some top paying nearby cities include Decatur, IL ($117,160) and West Central Illinois nonmetropolitan area.

What is the average salary for a Management Analyst in Champaign-Urbana, IL?

The average annual salary for a Management Analyst in Champaign-Urbana, IL is $116,040.

How does the Champaign-Urbana salary compare to the national average?

The average salary in Champaign-Urbana ($116,040) is slightly lower than the national average ($119,370).

What is the Cost of Living Index in Champaign-Urbana, IL?

The Cost of Living Index in Champaign-Urbana, IL is 100, which is the national average.

How concentrated is the Management Analyst job market in Champaign-Urbana?

The job market for Management Analysts in Champaign-Urbana is less concentrated than the national average, with a Location Quotient of 0.43.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Champaign-Urbana, IL area with a job density of 2.516 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Champaign-Urbana, IL