Average Management Analysts Salary in East Central Illinois nonmetropolitan area
Management Analysts in the East Central Illinois nonmetropolitan area earn an average annual salary of $109,090. This figure is approximately 8.6% below the national average of $119,370. The localized pay reflects the specific economic dynamics and demand within this nonmetropolitan region, which differs from larger urban centers.
Executive Summary
- Average Salary: $109,090 per year.
- Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $158,140.
- Outlook: The job market for Management Analysts in East Central Illinois is characterized by a total local workforce of 260 individuals. With a Location Quotient of 0.31, the concentration of these roles is significantly lower than the national average, suggesting a niche but potentially stable demand within the region's specific industries.
Salary Overview
The average Management Analysts in East Central Illinois nonmetropolitan area earns-8.6%below the national average.
$52.5
$2,098
$9,091
Management Analysts Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that Management Analyst salaries across the nation have seen consistent growth over the past four years, driven by the increasing need for strategic planning and operational efficiency in businesses. This trend likely extends to East Central Illinois, albeit at a potentially different pace.
Management Analysts Salary Distribution in East Central Illinois nonmetropolitan area
Salary progression for Management Analysts typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies significant career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,950 | $32.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $81,818 | $39.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $101,760 | $48.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $136,363 | $65.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $158,140 | $76 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$109,090
Gross Pay
Real Wage (Purchasing Power)
$109,090
Adjusted for COL (100)
The nominal average salary of $109,090 in East Central Illinois aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Management Analyst's salary in this region is equivalent to the national average, making it a stable financial environment for professionals.
Job Market Context
260
Total Jobs
1.802
Per 1K Jobs
0.31
Location Quotient
At 0.31x, East Central Illinois nonmetropolitan area has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.31 indicates that Management Analysts are less concentrated in the East Central Illinois nonmetropolitan area compared to the national average. This suggests a less competitive job market with fewer professionals vying for available positions, potentially offering greater opportunities for those seeking employment in this field within the region.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Management Analysts Salary | $119,270↑ 9% | 9 mi |
| Decatur, IL Management Analysts Salary | $117,160↑ 7% | 34 mi |
| Champaign-Urbana, IL Management Analysts Salary | $116,040↑ 6% | 41 mi |
| Peoria, IL Management Analysts Salary | $105,010↓ 4% | 43 mi |
| Springfield, IL Management Analysts Salary | $102,960↓ 6% | 53 mi |
Comparing salaries near East Central Illinois nonmetropolitan area
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in East Central Illinois nonmetropolitan area?
The median annual salary for a Management Analysts in East Central Illinois nonmetropolitan area is $109,090. This typically ranges from $67,950 for entry-level positions to $158,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Central Illinois nonmetropolitan area is 8.6% lower than the national median of $119,370.
Is East Central Illinois nonmetropolitan area a lucrative place for Management Analysts?
No, not compared to the national average.While the average salary of $109,090 is substantial, it falls below the national average of $119,370. However, the cost of living being at the national average offsets this difference somewhat.
Is East Central Illinois nonmetropolitan area a good place to live for Management Analysts?
The Cost of Living Index in East Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($119,270) and Decatur, IL.
How does the number of Management Analysts in East Central Illinois compare nationally?
With only 260 Management Analysts in the local workforce and a Location Quotient of 0.31, the presence of these professionals is significantly lower than the national average, indicating a less saturated market.
What is the job availability like for Management Analysts in this region?
The job market is less concentrated, with 1.802 jobs per 1,000 workers, suggesting a moderate but potentially stable demand for Management Analysts within the specific economic landscape of East Central Illinois.
Does experience significantly impact a Management Analyst's salary in East Central Illinois?
Yes, as with most professions, experience is a key driver of salary. Senior Management Analysts typically earn considerably more than those in entry-level positions, reflecting their accumulated expertise and value.
How does the cost of living affect the Management Analyst salary in East Central Illinois?
The Cost of Living Index is exactly at the national average (100), meaning the $109,090 salary offers purchasing power equivalent to the national average, making it a balanced financial proposition.
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 East Central Illinois nonmetropolitan area area with a job density of 1.802 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 East Central Illinois nonmetropolitan area