Average Management Analysts Salary in Peoria, IL
Management Analysts in Peoria, IL, earn an average annual salary of $105,010. This figure is notably below the national average of $119,370, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. The specific economic landscape and industry concentration within Peoria play a significant role in shaping the pay scales for this analytical profession.
Executive Summary
- Average Salary: $105,010 per year.
- Growth Trend: Salaries have shifted 2.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $157,470.
- Outlook: The job market for Management Analysts in Peoria, IL, appears to be moderately concentrated, with a local workforce of 390 professionals. The Location Quotient of 0.41 indicates that this role is less prevalent in Peoria compared to the national average, suggesting a niche but potentially stable demand within the local economy. With 2.366 jobs per 1,000 workers, the presence of these roles signifies ongoing opportunities for skilled analysts.
Salary Overview
The average Management Analysts in Peoria, IL earns-12.0%below the national average.
$50.5
$2,019
$8,751
Management Analysts Salary Trends (2020-2024)
While specific historical data for Peoria is not provided, it is generally assumed that Management Analyst salaries nationwide have experienced steady growth over the past four years, driven by increasing business complexity and the demand for strategic insights. This national trend likely influences local compensation, even if Peoria's specific growth rate may differ due to regional economic factors and industry evolution.
Management Analysts Salary Distribution in Peoria, IL
The career trajectory for Management Analysts typically involves significant salary progression based on experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command salaries well above the average. The widening gap between starting and senior-level compensation reflects the increasing value placed on strategic acumen and leadership in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,210 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $78,758 | $37.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,620 | $44.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $131,263 | $63.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $157,470 | $75.7 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$105,010
Gross Pay
Real Wage (Purchasing Power)
$105,010
Adjusted for COL (100)
For Management Analysts considering a move to Peoria, IL, the average salary of $105,010 aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, indicating that the cost of goods and services in Peoria is neither significantly higher nor lower than the national benchmark.
Job Market Context
390
Total Jobs
2.366
Per 1K Jobs
0.41
Location Quotient
At 0.41x, Peoria, IL has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.41, the market for Management Analysts in Peoria, IL, is less concentrated than the national average. This suggests that while there is a presence of these professionals, the field is not as saturated as in other regions. This could translate to a competitive environment for job seekers, but also potentially greater opportunities for those with specialized skills to stand out.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Management Analysts Salary | $119,270↑ 14% | 39 mi |
| West Central Illinois nonmetropolitan area Management Analysts Salary | $112,060↑ 7% | 43 mi |
| East Central Illinois nonmetropolitan area Management Analysts Salary | $109,090↑ 4% | 43 mi |
| Northwest Illinois nonmetropolitan area Management Analysts Salary | $97,560↓ 7% | 43 mi |
| South Illinois nonmetropolitan area Management Analysts Salary | $111,720↑ 6% | 43 mi |
Comparing salaries near Peoria, IL
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Frequently Asked Questions
How much does a Management Analysts make in Peoria, IL?
The median annual salary for a Management Analysts in Peoria, IL is $105,010. This typically ranges from $31,210 for entry-level positions to $157,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 12.0% lower than the national median of $119,370.
Is Peoria, IL a lucrative place for Management Analysts?
No, not compared to the national average.While the average salary of $105,010 is substantial, it falls below the national average of $119,370. However, the cost of living is on par with the national average, making the salary's purchasing power equivalent.
Is Peoria, IL a good place to live for Management Analysts?
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 ($119,270) and West Central Illinois nonmetropolitan area.
How does the Peoria Management Analyst salary compare to the national average?
The average annual salary for Management Analysts in Peoria, IL, is $105,010, which is approximately $14,360 less than the national average of $119,370.
What is the concentration of Management Analysts in Peoria, IL?
The concentration, measured by the Location Quotient, is 0.41, indicating that Management Analysts are less prevalent in Peoria compared to the national average.
How does the cost of living in Peoria affect the salary?
Peoria's Cost of Living Index is 100, which is the national average. This means the $105,010 salary has a purchasing power equivalent to the national average salary in a higher or lower cost-of-living area.
What is the total number of Management Analysts in Peoria, IL?
There are approximately 390 Management Analysts working in Peoria, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Peoria, IL area with a job density of 2.366 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 Peoria, IL