Average Management Analysts Salary in Rockford, IL
Management Analysts in Rockford, IL earn an average annual salary of $116,390. This figure is slightly below the national average of $119,370, indicating a localized compensation trend. Factors such as the regional economic landscape and the specific demand within the Rockford area contribute to this pay scale.
Executive Summary
- Average Salary: $116,390 per year.
- Growth Trend: Salaries have shifted 76.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $186,810.
- Outlook: The Rockford, IL market for Management Analysts shows a modest presence, with a total local workforce of 200 professionals. The jobs per 1,000 workers stand at 1.42, suggesting a steady but not exceptionally high demand. While the concentration (Location Quotient) of 0.24 indicates fewer Management Analysts relative to the national average, this can imply a stable job market for those with the right skills.
Salary Overview
The average Management Analysts in Rockford, IL earns-2.5%below the national average.
$56
$2,238
$9,699
Management Analysts Salary Trends (2020-2024)
While specific historical data for Rockford is not provided, it is generally assumed that Management Analyst salaries nationwide have experienced consistent growth over the past four years, driven by increasing business complexity and the need for strategic guidance. This upward trend is likely reflected to some degree in the Rockford market, though local economic conditions may influence the pace of salary increases.
Management Analysts Salary Distribution in Rockford, IL
The salary trajectory for Management Analysts typically scales significantly with 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 substantially higher compensation. The percentile gaps in salary distribution highlight the clear career progression and earning potential available as analysts advance through junior, mid-level, and senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,280 | $24.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,293 | $42 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,730 | $46 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $145,488 | $69.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $186,810 | $89.8 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$116,390
Gross Pay
Real Wage (Purchasing Power)
$116,390
Adjusted for COL (100)
A nominal salary of $116,390 in Rockford, IL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Management Analyst's salary in Rockford is equivalent to the national standard, suggesting that the take-home pay effectively covers typical living expenses without significant deviation from the national norm.
Job Market Context
200
Total Jobs
1.42
Per 1K Jobs
0.24
Location Quotient
At 0.24x, Rockford, 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 0.24, Rockford, IL, has a notably lower concentration of Management Analysts compared to the national average. This suggests that the job market in Rockford is less saturated with these professionals. While this might indicate fewer immediate opportunities compared to more concentrated areas, it could also mean less competition for available roles, potentially benefiting skilled analysts seeking employment.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Management Analysts Salary | $100,440↓ 14% | 30 mi |
| Madison, WI Management Analysts Salary | $108,640↓ 7% | 59 mi |
| Kenosha, WI Management Analysts Salary | $104,470↓ 10% | 65 mi |
| Racine-Mount Pleasant, WI Management Analysts Salary | $110,280↓ 5% | 71 mi |
| Chicago-Naperville-Elgin, IL-IN Management Analysts Salary | $127,990↑ 10% | 78 mi |
Comparing salaries near Rockford, IL
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Rockford, IL?
The median annual salary for a Management Analysts in Rockford, IL is $116,390. This typically ranges from $50,280 for entry-level positions to $186,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 2.5% lower than the national median of $119,370.
Is Rockford, IL a lucrative place for Management Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $116,390 is substantial, it falls slightly below the national average. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.
Is Rockford, IL a good place to live for Management Analysts?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($100,440) and Madison, WI.
How does the Rockford Management Analyst salary compare to the national average?
The average salary for Management Analysts in Rockford, IL is $116,390, which is slightly lower than the national average of $119,370.
What is the cost of living in Rockford, IL for Management Analysts?
The cost of living in Rockford, IL is at the national average (index of 100), meaning that the purchasing power of a Management Analyst's salary is equivalent to the national standard.
How concentrated is the Management Analyst job market in Rockford, IL?
The market concentration, measured by the Location Quotient, is 0.24, which is significantly below the national average, indicating fewer Management Analysts relative to the national proportion.
What is the total number of Management Analysts in Rockford, IL?
There are approximately 200 Management Analysts working in the Rockford, IL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Rockford, IL area with a job density of 1.42 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Management Analysts Salaries by State
Top Jobs in Rockford, IL
- All Occupations Salary in Rockford, IL
- Production Occupations Salary in Rockford, IL
- Transportation and Material Moving Occupations Salary in Rockford, IL
- Office and Administrative Support Occupations Salary in Rockford, IL
- Food Preparation and Serving Related Occupations Salary in Rockford, IL
- Sales and Related Occupations Salary in Rockford, IL
- Healthcare Practitioners and Technical Occupations Salary in Rockford, IL
- Management Occupations Salary in Rockford, IL
- Educational Instruction and Library Occupations Salary in Rockford, IL
- Healthcare Support Occupations Salary in Rockford, IL
- Browse All Jobs in Rockford, IL →
Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Rockford, IL