Average Management Analysts Salary in West Central Illinois nonmetropolitan area
Management Analysts in the West Central Illinois nonmetropolitan area earn an average annual salary of $112,060. This figure is slightly below the national average of $119,370, reflecting the unique economic dynamics and industry concentration within this specific region. Localized demand and the specific business landscape contribute to this pay scale.
Executive Summary
- Average Salary: $112,060 per year.
- Growth Trend: Salaries have shifted 27.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $189,190.
- Outlook: With a total local workforce of 210 Management Analysts, the job market in West Central Illinois presents a niche opportunity. The Location Quotient of 0.21 indicates a lower concentration of these roles compared to the national average, suggesting that while the absolute number of positions is modest, the demand within this specific geographic area is stable for the existing workforce.
Salary Overview
The average Management Analysts in West Central Illinois nonmetropolitan area earns-6.1%below the national average.
$53.9
$2,155
$9,338
Management Analysts Salary Trends (2020-2024)
While specific historical data for West Central Illinois is not provided, it's reasonable to assume that Management Analyst salaries in nonmetropolitan areas have seen gradual growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for strategic business guidance, and the evolving complexity of business operations likely contribute to a steady upward trajectory in compensation for these professionals.
Management Analysts Salary Distribution in West Central Illinois nonmetropolitan area
Salary progression for Management Analysts typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned professionals with a proven track record of successful strategic implementation and problem-solving can expect to earn considerably more. The percentile gaps in salary data, though not explicitly detailed here, would signify this career progression from junior to senior analyst roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,770 | $28.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,045 | $40.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,780 | $45.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $140,075 | $67.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $189,190 | $91 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$112,060
Gross Pay
Real Wage (Purchasing Power)
$112,060
Adjusted for COL (100)
The nominal average salary of $112,060 in West 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 that of someone earning the national average salary in a location with average living costs, offering a stable financial standing.
Job Market Context
210
Total Jobs
1.213
Per 1K Jobs
0.21
Location Quotient
At 0.21x, West 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.
The Location Quotient of 0.21 for Management Analysts in West Central Illinois signifies a market with a lower concentration of these professionals relative to the national average. This suggests that while the absolute number of jobs might be smaller, the market is less saturated, potentially offering unique opportunities for skilled analysts to establish themselves without intense competition from a large pool of peers.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Management Analysts Salary | $119,270↑ 6% | 9 mi |
| Decatur, IL Management Analysts Salary | $117,160↑ 5% | 34 mi |
| Champaign-Urbana, IL Management Analysts Salary | $116,040↑ 4% | 41 mi |
| Peoria, IL Management Analysts Salary | $105,010↓ 6% | 43 mi |
| Springfield, IL Management Analysts Salary | $102,960↓ 8% | 53 mi |
Comparing salaries near West Central Illinois nonmetropolitan area
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in West Central Illinois nonmetropolitan area?
The median annual salary for a Management Analysts in West Central Illinois nonmetropolitan area is $112,060. This typically ranges from $58,770 for entry-level positions to $189,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Central Illinois nonmetropolitan area is 6.1% lower than the national median of $119,370.
Is West Central Illinois nonmetropolitan area a lucrative place for Management Analysts?
Yes, it offers a competitive salary relative to its cost of living.The average salary of $112,060 is substantial, especially when considering the Cost of Living Index is at the national average of 100.
Is West Central Illinois nonmetropolitan area a good place to live for Management Analysts?
The Cost of Living Index in West Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($119,270) and Decatur, IL.
How does the Management Analyst salary compare nationally?
The average salary of $112,060 in West Central Illinois is slightly below the national average of $119,370, indicating regional economic factors influence compensation.
What is the job concentration of Management Analysts in this area?
The Location Quotient of 0.21 suggests that Management Analysts are less concentrated in West Central Illinois compared to the national average, indicating a more specialized job market.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the $112,060 salary in West Central Illinois offers purchasing power equivalent to the national average, making it financially stable.
What is the total number of Management Analysts in West Central Illinois?
There are approximately 210 Management Analysts employed in the West Central Illinois nonmetropolitan area, representing a focused segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the West Central Illinois nonmetropolitan area area with a job density of 1.213 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 West Central Illinois nonmetropolitan area