Average Management Occupations Salary in Champaign-Urbana, IL
In Champaign-Urbana, IL, professionals in Management Occupations can expect an average annual salary of $115,720. This figure is notably below the national average of $143,930, suggesting that local economic factors and industry demand play a significant role in compensation within this metropolitan area. While lower than the national benchmark, the salary reflects the specific economic landscape and the concentration of management roles available locally.
Executive Summary
- Average Salary: $115,720 per year.
- Growth Trend: Salaries have shifted 16.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $184,840.
- Outlook: Champaign-Urbana hosts a substantial workforce of 8,430 individuals in Management Occupations, with 80.626 jobs per 1,000 workers. The Location Quotient of 1.13 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and somewhat robust local market for management professionals. This concentration implies consistent demand for leadership and strategic planning within the region's businesses.
Salary Overview
The average Management Occupations in Champaign-Urbana, IL earns-19.6%below the national average.
$55.6
$2,225
$9,643
Management Occupations Salary Trends (2020-2024)
While specific historical data for Champaign-Urbana's management sector isn't provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic growth and increasing demand for skilled management. This growth is likely driven by evolving business needs, technological advancements, and the expansion of key industries within the Champaign-Urbana area, leading to competitive compensation adjustments.
Management Occupations Salary Distribution in Champaign-Urbana, IL
Salary progression for Management Occupations in Champaign-Urbana typically scales significantly with experience. Entry-level positions may start considerably lower than the average, while senior executives and highly specialized managers can command salaries well above $115,720. The widening gap between entry-level and senior roles, often seen in percentile distributions, clearly signifies substantial career advancement opportunities and increased earning potential as professionals gain expertise and leadership responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,080 | $26 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $86,790 | $41.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,280 | $49.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $144,650 | $69.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $184,840 | $88.9 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$115,720
Gross Pay
Real Wage (Purchasing Power)
$115,720
Adjusted for COL (100)
The average annual salary of $115,720 in Champaign-Urbana aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of a management professional's salary in this area is equivalent to that of someone earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary holds its value effectively within the local economic environment.
Job Market Context
8,430
Total Jobs
80.626
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Champaign-Urbana, IL has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
With a Location Quotient of 1.13, Champaign-Urbana demonstrates a slightly higher concentration of Management Occupations compared to the national average. This suggests that while management roles are present and in demand, the market is not oversaturated, offering a competitive yet accessible environment for both job seekers and employers. The presence of this concentration indicates a healthy local economy that supports and requires a solid base of managerial talent.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Management Occupations Salary | $127,420↑ 10% | 39 mi |
| West Central Illinois nonmetropolitan area Management Occupations Salary | $105,890↓ 8% | 41 mi |
| East Central Illinois nonmetropolitan area Management Occupations Salary | $111,580↓ 4% | 41 mi |
| Northwest Illinois nonmetropolitan area Management Occupations Salary | $108,800↓ 6% | 41 mi |
| South Illinois nonmetropolitan area Management Occupations Salary | $103,400↓ 11% | 41 mi |
Comparing salaries near Champaign-Urbana, IL
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Frequently Asked Questions
How much does a Management Occupations make in Champaign-Urbana, IL?
The median annual salary for a Management Occupations in Champaign-Urbana, IL is $115,720. This typically ranges from $54,080 for entry-level positions to $184,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Champaign-Urbana, IL is 19.6% lower than the national median of $143,930.
Is Champaign-Urbana, IL a lucrative place for Management Occupationss?
Yes, with a caveat regarding national averages.The average salary of $115,720 is competitive locally, especially since the cost of living is at the national average. However, it falls below the national average salary for management roles.
Is Champaign-Urbana, IL a good place to live for Management Occupations?
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 ($127,420) and West Central Illinois nonmetropolitan area.
How does the Champaign-Urbana management salary compare to the national average?
The average salary for Management Occupations in Champaign-Urbana is $115,720, which is lower than the national average of $143,930.
What is the cost of living in Champaign-Urbana, IL?
Champaign-Urbana has a Cost of Living Index of 100, which is exactly the national average.
Is there a high demand for management roles in Champaign-Urbana?
The Location Quotient of 1.13 suggests a slightly higher concentration of management roles than the national average, indicating a stable demand.
How many management professionals work in Champaign-Urbana?
There are approximately 8,430 individuals employed in Management Occupations in the Champaign-Urbana area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,430 employees in the Champaign-Urbana, IL area with a job density of 80.626 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 Occupations • Data source: BLS OEWS 2024 •Jobs in Champaign-Urbana, IL