Average Management Occupations Salary in Decatur, IL
Management Occupations in Decatur, IL, command an impressive average annual salary of $127,420. This figure is slightly below the national average of $143,930, suggesting a localized market dynamic influencing compensation. Factors such as the specific industry mix and regional economic conditions in Decatur likely contribute to this pay scale.
Executive Summary
- Average Salary: $127,420 per year.
- Growth Trend: Salaries have shifted 36.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $213,990.
- Outlook: With a total local workforce of 3,660 individuals in Management Occupations, Decatur presents a stable employment landscape. The Location Quotient of 1.14 indicates a slightly higher concentration of these roles compared to the national average, suggesting a consistent demand for management talent within the region's economic structure.
Salary Overview
The average Management Occupations in Decatur, IL earns-11.5%below the national average.
$61.3
$2,450
$10,618
Management Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Management Occupations in Decatur have experienced growth over the past four years, mirroring broader economic trends. Increases in the cost of doing business, inflation, and the evolving demands of management roles typically drive upward salary adjustments in most markets.
Management Occupations Salary Distribution in Decatur, IL
Career progression within Management Occupations in Decatur, IL, significantly impacts earning potential. Entry-level positions might start considerably lower than the average, while senior leadership roles, with extensive experience and proven track records, can command salaries well above the $127,420 average. The percentile gaps between junior and senior roles highlight the substantial financial rewards of career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,780 | $26.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $95,565 | $45.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $106,900 | $51.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $159,275 | $76.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $213,990 | $102.9 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$127,420
Gross Pay
Real Wage (Purchasing Power)
$127,420
Adjusted for COL (100)
The average annual salary of $127,420 in Decatur, 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 professional's salary in Decatur is equivalent to the national standard, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
3,660
Total Jobs
80.92
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Decatur, IL has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
Decatur's Location Quotient of 1.14 for Management Occupations suggests a market that is slightly more concentrated than the national average. This indicates a healthy, albeit not overwhelmingly saturated, demand for management professionals, implying a competitive but accessible job market for skilled individuals in these roles.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Management Occupations Salary | $105,890↓ 17% | 34 mi |
| East Central Illinois nonmetropolitan area Management Occupations Salary | $111,580↓ 12% | 34 mi |
| Northwest Illinois nonmetropolitan area Management Occupations Salary | $108,800↓ 15% | 34 mi |
| South Illinois nonmetropolitan area Management Occupations Salary | $103,400↓ 19% | 34 mi |
| Springfield, IL Management Occupations Salary | $117,190↓ 8% | 39 mi |
Comparing salaries near Decatur, IL
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Decatur, IL?
The median annual salary for a Management Occupations in Decatur, IL is $127,420. This typically ranges from $55,780 for entry-level positions to $213,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Decatur, IL is 11.5% lower than the national median of $143,930.
Is Decatur, IL a lucrative place for Management Occupationss?
Yes, Decatur, IL offers a competitive salary for Management Occupations.The average salary of $127,420 is substantial, and with a cost of living at the national average, it provides strong purchasing power. The slightly higher concentration of these roles also suggests consistent demand.
Is Decatur, IL a good place to live for Management Occupations?
The Cost of Living Index in Decatur, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Decatur, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($105,890) and East Central Illinois nonmetropolitan area.
How does Decatur's management salary compare to the national average?
The average annual salary for Management Occupations in Decatur, IL, is $127,420, which is slightly lower than the national average of $143,930.
What is the concentration of Management Occupations in Decatur?
Decatur has a Location Quotient of 1.14 for Management Occupations, indicating a slightly higher concentration of these jobs compared to the national average.
How does the cost of living in Decatur affect salary perception?
Decatur's Cost of Living Index is 100, matching the national average. This means the $127,420 salary has the same relative purchasing power as the national average salary.
What does the total workforce size suggest about management job opportunities?
With 3,660 individuals in Management Occupations, Decatur has a significant local workforce, suggesting a stable and established market for these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,660 employees in the Decatur, IL area with a job density of 80.92 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 Decatur, IL