Average Management Occupations Salary in Peoria, IL
In Peoria, IL, professionals in Management Occupations can expect an average annual salary of $125,350. This figure is slightly below the national average of $143,930, suggesting that while management roles are present, local economic factors and industry concentration may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $125,350 per year.
- Growth Trend: Salaries have shifted 9.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $209,050.
- Outlook: Peoria, IL boasts a substantial local workforce of 12,930 individuals within Management Occupations. With a Location Quotient of 1.1, indicating a concentration slightly above the national average, the job market demonstrates a healthy demand and a stable presence for management professionals in the region.
Salary Overview
The average Management Occupations in Peoria, IL earns-12.9%below the national average.
$60.3
$2,411
$10,446
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that management occupations in Peoria, IL, have experienced steady salary growth over the past four years, mirroring national trends. This growth is likely driven by inflation, increased demand for skilled leadership, and the evolving business landscape within the region.
Management Occupations Salary Distribution in Peoria, IL
Salary progression within Management Occupations in Peoria, IL, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while senior and executive roles command salaries in the upper percentiles, reflecting increased responsibility, strategic input, and proven leadership capabilities. The widening gap between entry-level and senior salaries highlights clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,580 | $26.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,013 | $45.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $108,250 | $52 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $156,688 | $75.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $209,050 | $100.5 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$125,350
Gross Pay
Real Wage (Purchasing Power)
$125,350
Adjusted for COL (100)
The average annual salary of $125,350 in Peoria, IL, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a management professional's income in Peoria is comparable to the national average, offering a stable financial environment without significant cost-of-living advantages or disadvantages.
Job Market Context
12,930
Total Jobs
78.238
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Peoria, IL has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
With a Location Quotient of 1.1, Peoria, IL, shows a slightly higher concentration of Management Occupations compared to the national average. This suggests a moderately competitive market where demand for skilled managers is robust, potentially offering good opportunities for those seeking employment or career advancement in this sector.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Management Occupations Salary | $141,900↑ 13% | 39 mi |
| West Central Illinois nonmetropolitan area Management Occupations Salary | $105,890↓ 16% | 43 mi |
| East Central Illinois nonmetropolitan area Management Occupations Salary | $111,580↓ 11% | 43 mi |
| Northwest Illinois nonmetropolitan area Management Occupations Salary | $108,800↓ 13% | 43 mi |
| South Illinois nonmetropolitan area Management Occupations Salary | $103,400↓ 18% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Peoria, IL?
The median annual salary for a Management Occupations in Peoria, IL is $125,350. This typically ranges from $55,580 for entry-level positions to $209,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 12.9% lower than the national median of $143,930.
Is Peoria, IL a lucrative place for Management Occupationss?
Yes, with a caveat.Peoria, IL offers a competitive average salary of $125,350 for Management Occupations, which is on par with the national cost of living. While slightly below the national average salary, the stable job market concentration indicates good opportunities.
Is Peoria, IL a good place to live for Management Occupations?
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 ($141,900) and West Central Illinois nonmetropolitan area.
How does the Peoria, IL salary compare to the national average for Management Occupations?
The average annual salary for Management Occupations in Peoria, IL, is $125,350, which is approximately 13% lower than the national average of $143,930.
What is the concentration of Management Occupations in Peoria, IL?
Peoria, IL has a Location Quotient of 1.1 for Management Occupations, indicating that the concentration of these jobs in the area is slightly higher than the national average.
How does the Cost of Living in Peoria, IL affect the salary?
Peoria, IL has a Cost of Living Index of 100, which is the national average. This means the $125,350 salary has purchasing power equivalent to the national average, making it relatively stable.
What is the total workforce size for Management Occupations in Peoria, IL?
There are 12,930 individuals employed in Management Occupations in Peoria, IL, representing a significant portion 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 12,930 employees in the Peoria, IL area with a job density of 78.238 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 Peoria, IL