Average Management Occupations Salary in Springfield, IL
Management Occupations in Springfield, IL command an average annual salary of $117,190, positioning them slightly below the national average of $143,930. This localized compensation reflects the specific economic dynamics and demand within the Illinois state capital, influencing the overall pay structure for leadership roles.
Executive Summary
- Average Salary: $117,190 per year.
- Growth Trend: Salaries have shifted 12.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $195,740.
- Outlook: With a total local workforce of 7,630 individuals in Management Occupations, Springfield, IL demonstrates a stable presence in this sector. The Location Quotient of 1.04 indicates a concentration of these roles that is very close to the national average, suggesting a balanced and consistent demand for management professionals within the region's economy.
Salary Overview
The average Management Occupations in Springfield, IL earns-18.6%below the national average.
$56.3
$2,254
$9,766
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that management salaries in Springfield, IL have experienced growth over the past four years, mirroring national trends. Economic development and evolving business needs typically drive an upward trajectory in compensation for experienced leadership roles.
Management Occupations Salary Distribution in Springfield, IL
The salary spectrum for Management Occupations in Springfield, IL, like elsewhere, is significantly influenced by experience. Entry-level positions will naturally fall at the lower end of the pay scale, while senior executives with extensive track records and specialized skills can command salaries well above the average. The percentile gaps between different experience levels highlight clear pathways for career progression and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,650 | $24.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,893 | $42.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $101,200 | $48.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,488 | $70.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $195,740 | $94.1 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$117,190
Gross Pay
Real Wage (Purchasing Power)
$117,190
Adjusted for COL (100)
The average annual salary of $117,190 in Springfield, 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 Springfield is equivalent to that of their national counterpart, offering a stable financial foundation for residents.
Job Market Context
7,630
Total Jobs
74.304
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Springfield, IL has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
Springfield, IL's Location Quotient of 1.04 for Management Occupations suggests a job market that is neither significantly over- nor under-represented compared to the national landscape. This indicates a healthy, competitive environment where opportunities exist, but professionals may need to demonstrate strong qualifications to stand out.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Management Occupations Salary | $127,420↑ 9% | 39 mi |
| West Central Illinois nonmetropolitan area Management Occupations Salary | $105,890↓ 10% | 53 mi |
| East Central Illinois nonmetropolitan area Management Occupations Salary | $111,580↓ 5% | 53 mi |
| Northwest Illinois nonmetropolitan area Management Occupations Salary | $108,800↓ 7% | 53 mi |
| South Illinois nonmetropolitan area Management Occupations Salary | $103,400↓ 12% | 53 mi |
Comparing salaries near Springfield, IL
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Springfield, IL?
The median annual salary for a Management Occupations in Springfield, IL is $117,190. This typically ranges from $51,650 for entry-level positions to $195,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 18.6% lower than the national median of $143,930.
Is Springfield, IL a lucrative place for Management Occupationss?
Yes, Springfield, IL offers a competitive salary for Management Occupations relative to its cost of living.The average salary of $117,190 is substantial, especially when considering the national average cost of living index of 100. This indicates strong purchasing power for management professionals in the area.
Is Springfield, IL a good place to live for Management Occupations?
The Cost of Living Index in Springfield, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, IL?
Some top paying nearby cities include Decatur, IL ($127,420) and West Central Illinois nonmetropolitan area.
How does the Springfield, IL management salary compare to the national average?
The average annual salary for Management Occupations in Springfield, IL is $117,190, which is below the national average of $143,930.
What is the concentration of Management Occupations in Springfield, IL?
Springfield, IL has a Location Quotient of 1.04 for Management Occupations, indicating a concentration slightly above the national average.
How does the cost of living in Springfield, IL affect salary perception?
With a Cost of Living Index of 100, the national average, the $117,190 salary in Springfield offers purchasing power equivalent to the national average, making it a stable financial environment.
What is the total number of Management Occupations jobs in Springfield, IL?
There are approximately 7,630 individuals employed in Management Occupations within Springfield, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,630 employees in the Springfield, IL area with a job density of 74.304 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 Springfield, IL