Average Management Occupations Salary in West Central Illinois nonmetropolitan area
Management Occupations in the West Central Illinois nonmetropolitan area command an average annual salary of $105,890. This figure is notably below the national average of $143,930, reflecting the distinct economic landscape and potentially lower demand for these high-level roles in a nonmetropolitan setting. Regional economic factors and industry concentration significantly influence compensation levels.
Executive Summary
- Average Salary: $105,890 per year.
- Growth Trend: Salaries have shifted 30.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $175,950.
- Outlook: With a local workforce of 10,360 individuals in Management Occupations and a Location Quotient of 0.86, the job market in West Central Illinois indicates a slightly lower concentration of these roles compared to the national average. While not a major hub for management positions, the presence of over 10,000 workers suggests a stable, albeit less dense, demand for leadership talent within the region's established industries.
Salary Overview
The average Management Occupations in West Central Illinois nonmetropolitan area earns-26.4%below the national average.
$50.9
$2,036
$8,824
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Management Occupations in West Central Illinois have experienced gradual growth over the past four years, mirroring broader economic trends. Increases in the cost of doing business, inflation, and the ongoing need for skilled leadership likely contributed to modest upward adjustments in compensation, though likely at a pace influenced by regional economic performance.
Management Occupations Salary Distribution in West Central Illinois nonmetropolitan area
Salary progression for Management Occupations typically scales significantly with experience. Entry-level management roles might start considerably lower than the $105,890 average, while senior executive positions can command salaries well above this figure. The widening gap between the 25th percentile (entry-level) and the 75th percentile (senior) salaries clearly signifies substantial career advancement opportunities and earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,230 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $79,418 | $38.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,560 | $44.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $132,363 | $63.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $175,950 | $84.6 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$105,890
Gross Pay
Real Wage (Purchasing Power)
$105,890
Adjusted for COL (100)
The average annual salary of $105,890 in West Central Illinois aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a management professional's salary in this region 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 effectively translates to a comparable standard of living.
Job Market Context
10,360
Total Jobs
61.005
Per 1K Jobs
0.86
Location Quotient
West Central Illinois nonmetropolitan area has 0.86x the national average concentration of Management Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.86 suggests that Management Occupations are slightly less concentrated in West Central Illinois compared to the national average. This indicates that while management roles are present and necessary for the local economy, the region is not a primary driver or destination for these professions. The market is likely stable but may offer fewer opportunities for rapid career advancement or specialized roles compared to more metropolitan areas.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Management Occupations Salary | $141,900↑ 34% | 9 mi |
| Decatur, IL Management Occupations Salary | $127,420↑ 20% | 34 mi |
| Champaign-Urbana, IL Management Occupations Salary | $115,720↑ 9% | 41 mi |
| Peoria, IL Management Occupations Salary | $125,350↑ 18% | 43 mi |
| Springfield, IL Management Occupations Salary | $117,190↑ 11% | 53 mi |
Comparing salaries near West Central Illinois nonmetropolitan area
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in West Central Illinois nonmetropolitan area?
The median annual salary for a Management Occupations in West Central Illinois nonmetropolitan area is $105,890. This typically ranges from $47,230 for entry-level positions to $175,950 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 26.4% lower than the national median of $143,930.
Is West Central Illinois nonmetropolitan area a lucrative place for Management Occupationss?
No, not compared to the national average.The average salary of $105,890 is significantly lower than the national average of $143,930, despite a national average cost of living. While stable, the market is less concentrated than national benchmarks.
Is West Central Illinois nonmetropolitan area a good place to live for Management Occupations?
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 ($141,900) and Decatur, IL.
How does the local salary compare to the national average?
The average annual salary for Management Occupations in West Central Illinois is $105,890, which is considerably lower than the national average of $143,930.
What is the cost of living in West Central Illinois?
The Cost of Living Index in West Central Illinois is 100, which is exactly the national average. This means your salary's purchasing power is comparable to the national average.
How concentrated are Management Occupations jobs in this area?
The Location Quotient of 0.86 indicates that Management Occupations are slightly less concentrated in West Central Illinois than the national average, suggesting a stable but not dominant presence.
What is the total number of Management Occupations workers in the area?
There are approximately 10,360 individuals employed in Management Occupations within the West Central Illinois nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,360 employees in the West Central Illinois nonmetropolitan area area with a job density of 61.005 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 West Central Illinois nonmetropolitan area