Average Medical and Health Services Managers Salary in Peoria, IL
In Peoria, IL, Medical and Health Services Managers earn an average annual salary of $126,980, which is slightly below the national average of $137,170. This localized compensation reflects the specific economic conditions and demand within the Peoria metropolitan area, influencing the overall pay structure for healthcare administration professionals.
Executive Summary
- Average Salary: $126,980 per year.
- Growth Trend: Salaries have shifted 0.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $192,960.
- Outlook: Peoria, IL supports a robust local workforce of 760 Medical and Health Services Managers. With a Location Quotient of 1.26, indicating a concentration 26% higher than the national average, the demand for these professionals in the region is notably strong, suggesting a stable and potentially growing job market.
Salary Overview
The average Medical and Health Services Managers in Peoria, IL earns-7.4%below the national average.
$61.1
$2,442
$10,582
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Medical and Health Services Managers in Peoria, IL have experienced consistent growth over the past four years, mirroring national trends of increasing healthcare demand and administrative complexity.
Medical and Health Services Managers Salary Distribution in Peoria, IL
Career progression for Medical and Health Services Managers in Peoria, IL, is typically marked by significant salary increases with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise and take on greater responsibilities, their earning potential can ascend to the higher percentiles, reflecting a clear career trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $73,680 | $35.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $95,235 | $45.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $114,140 | $54.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $158,725 | $76.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $192,960 | $92.8 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$126,980
Gross Pay
Real Wage (Purchasing Power)
$126,980
Adjusted for COL (100)
The average annual salary of $126,980 in Peoria, 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 Medical and Health Services Manager's salary in Peoria is equivalent to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
760
Total Jobs
4.607
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, Peoria, IL has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
A Location Quotient of 1.26 signifies that Medical and Health Services Managers are more concentrated in Peoria, IL, than the national average. This suggests a competitive yet well-established market where employers may actively seek experienced professionals, and opportunities are relatively abundant compared to national benchmarks.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Medical and Health Services Managers Salary | $127,790↑ 1% | 39 mi |
| West Central Illinois nonmetropolitan area Medical and Health Services Managers Salary | $109,870↓ 13% | 43 mi |
| East Central Illinois nonmetropolitan area Medical and Health Services Managers Salary | $111,630↓ 12% | 43 mi |
| Northwest Illinois nonmetropolitan area Medical and Health Services Managers Salary | $116,830↓ 8% | 43 mi |
| South Illinois nonmetropolitan area Medical and Health Services Managers Salary | $116,260↓ 8% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Peoria, IL?
The median annual salary for a Medical and Health Services Managers in Peoria, IL is $126,980. This typically ranges from $73,680 for entry-level positions to $192,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 7.4% lower than the national median of $137,170.
Is Peoria, IL a lucrative place for Medical and Health Services Managers?
Yes, Peoria, IL offers a competitive environment for Medical and Health Services Managers.The average salary of $126,980 is strong, and the higher-than-average concentration of these roles (LQ 1.26) indicates robust local demand.
Is Peoria, IL a good place to live for Medical and Health Services Managers?
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 ($127,790) and West Central Illinois nonmetropolitan area.
How does Peoria's cost of living compare to the national average?
Peoria, IL has a Cost of Living Index of 100, which is exactly the national average, meaning the general cost of goods and services is comparable nationwide.
What is the concentration of Medical and Health Services Managers in Peoria?
The concentration, measured by the Location Quotient, is 1.26, indicating that these roles are 26% more prevalent in Peoria than the national average.
How many Medical and Health Services Managers work in Peoria?
There are approximately 760 Medical and Health Services Managers employed in Peoria, IL.
How does the Peoria salary compare to the national average?
The average salary in Peoria ($126,980) is slightly lower than the national average ($137,170), but this is balanced by the local cost of living.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the Peoria, IL area with a job density of 4.607 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Peoria, IL