Average Medical and Health Services Managers Salary in Rockford, IL
In Rockford, IL, Medical and Health Services Managers earn an average annual salary of $129,200. This figure is slightly below the national average of $137,170, suggesting a localized compensation structure influenced by regional economic factors and the specific demands of the healthcare market in the area. The total local workforce of 520 professionals indicates a stable, albeit not overwhelmingly large, presence in the healthcare administration sector.
Executive Summary
- Average Salary: $129,200 per year.
- Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $203,430.
- Outlook: The job market for Medical and Health Services Managers in Rockford, IL, presents a steady outlook. With a total local workforce of 520 individuals and a Location Quotient of 1.02, the concentration of these roles is very close to the national average, indicating a balanced demand and supply. The presence of 3.746 jobs per 1,000 workers suggests consistent employment opportunities within the region's healthcare systems.
Salary Overview
The average Medical and Health Services Managers in Rockford, IL earns-5.8%below the national average.
$62.1
$2,485
$10,767
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data for Rockford, IL is not provided, it's reasonable to assume that salaries for Medical and Health Services Managers have seen a gradual upward trend over the past four years, mirroring national patterns. This growth is typically driven by increasing healthcare complexity, rising patient volumes, and the ongoing need for skilled administrators to manage healthcare facilities efficiently.
Medical and Health Services Managers Salary Distribution in Rockford, IL
The salary trajectory for Medical and Health Services Managers in Rockford, IL, naturally escalates with experience. Entry-level positions might command salaries closer to the lower percentiles, while seasoned professionals with extensive leadership experience and specialized skills can expect to earn significantly more, reaching into the higher salary percentiles. These percentile gaps highlight the substantial career progression and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,940 | $35.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $96,900 | $46.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $109,790 | $52.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $161,500 | $77.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $203,430 | $97.8 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$129,200
Gross Pay
Real Wage (Purchasing Power)
$129,200
Adjusted for COL (100)
For professionals considering a move to Rockford, IL, the nominal salary of $129,200 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Medical and Health Services Manager's salary in Rockford is equivalent to the national average, offering a stable financial environment without the added pressure of a higher cost of living.
Job Market Context
520
Total Jobs
3.746
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Rockford, IL has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
The Location Quotient of 1.02 for Medical and Health Services Managers in Rockford, IL, indicates that the concentration of these professionals in the area is just slightly above the national average. This suggests a competitive yet stable job market, where demand is consistent with the national landscape, and employers are actively seeking qualified candidates without an overwhelming surplus of applicants.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Medical and Health Services Managers Salary | $159,570↑ 24% | 30 mi |
| Madison, WI Medical and Health Services Managers Salary | $155,960↑ 21% | 59 mi |
| Kenosha, WI Medical and Health Services Managers Salary | $130,810↑ 1% | 65 mi |
| Racine-Mount Pleasant, WI Medical and Health Services Managers Salary | $133,210↑ 3% | 71 mi |
| Chicago-Naperville-Elgin, IL-IN Medical and Health Services Managers Salary | $141,690↑ 10% | 78 mi |
Comparing salaries near Rockford, IL
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Rockford, IL?
The median annual salary for a Medical and Health Services Managers in Rockford, IL is $129,200. This typically ranges from $72,940 for entry-level positions to $203,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 5.8% lower than the national median of $137,170.
Is Rockford, IL a lucrative place for Medical and Health Services Managerss?
Yes, Rockford, IL offers a competitive salary for Medical and Health Services Managers.With an average salary of $129,200 and a cost of living on par with the national average, the compensation is financially sound. The job market also shows a healthy concentration of these roles, indicating stable demand.
Is Rockford, IL a good place to live for Medical and Health Services Managers?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($159,570) and Madison, WI.
How does Rockford's average salary compare to the national average?
The average annual salary for Medical and Health Services Managers in Rockford, IL is $129,200, which is slightly lower than the national average of $137,170.
What is the cost of living in Rockford, IL for this profession?
Rockford, IL has a Cost of Living Index of 100, which is exactly the national average, meaning the purchasing power of salaries is consistent with the rest of the country.
How concentrated is the job market for Medical and Health Services Managers in Rockford?
The job market is slightly more concentrated than the national average, with a Location Quotient of 1.02, indicating a balanced demand and supply of professionals.
What does the number of jobs per 1,000 workers signify?
With 3.746 jobs per 1,000 workers, it signifies a consistent presence and demand for Medical and Health Services Managers within Rockford's workforce relative to its size.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Rockford, IL area with a job density of 3.746 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 Rockford, IL