Average Medical and Health Services Managers Salary in Springfield, IL
Medical and Health Services Managers in Springfield, IL, earn an average annual salary of $129,190. This figure is slightly below the national average of $137,170, indicating localized market dynamics and potentially specific demand levels within the Illinois capital. Factors such as the size of healthcare facilities and the overall economic landscape of the region contribute to this compensation.
Executive Summary
- Average Salary: $129,190 per year.
- Growth Trend: Salaries have shifted 3.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $203,960.
- Outlook: Springfield, IL, supports a local workforce of 450 Medical and Health Services Managers, representing a concentration (Location Quotient) of 1.18, which is above the national average. This suggests a slightly higher demand or a more established presence of these roles within the Springfield area compared to the rest of the country, indicating a robust job market for this profession.
Salary Overview
The average Medical and Health Services Managers in Springfield, IL earns-5.8%below the national average.
$62.1
$2,484
$10,766
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data for Springfield is not provided, it's reasonable to assume that salaries for Medical and Health Services Managers have experienced steady growth over the past four years, mirroring national trends. Increased complexity in healthcare administration, evolving regulatory landscapes, and a growing demand for efficient healthcare delivery likely contribute to upward pressure on compensation.
Medical and Health Services Managers Salary Distribution in Springfield, IL
Salary progression for Medical and Health Services Managers in Springfield, IL, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive leadership experience and specialized skills can command salaries in the upper percentiles, reflecting their increased value and responsibility within healthcare organizations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,460 | $32.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $96,893 | $46.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,300 | $50.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $161,488 | $77.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $203,960 | $98.1 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$129,190
Gross Pay
Real Wage (Purchasing Power)
$129,190
Adjusted for COL (100)
With an average annual salary of $129,190 and a Cost of Living Index of 100 (matching the national average), the purchasing power for Medical and Health Services Managers in Springfield, IL, is directly aligned with the national standard. This means that the nominal salary offers a cost-of-living adjusted value equivalent to the national average, providing a stable financial standing.
Job Market Context
450
Total Jobs
4.345
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Springfield, IL has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
The Location Quotient of 1.18 for Medical and Health Services Managers in Springfield, IL, signifies a job market that is 18% more concentrated than the national average. This suggests that while the profession is well-represented, the market may be moderately competitive, with opportunities available for skilled professionals, but perhaps not an overabundance of openings compared to the number of qualified individuals.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Medical and Health Services Managers Salary | $115,230↓ 11% | 39 mi |
| West Central Illinois nonmetropolitan area Medical and Health Services Managers Salary | $109,870↓ 15% | 53 mi |
| East Central Illinois nonmetropolitan area Medical and Health Services Managers Salary | $111,630↓ 14% | 53 mi |
| Northwest Illinois nonmetropolitan area Medical and Health Services Managers Salary | $116,830↓ 10% | 53 mi |
| South Illinois nonmetropolitan area Medical and Health Services Managers Salary | $116,260↓ 10% | 53 mi |
Comparing salaries near Springfield, IL
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Springfield, IL?
The median annual salary for a Medical and Health Services Managers in Springfield, IL is $129,190. This typically ranges from $68,460 for entry-level positions to $203,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 5.8% lower than the national median of $137,170.
Is Springfield, IL a lucrative place for Medical and Health Services Managerss?
Yes, Springfield, IL offers a competitive salary for Medical and Health Services Managers.The average salary of $129,190 is substantial, and with a Cost of Living Index of 100, it provides a national average purchasing power, making it a financially stable location for these professionals.
Is Springfield, IL a good place to live for Medical and Health Services Managers?
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 ($115,230) and West Central Illinois nonmetropolitan area.
How does the Springfield, IL salary compare to the national average?
The average salary for Medical and Health Services Managers in Springfield, IL, is $129,190, which is slightly lower than the national average of $137,170.
What is the concentration of Medical and Health Services Managers in Springfield, IL?
Springfield, IL has a Location Quotient of 1.18 for this role, indicating a concentration that is 18% higher than the national average, suggesting a strong presence of these professionals.
Does the cost of living affect the value of the salary in Springfield, IL?
No, the Cost of Living Index in Springfield, IL, is 100, which is the national average. Therefore, the salary of $129,190 holds a purchasing power equivalent to the national average.
How many Medical and Health Services Managers work in Springfield, IL?
There are approximately 450 Medical and Health Services Managers employed in the Springfield, IL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Springfield, IL area with a job density of 4.345 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 Springfield, IL