Average Neurologists Salary in Chicago-Naperville-Elgin, IL-IN
Neurologists in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $246,080. This figure is notably below the national average of $290,000, suggesting that while the demand for neurological expertise is present, local market dynamics and potentially other factors influence compensation levels in this region. The specific economic landscape of Chicago contributes to this pay structure.
Executive Summary
- Average Salary: $246,080 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $369,120.
- Outlook: With a local workforce of 250 Neurologists and a Location Quotient of 1.12, the Chicago-Naperville-Elgin area demonstrates a slightly higher concentration of these specialists than the national average. This indicates a stable, albeit not overwhelmingly robust, demand for neurological services within the region, suggesting a healthy job market for qualified professionals.
Salary Overview
The average Neurologists in Chicago-Naperville-Elgin, IL-IN earns-15.1%below the national average.
$118.3
$4,732
$20,507
Neurologists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the field of neurology has experienced consistent salary growth over the past four years, driven by an aging population and advancements in medical technology. This upward trend is likely reflected in the Chicago market, even if the current average is below the national benchmark.
Neurologists Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Neurologists in Chicago-Naperville-Elgin, IL-IN typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive clinical experience and specialized skills can expect to earn substantially more, often reaching into higher salary percentiles, reflecting their accumulated expertise and value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $77,910 | $37.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $184,560 | $88.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $246,085 | $118.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $307,600 | $147.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $369,120 | $177.5 |
Detailed Neurologists Market Analysis
Relocation Context
Nominal Salary
$246,080
Gross Pay
Real Wage (Purchasing Power)
$246,080
Adjusted for COL (100)
The average annual salary of $246,080 for Neurologists in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national average cost of living (100). This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial standing for professionals relocating to or residing in the area.
Job Market Context
250
Total Jobs
0.056
Per 1K Jobs
1.12
Location Quotient
With a location quotient of 1.12, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Neurologists roles compared to the national norm.
The Location Quotient of 1.12 for Neurologists in Chicago-Naperville-Elgin, IL-IN signifies a slightly higher concentration of these medical professionals compared to the national average. This suggests a competitive yet accessible job market, where demand is present and slightly exceeds the national proportion, offering good opportunities for specialists.
Nearby Job Markets
Hiring Neurologistss?
Frequently Asked Questions
How much does a Neurologists make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Neurologists in Chicago-Naperville-Elgin, IL-IN is $246,080. This typically ranges from $77,910 for entry-level positions to $369,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 15.1% lower than the national median of $290,000.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Neurologists?
Moderately so.While the average salary of $246,080 is below the national average, the cost of living is also at the national average, offering stable purchasing power. The slightly above-average concentration of neurologists (LQ 1.12) indicates consistent demand.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Neurologists?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
How does the Chicago Neurologist salary compare to the national average?
Neurologists in Chicago-Naperville-Elgin, IL-IN earn an average of $246,080 annually, which is less than the national average of $290,000.
What is the concentration of Neurologists in the Chicago area?
The Chicago-Naperville-Elgin, IL-IN area has a Location Quotient of 1.12 for Neurologists, indicating a slightly higher concentration than the national average.
How does the cost of living affect Neurologist salaries in Chicago?
With a Cost of Living Index of 100, the Chicago area matches the national average, meaning the $246,080 salary provides average purchasing power.
What is the total number of Neurologists in the Chicago-Naperville-Elgin, IL-IN area?
There are approximately 250 Neurologists employed within the Chicago-Naperville-Elgin, IL-IN metropolitan statistical area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.056 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Neurologists • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN