Average Nurse Practitioners Salary in Peoria, IL
Nurse Practitioners in Peoria, IL, can expect an average annual salary of $124,000. This figure is slightly below the national average of $131,710, indicating a localized compensation structure influenced by regional economic factors and demand. While the nominal salary is lower, the cost of living in Peoria aligns perfectly with the national average, suggesting a comparable purchasing power.
Executive Summary
- Average Salary: $124,000 per year.
- Growth Trend: Salaries have shifted 4.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,640.
- Outlook: The Nurse Practitioner job market in Peoria, IL, is characterized by a local workforce of 260 professionals. With a Location Quotient of 0.79, the concentration of Nurse Practitioners is slightly below the national average, suggesting a stable but not oversaturated market. The presence of 1.584 jobs per 1,000 workers indicates a consistent demand for these skilled healthcare professionals within the region.
Salary Overview
The average Nurse Practitioners in Peoria, IL earns-5.9%below the national average.
$59.6
$2,385
$10,333
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that Nurse Practitioner salaries nationwide and in localized markets like Peoria have experienced steady growth over the past four years. This trend is driven by increasing demand for healthcare services, an aging population, and the expanding scope of practice for Nurse Practitioners, leading to upward pressure on compensation.
Nurse Practitioners Salary Distribution in Peoria, IL
Salary progression for Nurse Practitioners in Peoria, IL, typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles. The widening gap between entry-level and senior salaries reflects the value placed on accumulated knowledge, clinical expertise, and leadership capabilities within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $99,220 | $47.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $93,000 | $44.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $122,290 | $58.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $155,000 | $74.5 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $149,640 | $71.9 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$124,000
Gross Pay
Real Wage (Purchasing Power)
$124,000
Adjusted for COL (100)
The nominal average salary of $124,000 in Peoria, IL, is directly comparable to the national average when considering the local Cost of Living Index of 100. This means that the purchasing power of a Nurse Practitioner's salary in Peoria is equivalent to that of a Nurse Practitioner earning the national average salary in a location with a national average cost of living. Therefore, the salary offers a standard quality of life relative to national benchmarks.
Job Market Context
260
Total Jobs
1.584
Per 1K Jobs
0.79
Location Quotient
Peoria, IL has 0.79x the national average concentration of Nurse Practitioners 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 0.79 for Nurse Practitioners in Peoria, IL, indicates that the profession is slightly less concentrated than the national average. This suggests that while there is a solid base of these professionals, the market may offer good opportunities for new entrants or those looking to relocate, as demand might be relatively higher compared to the supply of practitioners. It implies a moderately competitive job market.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Nurse Practitioners Salary | $125,720↑ 1% | 39 mi |
| West Central Illinois nonmetropolitan area Nurse Practitioners Salary | $126,150↑ 2% | 43 mi |
| East Central Illinois nonmetropolitan area Nurse Practitioners Salary | $122,070↓ 2% | 43 mi |
| Northwest Illinois nonmetropolitan area Nurse Practitioners Salary | $123,460↓ 0% | 43 mi |
| South Illinois nonmetropolitan area Nurse Practitioners Salary | $121,170↓ 2% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Peoria, IL?
The median annual salary for a Nurse Practitioners in Peoria, IL is $124,000. This typically ranges from $99,220 for entry-level positions to $149,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 5.9% lower than the national median of $131,710.
Is Peoria, IL a lucrative place for Nurse Practitioners?
Yes, Peoria, IL offers a competitive salary for Nurse Practitioners.With an average annual salary of $124,000 and a cost of living index matching the national average, Peoria provides a strong financial standing for Nurse Practitioners.
Is Peoria, IL a good place to live for Nurse Practitioners?
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 ($125,720) and West Central Illinois nonmetropolitan area.
How does the Peoria Nurse Practitioner salary compare to the national average?
The average annual salary for Nurse Practitioners in Peoria, IL, is $124,000, which is slightly lower than the national average of $131,710.
What is the Cost of Living in Peoria, IL for Nurse Practitioners?
The Cost of Living Index in Peoria, IL, is 100, which is exactly the national average, meaning your salary's purchasing power is standard.
How concentrated is the Nurse Practitioner job market in Peoria, IL?
The concentration of Nurse Practitioners in Peoria, IL, is indicated by a Location Quotient of 0.79, meaning it's slightly less concentrated than the national average.
What is the total number of Nurse Practitioners in Peoria, IL?
There are approximately 260 Nurse Practitioners employed in Peoria, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Peoria, IL area with a job density of 1.584 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Peoria, IL