Average Nurse Practitioners Salary in Springfield, IL
Nurse Practitioners in Springfield, IL, earn an average annual salary of $124,390. This figure is slightly below the national average of $131,710, indicating localized market dynamics and potentially lower operational costs influencing compensation. The specific economic conditions and demand within the Springfield healthcare sector play a crucial role in shaping this pay scale.
Executive Summary
- Average Salary: $124,390 per year.
- Growth Trend: Salaries have shifted 8.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,340.
- Outlook: Springfield, IL, hosts a notable concentration of Nurse Practitioners, with a total local workforce of 400 professionals. The Location Quotient of 1.93 signifies a significantly higher presence of these roles compared to the national average, suggesting robust local demand and a potentially stable job market for experienced practitioners.
Salary Overview
The average Nurse Practitioners in Springfield, IL earns-5.6%below the national average.
$59.8
$2,392
$10,366
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that Nurse Practitioner salaries in Springfield, IL, have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in medical practice, and inflation likely contribute to a positive salary trajectory for these essential healthcare providers.
Nurse Practitioners Salary Distribution in Springfield, IL
Salary progression for Nurse Practitioners in Springfield, IL, typically correlates with experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn significantly more, potentially reaching the higher percentiles of the salary range. The gap between entry-level and senior roles highlights clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $102,060 | $49.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $93,293 | $44.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $125,510 | $60.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $155,488 | $74.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $137,340 | $66 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$124,390
Gross Pay
Real Wage (Purchasing Power)
$124,390
Adjusted for COL (100)
The average annual salary of $124,390 in Springfield, 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 Nurse Practitioner's salary in Springfield is equivalent to the national standard, offering a stable financial environment without significant cost-of-living advantages or disadvantages.
Job Market Context
400
Total Jobs
3.851
Per 1K Jobs
1.93
Location Quotient
Springfield, IL has 1.9x the national concentration of Nurse Practitioners jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.93, Springfield, IL, demonstrates a concentration of Nurse Practitioner roles nearly double the national average. This indicates a strong local demand for these professionals, suggesting that the job market is relatively abundant with opportunities and potentially less saturated than areas with a lower quotient, offering a competitive edge for job seekers.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Nurse Practitioners Salary | $119,080↓ 4% | 39 mi |
| West Central Illinois nonmetropolitan area Nurse Practitioners Salary | $126,150↑ 1% | 53 mi |
| East Central Illinois nonmetropolitan area Nurse Practitioners Salary | $122,070↓ 2% | 53 mi |
| Northwest Illinois nonmetropolitan area Nurse Practitioners Salary | $123,460↓ 1% | 53 mi |
| South Illinois nonmetropolitan area Nurse Practitioners Salary | $121,170↓ 3% | 53 mi |
Comparing salaries near Springfield, IL
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Springfield, IL?
The median annual salary for a Nurse Practitioners in Springfield, IL is $124,390. This typically ranges from $102,060 for entry-level positions to $137,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 5.6% lower than the national median of $131,710.
Is Springfield, IL a lucrative place for Nurse Practitioners?
Yes, Springfield, IL offers a competitive salary for Nurse Practitioners.Nurse Practitioners in Springfield earn $124,390 annually, which is competitive given the national average cost of living. The high concentration of these roles (LQ 1.93) also suggests strong local demand.
Is Springfield, IL a good place to live for Nurse Practitioners?
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 ($119,080) and West Central Illinois nonmetropolitan area.
How does the Springfield, IL Nurse Practitioner salary compare to the national average?
The average annual salary for Nurse Practitioners in Springfield, IL is $124,390, which is slightly lower than the national average of $131,710.
What is the concentration of Nurse Practitioners in Springfield, IL?
Springfield, IL has a high concentration of Nurse Practitioners, indicated by a Location Quotient of 1.93, meaning there are nearly twice as many NPs per worker compared to the national average.
How does the cost of living in Springfield, IL affect the Nurse Practitioner salary?
The cost of living in Springfield, IL is at the national average (100), meaning the $124,390 salary has the same purchasing power as the national average salary.
What is the total number of Nurse Practitioners in Springfield, IL?
There are approximately 400 Nurse Practitioners working in Springfield, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Springfield, IL area with a job density of 3.851 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 Springfield, IL