The annual salary statistics of tax preparers in Northwest Illinois nonmetropolitan area, Illinois is shown in Table 1. The wage data of tax preparers in Northwest Illinois nonmetropolitan area is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $30,670 |
| 25th Percentile Wage | $42,920 |
| 50th Percentile Wage | $63,420 |
| 75th Percentile Wage | $79,590 |
| 90th Percentile Wage | $102,110 |
Table 1 shows the average annual salary for tax preparers in Northwest Illinois nonmetropolitan area, Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $102,110. The median (50th percentile) annual salary is $63,420. The average annual salary for the bottom 10 percent earners is $30,670.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $63,420 | 63.45% | 68.95% |
| 2021 | $23,180 | -2.03% | - |
| 2020 | $23,650 | 15.56% | - |
| 2019 | $19,970 | 2.65% | - |
| 2018 | $19,440 | -72.53% | - |
| 2017 | $33,540 | -29.46% | - |
| 2016 | $43,420 | 17.23% | - |
| 2015 | $35,940 | 46.10% | - |
| 2014 | $19,370 | 1.45% | - |
| 2013 | $19,090 | -3.14% | - |
| 2012 | $19,690 | - | - |
From Table 3 we note that with a median annual salary of $63,420, Northwest Illinois nonmetropolitan area is the highest paying city for tax preparers in state of Illinois, followed by Peoria (median annual salary $52,260). In comparison, the median annual salary of tax preparers in Northwest Illinois nonmetropolitan area is 17.6 percent (17.6%) higher than that in Peoria.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northwest Illinois nonmetropolitan area | |
| Peoria | |
| Chicago-Joliet-Naperville (IL-IN-WI Area) | |
| Springfield | |
| Rockford | |
| Bloomington | |
| Champaign-Urbana | |
| West Central Illinois nonmetropolitan area | |
| East Central Illinois nonmetropolitan area | |
| South Illinois nonmetropolitan area | |
| Chicago-Joliet-Naperville (IL Metropolitan Division) | |
| Kankakee-Bradley |