As of April 01, 2026, the average salary for a Rate Analyst in Illinois is $84,302 per year, which breaks down to an hourly rate of $41.
However, a Rate Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Rate Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $91,572 | $7,631 | $1,761 | $44 |
| Average | $84,302 | $7,025 | $1,621 | $41 |
| 25th Percentile | $77,841 | $6,487 | $1,497 | $37 |
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A Rate Analyst's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Rate Analyst's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Rate Analyst | $82,181 |
| Intermediate Level Rate Analyst | $82,373 |
| Senior Level Rate Analyst | $83,145 |
| Specialist Level Rate Analyst | $86,472 |
| Expert Level Rate Analyst | $88,100 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Rate Analysts. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a Rate Analyst's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $91,572 | $7,631 | $1,761 | $44 |
| Average | $84,302 | $7,025 | $1,621 | $41 |
| 25th Percentile | $77,841 | $6,487 | $1,497 | $37 |
Promotions are the fastest way to increase your earnings. As a Rate Analyst, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Cost Analyst III | $96,607 | 15% |
| Telecommunication Rates Manager | $118,517 | 41% |
Ready to take the next step in your career? Browse thousands of current Rate Analyst job openings on our job board. Use the search bar below to find your perfect match.
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Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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