As of August 01, 2026, the average salary for an Economic Development Director in Barrington, IL is $112,936 per year, which breaks down to an hourly rate of $54.
However, an Economic Development Director's salary can vary significantly. Here’s a look at the typical salary range:
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An Economic Development Director'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, skills and company size can directly affect your earning potential.
Experience is a primary driver of an Economic Development Director'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 |
|---|---|
| Developme... Level Economic Development Director | $79,955 |
| Developme... Level Economic Development Director | $98,661 |
| Economic ... Level Economic Development Director | $111,639 |
| Developme... Level Economic Development Director | $146,007 |
| VP of Dev... Level Economic Development Director | $284,924 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Leadership | 8.09% |
| Fund Development | 1.77% |
| Economics | 0.99% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Project Management
|
$116,324 |
3%
|
|
Analysis
|
$116,324 |
3%
|
|
Business Development
|
$115,195 |
2%
|
|
Commitment
|
$115,195 |
2%
|
|
Salesforce
|
$115,195 |
2%
|
|
Presentation
|
$115,195 |
2%
|
For Economic Development Director roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 10% above the average. Conversely, Economic Development Director positions in Business Services typically offer lower base pay, as this sector often view Economic Development Director as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Edu., Gov't. & Nonprofit | $124,230 | $60.0 | 10% |
Understanding how an Economic Development Director'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.
Last Updated on August 01, 2026Ready to take the next step in your career? Browse thousands of current Economic Development Director job openings on our job board. Use the search bar below to find your perfect match.
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