Financial Managers salary in Chicago, IL

Median pay for financial managers in Chicago, IL: $159,070/yr

Typical range (10th–90th percentile): $93,790 – $239,200 · about 39,420 employed locally

Above the typical metro median ($131,810) by +$27,260 (+21%).

What it's really worth in Chicago

With Chicago's cost of living at 102 (US=100), that $159,070 has the buying power of about $155,211 in an average-cost US metro.

Local context: median household income $85,087 · median home $353,998 · median rent $2,266/mo.

Full Chicago cost of living & taxes →

How Chicago ranks for this job

On raw pay, Chicago, IL is 25th of the 187 metros we hold financial managers wages for. Once Chicago's cost of living is applied, it ranks 25th.

Pay and living costs are roughly in step here, so Chicago sits in much the same place whether you look at raw salary or spending power.

What that salary buys in Chicago

A median home in Chicago, IL costs $353,998 — about 2.2× this salary, against a typical US metro figure of 4.7×. Buying is more attainable here than in the average metro on this income.

Median rent of $2,266/mo works out at 17% of gross pay — inside the conventional 30% affordability ceiling.

Where financial managers earn more

Pay on its own is only half the picture, so each row shows what rent costs there relative to Chicago.

Metro	Median pay	vs Chicago	Rent vs Chicago
New York, NY	$215,630	+36%	1.5×
San Jose, CA	$211,850	+33%	1.6×
San Francisco, CA	$203,620	+28%	1.4×
Boulder, CO	$176,880	+11%	1×

Same job elsewhere in IL

Metro	Median pay	vs Chicago	Rent vs Chicago
Peoria, IL	$132,720	−17%	0.5×
Rockford, IL	$127,120	−20%	0.6×

Staying in IL keeps state income tax and licensing the same, which makes these the most directly comparable moves.

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