Financial Managers pay range in Chicago
New workers and the lowest-paid 10% earn about $103,490 a year or less, while the top 10% make $321,200 or more. The middle half of financial managers in Chicago earn between $131,120 and $220,150.
- $103K10th
- $131K25th
- $169KMedian
- $220K75th
- $321K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $191,110 | $15,926 | $91.88 |
| Median | $168,810 | $14,068 | $81.16 |
| Entry level (25th percentile) | $131,120 | $10,927 | $63.04 |
| Experienced (75th percentile) | $220,150 | $18,346 | $105.84 |
*Hourly figures assume 2,080 paid hours a year.
Financial Managers salary after taxes in Chicago
On the average salary of $191,110, a single filer in Chicago takes home about $132,981 a year, or $11,082 a month and $5,115 every two weeks. Taxes take 30% of gross pay.
The Chicago-Naperville-Elgin, IL-IN metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in IN | $136,596 | $11,383 |
| Working in IL | $132,981 | $11,082 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Chicago a good place for financial managers? Pay vs. cost of living
Prices in the Chicago area are 4% above the U.S. average (BEA price parity 103.6), so the average $191,110 buys what about $184,478 would buy in a typical U.S. metro. This job pays 3.1 times the median wage of all jobs in Chicago ($54,720). A typical home costs $353,998, or 1.9 years of this average salary before tax.
Financial Managers salary in other Illinois cities
Chicago ranks 1st of 8 Illinois metro areas for this job, the best-paid in the state.
- Chicago$191,110
- Bloomington$181,650
- Peoria$166,260
- Rockford$155,940
- Springfield$152,050
- Decatur$145,060
- Champaign$140,200
- Kankakee$138,860
Highest-paying cities for financial managers
San Jose, CA pays this job the most of the metro areas we cover ($273,690).
- San Jose, CA$273,690
- New York, NY$250,570
- San Francisco, CA$244,930
- Bridgeport, CT$225,000
- Boston, MA$221,800
Does this match what you are paid?
Anonymous, no account. Results update as visitors answer.
Share your pay anonymously
Financial Managers salary in Chicago: questions
How much do financial managers make an hour in Chicago?
$91.88 an hour on average, and $81.16 at the median (BLS, May 2025).
What is the entry-level financial managers salary in Chicago?
The lowest-paid 10% earn about $103,490 a year and the 25th percentile is $131,120, a fair guide to starting pay.
What is the financial managers take-home pay in Chicago?
About $132,981 a year ($11,082 a month) for a single filer on the average salary of $191,110.
Do financial managers earn more in Chicago than elsewhere?
The average here is about the same as the U.S. metro average for this job ($189,775).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 11-3031; area Chicago-Naperville-Elgin, IL-IN (16980). Relative standard error of the mean wage: 0.9%.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
- Job concentration: location quotient 1.70, this job is 1.7 times as concentrated as in the U.S. overall.
Read the full methodology. Spotted an error? Tell us.