Financial Risk Specialists pay range in Chicago
New workers and the lowest-paid 10% earn about $65,860 a year or less, while the top 10% make $205,140 or more. The middle half of financial risk specialists in Chicago earn between $79,070 and $157,690.
- $66K10th
- $79K25th
- $105KMedian
- $158K75th
- $205K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $123,130 | $10,261 | $59.20 |
| Median | $105,370 | $8,781 | $50.66 |
| Entry level (25th percentile) | $79,070 | $6,589 | $38.01 |
| Experienced (75th percentile) | $157,690 | $13,141 | $75.81 |
*Hourly figures assume 2,080 paid hours a year.
Financial Risk Specialists salary after taxes in Chicago
On the average salary of $123,130, a single filer in Chicago takes home about $89,472 a year, or $7,456 a month and $3,441 every two weeks. Taxes take 27% 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 | $91,761 | $7,647 |
| Working in IL | $89,472 | $7,456 |
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 risk specialists? 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 $123,130 buys what about $118,857 would buy in a typical U.S. metro. This job pays 1.9 times the median wage of all jobs in Chicago ($54,720). A typical home costs $353,998, or 2.9 years of this average salary before tax.
Financial Risk Specialists salary in other Illinois cities
Chicago ranks 1st of 3 Illinois metro areas for this job, the best-paid in the state.
- Chicago$123,130
- Peoria$120,840
- Springfield$97,330
Highest-paying cities for financial risk specialists
San Jose, CA pays this job the most of the metro areas we cover ($162,550).
- San Jose, CA$162,550
- San Francisco, CA$159,040
- New York, NY$155,130
- Bridgeport, CT$146,120
- Charlotte, NC$144,270
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Financial Risk Specialists salary in Chicago: questions
How much do financial risk specialists make an hour in Chicago?
$59.20 an hour on average, and $50.66 at the median (BLS, May 2025).
What is the entry-level financial risk specialists salary in Chicago?
The lowest-paid 10% earn about $65,860 a year and the 25th percentile is $79,070, a fair guide to starting pay.
What is the financial risk specialists take-home pay in Chicago?
About $89,472 a year ($7,456 a month) for a single filer on the average salary of $123,130.
Do financial risk specialists earn more in Chicago than elsewhere?
The average here is 3% less than the U.S. metro average for this job ($127,383).
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 13-2054; area Chicago-Naperville-Elgin, IL-IN (16980). Relative standard error of the mean wage: 2.9%.
- 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 1.27, this job is 1.3 times as concentrated as in the U.S. overall.
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