Product Manager Salary in Chicago, IL
How much do Product Managers earn in Chicago, IL? See local salary data, cost-of-living adjustments, and percentile breakdowns.
Local Median
$155,012
National Median
$149,050
vs National
+4%
CoL Adjusted
$144,466
| Percentile | Chicago, IL | National | Difference |
|---|---|---|---|
| 10th | $81,120 | $78,000 | +4% |
| 25th | $109,408 | $105,200 | +4% |
| 50th (Median) | $155,012 | $149,050 | +4% |
| 75th | $202,800 | $195,000 | +4% |
| 90th | $237,120 | $228,000 | +4% |
Chicago, IL has a cost of living index of 107.3 (national average = 100). This means living in Chicago, IL is 7% more expensive than the national average.
After adjusting for cost of living, a Product Manager's median salary of $155,012 in Chicago, IL has the purchasing power of approximately $144,466 at national-average prices.
Explore Chicago, IL Cost of LivingAnnual
$108,869
Monthly
$9,072
Biweekly
$4,187
| Tax Item | Amount |
|---|---|
| Gross Salary | $155,012 |
| Federal Income Tax | -$26,741 |
| State Tax (Illinois) | -$7,543 |
| Social Security | -$9,611 |
| Medicare | -$2,248 |
| Total Tax | -$46,143 |
| Take-Home Pay | $108,869 |
Based on single filer with standard deduction. Illinois has a flat 4.95% state income tax.
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Product Manager Salary in Chicago, IL: What to Expect in 2025
Product Managers in Chicago, IL earn a median salary of $155,012, which is 4% higher the national median of $149,050. The cost of living in Chicago, IL is close to the national average, so the salary roughly matches its purchasing power.