Psychologist Salary in Chicago, IL
How much do Psychologists earn in Chicago, IL? See local salary data, cost-of-living adjustments, and percentile breakdowns.
Local Median
$96,450
National Median
$92,740
vs National
+4%
CoL Adjusted
$89,888
| Percentile | Chicago, IL | National | Difference |
|---|---|---|---|
| 10th | $51,095 | $49,130 | +4% |
| 25th | $71,157 | $68,420 | +4% |
| 50th (Median) | $96,450 | $92,740 | +4% |
| 75th | $122,710 | $117,990 | +4% |
| 90th | $152,703 | $146,830 | +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 Psychologist's median salary of $96,450 in Chicago, IL has the purchasing power of approximately $89,888 at national-average prices.
Explore Chicago, IL Cost of LivingAnnual
$71,367
Monthly
$5,947
Biweekly
$2,745
| Tax Item | Amount |
|---|---|
| Gross Salary | $96,450 |
| Federal Income Tax | -$13,060 |
| State Tax (Illinois) | -$4,644 |
| Social Security | -$5,980 |
| Medicare | -$1,399 |
| Total Tax | -$25,083 |
| Take-Home Pay | $71,367 |
Based on single filer with standard deduction. Illinois has a flat 4.95% state income tax.
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Psychologist Salary in Chicago, IL: What to Expect in 2025
Psychologists in Chicago, IL earn a median salary of $96,450, which is 4% higher the national median of $92,740. The cost of living in Chicago, IL is close to the national average, so the salary roughly matches its purchasing power.