Financial Manager Salary in Chicago, IL
Financial Managers in the Chicago-Naperville-Elgin, IL-IN metro area earn a median $168,810 a year — 1% more than the national median. After 2026 taxes, that is $118,436 take-home, or $9,870 a month.
Take-home pay calculator
Pre-filled with the median financial manager salary in Chicago, IL. Enter your own offer to see your paycheck.
- Federal income tax$29,248
- Social Security (6.2%)$10,466
- Medicare (1.45%)$2,448
- Illinois income tax$8,211
- Take-home pay$118,436
Marginal rate: 24% federal + 4.95% state
The Chicago-Naperville-Elgin, IL-IN metro spans Illinois, Indiana. Pick the state you live in — state income tax follows your residence.
Got an offer somewhere else? Compare it with this one after taxes and rent →
Financial Manager pay by experience in Chicago, IL
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $103,490 | $49.75 | $76,657 | $6,388 |
| 25th percentile | $131,120 | $63.04 | $94,541 | $7,878 |
| Median (50th) | $168,810 | $81.16 | $118,436 | $9,870 |
| 75th percentile | $220,150 | $105.84 | $152,833 | $12,736 |
| 90th percentile (top earners) | $321,200+ | $154.42 | $212,704 | $17,725 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Illinois resident, 2026 tax rules.
What $168,810 buys in Chicago, IL
Prices in Chicago, IL are 3.6% higher than the U.S. average (housing costs are 1.12× the national average). Adjusted for local prices, a median financial manager's $118,436 take-home pay has the buying power of $114,326 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Chicago, IL has 1.7× the national concentration of financial manager jobs — a strong local market for this occupation.
Best-paying cities for financial managers, adjusted for cost of living
Chicago, IL ranks #32 of 55 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Bridgeport, CT | $211,000 | $146,519 | $137,107 |
| 2 | New York, NY | $221,010 | $152,151 | $135,169 |
| 3 | Boston, MA | $209,780 | $145,861 | $134,725 |
| 4 | San Jose, CA | $225,280 | $147,303 | $133,399 |
| 5 | Denver, CO | $193,400 | $136,206 | $128,761 |
| 6 | Austin, TX | $167,180 | $125,534 | $128,009 |
| 7 | Houston, TX | $166,910 | $125,349 | $127,091 |
| 8 | Charlotte, NC | $172,760 | $122,963 | $126,313 |
| 32 | Chicago, IL | $168,810 | $118,436 | $114,326 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 55 metros →
About the job: financial managers
Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
- Typical education
- Bachelor's degree
- Work experience
- 5 years or more
- On-the-job training
- None
- Job outlook, 2025–35
- +9.7% (much faster than average)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a financial manager make in Chicago, IL?
The median financial manager salary in the Chicago-Naperville-Elgin, IL-IN metro area is $168,810 a year, or about $81.16 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $131,120 and $220,150.
What is a financial manager’s take-home pay in Chicago, IL?
On the median $168,810 salary, a single filer living in Illinois takes home about $118,436 a year ($9,870 a month) after federal tax, Social Security, Medicare and $8,211 in Illinois taxes in 2026.
Is Chicago, IL a good place to work as a financial manager?
Pay here is 1% above the national median of $166,570. Local prices are 3.6% above the U.S. average, so the take-home pay buys what $114,326 would in a typical U.S. city. Chicago, IL ranks #32 of 55 metro areas for cost-of-living-adjusted pay in this job.
Can a financial manager afford rent in Chicago, IL?
HUD’s fair market rent for a one-bedroom in Chicago, IL is $1,534 a month ($1,743 for two bedrooms) — 16% of a median financial manager’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
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