Personal Financial Advisor Salary in Chicago, IL
Personal Financial Advisors in the Chicago-Naperville-Elgin, IL-IN metro area earn a median $113,210 a year — 8% more than the national median. After 2026 taxes, that is $83,014 take-home, or $6,918 a month.
Take-home pay calculator
Pre-filled with the median personal financial advisor salary in Chicago, IL. Enter your own offer to see your paycheck.
- Federal income tax$16,076
- Social Security (6.2%)$7,019
- Medicare (1.45%)$1,642
- Illinois income tax$5,459
- Take-home pay$83,014
Marginal rate: 22% 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 →
Personal Financial Advisor pay by experience in Chicago, IL
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $51,050 | $24.54 | $40,816 | $3,401 |
| 25th percentile | $71,240 | $34.25 | $55,566 | $4,630 |
| Median (50th) | $113,210 | $54.43 | $83,014 | $6,918 |
| 75th percentile | $173,240 | $83.29 | $121,245 | $10,104 |
| 90th percentile (top earners) | $322,440+ | $155.02 | $213,419 | $17,785 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Illinois resident, 2026 tax rules.
What $113,210 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 personal financial advisor's $83,014 take-home pay has the buying power of $80,133 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Personal Financial Advisor jobs are about as common in Chicago, IL as in the U.S. overall (location quotient 1.08).
Best-paying cities for personal financial advisors, adjusted for cost of living
Chicago, IL ranks #11 of 23 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | New York, NY | $170,050 | $118,502 | $105,277 |
| 2 | Kansas City, MO | $123,140 | $90,582 | $97,881 |
| 3 | San Francisco, CA | $160,610 | $108,248 | $93,629 |
| 4 | Bridgeport, CT | $135,770 | $98,069 | $91,770 |
| 5 | Miami, FL | $125,670 | $97,161 | $85,114 |
| 6 | Philadelphia, PA | $116,560 | $87,252 | $85,079 |
| 7 | St. Louis, MO | $103,690 | $77,840 | $81,861 |
| 8 | Indianapolis, IN | $102,640 | $78,039 | $81,549 |
| 11 | Chicago, IL | $113,210 | $83,014 | $80,133 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 23 metros →
About the job: personal financial advisors
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.
- Typical education
- Bachelor's degree
- Work experience
- None required
- On-the-job training
- Long-term on-the-job training
- Job outlook, 2025–35
- +1.4% (slower than average)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a personal financial advisor make in Chicago, IL?
The median personal financial advisor salary in the Chicago-Naperville-Elgin, IL-IN metro area is $113,210 a year, or about $54.43 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $71,240 and $173,240.
What is a personal financial advisor’s take-home pay in Chicago, IL?
On the median $113,210 salary, a single filer living in Illinois takes home about $83,014 a year ($6,918 a month) after federal tax, Social Security, Medicare and $5,459 in Illinois taxes in 2026.
Is Chicago, IL a good place to work as a personal financial advisor?
Pay here is 8% above the national median of $105,070. Local prices are 3.6% above the U.S. average, so the take-home pay buys what $80,133 would in a typical U.S. city. Chicago, IL ranks #11 of 23 metro areas for cost-of-living-adjusted pay in this job.
Can a personal financial advisor 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) — 22% of a median personal financial advisor’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Chicago, IL
- Financial Risk Specialist — $105,370
- Project Management Specialist — $105,320
- Management Analyst — $105,090
- Labor Relations Specialist — $103,570
- Financial and Investment Analyst — $101,750
- Insurance Underwriter — $99,840
- Financial Examiner — $98,470
- Credit Analyst — $92,900
- Cost Estimator — $83,640
- Accountant and Auditor — $82,360
- Compliance Officer — $82,020
- Financial Specialists, All Other — $81,740