Financial Manager Salary in Chicago, IL
2024 BLS OEWS Data · Finance · COL Index: 107.3
$164,470
Median Salary
$183,690
Mean Salary
$153,281
COL-Adjusted
41,170
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $99,010 | $92,274 |
| 25th Percentile | $127,200 | $118,546 |
| 50th Percentile (Median) | $164,470 | $153,281 |
| 75th Percentile | $215,320 | $200,671 |
| 90th Percentile (Top Earners) | $281,425 | $262,279 |
What Drives the Range
The $182,415 spread between the 10th and 90th percentiles for Financial Manager positions in Chicago, IL reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Chicago, IL's cost-of-living index of 107.3 means that a $164,470 median salary here has the same purchasing power as $153,281 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.