2024 wage data from the Bureau of Labor Statistics
Economists is a high-paying occupation in Chicago, IL-IN-WI, with a median annual salary of $123,140. Economistss in Chicago, IL-IN-WI earn $7,700 more (7%) than the national median of $115,440. There is significant earning potential — top earners make 3.
Economistss in Chicago, IL-IN-WI earn $7,700 more (7%) than the national median of $115,440.
Only 470 Economistss work in Chicago, IL-IN-WI. Consider nearby metro areas for more opportunities.
Cost of Living Consideration
When evaluating this salary, factor in Chicago, IL-IN-WI's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $68,120 | $5,677 |
| 25th Percentile | $82,210 | $6,851 |
| Median | $123,140 | $10,262 |
| 75th Percentile | $168,230 | $14,019 |
| 90th Percentile | $225,440 | $18,787 |
| Mean (Average) | $135,790 | $11,316 |
| Metro Area | Median Salary |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $168,850 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $157,980 |
| San Francisco-Oakland-Berkeley, CA | $134,410 |
| Houston-The Woodlands-Sugar Land, TX | $131,160 |
| Seattle-Tacoma-Bellevue, WA | $129,280 |
| Atlanta-Sandy Springs-Alpharetta, GA | $127,220 |
| Baltimore-Columbia-Towson, MD | $125,630 |
| Chicago-Naperville-Elgin, IL-IN-WI | $123,140 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $121,820 |
| Richmond, VA | $118,610 |
| Occupation | Median Salary |
|---|---|
| Family Medicine Physicians | $182,830 |
| Lawyers | $166,090 |
| Financial Managers | $164,470 |
| Natural Sciences Managers | $161,340 |
| Architectural and Engineering Managers | $159,110 |
| Marketing Managers | $158,800 |
| Computer Network Architects | $140,760 |
| Human Resources Managers | $137,760 |
| Managers, All Other | $137,040 |
| Computer and Information Research Scientists | $135,120 |
Estimate your after-tax income. Compare your real purchasing power across different states and salary levels.
Annual Take-Home
$94,628
Monthly
$7,886
Bi-Weekly
$3,640
Effective Tax Rate
23.2%
* Estimate only. Does not include local taxes, deductions, or credits. Need help with your finances? Consider consulting a certified financial planner or exploring high-yield savings accounts to maximize your take-home pay.
Data verified March 2026 · Source: Bureau of Labor Statistics
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Considering a move for this role? Compare cost of living in Chicago, IL-IN-WIto make an informed decision. Don't forget to factor in moving costs, renters insurance, and state income tax differences when evaluating your total compensation package.