Business & Finance Illinois (IL) Rank #16 of 50

Financial Analyst Salary in Illinois

The median financial analyst salary in Illinois is $96,031 per year, which is 1.0% above the national median of $95,080.

Median Salary
$96,031
vs National
+$951
State Rank
#16 of 50
Cost of Living
95%

Financial Analyst Salary Overview in Illinois (2026)

Illinois ranks #16 out of 50 states for financial analyst compensation. Illinois falls in the middle of the pack for financial analyst pay, offering salaries near the national average. At $96,031 per year, financial analysts in Illinois earn $951 more than the national median of $95,080.

Illinois's cost of living is near the national average at 95%, meaning financial analyst salaries here translate closely to their face value in purchasing power.

The salary spread in Illinois is significant: financial analysts at the 10th percentile earn $57,772, while those at the 90th percentile bring home $168,266 — a $110,494 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Illinois for this role is Naperville, where the median reaches $108,391.

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). This steady growth indicates stable demand for financial analysts across the country.

Financial Analyst Salary in Illinois by Experience

In Illinois, an entry-level financial analyst earns around $60,600, while experienced professionals earn up to $149,480 per year. The cost of living index in Illinois is 95% of the national average.

Entry Level (0-2 yrs)
$60,600
+$600 vs national
Mid Level (3-7 yrs)
$96,960
+$960 vs national
Senior Level (8+ yrs)
$149,480
+$1,480 vs national

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Salary Percentiles in Illinois

Percentile IL Salary
10th Percentile $57,772
25th Percentile $73,528
Median (50th) $96,031
75th Percentile $126,250
90th Percentile $168,266

Financial Analyst Salary by City in Illinois

The largest employment areas for financial analysts in Illinois include Chicago, Aurora, Naperville, and Rockford. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Analyst in Illinois

Education

Most financial analyst positions require a bachelor's degree. Illinois has several accredited institutions offering relevant programs.

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook in Illinois

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). Illinois's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Analyst Salary in Illinois

How much does a Financial Analyst make in Illinois? ▼
The median financial analyst salary in Illinois is $96,031 per year, which is 1.0% above the national median of $95,080. Salaries range from $57,772 (10th percentile) to $168,266 (90th percentile).
How much does a Financial Analyst make per hour in Illinois? ▼
Based on the median annual salary of $96,031, a financial analyst in Illinois earns approximately $46 per hour assuming a standard 2,080-hour work year.
Is Illinois a good state for financial analysts? ▼
Illinois ranks #16 out of 50 states for financial analyst pay. The cost of living index is 95% of the national average. Entry-level financial analysts earn $60,600, while senior professionals earn $149,480.
How does Illinois compare to other states for financial analyst salary? ▼
The highest paying state for financial analysts is Hawaii at $161,636. Illinois's median of $96,031 ranks #16 nationally. Nearby-ranked states include Delaware ($100,785) and Colorado ($99,834).
What is the entry-level financial analyst salary in Illinois? ▼
An entry-level financial analyst in Illinois earns approximately $60,600 per year. With 3-7 years of experience, pay increases to around $96,960. Senior-level professionals with 8+ years earn up to $149,480.
What city in Illinois pays financial analysts the most? ▼
Naperville is the highest paying city in Illinois for financial analysts, with a median salary of $108,391. Other cities include Chicago and Aurora.