Product Manager Salary in Chicago, Illinois
The median product manager salary in Chicago, IL is $135,520 per year, which is 12.0% above the national median and 12.0% above the Illinois state average.
Product Manager Pay in Chicago: What to Expect (2026)
Chicago offers a median product manager salary of $135,520, which is $14,520 above the Illinois state average of $121,000. Compared to the national median of $121,000, Chicago pays above average for this role.
Chicago's cost of living is 107% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for product managers in Chicago spans from $80,640 at the 10th percentile to $215,040 at the 90th percentile — a $134,400 spread. Entry-level professionals start around $84,000, while senior product managers with 8+ years of experience can earn up to $196,000. As a major metro area with a population of 2,693,976, Chicago typically offers more job opportunities and employer competition, which can drive salaries higher.
Product Manager Salary in Chicago by Experience
In Chicago, an entry-level product manager earns around $84,000, while experienced professionals earn up to $196,000 per year. The local cost of living index is 107% of the national average.
Salary Percentiles in Chicago, IL
| Percentile | Chicago |
|---|---|
| 10th Percentile | $80,640 |
| 25th Percentile | $106,400 |
| Median (50th) | $135,520 |
| 75th Percentile | $173,600 |
| 90th Percentile | $215,040 |
Product Manager Salary in Other Illinois Cities
How to Become a Product Manager in Chicago
Education
Most product manager positions require a bachelor's degree. Chicago and the surrounding Illinois area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, product manager employment is projected to grow 10% over the next decade (faster than average). Demand in Chicago may vary based on local industry and population growth.
Find Product Manager Jobs in Chicago
Browse open product manager positions in Chicago, IL: