Technology Chicago, IL Pop. 2,693,976

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.

City Median
$135,520
vs State Avg
+$14,520
vs National
+$14,520
Cost of Living
107%

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.

Entry Level (0-2 yrs)
$84,000
+$9,000 vs national
Mid Level (3-7 yrs)
$136,640
+$14,640 vs national
Senior Level (8+ yrs)
$196,000
+$21,000 vs national

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

Naperville, IL
$136,730
Pop. 149,540
Aurora, IL
$121,000
Pop. 197,757
Springfield, IL
$108,900
Pop. 114,394
Rockford, IL
$105,270
Pop. 148,655

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

Product StrategyAgile/ScrumData AnalysisStakeholder ManagementRoadmappingUser Research

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:

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Frequently Asked Questions: Product Manager Salary in Chicago

How much does a Product Manager make in Chicago, IL? ▼
The median product manager salary in Chicago, Illinois is $135,520 per year, which is 12.0% above the national median of $121,000. Salaries range from $80,640 (10th percentile) to $215,040 (90th percentile).
How much does a Product Manager make per hour in Chicago? ▼
Based on the median annual salary of $135,520, a product manager in Chicago earns approximately $65 per hour assuming a standard 2,080-hour work year.
How does Chicago compare to the Illinois state average for product manager pay? ▼
Chicago's median product manager salary of $135,520 is 12.0% above the Illinois state average of $121,000. The local cost of living index is 107% of the national average.
What is the cost of living in Chicago, IL? ▼
Chicago has a cost of living index of 107% compared to the national average. This means a product manager salary of $135,520 in Chicago has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a product manager in Chicago? ▼
Most product manager positions in Chicago require a bachelor's degree. Key skills include Product Strategy, Agile/Scrum, Data Analysis, Stakeholder Management. The job market is projected to grow 10% nationally over the next decade.