Construction & Real Estate Chicago, IL Pop. 2,693,976

Property Manager Salary in Chicago, Illinois

The median property manager salary in Chicago, IL is $64,917 per year, which is 7.0% above the national median and 12.6% above the Illinois state average.

City Median
$64,917
vs State Avg
+$7,280
vs National
+$4,247
Cost of Living
107%

Property Manager Pay in Chicago: What to Expect (2026)

Chicago offers a median property manager salary of $64,917, which is $7,280 above the Illinois state average of $57,637. Compared to the national median of $60,670, 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 property managers in Chicago spans from $36,380 at the 10th percentile to $119,840 at the 90th percentile — a $83,460 spread. Entry-level professionals start around $40,660, while senior property managers with 8+ years of experience can earn up to $112,350. 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.

Property Manager Salary in Chicago by Experience

In Chicago, an entry-level property manager earns around $40,660, while experienced professionals earn up to $112,350 per year. The local cost of living index is 107% of the national average.

Entry Level (0-2 yrs)
$40,660
+$2,660 vs national
Mid Level (3-7 yrs)
$66,340
+$4,340 vs national
Senior Level (8+ yrs)
$112,350
+$7,350 vs national

Salary Percentiles in Chicago, IL

Percentile Chicago
10th Percentile $36,380
25th Percentile $47,080
Median (50th) $64,917
75th Percentile $90,950
90th Percentile $119,840

Property Manager Salary in Other Illinois Cities

Naperville, IL
$65,524
Pop. 149,540
Aurora, IL
$57,637
Pop. 197,757
Springfield, IL
$51,570
Pop. 114,394
Rockford, IL
$49,749
Pop. 148,655

How to Become a Property Manager in Chicago

Education

Most property manager positions require a high school diploma. Chicago and the surrounding Illinois area have institutions offering relevant programs.

Key Skills

Property ManagementTenant RelationsBudgetingMaintenance CoordinationLease ManagementCustomer Service

Job Outlook

Nationally, property manager employment is projected to grow 3% over the next decade (as fast as average). Demand in Chicago may vary based on local industry and population growth.

Find Property Manager Jobs in Chicago

Browse open property manager positions in Chicago, IL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Property Manager Salary in Chicago

How much does a Property Manager make in Chicago, IL? ▼
The median property manager salary in Chicago, Illinois is $64,917 per year, which is 7.0% above the national median of $60,670. Salaries range from $36,380 (10th percentile) to $119,840 (90th percentile).
How much does a Property Manager make per hour in Chicago? ▼
Based on the median annual salary of $64,917, a property manager in Chicago earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Chicago compare to the Illinois state average for property manager pay? ▼
Chicago's median property manager salary of $64,917 is 12.6% above the Illinois state average of $57,637. 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 property manager salary of $64,917 in Chicago has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a property manager in Chicago? ▼
Most property manager positions in Chicago require a high school diploma. Key skills include Property Management, Tenant Relations, Budgeting, Maintenance Coordination. The job market is projected to grow 3% nationally over the next decade.