Business & Finance Chicago, IL Pop. 2,693,976

Real Estate Appraiser Salary in Chicago, Illinois

The median real estate appraiser salary in Chicago, IL is $69,857 per year, which is 13.0% above the national median and 11.9% above the Illinois state average.

City Median
$69,857
vs State Avg
+$7,419
vs National
+$8,037
Cost of Living
107%

Real Estate Appraiser Salary in Chicago by Experience

In Chicago, an entry-level real estate appraiser earns around $42,940, while experienced professionals earn up to $108,480 per year. The local cost of living index is 107% of the national average.

Entry Level (0-2 yrs)
$42,940
+$4,940 vs national
Mid Level (3-7 yrs)
$71,190
+$8,190 vs national
Senior Level (8+ yrs)
$108,480
+$12,480 vs national

Salary Percentiles in Chicago, IL

Percentile Chicago
10th Percentile $40,680
25th Percentile $51,980
Median (50th) $69,857
75th Percentile $90,400
90th Percentile $115,260

Real Estate Appraiser Salary in Other Illinois Cities

How to Become a Real Estate Appraiser in Chicago

Education

Most real estate appraiser positions require a bachelor's degree. Chicago and the surrounding Illinois area have institutions offering relevant programs.

Key Skills

Property ValuationMarket AnalysisReport WritingUSPAP StandardsMLS SystemsAttention to Detail

Job Outlook

Nationally, real estate appraiser employment is projected to grow 5% over the next decade (faster than average). Demand in Chicago may vary based on local industry and population growth.