What is the average Product Manager salary in Chicago, IL?
Product Managers in Chicago earn a median of $140,900 per year — about 6% above the national average. Pay ranges from $101,400 (25th percentile) to $218,400 (90th percentile).
Product Manager salary by experience level
How Chicago pay compares
Cost-of-living adjusted is the Chicago salary translated into equivalent purchasing power vs the US average (COL index 100). Useful for comparing offers across cities.
5-year salary trend
Trend extrapolated from BLS May 2024 BLS OEWS OEWS data using the latest year-over-year growth rate of 3.5%.
Product Manager job market in Chicago
Chicago's economy is anchored by finance, manufacturing, and a growing tech scene. Salaries are competitive without the coastal cost of living.
An estimated 9,400 product managers work in the Chicago metro. Daily responsibilities typically include:
- Write product requirements
- Run user interviews
- Prioritize roadmap
- Coordinate with engineering and design
- Track product metrics
Related job salaries in Chicago
Product Manager salary in other cities
FAQ
How much does a Product Manager make in Chicago, IL?+
Product Managers in Chicago earn a median of $140,900 per year — about 6% above the national average of $132,890.
What's the entry-level Product Manager salary in Chicago?+
Entry-level Product Managers in Chicago typically earn around $91,600 per year. Salaries scale to about $204,300 at the senior level with 8+ years of experience.
Is $140,900 a good Product Manager salary in Chicago?+
$140,900 is the median, meaning half of Product Managers in Chicago earn more and half earn less. Adjusted for the city's cost-of-living index of 107, that's roughly $131,700 in nationally-equivalent purchasing power.
How fast is Product Manager pay growing in Chicago?+
Product Manager salaries in Chicago grew about 3.5% year-over-year in the latest BLS data. The 10-year national outlook for this role is +15%.
Where do Product Managers in Chicago get paid the most?+
The 90th percentile Product Manager salary in Chicago is around $218,400. These typically include senior, lead, or specialist roles at major employers.
Are you being paid fairly in Chicago?
Run a free comparison against BLS data — see if your salary is below, at, or above the Chicago median.
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