In Chicago, IL, Project Managers earn a median of $72,100 a year — about 8% below the U.S. median of $78,400. Among the 50 metros tracked here for this role, that ranks #16.
What that pay is worth in Chicago
Local prices run 104 on the BEA cost-of-living index (U.S. = 100), so a $84,250 salary buys less than it looks — about $81,326 in national-average buying power.
Can Project Managers afford a home in Chicago?
A typical Chicago home runs about $315,200 — 3.7 times the average Project Manager salary, manageable against the classic 3x rule of thumb. Median rent near $1,380/mo takes roughly 20% of gross pay — within the 30% comfort line.
The Project Manager pay ladder in Chicago
Entry-level (10th percentile) Project Managers earn about $40,180; the top 10% reach $137,490 — a $97,310 spread, wide for this field. Most of that gap comes down to experience, employer, and how hard you negotiate.
The Project Manager job market in Chicago
Chicago employs roughly 10,610 Project Managers. It’s a sizable local market to build a career in.
Compare Chicago with other cities
See the full Project Manager salary by city ranking to weigh Chicago against the other metros on both pay and cost-adjusted value, or use the cost-of-living calculator to compare any two cities directly.
Frequently asked questions
How much do Project Managers make in Chicago?
The average Project Manager in Chicago, IL earns about $84,250 per year, 7.5% above the national average of $78,400.
What is the take-home pay for Project Managers in Chicago after taxes?
After federal and IL taxes, this $84,250 salary is worth about $63,929 a year - roughly $5,327 a month in take-home pay, an effective tax rate near 24%.
What do the highest-paid Project Managers earn in Chicago?
The top 10% of Project Managers in Chicago earn about $137,490 a year, versus about $40,180 for the bottom 10%.
Can Project Managers afford a home in Chicago?
A typical Chicago home runs about $315,200 - roughly 3.7x this salary, within reach by the classic 3x rule of thumb.