Salary in chicago

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Average Salary in Chicago, Illinois

Chicago, Illinois Jobs by Salary

The average salary in Chicago, IL is $73k. Trends in wages increased by 0.7 percent in Q3 2021. The cost of living in Chicago, IL is 23 percent higher than the national average. The most popular occupations in Chicago, IL are Software Engineer, Project Manager, …Read more

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Popular Employers in Chicago, IL

The most common companies reported by employees working in Chicago, IL.

Cost of Living in Chicago, Illinois by Expense Category

Chicago's housing expenses are 56% higher than the national average and the utility prices are 10% lower than the national average. Transportation expenses like bus fares and gas prices are 27% higher than the national average.

Cost of Living Calculator

Chicago, Illinois Job Listings

Popular Schools for Employees in Chicago, Illinois

The most commonly attended schools reported by employees working in Chicago, IL

Sours: https://www.payscale.com/research/US/Location=Chicago-IL/Salary

How much does an Entry Level Estimator make in Chicago, IL? The average Entry Level Estimator salary in Chicago, IL is $60,244 as of September 27, 2021, but the salary range typically falls between $50,017 and $74,746. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

SalarySalary + BonusBenefits

Based on HR-reported data: a national average with a geographic differential

Entry Level Estimator Salaries by Percentile

Percentile Salary LocationLast Updated
10th Percentile Entry Level Estimator Salary$40,706Chicago,ILSeptember 27, 2021
25th Percentile Entry Level Estimator Salary$50,017Chicago,ILSeptember 27, 2021
50th Percentile Entry Level Estimator Salary$60,244Chicago,ILSeptember 27, 2021
75th Percentile Entry Level Estimator Salary$74,746Chicago,ILSeptember 27, 2021
90th Percentile Entry Level Estimator Salary$87,949Chicago,ILSeptember 27, 2021

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Search Entry Level Estimator Job Openings

Zurich North America is hiring an Entry-Level Tax Analyst to join their team! We are open to hiring ... Prepares tax returns and supporting workpapers, estimated tax payments and various other tax ...

Zurich - 5 days ago

You will use your extensive knowledge to assist entry-level mechanics with difficult repairs. * You will build relationships with vendors when getting estimates for parts or labor. * You will ...

Recruitics Direct Employer - Today

This is the entry-level Engineer I & II performs assignments designed to develop professional work ... Produce requested components of detailed final design plans specifications and estimates in ...

LinkedIn - 10 days ago

Contribute to team processes by participating in team activities, such as estimation, collaboration in requirements definition, code reviews, and contribution of feedback during retrospectives

LinkedIn - 9 days ago

... Estimation & Analysis, and Exposure Simulation Testing. Our highly trained and sophisticated team ... We are seeking a full-time entry-level Associate to join our Chicago office as an Environmental ...

LinkedIn - 7 days ago

Has the ability to break down problems and estimate time for development tasks * Understands the technology landscape, up to date on current technology trends and new technology, brings new ideas to ...

LinkedIn - 2 days ago

What does an Entry Level Estimator do?

Entry Level Estimator in New York, NY

Performs the routine aspects of estimating assignments.

April 25, 2021

Assists senior specialists in performing various estimating functions as required.

May 18, 2021

Gathers, calculates and compiles data for use in developing all types of estimates.

July 05, 2021

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About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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Understand the total compensation opportunity for an Entry Level Estimator, base salary plus other pay elements

Average Base Salary

Core compensation

 

 

 

Average Total Cash Compensation

Includes base and annual incentives

 

 

 

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Entry Level Estimator in Chicago, IL. The base salary for Entry Level Estimator ranges from $50,017 to $74,746 with the average base salary of $60,244. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $50,814 to $77,838 with the average total cash compensation of $61,790.

About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago

Entry Level Estimator Salary in popular cities: Aurora, Rockford, Joliet

Skills associated with Entry Level Estimator: Estimating

Sours: https://www.salary.com/research/salary/posting/entry-level-estimator-salary/chicago-il
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Average Salary in Chicago 2021

How much money does a person working in Chicago make?


Average Yearly Salary

110,000USD

( 9,140 USD monthly)


LOW
27,700
USDAVERAGE
110,000
USDHIGH
489,000
USD

A person working in Chicago typically earns around 110,000 USD per year. Salaries range from 27,700 USD (lowest average) to 489,000 USD (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Chicago

Median and salary distribution yearly Chicago
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Chicago range from 27,700 USD per year (minimum salary) to 489,000 USD per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 118,000 USD per year, which means that half (50%) of the population are earning less than 118,000 USD while the other half are earning more than 118,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 65,800 USD while 75% of them are earning more than 65,800 USD. Also from the diagram, 75% of the population are earning less than 328,000 USD while 25% are earning more than 328,000 USD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

“On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,500 US Dollar(s) to 118,000 US Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender yearly United States
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in United States earn 6% more than their female counterparts on avergae across all sectors.

Male

97,500 USD

Female-6%

92,100 USD

Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in United States

How much are annual salary increments in United States? How often do employees get salary raises?

United States

Employees in United States are likely to observe a salary increase of approximately 8% every 16 months.

Annual Salary Increment Rate United States
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

“The average salary increase in one year (12 months) in United States is 6%.”

Annual Increment Rate By Industry 2020

Banking

4%

Energy

8%

Information Technology

3%

Healthcare

7%

Travel

2%

Construction

6%

Education

1%

Listed above are the average annual increase rates for each industry in United States for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Average Salary Increase Rate by Experience Level

Junoir Level

3% - 5%

Mid-Career

6% - 9%

Senior Level

10% - 15%

Top Management

15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States
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47% of surveyed staff in United States reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus

53%

No Bonus

47%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance

High

Architecture

High

Sales

High

Business Development

High

Marketing / Advertising

High

Information Technology

Moderate

Healthcare

Moderate

Insurance

Moderate

Customer Service

Moderate

Human Resources

Moderate

Construction

Low

Transport

Low

Hospitality

Low


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

“Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.”

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salaries for popular jobs

Accounting and Finance
Accountant80,500 USD
Accounting Assistant63,600 USD
Accounting Manager163,000 USD
Bookkeeper54,300 USD
Chartered Accountant101,000 USD
Corporate Treasurer159,000 USD
Financial Analyst142,000 USD
Financial Manager229,000 USD
Internal Auditor108,000 USD

Administration / Reception / Secretarial
Administrative Assistant58,300 USD
Office Manager99,500 USD
Receptionist41,600 USD
Secretary48,400 USD

Advertising / Grapic Design / Events
Art Director109,000 USD
Creative Director117,000 USD
Graphic Designer70,700 USD
Photographer63,500 USD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer140,000 USD
Air Traffic Controller122,000 USD
Flight Attendant78,200 USD
Pilot186,000 USD

Architecture
Architect137,000 USD
CAD Drafter54,900 USD

Automotive
Mechanic44,200 USD
Service Advisor75,000 USD

Banking
Bank Branch Manager208,000 USD
Teller42,900 USD

Bilingual
Teacher84,600 USD
Translator101,000 USD

Business Planning
Business Analyst135,000 USD
Business Development Manager186,000 USD
Project Manager129,000 USD

Care Giving and Child Care
Nanny45,200 USD
Nursery Teacher41,200 USD

Construction / Building / Installation
Civil Engineer105,000 USD
Construction Project Manager194,000 USD
Health and Safety Officer48,400 USD

Customer Service and Call Center
Call Center Representative41,200 USD
Customer Service Manager147,000 USD
Customer Service Representative41,200 USD

Engineering
Electrical Engineer115,000 USD
Engineer102,000 USD
Mechanical Engineer108,000 USD

Executive and Management
Chief Executive Officer265,000 USD
Chief Financial Officer237,000 USD
General Manager190,000 USD

Food / Hospitality / Tourism / Catering
Chef67,000 USD
Executive Chef79,100 USD
Hotel Manager204,000 USD
Travel Agent72,100 USD
Waiter / Waitress36,400 USD

Health and Medical
Dentist266,000 USD
Dietitian228,000 USD
Laboratory Technician85,800 USD
Nurse88,400 USD

Human Resources
Human Resources Manager163,000 USD
Human Resources Officer68,000 USD

Information Technology
Computer Technician89,800 USD
Database Administrator110,000 USD
Developer / Programmer108,000 USD
Information Technology Manager193,000 USD
Network Engineer97,700 USD

Law Enforcement / Security / Fire
Police Officer67,300 USD

Legal
Attorney216,000 USD
Legal Assistant58,900 USD

Media / Broadcasting / Arts / Entertainment
Journalist133,000 USD

Pharmaceutical and Biotechnology
Biomedical Engineer93,400 USD
Pharmacist142,000 USD

Sales Retail and Wholesale
Cashier44,200 USD
Sales Manager193,000 USD
Sales Representative73,600 USD

Teaching / Education
Elementary School Teacher75,500 USD
Secondary School Teacher90,200 USD

Average Hourly Wage in Chicago


53USD per hour

The average hourly wage (pay per hour) in Chicago is 53 USD. This means that the average person in Chicago earns approximately 53 USD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )


The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Chicago VS United States

Salary Comparison Between Chicago and United States yearly
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We compared salaries in Chicago, Illinois, and United States and we found that Chicago salaries are 1% less than those of Illinois. We also found out that Illinois salaries are 17% more than those of United States.

Salary Comparison By City

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.

Private Sector

92,400 USD

Public Sector+5%

97,100 USD

Percentage increase and decrease are relative to the previous value

Sours: http://www.salaryexplorer.com/salary-survey.php?loc=2610&loctype=3

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In chicago salary

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Living On $230K A Year In West Chicago, Illinois - Millennial Money

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