Salary Overview for Illinois
The median individual income in Illinois is $39,790 per year, while the mean (average) individual income is $52,610. The median household income is $78,433.
Cost of Living Adjusted Salary
Illinois's cost of living index is 93 (national average = 100). This means the median salary of $39,790 in Illinois has the purchasing power of approximately $42,785 at the national average cost of living. Your dollar goes further in Illinois than in most states.
Minimum Wage in Illinois
The current minimum wage in Illinois is $14.00/hour, which equals approximately $29,120 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Illinois minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Illinois
- University of Chicago
- Abbott Labs
- Boeing
Major Industries in Illinois
- Finance
- Manufacturing
- Technology
Tax Rates in Illinois
See the full tax breakdown including income tax, sales tax, property tax, and more on our Illinois tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Illinois after federal and state taxes.