Product Manager Salary in Chicago, Illinois
Chicago's economy includes headquarters in insurance, logistics, and SaaS. Major companies such as McDonald's and United Airlines are significant employers in the area. Living costs in Chicago influence how salaries are perceived.
Salary by experience level
Entry-level (0-2 years)
Salary range (per year)
$82,000 to $105,000
Average (per year)
$94,000
Graduates start in tech, finance, or healthcare, where Chicago's large employers provide entry-level salaries.
Mid-level (3-5 years)
Salary range (per year)
$105,000 to $132,000
Average (per year)
$118,000
Mid-level managers work at major firms like Allstate, Morningstar, or established startups in the Fulton Market district.
Senior (6-9 years)
Salary range (per year)
$132,000 to $165,000
Average (per year)
$149,000
Senior roles reward experience in managing cross-functional teams or launching high-impact digital products for Fortune 500 companies.
Principal/Lead (10+ years)
Salary range (per year)
$165,000+
Principal and lead product managers drive strategy at top consulting firms, global tech offices, or unicorn startups.
Hourly Rates
For freelance or contract work, hourly rates are typically higher than equivalent salaried positions.
Junior
$39 - $54
per hour
Mid-level
$55 - $72
per hour
Senior
$73 - $92
per hour