Financial Manager salary in Illinois
Updated Updated for 2026 tax law
A financial manager in Illinois earns a median of $165,880 a year ($79.75/hour equivalent), 0.4% below the national median of $166,570. Illinois ranks #14 of 51 states. About 52,720 people do this job in Illinois.
Take-home pay in Illinois
At the Illinois median, a single filer keeps about $116,579 a year after federal, FICA and Illinois taxes — $4,484 every two weeks. Try your own numbers with the Illinois paycheck calculator.
- Gross pay
- $6,380.00
- Federal income tax
- −$1,097.89
- Social Security (6.2%)
- −$395.56
- Medicare (1.45%)
- −$92.51
- Illinois income tax
- −$310.24
- Take-home pay
- $4,483.80
Annual breakdown
- Gross
- $165,880
- Federal
- $28,545
- FICA
- $12,690
- State + local
- $8,066
- Net
- $116,579
- Marginal federal rate
- 24.0%
- Marginal state rate
- 5.0%
2026 federal brackets (Rev. Proc. 2025-32) and 2026 state rules. Estimates assume wages are your only income and use annual liability, so your actual withholding can differ slightly.
How Illinois compares
| Rank | State | Median salary |
|---|---|---|
| #1 | New York | $219,880 |
| #2 | Massachusetts | $206,760 |
| #3 | New Jersey | $199,110 |
| #4 | District of Columbia | $188,880 |
| #5 | Virginia | $185,220 |
| #14 | Illinois | $165,880 |
| #49 | Arkansas | $116,570 |
| #50 | West Virginia | $113,140 |
| #51 | Mississippi | $111,390 |
See the national financial manager salary page for the full pay range and all states.
BLS occupation: Financial Managers (SOC 11-3031), May 2025, state estimates.
Frequently asked questions
How much does a financial manager make in Illinois?
The median salary is $165,880 a year and the average is $183,920 (BLS May 2025).
Is Illinois a good state for financial managers?
Illinois ranks #14 of 51 states for median pay in this job, 0% below the national median of $166,570.
What is $165,880 after taxes in Illinois?
About $116,579 a year ($4,484 every two weeks) for a single filer in 2026.
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Estimates for information only — not tax, legal or financial advice.