PM Compensation in Chicago: What to Expect
Chicago is a competitive market for Product Managers in the United States. With a salary multiplier of 1x compared to the national average, PMs in Chicago can expect salaries at the national average for equivalent roles.
The Chicago tech market is characterized by a diverse mix of major tech companies, innovative startups, and established enterprises. Total compensation for Product Managers ranges from $141K for entry-level APMs to $3.6M+ for VPs at top tech companies.
Chicago PM Salary by Level
| Level | Base Salary | Equity | Bonus | Total Comp |
|---|---|---|---|---|
| APM 0-2+ yrs | $105K | $25K | $11K | $141K |
| PM 2-5+ yrs | $140K | $50K | $17K | $207K |
| Sr PM 5-8+ yrs | $175K | $100K | $26K | $301K |
| Staff PM 8-12+ yrs | $215K | $175K | $39K | $429K |
| Principal PM 10-15+ yrs | $250K | $250K | $50K | $550K |
| GPM 7-12+ yrs | $220K | $150K | $40K | $410K |
| Director 10-15+ yrs | $280K | $250K | $62K | $592K |
* Salaries shown are median values for tier-2 tech companies in Chicago. FAANG companies pay 30-50% more.
How Chicago Compares to Other Cities
+35% vs national avg
$372K
Senior PM total comp
+30% vs national avg
$362K
Senior PM total comp
+25% vs national avg
$352K
Senior PM total comp
+5% vs national avg
$311K
Senior PM total comp
0% vs national avg
$301K
Senior PM total comp
Top PM Employers in Chicago
These companies actively hire Product Managers in Chicago and offer competitive compensation packages:
Grubhub
Groupon
Uptake
Sprout Social
McDonald's
Allstate
Looking for PM jobs at these companies? Browse current openings in Chicago on bestpmjobs.com.
Find PM Jobs in ChicagoCost of Living in Chicago
Cost of Living Index
107
National avg = 100
Salary Premium
0%
vs national average
Adjusted Value
281542
Purchasing power index
When evaluating PM opportunities in Chicago, consider that the cost of living is at the national average, making Chicago a balanced option for PM careers with salaries that reflect your actual purchasing power.
Calculate Your Salary
Quick Salary Estimate
Estimated Total Comp
$372K
$255K - $546K
Get a personalized salary estimate based on your specific role, company type, and experience level.
Use Full Salary CalculatorChicago PM Salary FAQ
What is the average PM salary in Chicago?
The average Product Manager salary in Chicago is $175K base salary with total compensation of $301K including equity and bonus. This is 0% below the national average. Senior PMs at FAANG companies can earn $877K+ total compensation.
How does Chicago PM salary compare to other cities?
Chicago ranks 5 among major tech markets for PM compensation. San Francisco leads with 35% premium, followed by NYC (30%) and Seattle (25%). Chicago offers more affordable cost of living that offsets the 0% lower salaries.
What companies hire PMs in Chicago?
Top PM employers in Chicago include Grubhub, Groupon, Uptake, Sprout Social, McDonald's, and more. These companies offer competitive salaries ranging from $200K to $456K for mid-level PM roles.
Is it worth being a PM in Chicago vs working remotely?
Chicago offers higher salaries than remote work. With cost of living index at 107 (national average = 100), your purchasing power may actually be better than higher-paying cities. Consider total compensation, career opportunities, and lifestyle when deciding.