Economics Teachers, Postsecondary salary in Chicago, IL
The median economics teachers, postsecondary in Chicago-Naperville-Elgin, IL-IN earns $124,360 a year, about the same as the US median. After tax that is roughly $7,509 a month.
- 10th percentile
- $59,010
- 25th percentile
- $80,250
- Median percentile
- $124,360
- 75th percentile
- $165,470
- 90th percentile
- $201,210
Based on 260 employed. Data period: BLS OEWS May 2025. Percentiles show the spread of pay, not experience; reading the 25th percentile as "entry level" is only an approximation.
What you keep
$90,110 take-home a year
| Gross pay | $124,360 |
| Federal income tax | −$18,580 |
| Social Security + Medicare | −$9,514 |
| Illinois income tax (approx.) | −$6,156 |
| Monthly take-home | $7,509 |
| Every two weeks | $3,466 |
Does it go far here?
$120,044Median pay in Chicago, IL is worth this at average US prices (local price level 103.6 vs 100).
19%of take-home pay goes to the median rent ($1,430 a month, Census ACS).
Top-paying jobs in Chicago, IL
| Job | Median pay |
|---|---|
| Chief Executives | $344,960 |
| Airline Pilots, Copilots, and Flight Engineers | $293,490 |
| Ophthalmologists, Except Pediatric | $284,630 |
| Nurse Anesthetists | $265,880 |
| Psychiatrists | $258,750 |
| Emergency Medicine Physicians | $239,200 |
| General Internal Medicine Physicians | $226,060 |
| Family Medicine Physicians | $225,080 |
All economics teachers, postsecondary salaries · Take-home pay in Illinois