PricingCustomersResources
Try for FreeRequest a Demo
Open MenuClose Menu icon

salary information

Salary Information for a Chief Executive Officer in Chicago, IL

Median salary:

This data reflects Total Cash for a Level 6 Chief Executive Officer at a mid-size company. To get more detailed information on total compensation for the role of Chief Executive Officer in Chicago, IL, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Chief Executive Officer in Chicago, IL?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

73

Total Comp (TC)

Cost of Living (COL) Index
73
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Chief Executive Officer in Chicago, IL?

Head of an organization. Is in charge of the overall business strategy, embodies the company culture and works to ensure the business is on track to achieve it's yearly goals.

What are the characteristics of a level 6 Chief Executive Officer?

A level 6 Chief Executive Officer in Chicago, IL is reserved for the most senior position in the organization, such as the CEO, Founder or Chairman.

Chief Executive Officer

Benchmark Role

Executive

Job Type

CEO

Job Family

CEO

Job Area

Quality of Life in Chicago, IL, with a Salary of $348,840

Overview

Living in Chicago, Illinois, on a salary of $348,840 offers a relatively high quality of life. Given the city's vibrant culture, dynamic economy, and expansive amenities, this income level provides considerable comfort. Below, we break down various dimensions of life in Chicago for someone receiving this salary, compared to the national average.

Cost of Living

  • General Cost of Living: Chicago’s cost of living is slightly higher than the national average. However, with a salary of $348,840, residents can comfortably manage daily expenses including groceries, dining, transportation, and entertainment.
  • Transportation: The city offers numerous public transportation options, which can help reduce the cost of owning and maintaining a personal vehicle.
  • Utilities and Services: Utility costs, including water, electricity, and internet, are on par with or slightly lower than other major metropolitan areas.

Housing Market

  • Home Prices: The median home price in Chicago is currently higher than the national average but remains more affordable than other major urban centers like New York City or San Francisco.
  • Rental Market: Renting in Chicago is feasible, with the city providing various options from luxury high-rises to more affordable neighborhoods.
  • Housing Choice: With this income, one can comfortably afford a spacious condo or a single-family home in desirable neighborhoods such as Lincoln Park or Lakeview.

Quality of Life

  • Cultural Amenities: Chicago offers a rich array of cultural experiences, including museums, theaters, music venues, and a diverse culinary scene.
  • Recreational Opportunities: The city boasts numerous parks, the beautiful Lake Michigan shoreline, and sports facilities, catering to outdoor enthusiasts and families alike.
  • Safety: Like any major city, safety can vary by neighborhood. Research and neighborhood choice can significantly influence personal safety and peace of mind.

Access to Healthcare

  • Healthcare Facilities: Chicago is home to some of the top healthcare institutions in the nation, providing comprehensive medical services and specialized care.
  • Insurance: With the given salary, individuals likely have access to high-quality health insurance, ensuring access to a wide range of healthcare options.

Quality of K-12 Schools

  • Public Schools: Chicago Public Schools offer a range of educational opportunities, with certain neighborhoods featuring highly-rated elementary and high schools.
  • Private Education:

See salary information for the Chief Executive Officer role elsewhere in the United States

Try OpenComp today

Sign-up to search for more detailed compensation information that includes base pay, total cash, and equity by role, city, and job level

What is OpenComp? OpenComp provides innovative solutions for compensation management. Organizations use OpenComp to:

OpenComp aggregates multiple data sources to provide accurate salary data for Chicago, IL, specifically for a Level 6 Chief Executive Officer. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

You are in safe hands with us.

Feel confident that your comp data is safe and secure with OpenComp's access controls, data encryption, security certifications and system audits.