2026 Salary Data · Chicago, IL

Product Manager Salary in Chicago

How much does a Product Manager make in Chicago? Salary data, top employers, and career insights for Product Managers in the Greater Chicago area.

$172K
Median Total Comp
-7%
vs National Avg
moderate
Cost of Living
1,400+
Product Roles

How Much Does a Product Manager Make in Chicago?

Product Managers in Chicago earn a median total compensation of $172K, 7% below the national average. Chicago offers a balance of competitive salaries and manageable cost of living (index: 115). The strong job market features approximately 1,400+ open product roles, with strength in B2B SaaS (General) and E-commerce / Marketplace.

Chicago's cost-of-living index is 115 (vs 100 national average), placing it in the moderate range. A $172K PM salary provides solid purchasing power relative to the national average.

$126K$233K
P25-P75 Median

AI Specialization Premium in Chicago

Standard PM
$172K
$144K - $214K
AI-Specialized PM
$210K
$176K - $261K

Product Managers with AI/ML experience earn a 22% premium in Chicago. While Chicago's AI ecosystem is still growing, companies here pay the premium to attract AI-experienced PMs.

Product Manager Salary by Company Type in Chicago

FAANG / Big Tech
$224K
+30%
Pre-IPO Unicorn
$198K
+15%
Growth Startup (B/C)
$172K
Baseline
Enterprise / Fortune 500
$181K
+5%
Early Startup (Seed/A)
$146K
-15%
Agency / Consulting
$138K
-20%

Top Employers for Product Managers in Chicago

McDonald'sGrubhubGrouponUptakeTempusSprout SocialPaylocity

Chicago is a top-10 tech market with strengths in enterprise SaaS, foodtech, and martech. The city benefits from a diverse economy and strong universities (Northwestern, UChicago). PM salaries are 5% below the national average but cost of living is manageable.

B2B SaaS (General)E-commerce / MarketplaceFintech

Other Product Roles in Chicago

Chief Product Officer
15+ years
$446K
+159%
VP of Product
12+ years
$377K
+119%
Director of Product
10-15 years
$344K
+100%
Staff Product Manager
8-12 years
$293K
+70%
AI Product Manager
3-7 years
$284K
+65%
Platform Product Manager
5-9 years
$256K
+49%

Product Manager Salary in Other Cities

Minneapolis, MN
moderate cost of living
$170K
-1%
Detroit, MI
moderate cost of living
$161K
-6%
Dallas, TX
moderate cost of living
$172K
Same
Atlanta, GA
moderate cost of living
$170K
-1%
San Francisco, CA
very-high cost of living
$222K
+29%
San Jose, CA
very-high cost of living
$218K
+27%
New York City, NY
very-high cost of living
$213K
+24%

Frequently Asked Questions

How much does a Product Manager make in Chicago?+
The median total compensation for a Product Manager in Chicago is $172K, with the 25th to 75th percentile range spanning $144K to $214K. This is 7% below the national average of $185K.
What companies hire Product Managers in Chicago?+
Top employers for Product Managers in Chicago include McDonald's, Grubhub, Groupon, Uptake, Tempus. Chicago is a top-10 tech market with strengths in enterprise SaaS, foodtech, and martech.
Is Chicago a good city for Product Managers?+
Chicago has a strong product job market with approximately 1,400+ open product roles. The cost of living is moderate. Strong industries include B2B SaaS (General), E-commerce / Marketplace, Fintech.
How does Product Manager salary in Chicago compare to other cities?+
Chicago pays 7% below the national average for Product Managers. For comparison, San Francisco pays +20%, New York pays +12%, and Austin is the baseline. Similar markets include Minneapolis, Detroit, Dallas, Atlanta.
Do Product Managers in Chicago earn more with AI experience?+
Yes. The AI specialization premium for Product Managers in Chicago is 22%, bringing the median from $172K to $210K. While Chicago's AI ecosystem is still developing, companies here still pay the premium for AI-experienced PMs.
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