2026 Salary Data · Chicago, IL

Product Owner Salary in Chicago

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

$158K
Median Total Comp
-7%
vs National Avg
moderate
Cost of Living
1,400+
Product Roles

How Much Does a Product Owner Make in Chicago?

Product Owners in Chicago earn a median total compensation of $158K, 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 $158K PO salary provides solid purchasing power relative to the national average.

$115K$214K
P25-P75 Median

AI Specialization Premium in Chicago

Standard PO
$158K
$133K - $197K
AI-Specialized PO
$186K
$157K - $232K

Product Owners with AI/ML experience earn a 18% premium in Chicago. While Chicago's AI ecosystem is still growing, companies here pay the premium to attract AI-experienced PMs.

Product Owner Salary by Company Type in Chicago

FAANG / Big Tech
$205K
+30%
Pre-IPO Unicorn
$182K
+15%
Growth Startup (B/C)
$158K
Baseline
Enterprise / Fortune 500
$166K
+5%
Early Startup (Seed/A)
$134K
-15%
Agency / Consulting
$126K
-20%

Top Employers for Product Owners 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
+182%
VP of Product
12+ years
$377K
+139%
Director of Product
10-15 years
$344K
+118%
Staff Product Manager
8-12 years
$293K
+85%
AI Product Manager
3-7 years
$284K
+80%
Platform Product Manager
5-9 years
$256K
+62%

Product Owner Salary in Other Cities

Minneapolis, MN
moderate cost of living
$156K
-1%
Detroit, MI
moderate cost of living
$148K
-6%
Dallas, TX
moderate cost of living
$158K
Same
Atlanta, GA
moderate cost of living
$156K
-1%
San Francisco, CA
very-high cost of living
$204K
+29%
San Jose, CA
very-high cost of living
$201K
+27%
New York City, NY
very-high cost of living
$195K
+23%

Frequently Asked Questions

How much does a Product Owner make in Chicago?+
The median total compensation for a Product Owner in Chicago is $158K, with the 25th to 75th percentile range spanning $133K to $197K. This is 7% below the national average of $170K.
What companies hire Product Owners in Chicago?+
Top employers for Product Owners 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 Owners?+
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 Owner salary in Chicago compare to other cities?+
Chicago pays 7% below the national average for Product Owners. For comparison, San Francisco pays +20%, New York pays +12%, and Austin is the baseline. Similar markets include Minneapolis, Detroit, Dallas, Atlanta.
Do Product Owners in Chicago earn more with AI experience?+
Yes. The AI specialization premium for Product Owners in Chicago is 18%, bringing the median from $158K to $186K. While Chicago's AI ecosystem is still developing, companies here still pay the premium for AI-experienced PMs.
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