2026 Salary Data · Chicago, IL

VP of Product Salary in Chicago

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

$377K
Median Total Comp
-7%
vs National Avg
moderate
Cost of Living
1,400+
Product Roles

How Much Does a VP of Product Make in Chicago?

VPs of Product in Chicago earn a median total compensation of $377K, 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 $377K VP Product salary provides solid purchasing power relative to the national average.

$256K$577K
P25-P75 Median

AI Specialization Premium in Chicago

Standard VP Product
$377K
$293K - $493K
AI-Specialized VP Product
$445K
$346K - $582K

VPs of Product 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.

VP of Product Salary by Company Type in Chicago

FAANG / Big Tech
$490K
+30%
Pre-IPO Unicorn
$434K
+15%
Growth Startup (B/C)
$377K
Baseline
Enterprise / Fortune 500
$396K
+5%
Early Startup (Seed/A)
$320K
-15%
Agency / Consulting
$302K
-20%

Top Employers for VPs of Product 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
+18%
Director of Product
10-15 years
$344K
-9%
Staff Product Manager
8-12 years
$293K
-22%
AI Product Manager
3-7 years
$284K
-25%
Platform Product Manager
5-9 years
$256K
-32%
Technical Product Manager
4-8 years
$251K
-33%

VP of Product Salary in Other Cities

Minneapolis, MN
moderate cost of living
$373K
-1%
Detroit, MI
moderate cost of living
$352K
-7%
Dallas, TX
moderate cost of living
$377K
Same
Atlanta, GA
moderate cost of living
$373K
-1%
San Francisco, CA
very-high cost of living
$486K
+29%
San Jose, CA
very-high cost of living
$478K
+27%
New York City, NY
very-high cost of living
$466K
+24%

Frequently Asked Questions

How much does a VP of Product make in Chicago?+
The median total compensation for a VP of Product in Chicago is $377K, with the 25th to 75th percentile range spanning $293K to $493K. This is 7% below the national average of $405K.
What companies hire VPs of Product in Chicago?+
Top employers for VPs of Product 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 VPs of Product?+
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 VP of Product salary in Chicago compare to other cities?+
Chicago pays 7% below the national average for VPs of Product. For comparison, San Francisco pays +20%, New York pays +12%, and Austin is the baseline. Similar markets include Minneapolis, Detroit, Dallas, Atlanta.
Do VPs of Product in Chicago earn more with AI experience?+
Yes. The AI specialization premium for VPs of Product in Chicago is 18%, bringing the median from $377K to $445K. While Chicago's AI ecosystem is still developing, companies here still pay the premium for AI-experienced PMs.
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