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2026 Salary Data — Chicago, IL
Updated April 28, 2026

Financial Planner Salary in Chicago: $101K Median

Financial Planners in Chicago, IL earn between $66K and $166K per year.

That's +5% above the US national median of $96,000 for this role.

Quick Answer

As of April 2026, the median Financial Planner salary in Chicago, IL is $100,800 per year — +5% above the US national median of $96,000. Salaries range from $65,520 (entry, 25th percentile) to $166,320 (90th percentile). Financial Planners in Chicago earned approximately $19,765 in 2025, representing 410.0% year-over-year growth.

Median
$100,800
+410.0% YoY · $8,400/mo
Entry
$78,624
0–2 years
Experienced
$133,056
5+ years
Top 10%
$166,320
Senior/lead
Financial Planner Salary — Chicago vs Nearby
Chicago
$101K
Atlanta
$101K
+0% vs Chicago
Philadelphia
$100K
+1% vs Chicago
Nashville
$96K
+5% vs Chicago

Free ATS scan · Chicago employers · Results in 60 seconds

About Financial Planners in Chicago

Financial planners help individuals and families plan for retirement, investments, taxes, and estate goals. CFP-track planners deliver holistic, fiduciary-grade advice.

Core Responsibilities

  • Build comprehensive financial plans
  • Advise on retirement and investment strategy
  • Manage client portfolios and rebalancing
  • Coordinate tax and estate planning
  • Build long-term client relationships

Education & Certifications

Typical path: Bachelor's degree + CFP certification

In-demand certifications

Certified Financial Planner (CFP)ChFCCFASeries 7/65/66CPA/PFS

Chicago Job Market

Major Midwest financial and manufacturing hub with diverse industry base.

Population
2693K
Cost of Living
107
vs 100 US avg
Unemployment
4.8%
Median Home
$360K

Top Industries in Chicago

FinanceManufacturingHealthcareTechLogistics

Top Employers Hiring Financial Planners

Major employers active in Chicago or hiring remotely from this metro.

Fidelity
Vanguard
Charles Schwab
Edward Jones
Merrill Lynch
Morgan Stanley
RIAs (independent)
Northwestern Mutual

All major employers use ATS software.

Workday, Greenhouse, Taleo, and iCIMS auto-screen 75% of resumes before a human ever sees them. Scan your resume free to see your match rate.

2026 Hot Skills & Resume Keywords

Skills that command salary premiums and pass ATS keyword filters.

Hottest 2026 Skills

These appear in the highest-paying Financial Planner listings.

CFP designationtax planningestate planningfee-only RIA modelfinancial planning software (eMoney, RightCapital)behavioral finance

ATS Resume Keywords

Include these naturally throughout your resume.

CFPfinancial planningretirement planninginvestment managementwealth managementfiduciarytax planningestate planningSeries 65client relationships
Career Outlook
+13% Growth Projected (2024-2034)

Financial planner roles projected to grow 13% through 2034. Aging baby boomers and growing wealth transfer driving strong demand for CFPs.

Financial Planner Salary Breakdown — Chicago

PeriodEntry (25th)Median (50th)Top (90th)
Annual$65,520$100,800$166,320
Monthly$5,460$8,400$13,860
Weekly$1,260$1,938$3,198
Hourly$32$48$80

Based on 2080 working hours/year. Local figures derived from BLS Occupational Employment and Wage Statistics national median ($96,000) adjusted for Chicago's cost-of-living multiplier (1.05×, sourced from BEA Regional Price Parities).

Financial Planner Take-Home Pay in Chicago

After federal, state and FICA taxes — single filer, standard deduction.

Net Annual Take-Home
$74,221.2
Per month$6,185
Biweekly paycheck$2,855
Effective tax rate26.4%

Tax Breakdown on $100,800

Gross salary$100,800
Federal income tax−$13,878
Illinois state tax−$4,989.6
FICA (Social Security + Medicare)−$7,711.2
Take-home (net)$74,221.2

Estimates assume single filer, standard deduction ($14,600 for 2026), no 401(k)/HSA/dependents. Actual take-home varies with deductions, dependents, and benefits elections. Not tax advice.

Financial Planner Salary by Experience — Chicago

Career-stage progression for Financial Planners in Chicago.

ExperienceAnnual Salary
0–1 yr$72,334
2–3 yr$78,624
4–6 yr$105,840
7–10 yr$133,056
11–15 yr$157,006
15+ yr$149,688

Curve derived from BLS percentile data adjusted for Chicago's 1.05× cost-of-living multiplier. Highlighted row = 7–10 year experienced level.

Year-Over-Year Trend

+410.0% vs 2025

2025 median:$19,765
2026 median:$100,800
Change:+$81,035

Finance sector growth driven by demand for CFP designation and tax planning.

Is This A Good Salary?

Solid above median

Real purchasing power lands comfortably above the national middle-class threshold once cost of living is factored in. Homeownership and meaningful retirement savings are achievable on a single income.

COL-Adjusted Purchasing Power
$94,206
Solidly middle-class on the median - manageable, but disciplined budgeting is needed to save aggressively or buy a home.

How to Negotiate Your Financial Planner Salary in Chicago

Walk-away anchor: $90,000 (offers below this are below market for Chicago).

Leverage Points

  • Bonus targets and historical payout percentages (ask for last 3 years actual)
  • Profit-share, carry, or AUM-linked compensation for senior roles
  • CFA, CPA, or Series licenses materially shift base compensation
  • Buyout of unvested deferred comp from your current employer

Beyond Base Salary, Negotiate

Guaranteed first-year bonus (especially in IB, PE, hedge funds)Sign-on / make-whole for forfeited deferred compCarried interest or profit-share at PE/HF/VC firmsCFA / Series exam fees and study time off401(k) match and deferred comp plan

What To Say

"I'm walking away from $X in unvested deferred compensation if I leave now. Can we structure the offer with a sign-on that makes me whole, plus a guaranteed first-year bonus floor?"

Anchor on $133K–$166K for experienced roles, citing Chicago market data and your specific CFP designation/tax planning expertise.

Financial Planner Salary FAQ — Chicago

What is the average Financial Planner salary in Chicago, IL?
The average Financial Planner salary in Chicago is $100,800 per year as of April 2026 — $8,400/month, $1,938/week, or about $48/hour. Salaries range from $65,520 (entry, 25th percentile) up to $166,320 (experienced, 90th percentile). Source: BLS Occupational Employment and Wage Statistics adjusted for Chicago's cost-of-living multiplier (1.05×).
Is $100,800 a good Financial Planner salary in Chicago?
Solid above median. Real purchasing power lands comfortably above the national middle-class threshold once cost of living is factored in. Homeownership and meaningful retirement savings are achievable on a single income. Chicago's cost-of-living index is 107 (vs 100 nationally), giving $100,800 a real purchasing power of approximately $94,206 in national terms. Solidly middle-class on the median - manageable, but disciplined budgeting is needed to save aggressively or buy a home.
Can you live on $100,800 in Chicago?
Dual-income households support a comfortable family lifestyle. Single-earner families on the median may need to compromise on neighborhood, square footage, or college savings. Aim for 28-30% of pre-tax income on rent. The classic 30% rule still works here, though housing costs are creeping up faster than wages. For Chicago specifically (median home price $360,000), a $100,800 salary supports a comfortable lifestyle.
Is $100,800 enough for a single person in Chicago?
A single adult in Chicago typically needs ~$48,150 for a comfortable lifestyle (housing, food, transport, healthcare, modest savings). A $100,800 salary is well above that threshold — a single person can live comfortably with significant savings room.
Is $100,800 enough for a couple in Chicago?
A couple (one earner) in Chicago typically needs ~$77,040 for a comfortable lifestyle. A $100,800 salary as the sole household income is sufficient — enabling moderate housing, savings, and discretionary spending. Two earners at $100,800 each ($201,600 household) provides solid middle-class comfort.
Is $100,800 enough for a family of 4 in Chicago?
A family of 4 (one earner) in Chicago typically needs ~$117,700 for a comfortable middle-class lifestyle (housing for 4, childcare/school, food, healthcare, transport, savings). A $100,800 salary as the sole household income is below the comfortable threshold — most families need a second income or to live in cheaper suburbs/exurbs of Chicago. Childcare costs in Chicago typically run $16K-$30K per child per year.
What is the take-home pay for a Financial Planner in Chicago?
On a $100,800 Financial Planner salary in Chicago, IL, you take home approximately $74,221.2 per year ($6,185/month, $2,855 per biweekly paycheck) after taxes. Breakdown: federal $13,878, state $4,989.6, FICA $7,711.2. Effective tax rate: 26.4%. (Single filer, standard deduction, no other adjustments.)
How much do Financial Planners in Chicago earn compared to the US average?
Financial Planners in Chicago earn approximately 5% more than the US national median for this role ($96,000 nationally vs $100,800 in Chicago). However, Chicago's cost-of-living index of 107 means real purchasing power is approximately $94,206 when adjusted for local prices.
What does an entry-level Financial Planner earn in Chicago?
Entry-level Financial Planners in Chicago typically start at around $78,624 (0–2 years experience). With 5+ years, Financial Planners earn $133,056 or more. Top earners (90th percentile) reach $166,320+, typically at senior or lead levels with specialized skills.
Did Financial Planner salaries in Chicago increase in 2026?
Yes — Financial Planner salaries in Chicago grew approximately 410.0% year-over-year, from $19,765 in 2025 to $100,800 in 2026 (+$81,035). This reflects the broader Finance sector's compensation trend, driven by CFP designation and tax planning demand.
What's the job outlook for Financial Planners in Chicago?
Financial planner roles projected to grow 13% through 2034. Aging baby boomers and growing wealth transfer driving strong demand for CFPs. Chicago's top industries include Finance, Manufacturing, Healthcare, and the metro's current unemployment rate is 4.8% — steady demand for skilled workers.
What skills are most in demand for Financial Planners in 2026?
The hottest 2026 skills for Financial Planners are: CFP designation, tax planning, estate planning, fee-only RIA model, financial planning software (eMoney, RightCapital), behavioral finance. ATS systems specifically scan for these keywords. Adding them to your resume — naturally and in context — significantly improves your match rate with employers in Chicago.
Who are the top employers hiring Financial Planners in Chicago?
Top employers hiring Financial Planners in or near Chicago include: Fidelity, Vanguard, Charles Schwab, Edward Jones, Merrill Lynch, Morgan Stanley. Most use ATS software (Workday, Greenhouse, Taleo, iCIMS) to screen resumes — meaning your resume must be ATS-optimized to even get a human reader.
How do I negotiate a higher Financial Planner salary in Chicago?
I'm walking away from $X in unvested deferred compensation if I leave now. Can we structure the offer with a sign-on that makes me whole, plus a guaranteed first-year bonus floor? Key leverage points for Finance negotiations: Bonus targets and historical payout percentages (ask for last 3 years actual); Profit-share, carry, or AUM-linked compensation for senior roles; CFA, CPA, or Series licenses materially shift base compensation. Beyond base salary, negotiate for: Guaranteed first-year bonus (especially in IB, PE, hedge funds), Sign-on / make-whole for forfeited deferred comp, Carried interest or profit-share at PE/HF/VC firms, CFA / Series exam fees and study time off.
How can I increase my Financial Planner salary in Chicago?
Three highest-leverage moves: (1) Add 2026's hot skills (CFP designation, tax planning, estate planning) — they command 15-30% premiums. (2) Get a recognized certification (e.g., Certified Financial Planner (CFP) or ChFC). (3) Tailor your resume to each role's keywords — CVCraft's ATS scanner shows you exactly what's missing.
What education do I need to become a Financial Planner in Chicago?
Bachelor's degree + CFP certification is the typical path. However, Chicago's competitive market increasingly values demonstrable skills, portfolios, and certifications alongside (or in place of) traditional degrees — particularly for Finance roles.

Methodology & Sources

Financial Planner salary figures for Chicago are computed by adjusting the BLS national median ($96,000) by Chicago's cost-of-living multiplier of 1.05× — a composite of regional wage data and price parities. Year-over-year change (410.0%) reflects the Finance sector's 2025-2026 wage growth per BLS Employment Cost Index trends. Last reviewed April 28, 2026.

Data Sources

Related Roles in Chicago

Financial Analyst →Accountant →Real Estate Agent →

Financial Planner Salary in Other Cities

Houston, TX$101KPhiladelphia, PA$100KDallas, TX$101KFort Worth, TX$98KCharlotte, NC$98KSacramento, CA$104KAtlanta, GA$101KRaleigh, NC$101K

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