Where is Theory Chicago located?

Theory Chicago is headquartered in Chicago, Illinois, but may have operations in other locations within the Hospitality & Leisure sector.

What industry is Theory Chicago in?

Theory Chicago operates in the Hospitality & Leisure industry.

Theory Chicago Hourly Pay Rate & Wages

Q: What does Theory Chicago do?

According to the company's overview, Theory is a sports lounge that prides itself on being better than your typical sports bar when it comes to food, service, and comfort.

Theory Chicago Salary

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Salary at Theory Chicago

Current Job Openings at Theory Chicago

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Is Theory Chicago’s Pay Competitive? Salary Benchmarking Analysis

How does Theory Chicago's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
V5 Online	$47	+2.2%	Aligns perfectly with prevailing regional benchmarks for this specific job family.
Butch McGuire	$47	+1.8%	Confirms Butch McGuire is a direct competitor vying for the exact same talent pool.
The Bar Below	$48	+2.4%	Reflects stabilized pricing equilibrium for commercial construction roles in this region.
UrbanMatter Inc	$47	+1.9%	Suggests UrbanMatter Inc utilizes a highly similar base-plus-benefits compensation model.
Hospitality & Leisure Industry	$59	+26.9%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Companies Similar to Theory Chicago and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Theory Chicago. Click a company name to learn more.

V5 Online

$47 / hour

Salary Range: $42 - $54

Lyons, IL

Butch McGuire

$47 / hour

Salary Range: $42 - $54

Chicago, IL

The Bar Below

$48 / hour

Salary Range: $42 - $54

Chicago, IL

UrbanMatter Inc

$47 / hour

Salary Range: $42 - $54

Chicago, IL

Fat Head's Ltd

$44 / hour

Salary Range: $38 - $49

Middleburg Heights, OH

Jon Ryan's Pubs

$48 / hour

Salary Range: $42 - $54

Tewksbury, MA

Iron Works

$46 / hour

Salary Range: $41 - $53

Warwick, RI

Drinkworks

$48 / hour

Salary Range: $42 - $55

Ultimo, MA

King Street Oyster Bar

$50 / hour

Salary Range: $44 - $56

Leesburg, VA

Employee Reviews: Working at Theory Chicago

Considering a career at Theory Chicago? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

There are regular team outings and incentives for high performers. A wonderful workplace. The leadership team is transparent, holding regular town halls to keep everyone informed. It’s a solid choice for those seeking stable hospitality work. The company fosters a collaborative environment where ideas are valued.

Commented in May 19, 2025

Colleagues are helpful, and management is reasonable. For anyone looking to thrive in hospitality, this is an excellent choice. I love the dynamic environment here—no two days are the same. This company is amazing to work for. The benefits are standard, but reliable.

Commented in November 25, 2024

My experience has been stable. The company values work-life balance, which is amazing. Seeing guests enjoy their experience makes the work fulfilling. It’s a decent place to work if you value consistency. The travel benefits are exceptional, allowing employees to experience different properties at discounted rates. It’s a suitable workplace for those who prefer routine in the hospitality sector. A...

Commented in November 12, 2024

While the hospitality sector can be fast-paced, the management ensures staff aren’t overwhelmed. The teams are well-organized, and communication between departments is effective. There are plenty of opportunities for skill development, and the team is collaborative. Overall, it’s a well-run organization with great people and opportunities for those passionate about hospitality. Benefits like flexi...

Commented in September 16, 2024

Enjoy the dynamic work environment. Management listens to feedback and implements positive changes. Positive atmosphere with good teamwork. I’ve gained valuable experience in customer service and operations. Coworkers are easy to collaborate with, and management is reasonable.

Commented in March 25, 2024

Theory Chicago Overview

Website

www.theorychicago.com

Founded In

2008

Employees

25 - 50 employees

Industry

Hospitality & Leisure

Headquarter Address

9 W Hubbard St Chicago Illinois IL 60610

Revenue

$5 Million - $10 Million

Phone Number

+1 3126440004

About Theory Chicago

Theory is a sports lounge that prides itself on being better than your typical sports bar when it comes to food, service, and comfort. Theory has a life of its own that matches the pulse of the River North neighborhood around the clock. During the day, meet colleagues and entertain clients in our generous yet cozy space. After work, gather here to catch the big game, or chat with friend old and ne

What Benefits Does Theory Chicago Offer Beyond Salary?

A competitive compensation package is more than just a salary. Theory Chicago offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

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How Much Should You Be Earning?

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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Theory Chicago.

Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Theory Chicago, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$1,700 - $2,600+	A significant portion of Theory Chicago salary. Location choices impact this heavily.
Utilities (Basic)	$140 - $230	Electricity, Heating, Cooling, Water etc.
Public Transportation	$105 (CTA 30-day pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$430 - $640	Can be higher with more dining out or specialty stores.
Personal & Leisure	$450 - $800+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$400 - $750+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$3,225 - $5,025+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Theory Chicago

1. What is the typical salary range (low to high) for most roles at Theory Chicago?

The typical salary range for most roles at Theory Chicago is approximately from $41 to $53 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Theory Chicago pay compared to V5 Online?

The average annual salary at Theory Chicago is $96,556, or an hourly wage of $46, in comparison to V5 Online which pays $98,687 per year or $47 per hour.

3. How does experience level affect salary at Theory Chicago?

Experience level is a significant factor in determining salary at Theory Chicago, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Theory Chicago in Chicago is fair given the local cost of living?

To determine if a salary offer from Theory Chicago in Chicago is fair, first compare the gross salary to our data for similar roles at Theory Chicago and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.

5. Why might an individual's actual salary at Theory Chicago differ from the ranges shown here?

An individual's actual salary at Theory Chicago can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.