As of March 01, 2025, the average annual salary for a Compensation and Benefits Analyst V in Illinois is $174,131. Salary.com reports that pay typically ranges from $153,694 to $193,296, with most professionals earning between $135,088 and $210,745.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $188,950 | $15,746 | $3,634 | $91 |
| Average | $170,216 | $14,185 | $3,273 | $82 |
| 25th Percentile | $150,239 | $12,520 | $2,889 | $72 |
An entry-level Compensation and Benefits Analyst V with under 1 year experience makes about $165,520. With less than 2 years of experience, a mid-level Compensation and Benefits Analyst V makes around $166,947. After 2-4 years, the Compensation and Benefits Analyst V pay rises to about $168,374. Those senior Compensation and Benefits Analyst V with 5-8 years of experience earn roughly $171,229, and those Compensation and Benefits Analyst V having 8 years or more experience are expected to earn about $174,083 on average.
| Levels | Salary |
|---|---|
| Entry Level Compensation and Benefits Analyst V | $165,520 |
| Intermediate Level Compensation and Benefits Analyst V | $166,947 |
| Senior Level Compensation and Benefits Analyst V | $168,374 |
| Specialist Level Compensation and Benefits Analyst V | $171,229 |
| Expert Level Compensation and Benefits Analyst V | $174,083 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 1% |
| Top Level | 1% |
| Experienced | 2% |
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Compensation and Benefits Analyst V salary varies from city to city. Compared with national average salary of Compensation and Benefits Analyst V, the highest Compensation and Benefits Analyst V salary is in San Francisco, CA, where the Compensation and Benefits Analyst V salary is 25.0% above. The lowest Compensation and Benefits Analyst V salary is in Miami, FL, where the Compensation and Benefits Analyst V salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $212,770 |
25.0%
|
| Washington, DC | $189,450 |
11.3%
|
| Miami, FL | $164,258 |
|
| Chicago, IL | $178,557 |
4.9%
|
| Boston, MA | $190,812 |
12.1%
|
| New York, NY | $198,812 |
16.8%
|
