Salary AI Book a Demo
upper level job

Paralegal V Salary in Byron, IL

How much does a Paralegal V make in Byron, IL?

As of August 01, 2026, the average salary for a Paralegal V in Byron, IL is $143,916 per year, which breaks down to an hourly rate of $69.

However, a Paralegal V's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $158,052
  • Majority Range (25th-75th percentile): $135,137 to $151,316
  • Entry-Level (10th percentile): $127,145
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Paralegal V Salaries

A Paralegal V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Paralegal V Salaries?

Experience is a primary driver of a Paralegal V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Paralegal III (4-7 years): $89,730
  • Paralegal IV (7+ years): $112,264
  • Paralegal V (7-10 years): $143,916
  • Paralegal Supervisor (10+ years): $90,162
  • Paralegal Manager (10+ years): $114,887
Job Role Years of Experience Average Salary
Paralegal III4-7 years$89,730
Paralegal IV7+ years$112,264
Paralegal V7-10 years$143,916
Paralegal Supervisor10+ years$90,162
Paralegal Manager10+ years$114,887
View as Graph

Top Paying Cities for Paralegal V

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $188,847
  • San Francisco: $186,779
  • Oakland: $182,843

Paralegal V Salary by Company Size: Startups vs. Enterprise

Paralegal V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $161,106. While startup companies pay approximate $136,292.

Paralegal V Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $136,292
Growth Stage 51~500 $144,145
Established 501~5000 $155,576
Enterprise 5000+ $161,106

Paralegal V Salary by Industry: Top Paying Sectors

For Paralegal V roles, the industry you choose can affect earning potential by as much as 110% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Financial Services sectors offer the strongest compensation, at 60% above the average. In contrast, Paralegal positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Paralegal V as a support function rather than a direct revenue driver.

The top paying industries for a Paralegal V

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Software & Networking$239,558$115.060%
Financial Services$224,586$108.050%
Pharmaceuticals$209,614$101.040%
Biotechnology$194,641$94.030%
Internet$179,669$86.020%

Paralegal V Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Paralegal V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026
$135,137
Average $143,916/year
$151,316
$11,261
Average $11,993/month
$12,610
$2,599
Average $2,768/week
$2,910
$65
Average $69/hour
$73
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $151,316 $12,610 $2,910 $73
Average $143,916 $11,993 $2,768 $69
25th Percentile $135,137 $11,261 $2,599 $65

Paralegal V Salary Growth & Career Path

Paralegal V

Next Role

Advancement

For a Paralegal V, the most direct path to higher earnings is advancing to the Paralegal Supervisor role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $90,162 - a projected growth of -37% over your current level.

Find Your Next Paralegal V Job

Ready to take the next step in your career? Browse thousands of current Paralegal V job openings on our job board. Use the search bar below to find your perfect match.

For Employees

Analyze the market and your qualifications to negotiate your salary with confidence.

Get a Salary Increase

Search thousands of open positions to find your next opportunity.

Search Job Openings

For Employers

Individualize employee pay based on unique job requirements and personal qualifications.

Adjust Employee Salary

Get the latest market price for benchmark jobs and jobs in your industry.

Price My Industry Jobs

Cost of Living In Byron, IL

Cost of Living in Byron, IL is
-5.4% Lower
than the National Average

Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Explore Cost of Living Calculator
Empower Your Team

Salary.com experts will help you thrive your workplaces.

Find Salary.com Comp Consulting
See Salary Trends in 2025

Salary.com provides salary survey data for thousands of industry Jobs.

Price Your Company Jobs and Make Pay Fair

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
lower level job