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As of August 01, 2026, the average salary for a Product Research Analyst in Illinois is $59,256 per year, which breaks down to an hourly rate of $28.
However, a Product Research Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Product Research Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $66,899 | $5,575 | $1,287 | $32 |
| Average | $59,256 | $4,938 | $1,140 | $28 |
| 25th Percentile | $53,312 | $4,443 | $1,025 | $26 |
The University of Chicago - Chicago, IL
BISCO, Inc. - Schaumburg, IL
Chicago Trading Company - Chicago, IL
Old Mission Capital - Chicago, IL
A Product Research Analyst'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.
Experience is a primary driver of a Product Research Analyst'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:
| Levels | Salary |
|---|---|
| Contact C... Level Product Research Analyst | $52,606 |
| Product R... Level Product Research Analyst | $59,669 |
| Contact C... Level Product Research Analyst | $72,370 |
| Contact C... Level Product Research Analyst | $78,472 |
| Contact C... Level Product Research Analyst | $111,562 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Product Research Analysts. For example, consider the average annual salaries in these key locations:
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:
For Product Research Analyst roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 20% above the average. In contrast, Product Research Analyst positions in Biotechnology or Transportation typically offer lower base pay, as these industries often view Product Research Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $71,108 | $34.0 | 20% |
Understanding how a Product Research Analyst'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $66,899 | $5,575 | $1,287 | $32 |
| Average | $59,256 | $4,938 | $1,140 | $28 |
| 25th Percentile | $53,312 | $4,443 | $1,025 | $26 |
Ready to take the next step in your career? Browse thousands of current Product Research Analyst job openings on our job board. Use the search bar below to find your perfect match.
SYLVER CONSULTING LLC
Evanston, IL
SYLVER CONSULTING LLC | Evanston, IL
Job Description. Job Description. Location. Evanston, IL (Hybrid – 1 day/month in-office). Compensation. $37,000 – $42,000 base salary + performance-based ... more
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Endeavor Health
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Research Financial Analyst. Hourly Pay Range: $32.60 - $48.90 - The hourly pay rate offered is determined by a candidate's expertise and years of experienc... more
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The Aparecio Foundation, NFP
Chicago, IL
The Aparecio Foundation, NFP | Chicago, IL
Research Analyst / Business Strategist Intern. The Aparecio Foundation is a nonprofit organization that was designed as an economic development strategy to... more
9 Days Ago
Alliant Credit Union
Chicago, IL
Alliant Credit Union | Chicago, IL
Job Description. Job Description. The Product Analyst helps shape how members experience Alliant every day, by using data to spotlight what’s working, what... more
11 Days Ago
Alliant Credit Union
Chicago, IL
Alliant Credit Union | Chicago, IL
Job Description. Job Description. Lead product analytics efforts supporting Alliant Credit Union. Serve as a strategic partner to product management by est... more
8 Days Ago
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Chicago, IL
Complete Staffing Solutions | Chicago, IL
Job Description. Job Description. The Senior Product Analyst supports the delivery, enhancement, and operationalization of enterprise data products within ... more
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