As of April 01, 2026, the average annual salary for Economic Development in Chicago, IL is $81,272, equivalent to $39 per hour, $1,563 weekly, or $6,773 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Economic Development in cities like Santa Clara, San Jose, and Fremont.

Annually Salaries for Economic Development in Chicago, IL vary widely, spanning from $65,766 to $91,092. Most professionals fall between the 25th percentile ($73,156) and 75th percentile ($86,412), while top earners (90th percentile) make $91,092 per year. This $13,256 pay gap underscores opportunities for salary growth through certifications, specialized skills like Analysis or Forecasting, or targeting high-paying regions like District of Columbia or California.

Location and experience significantly influence earnings. For example, Chicago Economic Development often earn 1.4% higher than national averages. However, Chicago currently ranks 264 statewide for Economic Development job salary. Professionals are advised to focus on high-growth sectors like to offset market challenges.

Based on HR-reported data: a national average with a geographic differential
Economic Development Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Economic Development Salary $65,766 Chicago, IL April 01, 2026
25th Percentile Economic Development Salary $73,156 Chicago, IL April 01, 2026
50th Percentile Economic Development Salary $81,272 Chicago, IL April 01, 2026
75th Percentile Economic Development Salary $86,412 Chicago, IL April 01, 2026
90th Percentile Economic Development Salary $91,092 Chicago, IL April 01, 2026
25% $73,156 10% $65,766 90% $91,092 75% $86,412 $81,272 50%(Median) Didn’t find job title? Click
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Economic Development

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Job Openings for Economic Development in Chicago, IL

Career Path for this job

  1. This Job:

    Economic Development

    2 - 4 years experience
    Bachelor's Degree

  2. Up a level:

    Economics Analyst II

    4 - 7 years experience
    Bachelor's Degree

Understand the total compensation opportunity for an Economic Development, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
73156
86412
81272

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
72841
98796
85569
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Economic Development in Chicago, IL. The base salary for Economic Development ranges from $73,156 to $86,412 with the average base salary of $81,272. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $72,841 to $98,796 with the average total cash compensation of $85,569.

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73156
86412

 

About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago

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