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As of August 01, 2026, the average salary for a Product Development Analyst in Illinois is $106,377 per year, which breaks down to an hourly rate of $51.
However, a Product Development Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Product Development Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $117,017 | $9,751 | $2,250 | $56 |
| Average | $106,377 | $8,865 | $2,046 | $51 |
| 25th Percentile | $95,257 | $7,938 | $1,832 | $46 |
PURE Insurance - Chicago, IL
Alliant Credit Union - Chicago, IL
Middle River Power, LLC. - Chicago, IL
Medline Industries - Techny, IL
A Product Development 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 Development 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 |
|---|---|
| Product D... Level Product Development Analyst | $74,609 |
| Product D... Level Product Development Analyst | $87,857 |
| Product D... Level Product Development Analyst | $105,595 |
| Product D... Level Product Development Analyst | $135,664 |
| Product D... Level Product Development Analyst | $163,594 |
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 Development 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 Development Analyst roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Energy & Utilities sectors offer the strongest compensation, at 20% above the average. In contrast, Product Development Analyst positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Product Development Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $127,653 | $61.0 | 20% |
| Energy & Utilities | $127,653 | $61.0 | 20% |
| Software & Networking | $127,653 | $61.0 | 20% |
| Financial Services | $122,334 | $59.0 | 15% |
| Pharmaceuticals | $122,334 | $59.0 | 15% |
Understanding how a Product Development 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 | $117,017 | $9,751 | $2,250 | $56 |
| Average | $106,377 | $8,865 | $2,046 | $51 |
| 25th Percentile | $95,257 | $7,938 | $1,832 | $46 |
Ready to take the next step in your career? Browse thousands of current Product Development Analyst job openings on our job board. Use the search bar below to find your perfect match.
IDEX
Wheeling, IL
IDEX | Wheeling, IL
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West Chicago, IL
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Job Description. Job Description. Description. Note: This is a Marketing Product Development role. Title: Product Manager. Summary. Reporting to the Direct... more
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Chicago, IL
fairlife | Chicago, IL
Job Description. Job Description. fairlife, LLC is a Chicago-based nutrition company that creates great-tasting, nutrition-rich and dairy products to nouri... more
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West Chicago, IL
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Job Description. Job Description. Description. The Global Director of Product Development provides strategic leadership for Ball FloraPlant's Product Devel... more
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Dairy Management Inc.
Rosemont, IL
Dairy Management Inc. | Rosemont, IL
Job Description. Job Description. Rosemont, Illinois, United States | In-office Tuesday through Thursday. Visa sponsorship and relocation are not available... more
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Amphenol HSIO
Schaumburg, IL
Amphenol HSIO | Schaumburg, IL
Job Description. Job Description. Amphenol Communications Solutions (ACS), a division of Amphenol Corporation, is a world leader in interconnect solutions ... more
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