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As of August 01, 2026, the average salary for a Software Product Manager in Illinois is $131,926 per year, which breaks down to an hourly rate of $63.
However, a Software Product Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Software Product Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $144,407 | $12,034 | $2,777 | $69 |
| Average | $131,926 | $10,994 | $2,537 | $63 |
| 25th Percentile | $122,887 | $10,241 | $2,363 | $59 |
Sharp Electronics - Downers Grove, IL
MedPro Disposal - Naperville, IL
Weiman Products LLC - Gurnee, IL
Hunter Foundry Machinery Corporation LLC - Schaumburg, IL
A Software Product Manager'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 Software Product Manager'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 M... Level Software Product Manager | $79,680 |
| Product M... Level Software Product Manager | $108,820 |
| Software ... Level Software Product Manager | $131,008 |
| Product M... Level Software Product Manager | $145,868 |
| Product M... Level Software Product Manager | $178,592 |
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 Software Product Managers. 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 Software Product Manager 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 Internet and Biotechnology sectors offer the strongest compensation, at 25% above the average. In contrast, Software Product Manager positions in Hospitality & Leisure or Transportation typically offer lower base pay, as these industries often view Software Product Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Internet | $164,907 | $79.0 | 25% |
| Biotechnology | $158,311 | $76.0 | 20% |
| Healthcare | $151,715 | $73.0 | 15% |
| Energy & Utilities | $145,119 | $70.0 | 10% |
| Financial Services | $145,119 | $70.0 | 10% |
Understanding how a Software Product Manager'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 | $144,407 | $12,034 | $2,777 | $69 |
| Average | $131,926 | $10,994 | $2,537 | $63 |
| 25th Percentile | $122,887 | $10,241 | $2,363 | $59 |
Ready to take the next step in your career? Browse thousands of current Software Product Manager job openings on our job board. Use the search bar below to find your perfect match.
Rush Street Interactive
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Rush Street Interactive | Chicago, IL
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247Hire
Burbank, IL
247Hire | Burbank, IL
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The Chamberlain Group
Oak Brook, IL
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Complete Staffing Solutions
Chicago, IL
Complete Staffing Solutions | Chicago, IL
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beDirect GmbH
Downers Grove, IL
beDirect GmbH | Downers Grove, IL
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