Idea Realization Lab Salary

How much does the Idea Realization Lab Pay for employees?

As of August 2026, the average annual salary for employees at Idea Realization Lab in the United States is $99,932. This translates to an approximate hourly wage of $48. Salaries at Idea Realization Lab typically range from $87,741 to $113,403 annually, reflecting the diverse roles and experience levels within the company. Idea Realization Lab’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Idea Realization Lab

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Is Idea Realization Lab’s Pay Competitive? Salary Benchmarking Analysis

How does Idea Realization Lab’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Idea Realization Lab
Healthcare
Care Plus TLC
US DENTAL LABORATORY CO., INC Inc
Industry Comparison
Our data shows that, on average, compensation at Idea Realization Lab is below the average for the U.S. Healthcare industry by approximately 18%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Idea Realization Lab average annual salary with several similar companies. Idea Realization Lab average salary of $99,932 is higher than Care Plus TLC, which has an average salary of $91,630. It is lower than US DENTAL LABORATORY CO., INC Inc, with their average salary at $104,742. This places Idea Realization Lab in a mid-range position among its peers.
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Employee Reviews: Working at Idea Realization Lab

Considering a career at Idea Realization Lab? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
I always feel confident in their knowledge and grateful for their thoughtful approach to health. Opportunities to grow across departments and advance your healthcare career. Management actively promotes a culture of respect and kindness among all staff members. Working for this healthcare system has been incredibly rewarding.
For self-insured employers, they provide both cost control and quality assurance. The organization’s patient-first approach is reflected in everything we do. The company has heart—and it shows in both our work and how we treat each other internally. The kindness and competence are consistent and truly appreciated. Staff seem overworked, yet still do their best. Interdepartmental communication vari...
Training and mentorship programs help you develop both technical and soft skills. I’ve never felt more professionally competent or personally fulfilled than I do in this role. The pace is moderate, and while systems are in place, they’re not always streamlined. My role is straightforward and the workload is consistent.

Idea Realization Lab Overview

Website
www.irl.depaul.edu
Founded In
2017
Employees
50 - 100 employees
Industry
Healthcare
Headquarter Address
14 E Jackson Blvd Chicago Illinois IL 60604
Revenue
$5 Million - $10 Million
Phone Number
+1 3123621451
Social Media
About Idea Realization Lab
The Idea Realization Lab is a resource available to the entire DePaul University community, from students to alumni, faculty, and staff. We provide machines, tools, and materials at no cost, and offer workshops to teach visitors how to use the equipment safely. Our goal is to foster a spirit of collaboration and to promote creativity across the campus and throughout the city of Chicago.

What Benefits Does Idea Realization Lab Offer Beyond Salary?

A competitive compensation package is more than just a salary. Idea Realization Lab offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Idea Realization Lab.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Idea Realization Lab, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Idea Realization Lab salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Idea Realization Lab

1. What is the average salary for employees at Idea Realization Lab?

The average annual total compensation for employees at Idea Realization Lab is approximately $99,932. However, this is an aggregate figure, actual salaries can range significantly, typically from $87,741 to $113,403, depending on factors like job role, experience, and location.

2. How much does Idea Realization Lab pay compared to Care Plus TLC?

The average annual salary at Idea Realization Lab is $99,932, or an hourly wage of $48, in comparison to Care Plus TLC which pays $91,630 per year or $44 per hour.

3. How does having a professional certification impact salary for relevant roles at Idea Realization Lab?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Idea Realization Lab for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Idea Realization Lab offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?

While some companies offer formal COLA, many, including potentially Idea Realization Lab, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Idea Realization Lab?

Most companies, likely including Idea Realization Lab, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.