How to Become a Economists in Illinois
Economists in Illinois earn a median salary of $112,790/year, which is 2% below the national average. Illinois has a state income tax of ~4.9%. After taxes and rent, a economists takes home approximately $5,434/month. Most positions require Bachelor's degree.
What a economists can afford in Illinois
Becoming a economists in Illinois
Meet education requirements
Economists positions in Illinois typically require Bachelor's degree. Programs are available at colleges and training institutions across Illinois. Research accredited programs in your area.
Gain required experience
Many economists positions in Illinois require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Illinois licensure or certification
Illinois may require specific licensing or professional certification for economistss. Requirements vary by state — contact the Illinois Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Illinois
Illinois employs 590 economists. The highest concentrations are in Chicago-Naperville-Elgin.
Economists salary by metro area in Illinois
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Chicago-Naperville-Elgin | $123K | $59.2/hr | 470 |
Economists salary range in Illinois
Economists careers in other states
Frequently asked questions
How much does a economists make in Illinois?▼
The median economists salary in Illinois is $112,790 per year ($54.23/hr). This is 2% below the national median of $115,440. Salaries range from $66,930 to $225,440.
What are the requirements to become a economists in Illinois?▼
Economists positions in Illinois typically require Bachelor's degree. Illinois may have specific licensing or certification requirements. Check with the Illinois licensing board or department of labor for current requirements.
Can a economists afford to live in Illinois?▼
At the median salary of $112,790, a economists in Illinois would take home approximately $6,846/month after taxes. With median 2-bedroom rent at $1,412/month, that's 20.6% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for economists in Illinois?▼
The highest paying metro areas for economists in Illinois are Chicago-Naperville-Elgin ($123,140). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Illinois have state income tax for economists?▼
Yes, Illinois has a state income tax rate of approximately 4.9%. On a $112,790 salary, this means roughly $5,583/year in state income tax. Use our take-home pay calculator for a detailed breakdown.