Compensation and Benefits Managers Salary

Yes — at the median salary of $152K, rent takes 15.8% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,407/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new compensation and benefits managers typically earn — is $78K/year. Take-home on that works out to about $4,705/month. At HUD’s $1,407/month FMR, rent would take 30% of that take-home — manageable on an entry-level income.

Pay here is roughly in line with the national average — $152K locally vs. $149K nationally, a 2% difference.

Illinois pays $152K median vs. the U.S. average of $149K — that’s +2%. After adjusting for local cost of living (RPP 93.85), the purchasing-power equivalent is $162K — still ahead of the national median.

The median is $151,730 a year, that works out to about $73 an hour. But the range is wide: entry-level workers start around $78,420, and experienced compensation and benefits managers can clear $235,730. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $8,913/month after taxes. A 2-bedroom here rents for about $1,407/month, which eats 15.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

Illinois has a Regional Price Parity of 93.85 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median compensation and benefits managers salary is worth about $161,673 in national-average purchasing power.

The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.