Nurse Midwives Salary

Yes — at the median salary of $121K, rent takes 19.3% 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 nurse midwives typically earn — is $58K/year. Take-home on that works out to about $3,492/month. At HUD’s $1,407/month FMR, rent would take 40% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Pay here is roughly in line with the national average — $121K locally vs. $134K nationally, a 10% difference.

Illinois pays $121K median vs. the U.S. average of $134K — that’s -10%. After adjusting for local cost of living (RPP 93.85), the purchasing-power equivalent is $129K — below the national median.

The median is $120,840 a year, that works out to about $58 an hour. But the range is wide: entry-level workers start around $58,200, and experienced nurse midwives can clear $156,920. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $7,280/month after taxes. A 2-bedroom here rents for about $1,407/month, which eats 19.3% 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 nurse midwives salary is worth about $128,759 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.