SOC 11-3031

Financial Manager Salary in Champaign-Urbana, IL (2026)

Data updated · Sources: BLS OEWS May 2025, HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology

Tax Tables: 2026 Fed + IL
COL Index: 108.18 (+8.2% vs US)
Net Compensation Yield 68.0% Realized
$86,881 / net annual direct deposit
Gross Adjusted $127,680 $61.38/hr
Effective Tax Drag 25.95% Combined Jurisdictions
Marginal Top Bracket 22% Federal Statutory
Total Withheld -$33,138 $1,274.54/check
Category 1 of 6

Wage Benchmarking & After-Tax Paycheck Engine

Dynamic statutory tax calculations based on IRS Publication 15-T and state statutory schedules.

$
2,080 annual statutory base hours $61.38 / hour
0 hrs/wk (+$0/yr)
0 hrs (Standard) 10 hrs OT 20 hrs OT 25 hrs Max
6% (-$7,661/yr)
0% Tax Shield: ~$1,685/yr 15% (IRS limit: $24,500)
Itemized Statutory Withholdings Ledger
Federal Income Tax (IRS)
Progressive 10%–37%
-$17,574
Social Security (FICA OASDI)
Statutory 6.20% (Cap $184,500)
-$7,916
Medicare Hospital Insurance
Statutory 1.45%
-$1,851
Illinois Individual Income Tax
State Marginal Bracket
-$5,796
Net Take-Home Annual Realized
$86,881 ($3,341.59 / check)
Category 2 of 6

Champaign-Urbana, IL Financial Manager Wage Distribution

Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) Percentiles & Career Ladders

Your Salary: $127,680
MIDDLE 50% (IQR RANGE) 10th $80.6k 25th $101k Median: $127,680 50th (Median) $128k 75th $164k 90th $217k You: $127,680
10th (Entry) $80,570 $38.74/hr
25th (Junior) $101,260 $48.68/hr
50th (Median) $127,680 $61.38/hr
75th (Senior) $164,090 $78.89/hr
90th (Lead/Master) $216,920 $104.29/hr
Career Progression & Licensing Milestones for Financial Manager in Champaign-Urbana, IL
1
Senior Financial AnalystBachelor's degree (most common O*NET requirement); entry into the field
$72,283$34.75/hr · 0-2 Years
2
Assistant Finance ManagerDemonstrated results in role; works independently on core responsibilities; CPA or CFA designation
$96,199$46.25/hr · 2-5 Years
3
Financial ManagerFull professional competence; leads projects or a small team
$127,703$61.40/hr · 5-9 Years
4
Senior Finance ManagerOwns budget, hiring and outcomes for a department or large program
$168,635$81.07/hr · 9-14 Years
5
Vice President of FinanceExecutive or principal scope; sets strategy across the organization or profession
$247,817$119.14/hr · 14+ Years
Scaled to the Champaign-Urbana, IL medianView National Financial Manager Salary Data
Adjacent Career Pivots & National Pay Differences
Accountants and Auditors-$82,890/yr
National median: $83,680
Skill overlap: 91%View Salary
Personal Financial Advisors-$61,500/yr
National median: $105,070
Skill overlap: 90%
Loan Officers-$89,880/yr
National median: $76,690
Skill overlap: 90%
Credit Analysts-$83,060/yr
National median: $83,510
Skill overlap: 84%
Category 3 of 6

HUD Fair Market Rent & EPI Living Wage Affordability Index

Evaluating housing affordability vs. net take-home pay in Champaign-Urbana, IL under the HUD 30% housing cost guideline.

Rent-to-Take-Home Ratio (HUD 30% Standard)
14% of Net Income
✓ Passes 30% Housing Affordability Standard
HUD Fair Market Rent (1-Bedroom) $996/month Requires minimum annual gross of $39,840
HUD Fair Market Rent (2-Bedroom) $1,173/month Requires minimum annual gross of $46,920
Hourly Living Wage Benchmark (EPI model)
1 Adult Earner: $23.93/hr
Per adult, 2 working adults + 1 child: $23.59/hr
Category 4 of 6

Hourly Wage to Annual & Overtime Matrix

Translating base hourly pay and 1.5× overtime into net take-home pay based on 2,080 annual work hours in Champaign-Urbana, IL.

Swipe horizontally to inspect full pay schedule
Schedule Total Hours/Wk Gross Annual Est. Taxes Net Take-Home Bi-Weekly Check
Standard (40 hrs)40 hrs$127,680-$33,138$86,881$3,341.59
+5h Overtime/Wk45 hrs$151,620-$41,448$101,074$3,887.47
+10h Overtime/Wk50 hrs$175,560-$49,795$115,232$4,431.99
+15h Overtime/Wk55 hrs$199,500-$57,211$130,319$5,012.27
+20h Overtime/Wk60 hrs$223,440-$64,284$145,750$5,605.76
Category 5 of 6

Interstate MSA Relocation & State Tax Migration Comparator

Calculate required compensation, cost-of-living differences, and annual state/local tax savings between two metropolitan areas.

Equivalent Salary in Austin, TX $83,505 Cost of Living Ratio: 69.6%
Annual State & Local Tax Delta +$8,331/yr Tax savings in Austin-Round Rock-San Marcos, TX
Annual Rent Difference (1BR) -$17,676/yr Based on HUD Fair Market Rents
Net Discretionary Cash Flow Impact

Combining state tax savings and annual rent variance when relocating from San Francisco-Oakland-Fremont, CA to Austin-Round Rock-San Marcos, TX.

+$26,007/year
Category 6 of 6 · Executive Economic Briefing
2026 Fiscal Intelligence

Financial Manager in Champaign-Urbana, IL: Compensation & Purchasing Power Briefing (2026)

Estimates compiled from BLS OEWS wages, IRS 2026 withholding rules, HUD Fair Market Rents, and Illinois tax codes.

Market Baseline
$127,680/yr
$61.38/hr · SOC 11-3031
Statutory Tax Drag
25.95% Effective
-$33,138 in Total Taxes
HUD 1BR Shelter Ratio
14% Net Pay
✓ Passes 30% HUD Rule
Monthly Discretionary
+$6,244/mo
Post-$996/mo 1BR Rent

Key Economic & Compensation Takeaways

Statutory Withholding Architecture

Frequently Asked Questions

Verified Government Data Sources & Statutory Attribution

Wages sourced from US Bureau of Labor Statistics (BLS OEWS). Rents calibrated to HUD Fair Market Rents. Tax schedules calibrated to IRS IRC Title 26, IRS Pub 15-T, and state statutory revenue codes.

BLS OEWS May 2025 HUD FY2027 FMR IRS 15-T
Metro Pay Comparison SOC 11-3031
2026 Statutory Thresholds
  • Federal Standard Deduction (Single) $16,100
  • FICA OASDI Wage Base Cap $184,500
  • Pre-Tax 401(k) Elective Deferral $24,500
  • HSA Individual Annual Limit $4,400

Financial Manager in Champaign-Urbana, IL: Market Snapshot

Financial Manager roles in Champaign-Urbana, IL report a median annual wage of $127,680, 23.3% below the national median of $166,570. The 10th to 90th percentile band runs from $80,570 to $216,920, and HUD’s $996 monthly one-bedroom fair market rent equals 9.4% of that median gross pay. The single-adult living wage benchmark for the area is $23.93 per hour.

Highest-paying metropolitan areas for Financial Manager

Metropolitan areaMedian annual wageVs this market
San Jose-Sunnyvale-Santa Clara, CA$225,280+76.4%
New York-Newark-Jersey City, NY-NJ$221,010+73.1%
San Francisco-Oakland-Fremont, CA$216,150+69.3%
Bridgeport-Stamford-Danbury, CT$211,000+65.3%
Boston-Cambridge-Newton, MA-NH$209,780+64.3%
Denver-Aurora-Centennial, CO$193,400+51.5%
Boulder, CO$192,970+51.1%
Seattle-Tacoma-Bellevue, WA$185,550+45.3%
Washington-Arlington-Alexandria, DC-VA-MD-WV$185,270+45.1%
Trenton-Princeton, NJ$184,800+44.7%

Top-paying occupations benchmarked in Champaign-Urbana, IL

OccupationMedian annual wageMedian hourly
Chief Executives$310,740$149.39/hr
Architectural and Engineering Managers$148,250$71.27/hr
Computer and Information Systems Managers$140,480$67.54/hr
Physician Assistant$139,950$67.28/hr
Nurse Practitioner$137,100$65.91/hr
Medical and Health Services Managers$124,830$60.01/hr
Industrial Production Managers$122,600$58.94/hr
Human Resources Managers$121,390$58.36/hr
Sales Managers$120,230$57.80/hr
Purchasing Managers$117,450$56.47/hr

Wage data: U.S. Bureau of Labor Statistics OEWS May 2025, 390 metropolitan areas publishing this occupation; HUD FY2027 Fair Market Rents; EPI Family Budget Calculator. Taxes use 2026 federal and state rules. Data last updated .

Regional Labor Market & Career Mobility Network

Explore adjacent occupations and neighboring metropolitan wage benchmarks for peer compensation analysis.

Financial Manager Salary in Champaign-Urbana, IL (2026) Overview

Financial Manager median pay in Champaign-Urbana, IL is $127,680 a year ($61.38/hr). See take-home pay after 2026 taxes, BLS wage percentiles, HUD rents. Official 2026 economic data for Financial Manager in Champaign-Urbana, IL compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.

Quick answers
What is the median salary for a Financial Manager in Champaign-Urbana, IL?

The median annual wage is $127,680 ($61.38 per hour). The middle 80% of earners make between $80,570 and $216,920. Source: BLS OEWS (May 2025).

What is the take-home pay for a Financial Manager in Champaign-Urbana, IL after taxes?

On the median wage of $127,680, a single filer with no pre-tax deductions takes home about $92,360 a year ($7,697 a month) after $35,320 in federal, FICA, state and local taxes, an effective rate of 27.66%, using 2026 tax rules.