Risk Management Specialist Salary in Chicago-Naperville-Elgin, IL-IN
Data updated · Sources: BLS OEWS May 2025, HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology
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Chicago-Naperville-Elgin, IL-IN Risk Management Specialist Wage Distribution
Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) Percentiles & Career Ladders
HUD Fair Market Rent & EPI Living Wage Affordability Index
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Hourly Wage to Annual & Overtime Matrix
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Combining state tax savings and annual rent variance when relocating from San Francisco-Oakland-Fremont, CA to Austin-Round Rock-San Marcos, TX.
Risk Management Specialist in Chicago-Naperville-Elgin, IL-IN: Compensation & Purchasing Power Briefing (2026)
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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.
- 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
Risk Management Specialist in Chicago-Naperville-Elgin, IL-IN: Market Snapshot
Risk Management Specialist roles in Chicago-Naperville-Elgin, IL-IN report a median annual wage of $105,370, 10.2% below the national median of $117,330. The 10th to 90th percentile band runs from $65,860 to $205,140, and HUD’s $1,780 monthly one-bedroom fair market rent equals 20.3% of that median gross pay. The single-adult living wage benchmark for the area is $27.82 per hour.
Highest-paying metropolitan areas for Risk Management Specialist
| Metropolitan area | Median annual wage | Vs this market |
|---|---|---|
| San Francisco-Oakland-Fremont, CA | $167,440 | +58.9% |
| San Jose-Sunnyvale-Santa Clara, CA | $166,240 | +57.8% |
| New York-Newark-Jersey City, NY-NJ | $139,670 | +32.6% |
| Seattle-Tacoma-Bellevue, WA | $134,330 | +27.5% |
| Charlotte-Concord-Gastonia, NC-SC | $133,530 | +26.7% |
| Boston-Cambridge-Newton, MA-NH | $132,580 | +25.8% |
| Bridgeport-Stamford-Danbury, CT | $132,480 | +25.7% |
| Winston-Salem, NC | $131,630 | +24.9% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $130,880 | +24.2% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $126,510 | +20.1% |
Top-paying occupations benchmarked in Chicago-Naperville-Elgin, IL-IN
| Occupation | Median annual wage | Median hourly |
|---|---|---|
| Chief Executives | $344,960 | $165.85/hr |
| Computer and Information Systems Managers | $173,760 | $83.54/hr |
| Financial Manager | $168,810 | $81.16/hr |
| Natural Sciences Managers | $167,040 | $80.31/hr |
| Advertising and Promotions Managers | $166,390 | $80.00/hr |
| Marketing Managers | $165,340 | $79.49/hr |
| Architectural and Engineering Managers | $163,430 | $78.57/hr |
| Sales Managers | $158,690 | $76.29/hr |
| Human Resources Managers | $156,770 | $75.37/hr |
| Compensation and Benefits Managers | $155,340 | $74.68/hr |
Wage data: U.S. Bureau of Labor Statistics OEWS May 2025, 121 metropolitan areas publishing this occupation; HUD FY2027 Fair Market Rents; EPI Family Budget Calculator. Taxes use 2026 federal and state rules. Data last updated .
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Related Finance Roles in Chicago-Naperville-Elgin, IL-IN
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Other Metros for Risk Management Specialist
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Risk Management Specialist median pay in Chicago-Naperville-Elgin, IL-IN is $105,370 a year ($50.66/hr). See take-home pay after 2026 taxes, BLS wage. Official 2026 economic data for Risk Management Specialist in Chicago-Naperville-Elgin, IL-IN compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.
Quick answers
The median annual wage is $105,370 ($50.66 per hour). The middle 80% of earners make between $65,860 and $205,140. Source: BLS OEWS (May 2025).
On the median wage of $105,370, a single filer with no pre-tax deductions takes home about $77,887 a year ($6,491 a month) after $27,483 in federal, FICA, state and local taxes, an effective rate of 26.08%, using 2026 tax rules.