Hourly to Salary for Illinois (2026)
Illinois (IL) Key Facts
Minimum Wage
$14.00/hr
Minimum Annual Salary (at 40 hrs/wk)
$29,120
Median Hourly Rate
$34.62/hr
Median Household Income
$72,000
State Income Tax Rate
4.95%
How This Calculator Works in Illinois
This calculator converts an hourly wage to its annual, monthly, biweekly, and weekly salary equivalents for workers in Illinois. Enter your hourly rate and work schedule to see the breakdown. It uses the standard 2,080-hour work year by default and can be adjusted for different weekly hours or weeks per year to match your actual schedule.
Illinois Overview
Illinois's minimum wage is $14.00/hr per hour — Illinois has a $14/hr minimum wage. Chicago has a higher local minimum of $15.80/hr for large employers and $15/hr for smaller businesses. The median hourly wage in Illinois is approximately $34.62/hr, and the median household income is $72,000. Chicago layers additional wage requirements on top of the state minimum — workers should check both state and city rates when converting hourly to salary.
How Illinois Compares
Illinois's minimum wage of $14.00 is higher than neighboring Indiana's $7.25. The median hourly rate of $34.62 exceeds Indiana's $27.88. States with higher minimum wages generally have higher costs of living — Illinois's cost of living index is 95 compared to the national average of 100.
| State | Top Rate | Notes |
|---|---|---|
| Indiana | $7.25/hr min wage | Indiana has a minimum wage of $7.25, a median hourly rate of approximately $27.88, and a state income tax rate up to 3.05%. |
| Wisconsin | $7.25/hr min wage | Wisconsin has a minimum wage of $7.25, a median hourly rate of approximately $30.77, and a state income tax rate up to 7.65%. |
| Iowa | $7.25/hr min wage | Iowa has a minimum wage of $7.25, a median hourly rate of approximately $29.81, and a state income tax rate up to 5.7%. |
The federal minimum wage is $7.25 per hour, which translates to $15,080 annually at full time. Illinois's minimum wage of $14.00 yields an annual salary of $29,120. The median hourly wage in Illinois is approximately $34.62, which is above the national median of roughly $26.44 per hour.
Tips for Illinois Residents
- 1Illinois has a $14/hr state minimum wage, but Chicago employers must pay $15.80/hr for large companies, reflecting the metro area's higher cost of living. Use the state minimum as a baseline when evaluating hourly job offers in Illinois.
- 2The standard conversion assumes 2,080 working hours per year (40 hours/week times 52 weeks). Adjust for unpaid time off if your employer does not offer paid vacation.
- 3Illinois has a state income tax with a top rate of 4.95%. Factor in both state and federal taxes when estimating take-home pay from your hourly rate.
- 4If you regularly work overtime in Illinois, your effective annual salary will be higher than the standard 40-hour calculation. Use the overtime calculator for a more precise estimate.
- 5When comparing hourly pay to a salaried offer, add the value of benefits like health insurance, retirement contributions, and paid time off — these typically represent 20-30% of additional compensation value.