Salary & Cost of Living in Addison, IL
Addison, IL: $48,173 median salary, cost of living index 92.7, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$48,173
$23/hr
Cost of Living
92.7
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
4.7%
rate
Addison, IL Overview
Population
36,942
Median Salary
$48,173
Average Salary
$53,954
Avg Commute
19 min
Median Home Price
$274,000
Median Rent
$1,114/mo
Job Growth
+2.5%
Sales Tax
6.25%
Addison is located in Illinois with a population of 36,942. The median household salary is $48,173 per year ($23/hour), which is $11,211 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +2.5%.
Addison Salary by Experience Level (2026)
Wage distribution in Addison, IL based on BLS percentile breakdown of the $48,173 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $29,867 | $14.36/hr | 0–2 years |
| Mid-Level (Median) | $48,173 | $23.16/hr | 3–7 years |
| Senior-Level | $68,406 | $32.89/hr | 8–15 years |
| Top 10% (90th Percentile) | $85,748 | $41.22/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Addison Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Addison, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$38,361
$3,196.75/month · $1,475.42/biweekly · Effective Rate: 20.4%
Gross Pay
$48,173
Federal Tax
-$3,742
State Tax
-$2,385
Local Tax
$0
FICA
-$3,685
Net Pay
$38,361
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,014.42 | $48,173.00 |
| Federal Income Tax | -$311.85 | -$3,742.26 |
| Illinois State Tax (4.95%) | -$198.71 | -$2,384.56 |
| Social Security (6.2%) | -$248.89 | -$2,986.73 |
| Medicare (1.45%) | -$58.21 | -$698.51 |
| Net Take-Home Pay | $3,196.75 | $38,360.94 |
Salary Comparison: Addison vs Other Cities
See how Addison's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Addison, IL | $48,173 | 92.7 | $51,967 |
| National Average | $59,384 | 100 | $59,384 |
| Delaware, OH | $48,181 | 81.1 | $59,409 |
| Sunrise, FL | $48,190 | 95.2 | $50,620 |
| Wauwatosa, WI | $48,192 | 85.7 | $56,233 |
| Downers Grove, IL | $48,194 | 84.3 | $57,170 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Addison
Addison's cost of living index is 92.7 (national average = 100). Living in Addison is 7.299999999999997% less expensive than the national average.
Median Home Price
$274,000
Median Monthly Rent
$1,114
Annual Rent Cost
$13,368
Your Salary's Purchasing Power
Your $38,361 annual take-home pay in Addison has the purchasing power of approximately $41,382 in an average-cost US area. Your $48,173 salary stretches further here than in most US cities.
Top Industries in Addison
Addison's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $48,173.
Salary Tips for Addison Workers
- Research top industries. Addison's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $48,173 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Addison, IL?
The median salary in Addison, IL is $48,173 per year, or $23 per hour. The average salary is $53,954. This is $11,211 below the national median of $59,384.
What is the cost of living in Addison, IL?
Addison's cost of living index is 92.7 (national average = 100), meaning it is 7.299999999999997% less expensive compared to the national average. The median home price is $274,000 and the median monthly rent is $1,114.
What are the best industries in Addison?
The top industries in Addison, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 2.5% and an unemployment rate of 4.7%. Workers in these industries often earn above the city's median salary of $48,173.
How does Addison's salary compare to other cities?
Addison's median salary of $48,173 is 18.9% below the national median of $59,384. However, when adjusted for cost of living (index: 92.7), the real purchasing power is approximately $51,967.
What is the minimum wage in Addison, IL?
The minimum wage in Addison, IL is $14.00 per hour. This equals approximately $29,120 per year for a full-time worker (40 hours/week). This is $6.75 above the federal minimum wage of $7.25/hour.