Salary & Cost of Living in Berwyn, IL
Berwyn, IL: $50,506 median salary, cost of living index 95.6, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$50,506
$24/hr
Cost of Living
95.6
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
3.8%
rate
Berwyn, IL Overview
Population
56,657
Median Salary
$50,506
Average Salary
$56,567
Avg Commute
19 min
Median Home Price
$277,000
Median Rent
$1,136/mo
Job Growth
+1.6%
Sales Tax
6.25%
Berwyn is located in Illinois with a population of 56,657. The median household salary is $50,506 per year ($24/hour), which is $8,878 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +1.6%.
Berwyn Salary by Experience Level (2026)
Wage distribution in Berwyn, IL based on BLS percentile breakdown of the $50,506 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 | $31,314 | $15.05/hr | 0–2 years |
| Mid-Level (Median) | $50,506 | $24.28/hr | 3–7 years |
| Senior-Level | $71,719 | $34.48/hr | 8–15 years |
| Top 10% (90th Percentile) | $89,901 | $43.22/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.
Berwyn Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Berwyn, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$40,120
$3,343.34/month · $1,543.08/biweekly · Effective Rate: 20.6%
Gross Pay
$50,506
Federal Tax
-$4,022
State Tax
-$2,500
Local Tax
$0
FICA
-$3,864
Net Pay
$40,120
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,208.83 | $50,506.00 |
| Federal Income Tax | -$335.19 | -$4,022.22 |
| Illinois State Tax (4.95%) | -$208.34 | -$2,500.05 |
| Social Security (6.2%) | -$260.95 | -$3,131.37 |
| Medicare (1.45%) | -$61.03 | -$732.34 |
| Net Take-Home Pay | $3,343.34 | $40,120.02 |
Salary Comparison: Berwyn vs Other Cities
See how Berwyn's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Berwyn, IL | $50,506 | 95.6 | $52,831 |
| National Average | $59,384 | 100 | $59,384 |
| Hartford, CT | $50,500 | 108 | $46,759 |
| Gainesville, FL | $50,500 | 94 | $53,723 |
| Topeka, KS | $50,500 | 84 | $60,119 |
| Palm Harbor, FL | $50,522 | 102.9 | $49,098 |
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 Berwyn
Berwyn's cost of living index is 95.6 (national average = 100). Living in Berwyn is 4.400000000000006% less expensive than the national average.
Median Home Price
$277,000
Median Monthly Rent
$1,136
Annual Rent Cost
$13,632
Your Salary's Purchasing Power
Your $40,120 annual take-home pay in Berwyn has the purchasing power of approximately $41,967 in an average-cost US area. Your $50,506 salary stretches further here than in most US cities.
Top Industries in Berwyn
Berwyn's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $50,506.
Salary Tips for Berwyn Workers
- Research top industries. Berwyn's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $50,506 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.
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Frequently Asked Questions
What is the median salary in Berwyn, IL?
The median salary in Berwyn, IL is $50,506 per year, or $24 per hour. The average salary is $56,567. This is $8,878 below the national median of $59,384.
What is the cost of living in Berwyn, IL?
Berwyn's cost of living index is 95.6 (national average = 100), meaning it is 4.400000000000006% less expensive compared to the national average. The median home price is $277,000 and the median monthly rent is $1,136.
What are the best industries in Berwyn?
The top industries in Berwyn, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 1.6% and an unemployment rate of 3.8%. Workers in these industries often earn above the city's median salary of $50,506.
How does Berwyn's salary compare to other cities?
Berwyn's median salary of $50,506 is 15.0% below the national median of $59,384. However, when adjusted for cost of living (index: 95.6), the real purchasing power is approximately $52,831.
What is the minimum wage in Berwyn, IL?
The minimum wage in Berwyn, 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.