Salary & Cost of Living in Carpentersville, IL
Carpentersville, IL: $58,729 median salary, cost of living index 84.5, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$58,729
$28/hr
Cost of Living
84.5
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
3.9%
rate
Carpentersville, IL Overview
Population
38,241
Median Salary
$58,729
Average Salary
$65,776
Avg Commute
19 min
Median Home Price
$256,000
Median Rent
$1,043/mo
Job Growth
+0.7%
Sales Tax
6.25%
Carpentersville is located in Illinois with a population of 38,241. The median household salary is $58,729 per year ($28/hour), which is $655 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +0.7%.
Carpentersville Salary by Experience Level (2026)
Wage distribution in Carpentersville, IL based on BLS percentile breakdown of the $58,729 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 | $36,412 | $17.51/hr | 0–2 years |
| Mid-Level (Median) | $58,729 | $28.24/hr | 3–7 years |
| Senior-Level | $83,395 | $40.10/hr | 8–15 years |
| Top 10% (90th Percentile) | $104,538 | $50.27/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.
Carpentersville Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Carpentersville, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$46,320
$3,860.01/month · $1,781.54/biweekly · Effective Rate: 21.1%
Gross Pay
$58,729
Federal Tax
-$5,009
State Tax
-$2,907
Local Tax
$0
FICA
-$4,493
Net Pay
$46,320
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,894.08 | $58,729.00 |
| Federal Income Tax | -$417.41 | -$5,008.98 |
| Illinois State Tax (4.95%) | -$242.26 | -$2,907.09 |
| Social Security (6.2%) | -$303.43 | -$3,641.20 |
| Medicare (1.45%) | -$70.96 | -$851.57 |
| Net Take-Home Pay | $3,860.01 | $46,320.17 |
Salary Comparison: Carpentersville vs Other Cities
See how Carpentersville's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Carpentersville, IL | $58,729 | 84.5 | $69,502 |
| National Average | $59,384 | 100 | $59,384 |
| Longview, WA | $58,733 | 107.8 | $54,483 |
| Burke, VA | $58,735 | 106.1 | $55,358 |
| Rancho Palos Verdes, CA | $58,736 | 149.3 | $39,341 |
| Lake in the Hills, IL | $58,710 | 83.6 | $70,227 |
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 Carpentersville
Carpentersville's cost of living index is 84.5 (national average = 100). Living in Carpentersville is 15.5% less expensive than the national average.
Median Home Price
$256,000
Median Monthly Rent
$1,043
Annual Rent Cost
$12,516
Your Salary's Purchasing Power
Your $46,320 annual take-home pay in Carpentersville has the purchasing power of approximately $54,817 in an average-cost US area. Your $58,729 salary stretches further here than in most US cities.
Top Industries in Carpentersville
Carpentersville's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $58,729.
Salary Tips for Carpentersville Workers
- Your salary goes further here. Carpentersville has a cost of living 15.5% below the national average. A salary of $58,729 here has the purchasing power of about $69,502 in an average-cost area.
- Research top industries. Carpentersville's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $58,729 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 Carpentersville, IL?
The median salary in Carpentersville, IL is $58,729 per year, or $28 per hour. The average salary is $65,776. This is $655 below the national median of $59,384.
What is the cost of living in Carpentersville, IL?
Carpentersville's cost of living index is 84.5 (national average = 100), meaning it is 15.5% less expensive compared to the national average. The median home price is $256,000 and the median monthly rent is $1,043.
What are the best industries in Carpentersville?
The top industries in Carpentersville, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 0.7% and an unemployment rate of 3.9%. Workers in these industries often earn above the city's median salary of $58,729.
How does Carpentersville's salary compare to other cities?
Carpentersville's median salary of $58,729 is 1.1% below the national median of $59,384. However, when adjusted for cost of living (index: 84.5), the real purchasing power is approximately $69,502.
What is the minimum wage in Carpentersville, IL?
The minimum wage in Carpentersville, 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.