Salary & Cost of Living in Joliet, IL
Joliet, IL: $60,000 median salary, cost of living index 90, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$60,000
$29/hr
Cost of Living
90
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4%
rate
Joliet, IL Overview
Population
150,362
Median Salary
$60,000
Average Salary
$66,500
Avg Commute
33 min
Median Home Price
$230,000
Median Rent
$1,200/mo
Job Growth
+1.5%
Sales Tax
8%
Joliet is located in Illinois with a population of 150,362. The median household salary is $60,000 per year ($29/hour), which is $616 above the national median of $59,384. The average commute time is 33 minutes, and the city has a job growth rate of +1.5%.
Joliet Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Joliet, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,279
$3,939.88/month · $1,818.40/biweekly · Effective Rate: 21.2%
Gross Pay
$60,000
Federal Tax
-$5,162
State Tax
-$2,970
Local Tax
$0
FICA
-$4,590
Net Pay
$47,279
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,000.00 | $60,000.00 |
| Federal Income Tax | -$430.13 | -$5,161.50 |
| Illinois State Tax (4.95%) | -$247.50 | -$2,970.00 |
| Social Security (6.2%) | -$310.00 | -$3,720.00 |
| Medicare (1.45%) | -$72.50 | -$870.00 |
| Net Take-Home Pay | $3,939.88 | $47,278.50 |
Salary Comparison: Joliet vs Other Cities
See how Joliet's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Joliet, IL | $60,000 | 90 | $66,667 |
| National Average | $59,384 | 100 | $59,384 |
| Tampa, FL | $60,000 | 102 | $58,824 |
| Idaho Falls, ID | $60,000 | 93 | $64,516 |
| Kansas City, MO | $60,000 | 90 | $66,667 |
| Fargo, ND | $60,000 | 93 | $64,516 |
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 Joliet
Joliet's cost of living index is 90 (national average = 100). Living in Joliet is 10% less expensive than the national average.
Median Home Price
$230,000
Median Monthly Rent
$1,200
Annual Rent Cost
$14,400
Your Salary's Purchasing Power
Your $47,279 annual take-home pay in Joliet has the purchasing power of approximately $52,532 in an average-cost US area. Your $60,000 salary stretches further here than in most US cities.
Top Industries in Joliet
Joliet's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $60,000.
Salary Tips for Joliet Workers
- Research top industries. Joliet's top industries include Logistics, Manufacturing, Healthcare. Targeting roles in these sectors can help you earn above the $60,000 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 Joliet, IL?
The median salary in Joliet, IL is $60,000 per year, or $29 per hour. The average salary is $66,500. This is $616 above the national median of $59,384.
What is the cost of living in Joliet, IL?
Joliet's cost of living index is 90 (national average = 100), meaning it is 10% less expensive compared to the national average. The median home price is $230,000 and the median monthly rent is $1,200.
What are the best industries in Joliet?
The top industries in Joliet, IL include Logistics, Manufacturing, Healthcare. The city has a job growth rate of 1.5% and an unemployment rate of 4%. Workers in these industries often earn above the city's median salary of $60,000.
How does Joliet's salary compare to other cities?
Joliet's median salary of $60,000 is 1.0% above the national median of $59,384. However, when adjusted for cost of living (index: 90), the real purchasing power is approximately $66,667.
What is the minimum wage in Joliet, IL?
The minimum wage in Joliet, IL is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.