Salary & Cost of Living in Niles, IL
Niles, IL: $49,437 median salary, cost of living index 94.9, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$49,437
$24/hr
Cost of Living
94.9
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
4.7%
rate
Niles, IL Overview
Population
29,803
Median Salary
$49,437
Average Salary
$55,369
Avg Commute
19 min
Median Home Price
$223,000
Median Rent
$907/mo
Job Growth
+2.2%
Sales Tax
6.25%
Niles is located in Illinois with a population of 29,803. The median household salary is $49,437 per year ($24/hour), which is $9,947 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +2.2%.
Niles Salary by Experience Level (2026)
Wage distribution in Niles, IL based on BLS percentile breakdown of the $49,437 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 | $30,651 | $14.74/hr | 0–2 years |
| Mid-Level (Median) | $49,437 | $23.77/hr | 3–7 years |
| Senior-Level | $70,201 | $33.75/hr | 8–15 years |
| Top 10% (90th Percentile) | $87,998 | $42.31/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.
Niles Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Niles, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$39,314
$3,276.17/month · $1,512.08/biweekly · Effective Rate: 20.5%
Gross Pay
$49,437
Federal Tax
-$3,894
State Tax
-$2,447
Local Tax
$0
FICA
-$3,782
Net Pay
$39,314
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,119.75 | $49,437.00 |
| Federal Income Tax | -$324.50 | -$3,893.94 |
| Illinois State Tax (4.95%) | -$203.93 | -$2,447.13 |
| Social Security (6.2%) | -$255.42 | -$3,065.09 |
| Medicare (1.45%) | -$59.74 | -$716.84 |
| Net Take-Home Pay | $3,276.17 | $39,314.00 |
Salary Comparison: Niles vs Other Cities
See how Niles's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Niles, IL | $49,437 | 94.9 | $52,094 |
| National Average | $59,384 | 100 | $59,384 |
| Bloomington, IL | $49,437 | 92.5 | $53,445 |
| Woodridge, IL | $49,443 | 93.5 | $52,880 |
| Plainfield, IN | $49,446 | 78.4 | $63,069 |
| Greenwood, IN | $49,411 | 90.8 | $54,417 |
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 Niles
Niles's cost of living index is 94.9 (national average = 100). Living in Niles is 5.099999999999994% less expensive than the national average.
Median Home Price
$223,000
Median Monthly Rent
$907
Annual Rent Cost
$10,884
Your Salary's Purchasing Power
Your $39,314 annual take-home pay in Niles has the purchasing power of approximately $41,427 in an average-cost US area. Your $49,437 salary stretches further here than in most US cities.
Top Industries in Niles
Niles's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $49,437.
Salary Tips for Niles Workers
- Research top industries. Niles's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $49,437 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 Niles, IL?
The median salary in Niles, IL is $49,437 per year, or $24 per hour. The average salary is $55,369. This is $9,947 below the national median of $59,384.
What is the cost of living in Niles, IL?
Niles's cost of living index is 94.9 (national average = 100), meaning it is 5.099999999999994% less expensive compared to the national average. The median home price is $223,000 and the median monthly rent is $907.
What are the best industries in Niles?
The top industries in Niles, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 2.2% and an unemployment rate of 4.7%. Workers in these industries often earn above the city's median salary of $49,437.
How does Niles's salary compare to other cities?
Niles's median salary of $49,437 is 16.8% below the national median of $59,384. However, when adjusted for cost of living (index: 94.9), the real purchasing power is approximately $52,094.
What is the minimum wage in Niles, IL?
The minimum wage in Niles, 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.