Salary & Cost of Living in Oswego, IL
Oswego, IL: $47,320 median salary, cost of living index 84, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$47,320
$23/hr
Cost of Living
84
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
3.8%
rate
Oswego, IL Overview
Population
36,097
Median Salary
$47,320
Average Salary
$52,998
Avg Commute
20 min
Median Home Price
$229,000
Median Rent
$934/mo
Job Growth
+2.2%
Sales Tax
6.25%
Oswego is located in Illinois with a population of 36,097. The median household salary is $47,320 per year ($23/hour), which is $12,064 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +2.2%.
Oswego Salary by Experience Level (2026)
Wage distribution in Oswego, IL based on BLS percentile breakdown of the $47,320 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 | $29,338 | $14.11/hr | 0–2 years |
| Mid-Level (Median) | $47,320 | $22.75/hr | 3–7 years |
| Senior-Level | $67,194 | $32.30/hr | 8–15 years |
| Top 10% (90th Percentile) | $84,230 | $40.49/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.
Oswego Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Oswego, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$37,718
$3,143.15/month · $1,450.68/biweekly · Effective Rate: 20.3%
Gross Pay
$47,320
Federal Tax
-$3,640
State Tax
-$2,342
Local Tax
$0
FICA
-$3,620
Net Pay
$37,718
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,943.33 | $47,320.00 |
| Federal Income Tax | -$303.33 | -$3,639.90 |
| Illinois State Tax (4.95%) | -$195.20 | -$2,342.34 |
| Social Security (6.2%) | -$244.49 | -$2,933.84 |
| Medicare (1.45%) | -$57.18 | -$686.14 |
| Net Take-Home Pay | $3,143.15 | $37,717.78 |
Salary Comparison: Oswego vs Other Cities
See how Oswego's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Oswego, IL | $47,320 | 84 | $56,333 |
| National Average | $59,384 | 100 | $59,384 |
| Lima, OH | $47,320 | 83 | $57,012 |
| La Crosse, WI | $47,348 | 85.9 | $55,120 |
| Horizon West, FL | $47,279 | 101.8 | $46,443 |
| Saint Paul, MN | $47,264 | 101.5 | $46,566 |
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 Oswego
Oswego's cost of living index is 84 (national average = 100). Living in Oswego is 16% less expensive than the national average.
Median Home Price
$229,000
Median Monthly Rent
$934
Annual Rent Cost
$11,208
Your Salary's Purchasing Power
Your $37,718 annual take-home pay in Oswego has the purchasing power of approximately $44,902 in an average-cost US area. Your $47,320 salary stretches further here than in most US cities.
Top Industries in Oswego
Oswego's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $47,320.
Salary Tips for Oswego Workers
- Your salary goes further here. Oswego has a cost of living 16% below the national average. A salary of $47,320 here has the purchasing power of about $56,333 in an average-cost area.
- Research top industries. Oswego's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $47,320 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.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Oswego, IL?
The median salary in Oswego, IL is $47,320 per year, or $23 per hour. The average salary is $52,998. This is $12,064 below the national median of $59,384.
What is the cost of living in Oswego, IL?
Oswego's cost of living index is 84 (national average = 100), meaning it is 16% less expensive compared to the national average. The median home price is $229,000 and the median monthly rent is $934.
What are the best industries in Oswego?
The top industries in Oswego, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 2.2% and an unemployment rate of 3.8%. Workers in these industries often earn above the city's median salary of $47,320.
How does Oswego's salary compare to other cities?
Oswego's median salary of $47,320 is 20.3% below the national median of $59,384. However, when adjusted for cost of living (index: 84), the real purchasing power is approximately $56,333.
What is the minimum wage in Oswego, IL?
The minimum wage in Oswego, 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.