Physician Salary in Chicago, IL
Physician salary data for Chicago, IL — adjusted for local cost of living. Entry-level to senior pay ranges, take-home pay calculator, and local job market insights.
Physician Salary in Chicago, IL — 2026
The median Physician salary in Chicago, IL is $227,910 per year ($18,993/month, $110/hr). This reflects the local cost of living index of 107, which is 7% above the national average.
Physician Take-Home Pay in Chicago
Tax Breakdown (Median Salary)
| Gross Annual | $227,910 |
| Federal Tax | -$45,194 |
| State Tax (5.0%) | -$11,282 |
| FICA (SS + Medicare) | -$14,223 |
| Annual Take-Home | $157,211 |
| Monthly Take-Home | $13,101 |
Living Cost Comparison
Physician Requirements
Key Skills
Chicago Job Market Overview
Chicago, Illinois has a population of 2,696,555 and an unemployment rate of 4.2%. The top industries are Finance, Technology, Healthcare. The local job growth rate is 1.5%, and the average commute time is 35 minutes.
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Physician Salary in Nearby Illinois Cities
Frequently Asked Questions
What is the average Physician salary in Chicago, IL?
How much does a Physician take home in Chicago after taxes?
Is Chicago a good city for Physicians?
What skills are needed for a Physician in Chicago?
How does Physician salary in Chicago compare to the national average?
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Frequently Asked Questions
What is the average Physician salary in Chicago, IL?
The median Physician salary in Chicago, IL is $227,910 per year as of 2026. This is adjusted for the local cost of living index of 107. Entry-level Physicians earn around $186,180, while senior-level professionals can earn $323,140 or more.
How much does a Physician take home in Chicago after taxes?
A Physician earning the median salary of $227,910 in Chicago, IL takes home approximately $157,211 per year ($13,101/month) after federal, state, and local taxes. The effective tax rate is 31.0%.
Is Chicago a good city for Physicians?
Chicago, IL has a cost of living index of 107 (above national average). Physicians here earn above the city median. The local unemployment rate is 4.2% and top industries include Finance, Technology, Healthcare.
What skills are needed for a Physician in Chicago?
Key skills for Physicians include Diagnosis, Treatment Planning, Patient Communication, Clinical Research, EHR. Typical education requirement is Doctor of Medicine (MD). Valuable certifications include USMLE, Board Certification, State Licensure.
How does Physician salary in Chicago compare to the national average?
The national median Physician salary is $213,000. In Chicago, the adjusted salary is $227,910, which is 7.0% higher than the national average, reflecting the local cost of living.