Chicago vs Hanover Park: Financial Advisor Salary (2026)
Compare financial advisor salaries between Chicago, IL and Hanover Park, IL. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Chicago, IL | Hanover Park, IL |
|---|---|---|
| Median Salary | $116,946▲ | $111,569 |
| Hourly Rate | $56.23▲ | $53.64 |
| Entry Level (P10) | $52,735 | $64,710▲ |
| 25th Percentile | $73,591 | $80,330▲ |
| 75th Percentile | $178,957▲ | $142,808 |
| Top Earner (P90) | $333,081▲ | $172,932 |
| Total Employed | 8,370▲ | 6 |
Verdict
Chicago, IL offers better overall compensation for financial advisors, winning 4 out of 4 metrics compared to Hanover Park.
The salary gap between Chicago and Hanover Park is $5,377 (4.82%). Chicago's median is +7.75% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Chicago spans $280,346,Hanover Park spans $108,222. Chicago has a wider pay range, meaning more potential for high earners but also more variation.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Hanover Park ($114,901 effective) pays 1.78% more than Chicago ($112,888 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Chicago if…
- ✓Higher median salary ($116,946/year)
- ✓Better top-earner potential ($333,081)
- ✓Larger job market (8,370 employed)
- ✓You prefer the Illinois area and lifestyle
Choose Hanover Park if…
- ✓Better purchasing power (CoL-adjusted: $114,901)
- ✓You prefer the Illinois area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Chicago grew -1.1% from 2019 to 2025, compared to 0.6% growth in Hanover Park over the same period.
Chicago, IL
$114,460 (2019) → $113,210 (2025)
Hanover Park, IL
$107,323 (2024) → $108,005 (2025)
View Full Salary Data
Chicago, IL
Hanover Park, IL
Frequently Asked Questions
Which city pays financial advisors more: Chicago or Hanover Park?
What is the hourly rate difference between Chicago and Hanover Park?
Should I relocate from Chicago to Hanover Park as a financial advisor?
What do entry-level financial advisors earn in Chicago vs Hanover Park?
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 3.30% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov