Illinois Take-Home Pay Calculator
Calculate your actual take-home pay in Illinois after federal tax, Illinois state tax, Social Security, Medicare, and deductions. Illinois has a flat income tax rate of 4.
Annual Breakdown
Monthly Summary
Where Your Money Goes
See your complete financial picture
Your take-home is $4,254/month. See how it flows through your budget, savings, investments, and more over time.
Try the Full SimulatorIllinois Tax Overview
Illinois has a flat income tax rate of 4.95%. While the rate is moderate, property taxes in Illinois are among the highest in the nation.
Understanding Your Take-Home Pay in Illinois
If you work in Illinois, your take-home pay is affected by a combination of federal taxes and Illinois-specific taxes and deductions. Here's what Illinois residents and workers need to know about their paycheck.
Illinois Income Tax
Illinois has a flat income tax rate of 4.95%. While the rate is moderate, property taxes in Illinois are among the highest in the nation.
Cost of Living in Illinois
Illinois' cost of living is near the national average overall, but property taxes are 2-3x the national average. When evaluating your Illinois take-home pay, consider how far your paycheck goes based on local costs for housing, food, transportation, and healthcare.
Financial Tips for Illinois Residents
- Illinois' 4.95% flat rate is straightforward but watch out for very high property taxes
- Chicago offers competitive salaries in finance, tech, and healthcare
- Illinois does not tax retirement income including Social Security, pensions, and 401(k) distributions
- Consider that Illinois' high property taxes offset some of the benefit of the moderate income tax
Key Illinois Tax Features
- Flat 4.95% rate
- Very high property taxes
- No tax on retirement income
- Major financial hub in Chicago
See How Your Illinois Take-Home Pay Builds Wealth
This calculator shows your Illinois paycheck. Trajectoryy's full simulator shows how that paycheck flows through your entire financial life — savings, investments, loans, retirement, and more.
Start Simulating for Free