The annual salary statistics of tax preparers in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois is shown in Table 1. The wage data of tax preparers in Chicago-Joliet-Naperville (IL-IN-WI Area) is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $31,220 |
| 25th Percentile Wage | $35,930 |
| 50th Percentile Wage | $46,800 |
| 75th Percentile Wage | $63,550 |
| 90th Percentile Wage | $86,570 |
Table 1 shows the average annual salary for tax preparers in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $86,570. The median (50th percentile) annual salary is $46,800. The average annual salary for the bottom 10 percent earners is $31,220.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $46,800 | -18.82% | -13.53% |
| 2021 | $55,610 | 33.90% | - |
| 2020 | $36,760 | 12.13% | - |
| 2019 | $32,300 | 12.69% | - |
| 2018 | $28,200 | -4.36% | - |
| 2017 | $29,430 | -41.32% | - |
| 2015 | $41,590 | -9.74% | - |
| 2014 | $45,640 | -18.51% | - |
| 2013 | $54,090 | 1.77% | - |
| 2012 | $53,130 | - | - |
From Table 3 we note that the median annual salary of $46,800 in Chicago-Joliet-Naperville (IL-IN-WI Area) is in the middle of salary range for tax preparers in state of Illinois. In comparison, the annual salary of tax preparers in Chicago-Joliet-Naperville (IL-IN-WI Area) is 26.2 percent (26.2%) lower than that in the highest paying Northwest Illinois nonmetropolitan area and 38.0 percent (38.0%) higher than that in the lowest paying Kankakee-Bradley.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northwest Illinois nonmetropolitan area | |
| Peoria | |
| Chicago-Joliet-Naperville (IL-IN-WI Area) | |
| Springfield | |
| Rockford | |
| Bloomington | |
| Champaign-Urbana | |
| West Central Illinois nonmetropolitan area | |
| East Central Illinois nonmetropolitan area | |
| South Illinois nonmetropolitan area | |
| Chicago-Joliet-Naperville (IL Metropolitan Division) | |
| Kankakee-Bradley |