Tax Manager Salary: Chicago, IL vs New York, NY
BLS does not publish a separate estimate for Tax Managers. The figures on this page are the BLS OEWS May 2025 estimates for Accountants and Auditors (13-2011), the closest published occupation.
Side-by-side comparison of wages and local price levels for Tax Managers in Chicago, IL and New York, NY, based on BLS OEWS May 2025 wage data and BEA regional price parities for 2024.
1Which City Pays More?
Detailed Comparison
| Metric | Chicago, IL | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $82,360 | $105,650▲ | -$23,290 |
| 25th Percentile | $72,280 | $82,830▲ | -$10,550 |
| 75th Percentile | $103,120 | $137,490▲ | -$34,370 |
| 90th Percentile | $134,100 | $174,750▲ | -$40,650 |
| Price Level (BEA 2024, US = 100) | 103.6 | 112.6 | -9.0 |
| Median at National-Average Prices | $79,502 | $93,859▲ | -$14,357 |
| Total Employment | 41,360 | 111,930 | -70,570 |
3Summary Analysis
On paper, New York, NY pays $23,290 more (median: $82,360 vs $105,650). BEA's regional price parity is 103.6 in Chicago, IL and 112.6 in New York, NY (United States = 100). At national-average prices the medians are $79,502 and $93,859, so New York, NY comes out ahead once local prices are counted.
5Reading This Comparison
The $23,290 gap between the two medians is a gap in dollars, not in what those dollars buy. Dividing each median by its area's regional price parity restates it at national-average prices: $79,502 for Chicago and $93,859 for New York, a difference of $14,357.
The price levels come from the U.S. Bureau of Economic Analysis, which describes them this way: “Regional price parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level.” The figures used here are the all-items index for each whole metropolitan area (Chicago-Naperville-Elgin, IL-IN; New York-Newark-Jersey City, NY-NJ) and cover prices only, not taxes.
BLS estimates 41,360 Tax Manager jobs in the Chicago area and 111,930 in the New York area. For broader context, see our Illinois overview and the full Tax Manager city ranking.
Frequently Asked Questions
Is Tax Manager salary higher in Chicago, IL or New York, NY?
New York, NY has the higher median wage for Tax Managers ($105,650 per year, against $82,360 in Chicago, IL; BLS OEWS May 2025). Restated at national-average prices using BEA regional price parities, the medians are $79,502 in Chicago, IL and $93,859 in New York, NY.
How do prices compare between Chicago, IL and New York, NY?
The U.S. Bureau of Economic Analysis puts the 2024 regional price parity at 103.6 for the Chicago-Naperville-Elgin, IL-IN metropolitan area and 112.6 for the New York-Newark-Jersey City, NY-NJ metropolitan area, where the United States is 100. That is 3.6% above the national level for Chicago, IL and 12.6% above the national level for New York, NY.
Which city pays Tax Managers more once local prices are counted?
New York, NY: at national-average prices its median Tax Manager wage is $93,859, against $79,502 for Chicago, IL. The adjustment divides each median by the area's BEA regional price parity and covers prices only, not taxes.