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Business Owner salary in Illinois

Average salary

$50,000/yr

Based on 55 income tax records

$16,500

$157,500

DATA PROVIDED BY

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

$16,500

$157,500

DATA PROVIDED BY

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

How much do Business Owners make?

The average salary for a Business Owner in Illinois is $50,000 per year. These insights are exclusive to Mint Salary and are based on 55 tax returns from TurboTax customers who reported this type of occupation. Business Owner salaries in Illinois can vary between $16,500 to $157,500 and depend on various factors, including skills, experience, employer, bonuses, and more. Read more

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Business Owner salary by city

Chicago, IL

10 income tax records

$52,000/yr

$48K – $89K

Business Owner salary by company

How much do similar occupations make?

Product Owner

679 income tax records

$84,500/yr

Business Manager

7,969 income tax records

$57,500/yr

Small Business Owner

549 income tax records

$30,000/yr

Business Executive

222 income tax records

$174,500/yr

Product Owner
679 income tax records
$84,500/yr
Business Manager
7,969 income tax records
$57,500/yr
Small Business Owner
549 income tax records
$30,000/yr
Business Executive
222 income tax records
$174,500/yr

Business Owner demographics in Illinois

51% are single

49% are married

38% have kids

72% own a home

Business Owner salaries by age

$16,375

$32,750

$49,125

$65,500

18-25

26-35

36-45

46-55

56+

Years of age

Effective Tax Rates for Business Owners in Illinois

55 full-time salaries from 2019

FAQS

What is the average salary for a business owner in Illinois?

The average salary for a business owner in Illinois is $50,000 per year. Business owner salaries in Illinois can vary between $16,500 to $157,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

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