What is the job market like in Chicago?

Last updated October 13, 2026

Chicago has one of the largest and most diversified job markets in the U.S. No single industry makes up more than 13% of the region’s economy, about 30 Fortune 500 companies are headquartered in the area, and the regional labor force is roughly 5 million people. The biggest employers are public institutions and health systems: the federal government, Chicago Public Schools, the City of Chicago, Amazon, and hospital networks such as Advocate and Northwestern Medicine. Finance, health care, logistics, tech and corporate headquarters drive much of the hiring.

Labor force~5Mworkers in the Chicago region
Fortune 500 HQs30in the Chicago region
Largest employer55Kfederal government workers
Largest single industry<13%of regional output

Who are the biggest employers in Chicago?

Crain’s Chicago Business publishes an annual ranking of the region’s largest employers. Its 2026 list is led by public institutions and health care:

EmployerApproximate local employees
U.S. federal government55,138
Chicago Public Schools46,244
City of ChicagoAbout 33,000
AmazonAbout 32,000
Advocate Health Care31,761
Northwestern Medicine31,615
University of Chicago23,044

Cook County, United Airlines and other hospital systems also rank near the top. Amazon is the region’s largest private-sector employer, mostly in warehouses and logistics.

Which industries drive Chicago’s economy?

  • Finance and professional services. Banks, trading firms, insurers, accounting and consulting firms, concentrated in the Loop and West Loop.
  • Health care and education. Large hospital systems and universities are some of the steadiest employers in the region.
  • Logistics and transportation. Chicago is a national rail and trucking hub, and O’Hare ranks as the second-largest U.S. port by trade value.
  • Corporate headquarters. Chicago led the country in corporate relocations and expansions in 2024.
  • Tech. Software, data and startup jobs have grown, especially in the West Loop and Fulton Market.
  • Manufacturing and food. The region remains a major center for both.

Because no single industry dominates, Chicago’s economy tends to be steadier through downturns than cities that depend on one sector.

What are typical salaries in Chicago?

Typical annual salaries by job type in the Chicago area, from Bureau of Labor Statistics data compiled by MIT:

Job typeTypical salary
Legal$140,100
Management$139,280
Computer and math$104,630
Healthcare practitioners$101,670
Architecture and engineering$98,130
Business and finance$92,890
Construction$79,810
Education$64,930
Sales$56,530
Office and administrative support$50,750

For a single adult, MIT estimates about $53,000 a year before taxes covers a basic budget in Cook County. Read more in how much it costs to live in Chicago.

Is Chicago a good city for recent college grads?

Yes, for many fields. Chicago-area colleges graduate more than 150,000 people a year, so employers are used to hiring entry-level talent, and the city’s lower cost of living compared with New York or San Francisco stretches a starting salary further. Finance, consulting, health care, marketing and tech all have large entry-level programs here. Living with roommates and without a car is common in your first years and makes a starting salary go a long way.

Where are the jobs located?

  • The Loop and West Loop: finance, law, consulting, corporate headquarters and tech.
  • The Illinois Medical District and major hospital campuses: health care and research.
  • O’Hare and the suburbs: airlines, logistics, and many large corporate campuses. Suburban jobs are often easier to reach by car or Metra than by the ‘L’.

If you’ll work downtown, almost any neighborhood on an ‘L’ line works. If you’ll work in the suburbs, choose where you live with the commute in mind, or look at a reverse commute on Metra.

Frequently asked questions about jobs in Chicago

What is the biggest employer in Chicago?

The federal government, with about 55,000 workers in the region. Amazon is the largest private employer.

What industries is Chicago known for?

Finance, health care, logistics and transportation, corporate headquarters, manufacturing, food and a growing tech sector.

How many Fortune 500 companies are in Chicago?

About 30 Fortune 500 companies are headquartered in the Chicago region.

What salary do you need to live in Chicago?

About $53,000 a year before taxes for a single adult’s basic budget, and around $60,000 to $65,000 to rent an average one-bedroom alone.

Sources

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