๐Ÿ’ฐ COL Index: 103 โ€” Near Avg Cost

Salaries in Waukegan, IL

What every job actually pays โ€” cost-of-living adjusted

Updated: February 2026 ยท 40 occupations ยท BLS + Census data

Avg. Salary
$54,807
across 40 roles
COL-Adjusted Avg
$53,418
real purchasing power
Top Paying Role
Software Developer
$128,252
1BR Rent
$1,231
median monthly

Hereโ€™s the thing about Waukegan: for a city of nearly 90,000 people, its job market is quietly punching above its weight. Youโ€™ll find salaries here that can surprise you, especially if youโ€™re coming from a bigger, more expensive metro.

Letโ€™s talk real purchasing power. With a cost of living index of 102.6, youโ€™re paying about 2.6% more than the national average for everyday goods and services. But that $1,231 monthly rent for a one-bedroom apartment? Thatโ€™s a significant relief compared to Chicagoโ€™s sky-high prices. A software developer earning the cityโ€™s top salary of $128,252 sees that number adjust to a still-strong $125,002 in real terms. It means your paycheck stretches further here than you might expect.

Waukeganโ€™s economy is anchored by manufacturing and healthcare. You canโ€™t talk about the city without mentioning the massive presence of industrial giants like Caterpillar and the healthcare demands of institutions like Vista Medical Center. This creates a steady demand for skilled trades, nurses, and accountants. Itโ€™s a blue-collar city with a white-collar undercurrent, and that mix keeps the local economy stable.

Hereโ€™s my honest take: the cityโ€™s average salary of $54,807 feels modest when you see the median household income is $72,841. That gap suggests many households rely on dual incomes or have been here for years. Wages aren't necessarily keeping pace with the slight cost-of-living creep. Itโ€™s a great spot if youโ€™re in a high-demand field like software or healthcare, but youโ€™ll feel the squeeze if youโ€™re in a role with flatter pay growth.

The data below breaks down whoโ€™s earning what, and more importantly, what that money can actually do for you in this specific place.

๐Ÿ† Top 5 Highest-Paying Jobs in Waukegan

Ranked by raw salary. See COL-adjusted figures in the full table below.

๐Ÿฅ‡ +1% vs national

Software Developer

$128,252
๐Ÿ’ก COL-Adjusted $125,002
โฑ Hourly $61.66/hr
๐Ÿ“ˆ Job Growth +17.0%
๐Ÿฅˆ +1% vs national

Accountant

$86,751
๐Ÿ’ก COL-Adjusted $84,553
โฑ Hourly $41.71/hr
๐Ÿ“ˆ Job Growth +3.0%
๐Ÿฅ‰ +1% vs national

Registered Nurse

$86,741
๐Ÿ’ก COL-Adjusted $84,543
โฑ Hourly $41.70/hr
๐Ÿ“ˆ Job Growth +6.0%
4๏ธโƒฃ +1% vs national

Elementary School Teacher

$64,166
๐Ÿ’ก COL-Adjusted $62,540
โฑ Hourly $30.85/hr
๐Ÿ“ˆ Job Growth +3.0%
5๏ธโƒฃ +1% vs national

Electrician

$62,030
๐Ÿ’ก COL-Adjusted $60,458
โฑ Hourly $29.82/hr
๐Ÿ“ˆ Job Growth +3.0%

๐Ÿ“‹ Complete Salary Guide โ€” All 40 Occupations in Waukegan

COL-Adjusted Salary = Raw salary divided by the cost of living index (103/100). Higher = more real purchasing power. This city's COL is above the US average.

# Occupation โ†• Raw Salary โ†•
1 Software Developer $128,252
2 Accountant $86,751
3 Registered Nurse $86,741
4 Elementary School Teacher $64,166
5 Electrician $62,030
6 Real Estate Agent $61,959
7 Heavy Truck Driver $53,504
8 Personal Trainer $50,390
9 Chef/Head Cook $50,390
10 Auto Mechanic $50,390
11 Veterinary Technician $50,390
12 Social Worker $50,390
13 Pharmacy Technician $50,390
14 Project Manager $50,390
15 Police Officer $50,390
16 Graphic Designer $50,390
17 Data Analyst $50,390
18 Plumber $50,390
19 Medical Assistant $50,390
20 Insurance Agent $50,390
21 Human Resources Specialist $50,390
22 Carpenter $50,390
23 Physical Therapist $50,390
24 Financial Analyst $50,390
25 Pharmacist $50,390
26 HVAC Technician $50,390
27 Nursing Assistant (CNA) $50,390
28 Firefighter $50,390
29 Construction Manager $50,390
30 Web Developer $50,390
31 Dental Hygienist $50,390
32 Marketing Manager $50,390
33 Loan Officer $50,390
34 Paralegal $50,390
35 Welder $50,390
36 Dental Assistant $50,390
37 Licensed Practical Nurse (LPN) $50,390
38 Nail Technician $50,390
39 Cosmetologist $50,390
40 Security Guard $36,421

Source: Bureau of Labor Statistics Occupational Employment Statistics. COL Index from C2ER/ACCRA.

๐Ÿ™๏ธ Living Costs in Waukegan

๐Ÿ 
1BR Rent
$1,231/mo
๐Ÿก
2BR Rent
$1,538/mo
๐Ÿ˜๏ธ
Median Home
$248,000
๐Ÿ“‰
Unemployment
4.5%
๐Ÿ’ณ
Median Income
$72,841
๐ŸŽ“
College Educated
21%
๐Ÿšถ
Walk Score
35/100
๐Ÿ“Š
Cost of Living
103
Near Avg Cost

๐Ÿงฎ Can You Afford to Live in Waukegan?

Use our Salary Reality Check to see if your specific income covers housing, taxes, and expenses in Waukegan. Enter your salary and see exactly how far your money goes.

โ“ Waukegan Salary FAQ

What is the average salary in Waukegan, IL?

โ–ผ
The average salary across 40 occupations in Waukegan is $54,807. This is 25% below the median household income of $72,841. Insight: The average salary suggests a significant portion of households earn above the average.

What jobs pay the most in Waukegan?

โ–ผ
The highest paying role is Software Developer at $128,252. This is more than double the city's average salary of $54,807. Insight: Tech roles command a premium, likely due to regional demand.

Is Waukegan affordable on a Software Developer salary?

โ–ผ
Yes, a Software Developer salary ($128,252) is highly affordable in Waukegan. The cost of living index is 102.6, only 2.6% above the national average, and 1BR rent is $1,231/month. Insight: This salary provides a comfortable buffer after housing costs.

How does Waukegan's cost of living affect my paycheck?

โ–ผ
Waukegan's COL index of 102.6 means your paycheck has 2.6% less purchasing power than the national average. For an average salary of $54,807, this effectively reduces its value. Insight: The impact is minimal, but higher salaries like $128,252 for Software Developers mitigate it easily.

What salary do you need to live comfortably in Waukegan?

โ–ผ
To live comfortably, a salary around $72,841 (matching the median household income) is advisable. This covers the $1,231/month rent and a 30% housing rule while accounting for the 102.6 COL index. Insight: This salary is 33% higher than the city average, indicating comfort requires above-average earnings.

๐Ÿ“ Editor's Verdict: Is Waukegan Worth It?

Hereโ€™s my honest take: Waukegan isnโ€™t a goldmine, but itโ€™s a solid bet if you play it right. The cost of living is slightly above average (index 102.6), and rent at $1,231 a month eats into that $54,807 average salary. But if youโ€™re in techโ€”specifically software developmentโ€”this place shines. With six-figure pay that holds up even after cost-of-living adjustments, tech workers are the clear winners here. Healthcare and trades can do okay, but the ceiling is lower. If youโ€™re considering the move, donโ€™t come unless you have a job lined up that pays at least $70,000 or youโ€™re in a high-demand field like software. Waukeganโ€™s affordable-ish, but it wonโ€™t hand you a financial win on a silver platter.

Explore Waukegan Further