What is the minimum wage in Illinois?

$15.00 an hour as of July 1, 2026.

What is the corporate tax rate in Illinois?

The top rate is 9.50%. Combines a 7% tax and a 2.5% tax.

What it costs to pay people and earn money in Illinois.

Minimum wage$15.00per hour

Income tax4.95% flat

State sales tax6.25%about 8.98% with local tax

Corporate tax9.50%

The minimum wage is $15.00 an hour, $7.75 above the federal $7.25.

Full time at 40 hours, that is $600 a week or $31,200 a year. It ranks 13 of 51, higher than 33 others.

As of July 1, 2026. Source: U.S. Department of Labor.

Illinois has a flat income tax of 4.95%.

The top rate ranks 24 of 51.

Single filers, as of January 1, 2026. Source: Tax Foundation.

The top corporate income tax rate is 9.50%. Combines a 7% tax and a 2.5% tax.

It ranks 3 of 51.

As of April 2, 2026. Source: Tax Foundation.

The state rate is 6.25%. With the average local tax, shoppers pay about 8.98%.

As of July 1, 2026. Source: Tax Foundation.