According to the US Bureau of Labor Statistics, the median pay for cooks is $14.00 per hour, with a median annual income of $29,120. Half of the individuals employed as cooks in the US are paid more; half earn less. In a competitive market like New York City, Chicago, or Los Angeles, restaurant owners should budget between $25,000 to $35,000 annually for a full-time line cook. Keep in mind, however, that payroll taxes, insurance, overtime, bonuses, and benefits are not included in that number.