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Average Chief Executives Salary in Akron, OH

Chief Executives in Akron, OH, command an average annual salary of $240,570. This figure is notably below the national average of $283,090, suggesting that local economic factors and industry concentration play a significant role in compensation for these high-level positions within the Akron metropolitan area.

Executive Summary

  • Average Salary: $240,570 per year.
  • Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $360,855.
  • Outlook: The Akron job market for Chief Executives, while not as concentrated as the national average with a Location Quotient of 0.62, still represents a stable presence with 0.848 jobs per 1,000 workers. The total local workforce of 270 indicates a defined, albeit smaller, pool of opportunities, suggesting a steady demand for experienced leadership within the region's established businesses.
2024 Market Data

Salary Overview

$240,570

The average Chief Executives in Akron, OH earns-15.0%below the national average.

BreakdownBased on 40h/week
Hourly

$115.7

Weekly

$4,626

Monthly

$20,048

Chief Executives Salary Distribution in Akron, OH

The salary range for Chief Executives in Akron, like elsewhere, is heavily influenced by experience. Entry-level positions will naturally fall at the lower end of the spectrum, while seasoned executives with a proven track record of success and extensive leadership experience can command salaries significantly higher than the average. The percentile gaps in compensation clearly signify the career progression and increased value brought by senior-level expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$78,210$37.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$180,428$86.7
ManagerOversees team, compliance, and project delivery.50% (Median)$180,460$86.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$300,713$144.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$360,855$173.5

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$240,570

Gross Pay

Real Wage (Purchasing Power)

$240,570

Adjusted for COL (100)

With an average annual salary of $240,570 and a Cost of Living Index of 100, Chief Executives in Akron find their purchasing power aligns precisely with the national average. This means that the nominal salary translates directly to the expected standard of living, offering stability and predictability for those considering a move to or within the city.

Job Market Context

270

Total Jobs

0.848

Per 1K Jobs

0.62

Location Quotient

Below Average

Akron, OH has 0.62x the national average concentration of Chief Executives jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

The Location Quotient of 0.62 for Chief Executives in Akron indicates that this profession is less concentrated in the area compared to the national average. This suggests that while opportunities exist, the market may be less saturated, potentially offering a unique advantage for highly qualified candidates seeking leadership roles without facing the intense competition found in more heavily concentrated regions.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Canton-Massillon, OH Chief Executives Salary$239,890↓ 0%20 mi
Cleveland, OH Chief Executives Salary$304,920↑ 27%29 mi
Youngstown-Warren, OH Chief Executives Salary$172,890↓ 28%46 mi
Mansfield, OH Chief Executives Salary$248,580↑ 3%57 mi

Comparing salaries near Akron, OH

Hiring Chief Executivess?

Frequently Asked Questions

How much does a Chief Executives make in Akron, OH?

The median annual salary for a Chief Executives in Akron, OH is $240,570. This typically ranges from $78,210 for entry-level positions to $360,855 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Akron, OH is 15.0% lower than the national median of $283,090.

Is Akron, OH a lucrative place for Chief Executives?

No, not compared to the national average.While Chief Executives in Akron earn a substantial $240,570 annually, this is below the national average of $283,090. However, the cost of living is on par with the national average, making the salary's purchasing power equivalent.

Is Akron, OH a good place to live for Chief Executives?

The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Akron, OH?

Some top paying nearby cities include Canton-Massillon, OH ($239,890) and Cleveland, OH.

What is the average salary for a Chief Executive in Akron, OH?

The average annual salary for a Chief Executive in Akron, OH is $240,570.

How does Akron's Chief Executive salary compare to the national average?

The average salary for Chief Executives in Akron ($240,570) is lower than the national average ($283,090).

What is the Cost of Living Index in Akron, OH?

Akron, OH has a Cost of Living Index of 100, which is the same as the national average.

How concentrated is the Chief Executive job market in Akron?

The job market for Chief Executives in Akron is less concentrated than the national average, with a Location Quotient of 0.62.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Akron, OH area with a job density of 0.848 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Akron, OH