Average Chief Executives Salary in Albany-Schenectady-Troy, NY
Chief Executives in the Albany-Schenectady-Troy, NY metropolitan area earn an average annual salary of $191,200. This figure is notably below the national average of $283,090, suggesting that local economic factors and industry concentrations play a significant role in compensation for these high-level positions within the region.
Executive Summary
- Average Salary: $191,200 per year.
- Growth Trend: Salaries have shifted 22.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $286,800.
- Outlook: The Albany-Schenectady-Troy region supports a local workforce of 620 Chief Executives, with a jobs-per-1,000-workers ratio of 1.399. The Location Quotient of 1.02 indicates a concentration of these roles that is very close to the national average, suggesting a stable, albeit not exceptionally high, demand for executive leadership within the area's business landscape.
Salary Overview
The average Chief Executives in Albany-Schenectady-Troy, NY earns-32.5%below the national average.
$91.9
$3,677
$15,933
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Chief Executive roles across the nation, including in regions like Albany-Schenectady-Troy, have experienced steady growth over the past four years. This trend is driven by inflation, increasing business complexity, and the evolving demands placed upon top leadership.
Chief Executives Salary Distribution in Albany-Schenectady-Troy, NY
Compensation for Chief Executives typically scales significantly with experience and demonstrated success. Entry-level executive roles will naturally command lower salaries, while seasoned leaders with extensive track records in driving profitability and strategic growth can expect to earn substantially more, often reaching into the upper percentiles of the salary range. The gap between entry-level and senior positions highlights the substantial career progression and earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $104,820 | $50.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $143,400 | $68.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $172,840 | $83.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $239,000 | $114.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $286,800 | $137.9 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$191,200
Gross Pay
Real Wage (Purchasing Power)
$191,200
Adjusted for COL (100)
The nominal average salary of $191,200 for Chief Executives in Albany-Schenectady-Troy aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an executive's salary in this region is equivalent to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
620
Total Jobs
1.399
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
With a Location Quotient of 1.02, the Albany-Schenectady-Troy area exhibits a job market for Chief Executives that is almost perfectly aligned with the national average in terms of concentration. This suggests a balanced market where the number of executive positions is neither disproportionately high nor low compared to the overall workforce, indicating a steady level of competition and opportunity.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Chief Executives Salary | $246,930↑ 29% | 31 mi |
| Glens Falls, NY Chief Executives Salary | $202,560↑ 6% | 45 mi |
| Kingston, NY Chief Executives Salary | $218,480↑ 14% | 52 mi |
| Southwest New York nonmetropolitan area Chief Executives Salary | $191,140↓ 0% | 68 mi |
| Central East New York nonmetropolitan area Chief Executives Salary | $278,000↑ 45% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Chief Executives make in Albany-Schenectady-Troy, NY?
The median annual salary for a Chief Executives in Albany-Schenectady-Troy, NY is $191,200. This typically ranges from $104,820 for entry-level positions to $286,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 32.5% lower than the national median of $283,090.
Is Albany-Schenectady-Troy, NY a lucrative place for Chief Executives?
No, not compared to the national average.While Chief Executives in Albany-Schenectady-Troy earn a substantial $191,200, this is significantly lower than the national average of $283,090. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Albany-Schenectady-Troy, NY a good place to live for Chief Executives?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($246,930) and Glens Falls, NY.
How does the Albany-Schenectady-Troy salary compare to the national average for Chief Executives?
The average annual salary for Chief Executives in Albany-Schenectady-Troy is $191,200, which is considerably lower than the national average of $283,090.
What is the cost of living in Albany-Schenectady-Troy, NY?
The cost of living index in Albany-Schenectady-Troy is 100, which is exactly the national average.
How concentrated are Chief Executive jobs in Albany-Schenectady-Troy?
The concentration of Chief Executive jobs, indicated by a Location Quotient of 1.02, is very close to the national average, suggesting a stable presence of these roles.
What is the total number of Chief Executives in the Albany-Schenectady-Troy area?
There are approximately 620 Chief Executives employed within the Albany-Schenectady-Troy metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 620 employees in the Albany-Schenectady-Troy, NY area with a job density of 1.399 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY