Average Chief Executives Salary in Birmingham, AL
Chief Executives in Birmingham, AL earn an average annual salary of $248,740. This figure is notably below the national average of $283,090, suggesting that local economic factors and industry demand in Birmingham play a significant role in compensation for top leadership roles. Understanding these local dynamics is crucial for executive compensation analysis.
Executive Summary
- Average Salary: $248,740 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $373,110.
- Outlook: The job market for Chief Executives in Birmingham, AL, while not as concentrated as the national average (Location Quotient of 0.32), supports a dedicated local workforce of 230 individuals. With 0.436 jobs per 1,000 workers, the demand indicates a stable, albeit specialized, market for executive leadership within the region.
Salary Overview
The average Chief Executives in Birmingham, AL earns-12.1%below the national average.
$119.6
$4,783
$20,728
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 Birmingham, have experienced steady growth over the past four years. This trend is typically driven by increasing business complexity, inflation, and the evolving responsibilities of top leadership positions.
Chief Executives Salary Distribution in Birmingham, AL
The salary range for Chief Executives can vary significantly based on experience. Entry-level executive positions might command salaries at the lower end of the spectrum, while seasoned leaders with extensive track records and proven success can expect compensation towards the higher percentiles. The gap between entry-level and senior executive salaries reflects the value placed on experience, strategic acumen, and leadership impact.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $94,010 | $45.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $186,555 | $89.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $171,680 | $82.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $310,925 | $149.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $373,110 | $179.4 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$248,740
Gross Pay
Real Wage (Purchasing Power)
$248,740
Adjusted for COL (100)
The nominal average salary of $248,740 in Birmingham, AL, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an executive's salary in Birmingham is equivalent to the national average, indicating a balanced economic environment where salaries generally match the cost of essential goods and services.
Job Market Context
230
Total Jobs
0.436
Per 1K Jobs
0.32
Location Quotient
At 0.32x, Birmingham, AL has a notably lower concentration of Chief Executives jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.32, Birmingham, AL, has a lower concentration of Chief Executive roles compared to the national average. This suggests that the market for these high-level positions is less saturated locally, potentially offering unique opportunities for experienced executives to fill specialized leadership needs within regional businesses.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Tuscaloosa, AL Chief Executives Salary | $218,920↓ 12% | 47 mi |
| Northeast Alabama nonmetropolitan area Chief Executives Salary | $158,010↓ 36% | 50 mi |
| Northwest Alabama nonmetropolitan area Chief Executives Salary | $172,530↓ 31% | 50 mi |
| Southwest Alabama nonmetropolitan area Chief Executives Salary | $152,960↓ 39% | 50 mi |
Comparing salaries near Birmingham, AL
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Birmingham, AL?
The median annual salary for a Chief Executives in Birmingham, AL is $248,740. This typically ranges from $94,010 for entry-level positions to $373,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Birmingham, AL is 12.1% lower than the national median of $283,090.
Is Birmingham, AL a lucrative place for Chief Executives?
No, not compared to the national average.While the average salary of $248,740 is substantial, it falls below the national average of $283,090 for Chief Executives. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Birmingham, AL a good place to live for Chief Executives?
The Cost of Living Index in Birmingham, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Birmingham, AL?
Some top paying nearby cities include Tuscaloosa, AL ($218,920) and Northeast Alabama nonmetropolitan area.
What is the average salary for a Chief Executive in Birmingham, AL?
The average annual salary for a Chief Executive in Birmingham, AL is $248,740.
How does Birmingham's Chief Executive salary compare to the national average?
The average salary in Birmingham, AL ($248,740) is lower than the national average of $283,090.
What is the concentration of Chief Executive jobs in Birmingham, AL?
Birmingham, AL has a lower concentration of Chief Executive jobs, indicated by a Location Quotient of 0.32, compared to the national average.
How does the cost of living in Birmingham, AL affect the Chief Executive salary?
Birmingham, AL has a Cost of Living Index of 100, which is the national average. This means the $248,740 salary offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Birmingham, AL area with a job density of 0.436 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 Birmingham, AL