Average Chief Executives Salary in Boston-Cambridge-Newton, MA-NH
Chief Executives in the Boston-Cambridge-Newton, MA-NH metropolitan area command an impressive average annual salary of $341,340. This figure significantly surpasses the national average of $283,090, indicating a strong demand and higher compensation for top leadership roles in this region. The robust economic landscape and concentration of major industries likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $341,340 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $512,010.
- Outlook: The local job market for Chief Executives in Boston-Cambridge-Newton, MA-NH appears robust, evidenced by a total local workforce of 5,540 individuals in this role. The Location Quotient of 1.49 suggests a higher concentration of these positions compared to the national average, signaling a healthy demand for executive talent within the area's diverse economic sectors.
Salary Overview
The average Chief Executives in Boston-Cambridge-Newton, MA-NH earns+20.6%above the national average.
$164.1
$6,564
$28,445
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Chief Executives in the Boston-Cambridge-Newton, MA-NH area have experienced consistent growth over the past four years. This trend is typical for high-demand executive roles in thriving economic hubs, reflecting increasing responsibilities, market pressures, and the overall economic expansion of the region.
Chief Executives Salary Distribution in Boston-Cambridge-Newton, MA-NH
Salary progression for Chief Executives typically scales significantly with experience. Entry-level executive positions will naturally command lower salaries, while seasoned leaders with extensive track records and proven success can expect compensation at the higher end of the spectrum. The substantial percentile gaps in salary distributions for this role underscore the significant career progression and earning potential available to experienced executives.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $108,630 | $52.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $256,005 | $123.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $341,349 | $164.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $426,675 | $205.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $512,010 | $246.2 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$341,340
Gross Pay
Real Wage (Purchasing Power)
$341,340
Adjusted for COL (100)
The nominal average annual salary of $341,340 in Boston-Cambridge-Newton, MA-NH is particularly attractive given the local Cost of Living Index is exactly at the national average of 100. This means that the high executive earnings translate directly into strong purchasing power, allowing Chief Executives to maintain a comparable standard of living to their national counterparts while earning substantially more.
Job Market Context
5,540
Total Jobs
2.046
Per 1K Jobs
1.49
Location Quotient
With a location quotient of 1.49, Boston-Cambridge-Newton, MA-NH has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
With a Location Quotient of 1.49, the Boston-Cambridge-Newton, MA-NH area demonstrates a notable concentration of Chief Executive roles relative to the national average. This suggests that the market is more abundant with opportunities for these high-level positions than in many other regions, potentially indicating a competitive yet rewarding environment for executive talent.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Chief Executives Salary | $269,920↓ 21% | 37 mi |
| Providence-Warwick, RI-MA Chief Executives Salary | $277,540↓ 19% | 38 mi |
| Manchester-Nashua, NH Chief Executives Salary | $212,190↓ 38% | 50 mi |
| Barnstable Town, MA Chief Executives Salary | $210,860↓ 38% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Chief Executives in Boston-Cambridge-Newton, MA-NH is $341,340. This typically ranges from $108,630 for entry-level positions to $512,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 20.6% higher than the national median of $283,090.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Chief Executives?
Yes, it is a highly lucrative place for Chief Executives.Chief Executives in this region earn significantly above the national average, with their high nominal salaries fully supported by a cost of living that matches the national average.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Chief Executives?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Worcester, MA ($269,920) and Providence-Warwick, RI-MA.
How does the local workforce size impact the Chief Executive market?
A local workforce of 5,540 Chief Executives indicates a substantial presence of these roles, suggesting a mature market with numerous opportunities and a significant pool of experienced professionals.
What does a Location Quotient of 1.49 mean for Chief Executives?
A Location Quotient of 1.49 signifies that Chief Executive roles are 49% more concentrated in Boston-Cambridge-Newton, MA-NH than the national average, pointing to higher demand and potentially more specialized opportunities.
How does the cost of living affect the $341,340 salary?
With a Cost of Living Index of 100, the national average, the $341,340 salary offers excellent purchasing power, meaning executive compensation in this area is very strong relative to expenses.
Are there more Chief Executive jobs per capita in Boston-Cambridge-Newton, MA-NH?
Yes, with 2.046 jobs per 1,000 workers, this rate is higher than the national average, indicating a greater prevalence of Chief Executive positions within the local labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,540 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 2.046 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 Boston-Cambridge-Newton, MA-NH