Average Chief Executives Salary in Buffalo-Cheektowaga, NY
Chief Executives in Buffalo-Cheektowaga, NY, command an impressive average annual salary of $305,800, surpassing the national average of $283,090. This elevated compensation reflects the strategic importance and high-level decision-making responsibilities inherent in executive leadership roles within the region. Local economic factors and the specific demands of businesses operating in Buffalo-Cheektowaga contribute to this favorable salary landscape.
Executive Summary
- Average Salary: $305,800 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $458,700.
- Outlook: The Buffalo-Cheektowaga area hosts a concentrated workforce of 360 Chief Executives, indicating a stable, albeit not exceptionally high, demand for these critical roles. With a Location Quotient of 0.49, the concentration of these positions is below the national average, suggesting that while opportunities exist, the market is not saturated. This balance points to a potentially robust job market for experienced executives seeking leadership positions.
Salary Overview
The average Chief Executives in Buffalo-Cheektowaga, NY earns+8.0%above the national average.
$147
$5,881
$25,483
Chief Executives Salary Trends (2020-2024)
While specific historical data for Chief Executive salary growth in Buffalo-Cheektowaga is not provided, it is generally assumed that executive compensation, like most professional roles, has seen consistent growth over the past four years. This trend is typically driven by inflation, increasing business complexity, and the ongoing need for skilled leadership to navigate evolving market dynamics and economic conditions.
Chief Executives Salary Distribution in Buffalo-Cheektowaga, NY
The salary trajectory for Chief Executives significantly scales with experience. Entry-level executive roles will naturally command lower compensation, while seasoned professionals with a proven track record of success and extensive leadership experience can expect to earn substantially more. The widening gap between entry-level and senior-level salaries, often reflected in percentile distributions, clearly signifies the career progression and increased value placed on accumulated expertise and strategic acumen.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $107,190 | $51.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $229,350 | $110.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $204,360 | $98.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $382,250 | $183.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $458,700 | $220.5 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$305,800
Gross Pay
Real Wage (Purchasing Power)
$305,800
Adjusted for COL (100)
The average annual salary of $305,800 for Chief Executives in Buffalo-Cheektowaga, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an executive's salary in Buffalo is equivalent to the national standard, offering a stable financial environment for relocation or long-term residence without significant adjustments needed for daily expenses.
Job Market Context
360
Total Jobs
0.669
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Buffalo-Cheektowaga, NY 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 0.49, the Buffalo-Cheektowaga market for Chief Executives is less concentrated than the national average. This suggests that while the absolute number of positions (0.669 jobs per 1,000 workers) is modest, the relative scarcity compared to national benchmarks could imply a competitive landscape for top talent, or conversely, a market with room for growth and opportunity for skilled executives.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Rochester, NY Chief Executives Salary | $304,850↓ 0% | 65 mi |
| Erie, PA Chief Executives Salary | $233,640↓ 24% | 83 mi |
Comparing salaries near Buffalo-Cheektowaga, NY
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Frequently Asked Questions
How much does a Chief Executives make in Buffalo-Cheektowaga, NY?
The median annual salary for a Chief Executives in Buffalo-Cheektowaga, NY is $305,800. This typically ranges from $107,190 for entry-level positions to $458,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Buffalo-Cheektowaga, NY is 8.0% higher than the national median of $283,090.
Is Buffalo-Cheektowaga, NY a lucrative place for Chief Executives?
Yes, Buffalo-Cheektowaga, NY offers a lucrative environment for Chief Executives.The average salary of $305,800 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong purchasing power for these executives.
Is Buffalo-Cheektowaga, NY a good place to live for Chief Executives?
The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Buffalo-Cheektowaga, NY?
Some top paying nearby cities include Rochester, NY ($304,850) and Erie, PA.
How does the Buffalo-Cheektowaga salary compare to the national average for Chief Executives?
Chief Executives in Buffalo-Cheektowaga earn an average of $305,800 annually, which is higher than the national average of $283,090.
What is the concentration of Chief Executive jobs in Buffalo-Cheektowaga?
The Location Quotient for Chief Executives in Buffalo-Cheektowaga is 0.49, indicating a concentration that is below the national average.
Does the cost of living affect the value of a Chief Executive's salary in Buffalo-Cheektowaga?
No, the cost of living in Buffalo-Cheektowaga is exactly at the national average (100), meaning the $305,800 salary has the same purchasing power as it would nationally.
How many Chief Executive jobs are there per 1,000 workers in Buffalo-Cheektowaga?
There are approximately 0.669 Chief Executive jobs per 1,000 workers in the Buffalo-Cheektowaga area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Buffalo-Cheektowaga, NY area with a job density of 0.669 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 Buffalo-Cheektowaga, NY