Average Chief Executives Salary in Cedar Rapids, IA
Chief Executives in Cedar Rapids, IA, command an average annual salary of $185,850. This figure is notably lower than the national average of $283,090, reflecting regional economic factors and the specific demand within the local market. While the nominal salary may seem lower, it's crucial to consider the context of the local economy and the cost of living.
Executive Summary
- Average Salary: $185,850 per year.
- Growth Trend: Salaries have shifted 6.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $278,775.
- Outlook: The Cedar Rapids, IA market for Chief Executives, while not as saturated as national hubs, shows a healthy concentration with a Location Quotient of 1.93, indicating a presence nearly double the national average. With a local workforce of 370 individuals in this role, the demand appears stable, suggesting a robust environment for experienced executives.
Salary Overview
The average Chief Executives in Cedar Rapids, IA earns-34.3%below the national average.
$89.4
$3,574
$15,488
Chief Executives Salary Trends (2020-2024)
While specific historical data for Cedar Rapids Chief Executives isn't provided, it's reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic growth and increasing demand for executive leadership. Salary adjustments are typically driven by inflation, company performance, and the evolving responsibilities of C-suite roles.
Chief Executives Salary Distribution in Cedar Rapids, IA
Executive compensation, particularly for Chief Executives, is heavily influenced by experience and demonstrated leadership. Entry-level executive roles will naturally command lower salaries, while seasoned professionals with a proven track record of success and strategic impact can expect to earn significantly more, often reaching the higher percentiles of the salary range. The gap between entry-level and senior roles signifies substantial career progression opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,380 | $23.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $139,388 | $67 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $159,580 | $76.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $232,313 | $111.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $278,775 | $134 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$185,850
Gross Pay
Real Wage (Purchasing Power)
$185,850
Adjusted for COL (100)
The average annual salary of $185,850 for Chief Executives in Cedar Rapids, IA, aligns perfectly with the national average cost of living (100). This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial standing for executives considering a move to the area.
Job Market Context
370
Total Jobs
2.656
Per 1K Jobs
1.93
Location Quotient
Cedar Rapids, IA has 1.9x the national concentration of Chief Executives jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.93 for Chief Executives in Cedar Rapids signifies a market that is more concentrated than the national average. This suggests a higher relative demand or a smaller pool of qualified candidates compared to other regions, potentially offering competitive opportunities for those in executive leadership roles.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Iowa City, IA Chief Executives Salary | $212,600↑ 14% | 23 mi |
| Waterloo-Cedar Falls, IA Chief Executives Salary | $188,840↑ 2% | 50 mi |
| Dubuque, IA Chief Executives Salary | $207,830↑ 12% | 62 mi |
| Davenport-Moline-Rock Island, IA-IL Chief Executives Salary | $281,370↑ 51% | 62 mi |
| Southeast Iowa nonmetropolitan area Chief Executives Salary | $188,240↑ 1% | 79 mi |
Comparing salaries near Cedar Rapids, IA
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Cedar Rapids, IA?
The median annual salary for a Chief Executives in Cedar Rapids, IA is $185,850. This typically ranges from $49,380 for entry-level positions to $278,775 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cedar Rapids, IA is 34.3% lower than the national median of $283,090.
Is Cedar Rapids, IA a lucrative place for Chief Executives?
Yes, with caveats.While the average salary of $185,850 is below the national average, the strong Location Quotient of 1.93 indicates a concentrated demand. Coupled with a national average cost of living, the salary offers stable purchasing power.
Is Cedar Rapids, IA a good place to live for Chief Executives?
The Cost of Living Index in Cedar Rapids, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cedar Rapids, IA?
Some top paying nearby cities include Iowa City, IA ($212,600) and Waterloo-Cedar Falls, IA.
How does the local workforce size affect Chief Executive salaries in Cedar Rapids?
The local workforce of 370 Chief Executives suggests a moderately sized market. While not a massive hub, this number, combined with a Location Quotient above 1, indicates a stable demand for executive talent within the region.
What does a Location Quotient of 1.93 mean for Chief Executives in Cedar Rapids?
A Location Quotient of 1.93 means that Chief Executive roles are nearly twice as concentrated in Cedar Rapids compared to the national average. This suggests a relatively higher demand or a more specialized market for these positions.
How does the cost of living in Cedar Rapids compare to the national average for executives?
Cedar Rapids has a Cost of Living Index of 100, which is exactly the national average. This means that the $185,850 salary for Chief Executives in Cedar Rapids offers purchasing power equivalent to the national average.
Are there many job opportunities for Chief Executives in Cedar Rapids?
With 2.656 jobs per 1,000 workers, Cedar Rapids offers a steady stream of opportunities for Chief Executives, reflecting a consistent need for leadership within the local business community.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Cedar Rapids, IA area with a job density of 2.656 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 Cedar Rapids, IA