Average Chief Executives Salary in Central Kentucky nonmetropolitan area
Chief Executives in the Central Kentucky nonmetropolitan area earn an average annual salary of $159,960. This figure is notably lower than the national average of $283,090, reflecting regional economic factors and a smaller scale of operations typical in nonmetropolitan settings. The localized demand and the specific industry mix within Central Kentucky significantly influence compensation levels for these high-level roles.
Executive Summary
- Average Salary: $159,960 per year.
- Growth Trend: Salaries have shifted 34.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $239,940.
- Outlook: The Central Kentucky nonmetropolitan area supports a dedicated workforce of 410 Chief Executives, indicating a stable, albeit niche, market. With a Location Quotient of 1.73, this region shows a concentration of these roles significantly above the national average, suggesting a robust local demand relative to the national distribution. The presence of 2.375 jobs per 1,000 workers further underscores the established need for executive leadership within this specific geographic segment.
Salary Overview
The average Chief Executives in Central Kentucky nonmetropolitan area earns-43.5%below the national average.
$76.9
$3,076
$13,330
Chief Executives Salary Trends (2020-2024)
While specific historical data for this niche role in Central Kentucky is not provided, it is reasonable to assume that salaries for Chief Executives have generally trended upwards over the past four years, mirroring broader economic recovery and inflation. As businesses in the region adapt and grow, the demand for experienced leadership likely solidifies, potentially leading to incremental salary increases to attract and retain top talent.
Chief Executives Salary Distribution in Central Kentucky nonmetropolitan area
The salary spectrum for Chief Executives typically widens considerably with experience. Entry-level executive positions, while rare in this specific role, would command lower compensation, whereas seasoned leaders with extensive track records and proven success can expect to earn significantly more, often reaching into the upper percentiles of the salary range. The substantial gaps between salary percentiles are a clear indicator of the career progression and the value placed on accumulated expertise and strategic leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,240 | $38.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $119,970 | $57.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,230 | $61.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $199,950 | $96.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $239,940 | $115.4 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$159,960
Gross Pay
Real Wage (Purchasing Power)
$159,960
Adjusted for COL (100)
The average annual salary of $159,960 for Chief Executives in Central Kentucky 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. While the nominal salary is lower than the national average for the role, the stable cost of living ensures that the real value of their earnings is maintained relative to national benchmarks.
Job Market Context
410
Total Jobs
2.375
Per 1K Jobs
1.73
Location Quotient
Central Kentucky nonmetropolitan area has 1.7x 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 1.73 signifies that Chief Executive roles are 73% more concentrated in the Central Kentucky nonmetropolitan area than the national average. This indicates a higher relative demand for these positions within the region compared to the rest of the country. While the total workforce is modest, this elevated concentration suggests that the market is competitive, with established opportunities for experienced executives seeking roles in this specific locale.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Elizabethtown, KY Chief Executives Salary | $155,480↓ 3% | 66 mi |
| Louisville/Jefferson County, KY-IN Chief Executives Salary | $253,710↑ 59% | 72 mi |
| Cincinnati, OH-KY-IN Chief Executives Salary | $283,670↑ 77% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
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Frequently Asked Questions
How much does a Chief Executives make in Central Kentucky nonmetropolitan area?
The median annual salary for a Chief Executives in Central Kentucky nonmetropolitan area is $159,960. This typically ranges from $79,240 for entry-level positions to $239,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 43.5% lower than the national median of $283,090.
Is Central Kentucky nonmetropolitan area a lucrative place for Chief Executives?
Yes, with caveats.The average salary of $159,960 is lower than the national average, but the Cost of Living Index of 100 means purchasing power is equivalent. The high Location Quotient indicates strong regional demand.
Is Central Kentucky nonmetropolitan area a good place to live for Chief Executives?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Elizabethtown, KY ($155,480) and Louisville/Jefferson County, KY-IN.
How does the Central Kentucky salary compare to the national average for Chief Executives?
The average salary of $159,960 in Central Kentucky is significantly lower than the national average of $283,090 for Chief Executives.
What does a Location Quotient of 1.73 mean for Chief Executives in Central Kentucky?
A Location Quotient of 1.73 indicates that Chief Executive roles are 73% more concentrated in this region than the national average, suggesting a higher relative demand.
How does the Cost of Living in Central Kentucky affect the Chief Executive salary?
With a Cost of Living Index of 100, the local salary of $159,960 offers purchasing power equivalent to the national average, despite being lower than the national salary figure.
Is the job market for Chief Executives strong in Central Kentucky?
The market shows a strong concentration of roles (LQ 1.73) relative to its size, indicating a robust and established demand for executive leadership within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Central Kentucky nonmetropolitan area area with a job density of 2.375 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 Central Kentucky nonmetropolitan area