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Average Chief Executives Salary in Cleveland, OH

Chief Executives in Cleveland, OH, command an impressive average annual salary of $304,920, surpassing the national average of $283,090. This elevated compensation reflects the strategic importance and high-stakes decision-making inherent in executive leadership roles within the region's economic landscape.

Executive Summary

  • Average Salary: $304,920 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $457,380.
  • Outlook: With a local workforce of 870 Chief Executives, Cleveland presents a moderately concentrated market. The Location Quotient of 0.61 suggests that while the role is present, it is not as densely populated as the national average, indicating potential opportunities for skilled executives to establish themselves within the existing corporate structure.
2024 Market Data

Salary Overview

$304,920

The average Chief Executives in Cleveland, OH earns+7.7%above the national average.

BreakdownBased on 40h/week
Hourly

$146.6

Weekly

$5,864

Monthly

$25,410

Chief Executives Salary Distribution in Cleveland, OH

The salary spectrum for Chief Executives in Cleveland, as elsewhere, is heavily influenced by experience. Entry-level positions will naturally command lower figures, while seasoned executives with a proven track record can expect to reach significantly higher compensation tiers, often in the upper percentiles. The gap between entry-level and senior roles highlights the substantial career progression and earning potential within this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$81,910$39.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$228,690$109.9
ManagerOversees team, compliance, and project delivery.50% (Median)$239,130$115
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$381,150$183.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$457,380$219.9

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$304,920

Gross Pay

Real Wage (Purchasing Power)

$304,920

Adjusted for COL (100)

A nominal salary of $304,920 in Cleveland, OH, is particularly advantageous given the local Cost of Living Index stands precisely at the national average of 100. This means that the purchasing power of an executive's salary in Cleveland is equivalent to the national standard, allowing for a comfortable lifestyle without the premium often associated with higher cost-of-living areas.

Job Market Context

870

Total Jobs

0.842

Per 1K Jobs

0.61

Location Quotient

Below Average

Cleveland, OH has 0.61x the national average concentration of Chief Executives jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

The Location Quotient of 0.61 for Chief Executives in Cleveland indicates a lower concentration of these roles compared to the national average. This suggests that while the market is not oversaturated, there may be fewer opportunities relative to the overall job market size when compared to national benchmarks, potentially making it a more competitive landscape for new entrants.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Akron, OH Chief Executives Salary$240,570↓ 21%29 mi
Canton-Massillon, OH Chief Executives Salary$239,890↓ 21%49 mi
Youngstown-Warren, OH Chief Executives Salary$172,890↓ 43%60 mi
Mansfield, OH Chief Executives Salary$248,580↓ 18%66 mi

Comparing salaries near Cleveland, OH

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Frequently Asked Questions

How much does a Chief Executives make in Cleveland, OH?

The median annual salary for a Chief Executives in Cleveland, OH is $304,920. This typically ranges from $81,910 for entry-level positions to $457,380 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Cleveland, OH is 7.7% higher than the national median of $283,090.

Is Cleveland, OH a lucrative place for Chief Executives?

Yes, Cleveland, OH offers lucrative opportunities for Chief Executives.Chief Executives in Cleveland earn above the national average salary, and the cost of living is on par with the national average, enhancing their real earning potential.

Is Cleveland, OH a good place to live for Chief Executives?

The Cost of Living Index in Cleveland, OH is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Cleveland, OH?

Some top paying nearby cities include Akron, OH ($240,570) and Canton-Massillon, OH.

How does Cleveland's Chief Executive salary compare to the national average?

The average annual salary for Chief Executives in Cleveland, OH is $304,920, which is higher than the national average of $283,090.

What is the concentration of Chief Executives in Cleveland compared to the nation?

Cleveland has a Location Quotient of 0.61 for Chief Executives, meaning the concentration of these roles is lower than the national average.

How does the cost of living in Cleveland affect the Chief Executive salary?

Cleveland's Cost of Living Index is 100, which is the national average. This means the $304,920 salary has standard purchasing power relative to the rest of the country.

What does the total local workforce number imply for Chief Executive roles in Cleveland?

With 870 Chief Executives in the local workforce, it indicates a significant presence of these high-level positions within Cleveland's business environment.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 870 employees in the Cleveland, OH area with a job density of 0.842 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Cleveland, OH