Average Chief Executives Salary in Durham-Chapel Hill, NC
Chief Executives in the Durham-Chapel Hill, NC area command an impressive average annual salary of $391,400. This figure significantly outpaces the national average of $283,090, indicating a strong demand and potentially higher value placed on executive leadership within this specific metropolitan region. Factors such as the concentration of specific industries, the presence of major corporations, and the overall economic health of the Research Triangle area likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $391,400 per year.
- Growth Trend: Salaries have shifted 91.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $587,100.
- Outlook: With a local workforce of 220 Chief Executives and a Location Quotient of 0.46, the job market in Durham-Chapel Hill, NC, suggests a specialized but stable demand for top-tier leadership. While not as concentrated as the national average, the presence of this workforce indicates established roles and ongoing opportunities for experienced executives. The number of jobs per 1,000 workers (0.628) further supports the idea of a focused market where executive talent is valued.
Salary Overview
The average Chief Executives in Durham-Chapel Hill, NC earns+38.3%above the national average.
$188.2
$7,527
$32,617
Chief Executives Salary Trends (2020-2024)
While specific historical data for Chief Executive salary growth in Durham-Chapel Hill is not provided, it is reasonable to assume a positive trend over the past four years, mirroring national economic growth and increasing demand for skilled leadership. As the Research Triangle continues to attract and foster innovation-driven companies, the compensation for top executives is likely to have seen consistent appreciation, reflecting the evolving business landscape and the critical role these leaders play in organizational success.
Chief Executives Salary Distribution in Durham-Chapel Hill, NC
The salary trajectory for Chief Executives in Durham-Chapel Hill, NC, typically scales significantly with experience. Entry-level executive roles, while still highly compensated, will be at the lower end of the spectrum, whereas seasoned leaders with a proven track record can command salaries well into the upper percentiles. The substantial gaps between salary percentiles underscore the steep career progression and the significant financial rewards associated with advancing to more senior and impactful executive positions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $118,360 | $56.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $293,550 | $141.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $391,394 | $188.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $489,250 | $235.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $587,100 | $282.3 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$391,400
Gross Pay
Real Wage (Purchasing Power)
$391,400
Adjusted for COL (100)
The average annual salary of $391,400 in Durham-Chapel Hill, NC, offers substantial purchasing power, especially considering the local Cost of Living Index is exactly at the national average of 100. This means that executive compensation in this region effectively maintains its value relative to the rest of the country, allowing for a comfortable lifestyle and significant savings potential for those in top leadership roles.
Job Market Context
220
Total Jobs
0.628
Per 1K Jobs
0.46
Location Quotient
At 0.46x, Durham-Chapel Hill, NC has a notably lower concentration of Chief Executives jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.46 for Chief Executives in Durham-Chapel Hill, NC, indicates that this role is less concentrated locally compared to the national average. This suggests that while there are dedicated executive positions, the market may not be saturated, potentially offering a competitive edge for skilled individuals seeking opportunities. It implies that companies in the area may actively recruit from outside the immediate region to fill these critical leadership roles.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Raleigh-Cary, NC Chief Executives Salary | $325,360↓ 17% | 18 mi |
| Burlington, NC Chief Executives Salary | $285,360↓ 27% | 32 mi |
| Greensboro-High Point, NC Chief Executives Salary | $338,670↓ 13% | 52 mi |
| Eastern North Carolina nonmetropolitan area Chief Executives Salary | $268,020↓ 32% | 56 mi |
| Western North Carolina nonmetropolitan area Chief Executives Salary | $245,590↓ 37% | 56 mi |
Comparing salaries near Durham-Chapel Hill, NC
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Frequently Asked Questions
How much does a Chief Executives make in Durham-Chapel Hill, NC?
The median annual salary for a Chief Executives in Durham-Chapel Hill, NC is $391,400. This typically ranges from $118,360 for entry-level positions to $587,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Durham-Chapel Hill, NC is 38.3% higher than the national median of $283,090.
Is Durham-Chapel Hill, NC a lucrative place for Chief Executives?
Yes, it is a highly lucrative place for Chief Executives.Chief Executives in Durham-Chapel Hill, NC earn significantly above the national average salary, and the cost of living is on par with the national average, making it a financially advantageous location.
Is Durham-Chapel Hill, NC a good place to live for Chief Executives?
The Cost of Living Index in Durham-Chapel Hill, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Durham-Chapel Hill, NC?
Some top paying nearby cities include Raleigh-Cary, NC ($325,360) and Burlington, NC.
How does the Chief Executive salary in Durham-Chapel Hill compare to the national average?
The average annual salary for Chief Executives in Durham-Chapel Hill, NC is $391,400, which is considerably higher than the national average of $283,090.
What is the cost of living in Durham-Chapel Hill, NC?
The Cost of Living Index in Durham-Chapel Hill, NC is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.
How concentrated is the Chief Executive job market in Durham-Chapel Hill, NC?
The job market for Chief Executives in Durham-Chapel Hill, NC has a Location Quotient of 0.46, meaning it is less concentrated than the national average, suggesting a specialized but potentially competitive market.
What is the total number of Chief Executives in Durham-Chapel Hill, NC?
There are approximately 220 Chief Executives employed within the Durham-Chapel Hill, NC metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Durham-Chapel Hill, NC area with a job density of 0.628 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 Durham-Chapel Hill, NC