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Average Chief Executives Salary in Illinois

Chief Executives in Illinois command an impressive average annual salary of $315,570, 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 state's economic landscape.

Executive Summary

  • Average Salary: $315,570 per year.
  • Growth Trend: Salaries have shifted 39.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $473,355.
  • Outlook: With a local workforce of 5,150 Chief Executives and a Location Quotient of 0.62, Illinois presents a moderately concentrated but stable market for these high-level positions. The number of jobs per 1,000 workers, at 0.849, indicates a consistent demand for executive talent, suggesting a robust and enduring job market for experienced leaders.
2024 Market Data

Salary Overview

$315,570

The average Chief Executives in Illinois earns+11.5%above the national average.

BreakdownBased on 40h/week
Hourly

$151.7

Weekly

$6,069

Monthly

$26,298

Chief Executives Salary Distribution in Illinois

The compensation for Chief Executives significantly scales with experience. Entry-level positions, while rare at this executive tier, would command lower salaries, whereas seasoned leaders with extensive track records and proven success can expect to earn substantially more, often reaching into the upper percentiles of the salary range. The wide gap between entry and senior-level earnings signifies clear career progression and the value placed on accumulated expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$110,640$53.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$236,678$113.8
ManagerOversees team, compliance, and project delivery.50% (Median)$315,578$151.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$394,463$189.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$473,355$227.6

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$315,570

Gross Pay

Real Wage (Purchasing Power)

$343,758

Adjusted for COL (91.8)

The average annual salary of $315,570 in Illinois offers considerable purchasing power, especially when contrasted with the state's Cost of Living Index of 91.8, which is below the national average of 100. This means that executive compensation in Illinois stretches further, allowing for a higher standard of living compared to more expensive regions.

Job Market Context

5,150

Total Jobs

0.849

Per 1K Jobs

0.62

Location Quotient

Below Average

Illinois has 0.62x 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.

A Location Quotient of 0.62 indicates that Chief Executive roles are less concentrated in Illinois compared to the national average. This suggests that while the state has a significant number of these positions, the market is not saturated, potentially offering good opportunities for skilled executives seeking to enter or advance within the Illinois market.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Decatur, IL Chief Executives Salary$226,130↓ 28%34 mi
Champaign-Urbana, IL Chief Executives Salary$303,630↓ 4%41 mi
Peoria, IL Chief Executives Salary$283,290↓ 10%43 mi
Springfield, IL Chief Executives Salary$222,080↓ 30%53 mi

Comparing salaries near Illinois

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Frequently Asked Questions

How much does a Chief Executives make in Illinois?

The median annual salary for a Chief Executives in Illinois is $315,570. This typically ranges from $110,640 for entry-level positions to $473,355 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Illinois is 11.5% higher than the national median of $283,090.

Is Illinois a lucrative place for Chief Executives?

Yes, Illinois is a lucrative state for Chief Executives.The average salary of $315,570 significantly exceeds the national average, and the lower cost of living further enhances the financial attractiveness of executive roles in the state.

Is Illinois a good place to live for Chief Executives?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Illinois?

Some top paying nearby cities include Decatur, IL ($226,130) and Champaign-Urbana, IL.

How does the Illinois Chief Executive salary compare to the national average?

Chief Executives in Illinois earn an average of $315,570 annually, which is notably higher than the national average of $283,090.

What is the concentration of Chief Executives in Illinois?

Illinois has a Location Quotient of 0.62 for Chief Executives, indicating a lower concentration compared to the national average.

How does the cost of living in Illinois affect executive salaries?

With a Cost of Living Index of 91.8, Illinois is more affordable than the national average, meaning the $315,570 salary provides greater purchasing power for executives.

What does the total workforce number suggest about the Chief Executive market in Illinois?

A total local workforce of 5,150 Chief Executives suggests a substantial presence of these roles, indicating a significant market for executive leadership within the state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,150 employees in the Illinois area with a job density of 0.849 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 Illinois