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Average Chief Executives Salary in Kentucky

Chief Executives in Kentucky earn an average annual salary of $208,380, which is notably below the national average of $283,090. This difference in compensation is often influenced by a variety of factors unique to the state's economic landscape, including industry concentration, regional demand, and the overall cost of doing business.

Executive Summary

  • Average Salary: $208,380 per year.
  • Growth Trend: Salaries have shifted 28.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $312,570.
  • Outlook: With a local workforce of 2,950 Chief Executives, Kentucky demonstrates a stable presence in this high-level executive role. The Location Quotient of 1.08 suggests a concentration of these positions that is slightly above the national average, indicating a healthy and potentially growing demand for executive leadership within the state's business community.
2024 Market Data

Salary Overview

$208,380

The average Chief Executives in Kentucky earns-26.4%below the national average.

BreakdownBased on 40h/week
Hourly

$100.2

Weekly

$4,007

Monthly

$17,365

Chief Executives Salary Distribution in Kentucky

The salary range for Chief Executives in Kentucky, like elsewhere, is significantly influenced by experience. Entry-level executive roles will command lower salaries, while seasoned leaders with extensive track records and proven success can expect compensation at the higher end of the spectrum. The percentile gaps in earnings clearly signify the career progression and increased responsibility associated with advancing to senior executive positions.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$56,470$27.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$156,285$75.1
ManagerOversees team, compliance, and project delivery.50% (Median)$146,630$70.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$260,475$125.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$312,570$150.3

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$208,380

Gross Pay

Real Wage (Purchasing Power)

$232,049

Adjusted for COL (89.8)

The average annual salary of $208,380 in Kentucky presents a strong purchasing power, especially when contrasted with the state's Cost of Living Index of 89.8, which is below the national average of 100. This means that the nominal salary earned by Chief Executives in Kentucky can translate into a higher real income and a better quality of life compared to more expensive regions.

Job Market Context

2,950

Total Jobs

1.481

Per 1K Jobs

1.08

Location Quotient

Above Average

With a location quotient of 1.08, Kentucky has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.

A Location Quotient of 1.08 for Chief Executives in Kentucky indicates that the state has a slightly higher concentration of these roles than the national average. This suggests a competitive yet accessible market, where opportunities may be more readily available for qualified executives compared to areas with lower quotients, while also signaling a robust demand for top-tier leadership.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Elizabethtown, KY Chief Executives Salary$155,480↓ 25%66 mi
Louisville/Jefferson County, KY-IN Chief Executives Salary$253,710↑ 22%72 mi
Cincinnati, OH-KY-IN Chief Executives Salary$283,670↑ 36%100 mi

Comparing salaries near Kentucky

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Frequently Asked Questions

How much does a Chief Executives make in Kentucky?

The median annual salary for a Chief Executives in Kentucky is $208,380. This typically ranges from $56,470 for entry-level positions to $312,570 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Kentucky is 26.4% lower than the national median of $283,090.

Is Kentucky a lucrative place for Chief Executives?

Yes, with a caveat regarding the national average.While the average salary of $208,380 is below the national figure, Kentucky's lower cost of living enhances the purchasing power of this income. The slightly above-average concentration of these roles also suggests a stable job market.

Is Kentucky a good place to live for Chief Executives?

With a Cost of Living Index of 89.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Kentucky?

Some top paying nearby cities include Elizabethtown, KY ($155,480) and Louisville/Jefferson County, KY-IN.

What is the average salary for a Chief Executive in Kentucky?

The average annual salary for a Chief Executive in Kentucky is $208,380.

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

The average salary in Kentucky ($208,380) is lower than the national average of $283,090.

Is the job market for Chief Executives strong in Kentucky?

Yes, with a Location Quotient of 1.08, Kentucky has a slightly higher concentration of Chief Executive roles than the national average, indicating a healthy demand.

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

Kentucky's Cost of Living Index is 89.8, meaning the $208,380 salary offers greater purchasing power than it would in a higher cost-of-living area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,950 employees in the Kentucky area with a job density of 1.481 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 Kentucky