Average Chief Executives Salary in Lansing-East Lansing, MI
Chief Executives in Lansing-East Lansing, MI, earn an average annual salary of $266,940. This figure is slightly below the national average of $283,090, a common occurrence in regions with a cost of living that aligns with the national benchmark. Local economic factors and the specific industry landscape within the Lansing-East Lansing metropolitan area contribute to this compensation level.
Executive Summary
- Average Salary: $266,940 per year.
- Growth Trend: Salaries have shifted 10.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $400,410.
- Outlook: The Lansing-East Lansing market for Chief Executives, while not exceptionally concentrated with a Location Quotient of 0.71, demonstrates a stable presence with 0.98 jobs per 1,000 workers. The total local workforce of 210 indicates a defined, albeit not expansive, demand for top executive talent, suggesting a consistent need for leadership roles within the region's established businesses.
Salary Overview
The average Chief Executives in Lansing-East Lansing, MI earns-5.7%below the national average.
$128.3
$5,133
$22,245
Chief Executives Salary Trends (2020-2024)
While specific historical data for Lansing-East Lansing Chief Executive salaries is not provided, it's reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic growth and increasing demand for experienced leadership. This growth is typically driven by inflation, evolving business needs, and the competitive landscape for executive talent.
Chief Executives Salary Distribution in Lansing-East Lansing, MI
The salary for a Chief Executive role naturally escalates with experience. Entry-level executive positions will command salaries at the lower end of the spectrum, while seasoned leaders with a proven track record of success and strategic impact will occupy the higher percentiles. The significant gap between entry-level and senior executive compensation underscores the substantial career progression and value placed on extensive experience and demonstrated leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $96,020 | $46.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $200,205 | $96.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $186,580 | $89.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $333,675 | $160.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $400,410 | $192.5 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$266,940
Gross Pay
Real Wage (Purchasing Power)
$266,940
Adjusted for COL (100)
The average annual salary of $266,940 in Lansing-East Lansing aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Chief Executive's salary in this region is equivalent to the national average, offering a stable financial environment without the significant premium or discount often associated with higher or lower cost-of-living areas.
Job Market Context
210
Total Jobs
0.98
Per 1K Jobs
0.71
Location Quotient
Lansing-East Lansing, MI has 0.71x 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.
With a Location Quotient of 0.71, the Lansing-East Lansing metropolitan area has a slightly lower concentration of Chief Executive roles compared to the national average. This suggests that while opportunities exist, the market is not saturated, potentially offering a more focused competitive environment for executives seeking to establish or advance their careers in the region.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Jackson, MI Chief Executives Salary | $252,270↓ 5% | 34 mi |
| Mid Michigan nonmetropolitan area Chief Executives Salary | $192,940↓ 28% | 42 mi |
| Southern Michigan nonmetropolitan area Chief Executives Salary | $226,710↓ 15% | 42 mi |
| Northern Michigan nonmetropolitan area Chief Executives Salary | $221,430↓ 17% | 42 mi |
| Upper Peninsula of Michigan nonmetropolitan area Chief Executives Salary | $203,220↓ 24% | 42 mi |
Comparing salaries near Lansing-East Lansing, MI
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Frequently Asked Questions
How much does a Chief Executives make in Lansing-East Lansing, MI?
The median annual salary for a Chief Executives in Lansing-East Lansing, MI is $266,940. This typically ranges from $96,020 for entry-level positions to $400,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 5.7% lower than the national median of $283,090.
Is Lansing-East Lansing, MI a lucrative place for Chief Executives?
Yes, it offers competitive compensation relative to the cost of living.The average salary of $266,940 is strong, especially when balanced against a cost of living index of 100, which matches the national average.
Is Lansing-East Lansing, MI a good place to live for Chief Executives?
The Cost of Living Index in Lansing-East Lansing, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lansing-East Lansing, MI?
Some top paying nearby cities include Jackson, MI ($252,270) and Mid Michigan nonmetropolitan area.
How does the Lansing-East Lansing salary compare to the national average?
The average salary for Chief Executives in Lansing-East Lansing is $266,940, which is slightly lower than the national average of $283,090.
What is the concentration of Chief Executives in Lansing-East Lansing?
The concentration, measured by the Location Quotient, is 0.71, indicating a slightly lower presence of Chief Executives compared to the national average.
How does the cost of living affect the salary in Lansing-East Lansing?
The cost of living in Lansing-East Lansing is at the national average (100), meaning the $266,940 salary offers purchasing power equivalent to the national average.
What does the number of jobs per 1,000 workers suggest for Chief Executives in Lansing-East Lansing?
With 0.98 jobs per 1,000 workers, it indicates a steady, though not exceptionally high, demand for Chief Executive roles within the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Lansing-East Lansing, MI area with a job density of 0.98 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 Lansing-East Lansing, MI