SalaryNode

Average Chief Executives Salary in Maine

Chief Executives in Maine earn an average annual salary of $184,010, significantly below the national average of $283,090. This disparity is often influenced by the specific economic landscape, industry concentration, and the overall demand for high-level leadership within the state's business environment.

Executive Summary

  • Average Salary: $184,010 per year.
  • Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $276,015.
  • Outlook: With a local workforce of 1,470 Chief Executives and a Location Quotient of 1.69, Maine exhibits a notable concentration of these roles compared to the national average. This suggests a robust demand for executive leadership within the state's specific industries, indicating a healthy and potentially growing job market for top-tier management positions.
2024 Market Data

Salary Overview

$184,010

The average Chief Executives in Maine earns-35.0%below the national average.

BreakdownBased on 40h/week
Hourly

$88.5

Weekly

$3,539

Monthly

$15,334

Chief Executives Salary Distribution in Maine

The salary range for Chief Executives can vary considerably based on experience. Entry-level positions might start at a lower percentile, while seasoned executives with extensive track records command salaries in the higher percentiles. The significant gap between lower and higher percentile earnings underscores the substantial career progression and earning potential within this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$62,490$30
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$138,008$66.3
ManagerOversees team, compliance, and project delivery.50% (Median)$120,160$57.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$230,013$110.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$276,015$132.7

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$184,010

Gross Pay

Real Wage (Purchasing Power)

$165,031

Adjusted for COL (111.5)

A nominal salary of $184,010 in Maine, which has a Cost of Living Index of 111.5 (5.5% above the national average), means that the purchasing power of this salary is slightly diminished compared to areas with a lower cost of living. While still a substantial income, it's important to consider this factor when evaluating the true financial standing of a Chief Executive in the state.

Job Market Context

1,470

Total Jobs

2.317

Per 1K Jobs

1.69

Location Quotient

Major Hub

Maine has 1.7x the national concentration of Chief Executives jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

Maine's Location Quotient of 1.69 for Chief Executives indicates that this profession is 69% more concentrated in Maine than the national average. This suggests a relatively strong presence and potentially higher demand for these roles within the state's economy, making the market more competitive or specialized compared to national averages.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Bangor, ME Chief Executives Salary$194,650↑ 6%31 mi
Lewiston-Auburn, ME Chief Executives Salary$166,420↓ 10%57 mi
Portland-South Portland, ME Chief Executives Salary$227,170↑ 23%83 mi

Comparing salaries near Maine

Hiring Chief Executivess?

Frequently Asked Questions

How much does a Chief Executives make in Maine?

The median annual salary for a Chief Executives in Maine is $184,010. This typically ranges from $62,490 for entry-level positions to $276,015 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Maine is 35.0% lower than the national median of $283,090.

Is Maine a lucrative place for Chief Executives?

Yes, with caveats.While the average salary of $184,010 is below the national average, the high concentration of these roles (LQ 1.69) suggests strong local demand. However, the cost of living being above average requires careful financial planning.

Is Maine a good place to live for Chief Executives?

The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Maine?

Some top paying nearby cities include Bangor, ME ($194,650) and Lewiston-Auburn, ME.

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

The average annual salary for a Chief Executive in Maine is $184,010.

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

The average salary in Maine ($184,010) is considerably lower than the national average of $283,090.

Is there a high demand for Chief Executives in Maine?

With a Location Quotient of 1.69, Maine has a higher concentration of Chief Executive roles than the national average, suggesting a robust local demand.

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

Maine's cost of living is 11.5% higher than the national average, meaning the $184,010 salary has slightly less purchasing power than it would in a lower-cost area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,470 employees in the Maine area with a job density of 2.317 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 Maine