Average Chief Executives Salary in Memphis, TN-MS-AR
Chief Executives in the Memphis, TN-MS-AR metropolitan area earn an average annual salary of $260,440. This figure is slightly below the national average of $283,090, indicating a localized compensation structure influenced by regional economic factors and industry demand within the area. The specific economic landscape and corporate presence in Memphis shape the compensation packages for top executive roles.
Executive Summary
- Average Salary: $260,440 per year.
- Growth Trend: Salaries have shifted 41.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $390,660.
- Outlook: The Memphis, TN-MS-AR region supports a concentrated workforce of 710 Chief Executives, with a jobs-per-1,000-workers ratio of 1.146. While the Location Quotient of 0.83 suggests a slightly lower concentration compared to the national average, the absolute number of positions indicates a stable, albeit not hyper-concentrated, market for these high-level roles. This suggests a consistent demand for executive leadership within the local business ecosystem.
Salary Overview
The average Chief Executives in Memphis, TN-MS-AR earns-8.0%below the national average.
$125.2
$5,008
$21,703
Chief Executives Salary Trends (2020-2024)
While specific historical data for Chief Executive salary growth in Memphis is not provided, it is generally assumed that executive compensation, like most professional roles, has seen a steady upward trend over the past four years. This growth is typically driven by inflation, increasing company valuations, and the evolving complexities of business operations that necessitate experienced and highly compensated leadership.
Chief Executives Salary Distribution in Memphis, TN-MS-AR
Salary progression for Chief Executives in Memphis, TN-MS-AR, mirrors national trends where experience significantly impacts earning potential. Entry-level executive roles will command lower salaries, while seasoned professionals with a proven track record of strategic leadership and successful business outcomes can expect to earn substantially more. The percentile gaps in salary distribution highlight the substantial rewards associated with advancing through senior executive ranks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,920 | $29.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $195,330 | $93.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $178,340 | $85.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $325,550 | $156.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $390,660 | $187.8 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$260,440
Gross Pay
Real Wage (Purchasing Power)
$260,440
Adjusted for COL (100)
The average annual salary of $260,440 for Chief Executives in Memphis aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an executive's salary in Memphis is equivalent to the national standard, offering a stable financial environment for relocation or long-term residency without significant cost-of-living adjustments.
Job Market Context
710
Total Jobs
1.146
Per 1K Jobs
0.83
Location Quotient
Memphis, TN-MS-AR has 0.83x 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 0.83, the Memphis, TN-MS-AR market for Chief Executives is slightly less concentrated than the national average. This suggests that while executive leadership roles are present and valued, the market is not saturated. Companies seeking top executive talent may find a competitive landscape with opportunities to attract skilled leaders from outside the region, while local executives may face slightly less competition for available positions.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Chief Executives Salary | $156,710↓ 40% | 64 mi |
| Jackson, TN Chief Executives Salary | $206,800↓ 21% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Memphis, TN-MS-AR?
The median annual salary for a Chief Executives in Memphis, TN-MS-AR is $260,440. This typically ranges from $61,920 for entry-level positions to $390,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 8.0% lower than the national median of $283,090.
Is Memphis, TN-MS-AR a lucrative place for Chief Executives?
Yes, with caveats.Chief Executives in Memphis earn $260,440 annually, which is competitive given the national average cost of living. However, the salary is slightly below the national average for the role, indicating a balanced but not exceptionally high-paying market.
Is Memphis, TN-MS-AR a good place to live for Chief Executives?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($156,710) and Jackson, TN.
How does the Memphis Chief Executive salary compare to the national average?
The average annual salary for Chief Executives in Memphis is $260,440, which is approximately 8% lower than the national average of $283,090.
What is the concentration of Chief Executive jobs in Memphis?
The Location Quotient for Chief Executives in Memphis is 0.83, meaning the concentration of these jobs is slightly below the national average.
How does the cost of living in Memphis affect executive salaries?
Memphis has a Cost of Living Index of 100, matching the national average. This means the $260,440 salary offers purchasing power equivalent to the national standard.
What is the total number of Chief Executives in the Memphis workforce?
There are approximately 710 Chief Executives employed within the Memphis, TN-MS-AR 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 710 employees in the Memphis, TN-MS-AR area with a job density of 1.146 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Chief Executives Salaries by State
Top Jobs in Memphis, TN-MS-AR
- All Occupations Salary in Memphis, TN-MS-AR
- Transportation and Material Moving Occupations Salary in Memphis, TN-MS-AR
- Office and Administrative Support Occupations Salary in Memphis, TN-MS-AR
- Food Preparation and Serving Related Occupations Salary in Memphis, TN-MS-AR
- Sales and Related Occupations Salary in Memphis, TN-MS-AR
- Healthcare Practitioners and Technical Occupations Salary in Memphis, TN-MS-AR
- Laborers and Freight, Stock, and Material Movers, Hand Salary in Memphis, TN-MS-AR
- Management Occupations Salary in Memphis, TN-MS-AR
- Production Occupations Salary in Memphis, TN-MS-AR
- Business and Financial Operations Occupations Salary in Memphis, TN-MS-AR
- Browse All Jobs in Memphis, TN-MS-AR →
Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR