Average Chief Executives Salary in Mississippi
Chief Executives in Mississippi earn an average annual salary of $155,210, significantly lower than the national average of $283,090. This disparity is often influenced by the state's economic landscape, industry concentration, and the overall demand for top-tier executive talent within the region.
Executive Summary
- Average Salary: $155,210 per year.
- Growth Trend: Salaries have shifted 17.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $237,290.
- Outlook: With a total local workforce of 440 Chief Executives, Mississippi presents a niche market for these high-level positions. The location quotient of 0.27 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, they are less abundant than in more industrialized states.
Salary Overview
The average Chief Executives in Mississippi earns-45.2%below the national average.
$74.6
$2,985
$12,934
Chief Executives Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Chief Executives in Mississippi have experienced gradual growth over the past four years, mirroring general economic trends and the increasing complexity of business operations. This growth is likely driven by the need for experienced leadership to navigate evolving market demands and technological advancements.
Chief Executives Salary Distribution in Mississippi
The salary spectrum for Chief Executives in Mississippi can vary considerably with experience. Entry-level executive roles might command salaries at the lower end of the scale, while seasoned leaders with extensive track records and proven success can expect compensation packages significantly above the average. The percentile gaps clearly illustrate the substantial career progression and earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $97,990 | $47.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $116,408 | $56 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $125,340 | $60.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $194,013 | $93.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $237,290 | $114.1 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$155,210
Gross Pay
Real Wage (Purchasing Power)
$179,020
Adjusted for COL (86.7)
The average annual salary of $155,210 in Mississippi is considerably bolstered by the state's cost of living index of 86.7, which is below the national average of 100. This means that the purchasing power of a Chief Executive's salary in Mississippi is relatively higher, allowing their earnings to stretch further for everyday expenses and lifestyle choices compared to higher-cost regions.
Job Market Context
440
Total Jobs
0.378
Per 1K Jobs
0.27
Location Quotient
At 0.27x, Mississippi has a notably lower concentration of Chief Executives jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A location quotient of 0.27 for Chief Executives in Mississippi signifies that these roles are less concentrated in the state compared to the national benchmark. This suggests a less saturated job market, potentially offering unique opportunities for highly skilled executives, but also indicating a lower overall demand relative to other states.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Chief Executives Salary | $153,520↓ 1% | 43 mi |
Comparing salaries near Mississippi
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Frequently Asked Questions
How much does a Chief Executives make in Mississippi?
The median annual salary for a Chief Executives in Mississippi is $155,210. This typically ranges from $97,990 for entry-level positions to $237,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mississippi is 45.2% lower than the national median of $283,090.
Is Mississippi a lucrative place for Chief Executives?
No, not compared to the national average.While the average salary of $155,210 is substantial, it falls significantly below the national average of $283,090, indicating lower earning potential in this specific role within Mississippi.
Is Mississippi a good place to live for Chief Executives?
With a Cost of Living Index of 86.7 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Mississippi?
Some top paying nearby cities include Jackson, MS ($153,520) and others.
How does Mississippi's cost of living affect executive salaries?
Mississippi's cost of living index of 86.7, being below the national average, means that the $155,210 average salary for Chief Executives offers a relatively good purchasing power locally.
What is the concentration of Chief Executive jobs in Mississippi?
The location quotient of 0.27 indicates that Chief Executive roles are less concentrated in Mississippi than the national average, suggesting a smaller, more specialized job market.
How many Chief Executives are there in Mississippi?
There are approximately 440 Chief Executives employed in Mississippi, representing a small segment of the total workforce.
What is the national average salary for Chief Executives?
The national average annual salary for Chief Executives is $283,090, providing a benchmark against which Mississippi's figures can be compared.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Mississippi area with a job density of 0.378 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 Mississippi