Average Chief Executives Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
Chief Executives in the Nashville-Davidson--Murfreesboro--Franklin, TN area earn an average annual salary of $228,020. This figure is notably below the national average of $283,090, suggesting that while the role is compensated well, specific local economic factors and industry concentrations may influence this differential compared to other major metropolitan areas.
Executive Summary
- Average Salary: $228,020 per year.
- Growth Trend: Salaries have shifted 29.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $342,030.
- Outlook: The local market for Chief Executives in Nashville-Davidson--Murfreesboro--Franklin, TN, while not as saturated as some national hubs, shows a healthy concentration. With a total local workforce of 2,220 in this role and a Location Quotient of 1.48, indicating a presence 48% higher than the national average, there is a clear demand and established presence for executive leadership within the region's economy.
Salary Overview
The average Chief Executives in Nashville-Davidson--Murfreesboro--Franklin, TN earns-19.5%below the national average.
$109.6
$4,385
$19,002
Chief Executives Salary Trends (2020-2024)
While specific historical data for Chief Executive salary growth in Nashville isn't provided, it's generally assumed that executive compensation, like most professional roles, has seen a steady upward trend over the past four years. Factors such as inflation, economic expansion within the region, and increasing demand for skilled leadership likely contribute to this positive salary trajectory.
Chief Executives Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN
The salary range for Chief Executives can vary significantly based on experience, company size, and industry. Entry-level executive roles typically start at the lower percentiles, while seasoned leaders with extensive track records command salaries in the higher percentiles. The substantial gap between the 10th and 90th percentile earnings signifies clear opportunities for career progression and increased earning potential as one climbs the executive ladder.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $26,000 | $12.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $171,015 | $82.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $179,170 | $86.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $285,025 | $137 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $342,030 | $164.4 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$228,020
Gross Pay
Real Wage (Purchasing Power)
$228,020
Adjusted for COL (100)
The average annual salary of $228,020 for Chief Executives in Nashville-Davidson--Murfreesboro--Franklin, TN aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an executive's salary in this region is equivalent to the national average, offering a stable financial environment without the added pressure of significantly higher or lower living expenses.
Job Market Context
2,220
Total Jobs
2.029
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Nashville-Davidson--Murfreesboro--Franklin, TN has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
A Location Quotient of 1.48 for Chief Executives in Nashville-Davidson--Murfreesboro--Franklin, TN signifies a market that is more concentrated than the national average. This suggests a robust demand for executive talent relative to the general workforce, indicating a competitive yet potentially rewarding environment for those in top leadership positions within the region.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| East Tennessee nonmetropolitan area Chief Executives Salary | $150,210↓ 34% | 29 mi |
| South Central Tennessee nonmetropolitan area Chief Executives Salary | $146,950↓ 36% | 29 mi |
| West Tennessee nonmetropolitan area Chief Executives Salary | $166,670↓ 27% | 29 mi |
| Clarksville, TN-KY Chief Executives Salary | $181,570↓ 20% | 42 mi |
Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Nashville-Davidson--Murfreesboro--Franklin, TN?
The median annual salary for a Chief Executives in Nashville-Davidson--Murfreesboro--Franklin, TN is $228,020. This typically ranges from $26,000 for entry-level positions to $342,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 19.5% lower than the national median of $283,090.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Chief Executives?
Yes, with caveats.While the average salary of $228,020 is below the national average, the strong Location Quotient of 1.48 indicates a concentrated demand for these roles, and the national average cost of living ensures good purchasing power.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Chief Executives?
The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?
Some top paying nearby cities include East Tennessee nonmetropolitan area ($150,210) and South Central Tennessee nonmetropolitan area.
How does Nashville's Chief Executive salary compare to the national average?
The average annual salary for Chief Executives in Nashville is $228,020, which is lower than the national average of $283,090.
What is the concentration of Chief Executive jobs in Nashville?
Nashville has a higher concentration of Chief Executive jobs than the national average, indicated by a Location Quotient of 1.48.
How does the cost of living in Nashville affect executive salaries?
Nashville's cost of living is at the national average (100), meaning the $228,020 salary offers purchasing power equivalent to the national average.
What does the number of local workers in this role suggest?
With 2,220 Chief Executives locally, it indicates a significant presence and established market for executive leadership roles in the Nashville area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,220 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 2.029 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 Nashville-Davidson--Murfreesboro--Franklin, TN