Average Chief Executives Salary in North Carolina
Chief Executives in North Carolina command an impressive average annual salary of $327,180, significantly surpassing the national average of $283,090. This elevated compensation reflects the state's growing economic influence and the critical strategic decisions these leaders make, driving business success within the region.
Executive Summary
- Average Salary: $327,180 per year.
- Growth Trend: Salaries have shifted 48.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $490,770.
- Outlook: With a local workforce of 2,500 Chief Executives, North Carolina presents a substantial, albeit specialized, employment landscape. The Location Quotient of 0.37 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, they are not as densely populated as in other states, making each position potentially more impactful.
Salary Overview
The average Chief Executives in North Carolina earns+15.6%above the national average.
$157.3
$6,292
$27,265
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a positive salary growth trend for Chief Executives in North Carolina over the past four years, mirroring national economic expansion and increasing demand for high-level leadership. This upward trajectory is likely driven by the state's robust business environment and the continuous need for strategic executive talent.
Chief Executives Salary Distribution in North Carolina
The career path for Chief Executives typically involves significant salary progression. Entry-level executive roles might start at a lower percentile, but with accumulated experience, strategic acumen, and proven leadership, compensation can ascend to the highest percentiles. The widening gap between entry-level and senior executive salaries underscores the value placed on extensive experience and demonstrated success in the role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $115,060 | $55.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $245,385 | $118 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $327,184 | $157.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $408,975 | $196.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $490,770 | $235.9 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$327,180
Gross Pay
Real Wage (Purchasing Power)
$344,763
Adjusted for COL (94.9)
The average annual salary of $327,180 in North Carolina offers considerable purchasing power, especially when contrasted with the state's Cost of Living Index of 94.9, which is slightly below the national average of 100. This means that the nominal salary translates into a higher real income, allowing executives to enjoy a better standard of living compared to many other parts of the country.
Job Market Context
2,500
Total Jobs
0.511
Per 1K Jobs
0.37
Location Quotient
At 0.37x, North Carolina 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 0.37 signifies that Chief Executive roles are less concentrated in North Carolina than the national average. This suggests a market where demand might be more specialized or where companies are actively seeking to establish or expand their executive presence, potentially leading to competitive recruitment for top talent.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Chief Executives Salary | $338,670↑ 4% | 32 mi |
| Burlington, NC Chief Executives Salary | $285,360↓ 13% | 36 mi |
| Winston-Salem, NC Chief Executives Salary | $295,900↓ 10% | 41 mi |
| Durham-Chapel Hill, NC Chief Executives Salary | $391,400↑ 20% | 56 mi |
Comparing salaries near North Carolina
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in North Carolina?
The median annual salary for a Chief Executives in North Carolina is $327,180. This typically ranges from $115,060 for entry-level positions to $490,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Carolina is 15.6% higher than the national median of $283,090.
Is North Carolina a lucrative place for Chief Executives?
Yes, North Carolina is a lucrative state for Chief Executives.Chief Executives in North Carolina earn an average of $327,180 annually, significantly above the national average. Coupled with a cost of living slightly below the national average, this compensation offers strong financial advantages.
Is North Carolina a good place to live for Chief Executives?
With a Cost of Living Index of 94.9 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near North Carolina?
Some top paying nearby cities include Greensboro-High Point, NC ($338,670) and Burlington, NC.
How does the North Carolina salary compare to the national average for Chief Executives?
Chief Executives in North Carolina earn an average of $327,180 annually, which is notably higher than the national average of $283,090.
What is the concentration of Chief Executives in North Carolina compared to the rest of the US?
North Carolina has a lower concentration of Chief Executives, indicated by a Location Quotient of 0.37, meaning these roles are less common per capita than the national average.
How does the cost of living in North Carolina affect the value of a Chief Executive's salary?
With a Cost of Living Index of 94.9, North Carolina is slightly cheaper than the national average. This makes the high average salary of $327,180 provide greater purchasing power for executives living in the state.
What does the total workforce number suggest about the Chief Executive job market in North Carolina?
A total local workforce of 2,500 Chief Executives indicates a significant presence of these high-level positions, suggesting a mature market for executive leadership within the state's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,500 employees in the North Carolina area with a job density of 0.511 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 North Carolina