Average Chief Executives Salary in North Dakota
Chief Executives in North Dakota earn an average annual salary of $232,120. This figure is notably below the national average of $283,090, suggesting that regional economic factors and industry concentration play a significant role in compensation for these high-level positions within the state. The specific economic landscape and demand for executive leadership in North Dakota contribute to this localized pay scale.
Executive Summary
- Average Salary: $232,120 per year.
- Growth Trend: Salaries have shifted 43.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $348,180.
- Outlook: With a total local workforce of 370 Chief Executives, North Dakota presents a relatively concentrated market for these roles. The Location Quotient of 0.63 indicates that this profession is less prevalent in North Dakota compared to the national average, suggesting a niche but potentially stable demand for experienced executives within the state's specific industries.
Salary Overview
The average Chief Executives in North Dakota earns-18.0%below the national average.
$111.6
$4,464
$19,343
Chief Executives Salary Trends (2020-2024)
While specific historical data for North Dakota Chief Executives isn't provided, it's reasonable to assume a general upward trend in executive compensation over the past four years, mirroring national economic growth and increasing demand for strategic leadership. This growth is likely driven by evolving business landscapes and the need for adaptable, forward-thinking executives across various sectors within the state.
Chief Executives Salary Distribution in North Dakota
The salary range for Chief Executives in North Dakota, like elsewhere, is significantly influenced by experience. Entry-level executive roles will command lower salaries, while seasoned professionals with extensive track records and specialized expertise can expect compensation well above the average. The percentile gaps in salary distribution highlight the substantial career progression and earning potential available to those who advance within the executive ranks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $101,590 | $48.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $174,090 | $83.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $171,310 | $82.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $290,150 | $139.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $348,180 | $167.4 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$232,120
Gross Pay
Real Wage (Purchasing Power)
$246,674
Adjusted for COL (94.1)
The average annual salary of $232,120 for Chief Executives in North Dakota is quite robust when considered against the local Cost of Living Index of 94.1. This index is below the national average of 100, meaning that the purchasing power of an executive's salary in North Dakota is likely higher than the nominal figure might initially suggest, offering a favorable lifestyle relative to national benchmarks.
Job Market Context
370
Total Jobs
0.871
Per 1K Jobs
0.63
Location Quotient
North Dakota has 0.63x 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.
A Location Quotient of 0.63 for Chief Executives in North Dakota signifies that the concentration of these roles is lower than the national average. This suggests that while the demand exists, the market is not saturated, potentially offering a competitive advantage for skilled executives seeking opportunities. It implies that specialized experience may be highly valued in this less common, yet critical, professional segment.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Chief Executives Salary | $303,520↑ 31% | 68 mi |
| Minot, ND Chief Executives Salary | $182,110↓ 22% | 85 mi |
Comparing salaries near North Dakota
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Frequently Asked Questions
How much does a Chief Executives make in North Dakota?
The median annual salary for a Chief Executives in North Dakota is $232,120. This typically ranges from $101,590 for entry-level positions to $348,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Dakota is 18.0% lower than the national median of $283,090.
Is North Dakota a lucrative place for Chief Executives?
Yes, with caveats.While the average salary is below the national average, the lower cost of living in North Dakota enhances the purchasing power of the $232,120 annual salary. The market is less concentrated, potentially offering unique opportunities for skilled executives.
Is North Dakota a good place to live for Chief Executives?
With a Cost of Living Index of 94.1 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near North Dakota?
Some top paying nearby cities include Bismarck, ND ($303,520) and Minot, ND.
How does the North Dakota salary compare to the national average for Chief Executives?
The average annual salary for Chief Executives in North Dakota is $232,120, which is below the national average of $283,090.
What is the concentration of Chief Executive jobs in North Dakota?
North Dakota has a Location Quotient of 0.63 for Chief Executives, indicating a lower concentration of these jobs compared to the national average.
How does the cost of living affect the Chief Executive salary in North Dakota?
With a Cost of Living Index of 94.1, North Dakota is more affordable than the national average, making the $232,120 salary potentially go further.
What does the number of Chief Executives (370) imply about the job market in North Dakota?
A total local workforce of 370 Chief Executives suggests a relatively small but established market for these high-level positions within the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the North Dakota area with a job density of 0.871 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 Dakota