Average Chief Executives Salary in Palm Bay-Melbourne-Titusville, FL
Chief Executives in the Palm Bay-Melbourne-Titusville, FL area earn an average annual salary of $237,850. This figure is notably below the national average of $283,090, suggesting that while the role is present, the compensation may be influenced by regional economic factors or industry-specific demands within the locality. The concentration of these high-level positions is slightly above the national benchmark, indicating a specialized market.
Executive Summary
- Average Salary: $237,850 per year.
- Growth Trend: Salaries have shifted 51.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $356,775.
- Outlook: The job market for Chief Executives in Palm Bay-Melbourne-Titusville, FL, while not exceptionally large with a total local workforce of 460, shows a concentration slightly above the national average (Location Quotient of 1.38). This suggests a stable, albeit niche, demand for executive leadership within the region, indicating a moderately robust outlook for experienced professionals in this sector.
Salary Overview
The average Chief Executives in Palm Bay-Melbourne-Titusville, FL earns-16.0%below the national average.
$114.4
$4,574
$19,821
Chief Executives Salary Trends (2020-2024)
While specific historical data for Chief Executive salary growth in Palm Bay-Melbourne-Titusville, FL is not provided, it is generally assumed that compensation for such senior roles experiences consistent, albeit modest, growth over time, mirroring broader economic trends and inflation. Executive compensation packages are often tied to company performance and long-term strategic goals, implying that salary increases would likely align with the economic vitality of the businesses operating within the region.
Chief Executives Salary Distribution in Palm Bay-Melbourne-Titusville, FL
The salary range for Chief Executives can vary significantly based on experience, with entry-level positions typically commanding lower figures and senior executives with extensive track records earning substantially more. The percentile gaps in compensation clearly signify career progression, where demonstrated leadership, strategic acumen, and proven results lead to higher earning potential, moving from the lower percentiles towards the top.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,930 | $28.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $178,388 | $85.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $201,620 | $96.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $297,313 | $142.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $356,775 | $171.5 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$237,850
Gross Pay
Real Wage (Purchasing Power)
$237,850
Adjusted for COL (100)
The average annual salary of $237,850 for Chief Executives in Palm Bay-Melbourne-Titusville, FL aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this executive salary is equivalent to the national average, offering a stable financial standing without the immediate pressure of higher or lower living expenses.
Job Market Context
460
Total Jobs
1.894
Per 1K Jobs
1.38
Location Quotient
With a location quotient of 1.38, Palm Bay-Melbourne-Titusville, FL has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
With a Location Quotient of 1.38, the Palm Bay-Melbourne-Titusville, FL area exhibits a higher concentration of Chief Executive roles compared to the national average. This indicates that the region is a more specialized market for these positions, suggesting that while opportunities might be more focused, there is a discernible demand that supports a slightly denser presence of these executive roles than typically found elsewhere.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Port St. Lucie, FL Chief Executives Salary | $168,060↓ 29% | 50 mi |
| Sebring, FL Chief Executives Salary | $161,010↓ 32% | 59 mi |
| North Florida nonmetropolitan area Chief Executives Salary | $151,000↓ 37% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Chief Executives in Palm Bay-Melbourne-Titusville, FL is $237,850. This typically ranges from $59,930 for entry-level positions to $356,775 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 16.0% lower than the national median of $283,090.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Chief Executives?
Moderately so, with a salary slightly below the national average but a cost of living that matches it.Chief Executives in this area earn $237,850 annually, which is less than the national average, but the local cost of living is exactly at the national average, balancing out the compensation.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Chief Executives?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Port St. Lucie, FL ($168,060) and Sebring, FL.
How does the local workforce size affect Chief Executive opportunities?
The total local workforce of 460 for Chief Executives suggests a specialized market. While not a massive pool, the concentration (LQ of 1.38) indicates these roles are more prevalent here than nationally, pointing to focused opportunities.
What does a Location Quotient of 1.38 mean for Chief Executives?
A Location Quotient of 1.38 signifies that Chief Executive roles are 38% more concentrated in Palm Bay-Melbourne-Titusville, FL than the national average. This suggests a higher relative demand or presence of these positions within the local economy.
How does the cost of living impact the Chief Executive salary in Palm Bay-Melbourne-Titusville, FL?
With a Cost of Living Index of 100, the $237,850 salary offers purchasing power equivalent to the national average. This means the salary effectively supports a standard of living comparable to the rest of the country.
Are there many Chief Executive jobs per 1,000 workers in this area?
There are approximately 1.894 Chief Executive jobs per 1,000 workers in Palm Bay-Melbourne-Titusville, FL. This metric provides context on the prevalence of these roles relative to the broader local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 1.894 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 Palm Bay-Melbourne-Titusville, FL