Average Chief Executives Salary in Portland-South Portland, ME
Chief Executives in Portland-South Portland, ME, command an impressive average annual salary of $227,170. While this figure is below the national average of $283,090, it reflects the unique economic landscape and demand for high-level leadership within this specific metropolitan area. Local market dynamics and the concentration of businesses requiring executive oversight significantly influence compensation for these critical roles.
Executive Summary
- Average Salary: $227,170 per year.
- Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $340,755.
- Outlook: The Portland-South Portland, ME, job market for Chief Executives appears robust, supported by a local workforce of 570 individuals in this role. The Location Quotient of 1.47 indicates a higher concentration of these positions compared to the national average, suggesting a strong demand and a potentially stable or growing job market for executive leadership.
Salary Overview
The average Chief Executives in Portland-South Portland, ME earns-19.8%below the national average.
$109.2
$4,369
$18,931
Chief Executives Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Chief Executives in Portland-South Portland, ME, have experienced growth over the past four years, mirroring national trends. Economic expansion, increased business complexity, and the ongoing need for strategic leadership likely contribute to upward pressure on executive compensation in the region.
Chief Executives Salary Distribution in Portland-South Portland, ME
Compensation for Chief Executives typically scales significantly with experience. Entry-level executive roles will naturally command lower salaries, while seasoned leaders with a proven track record of success and extensive industry knowledge will secure positions at the higher end of the pay scale. The percentile gaps in salary data underscore the substantial career progression and earning potential available as executives advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $70,670 | $34 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $170,378 | $81.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $154,690 | $74.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $283,963 | $136.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $340,755 | $163.8 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$227,170
Gross Pay
Real Wage (Purchasing Power)
$227,170
Adjusted for COL (100)
The nominal average salary of $227,170 in Portland-South Portland, ME, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an executive's salary in this region is equivalent to the national standard, offering a stable financial environment without the added pressure of a significantly higher or lower cost of living.
Job Market Context
570
Total Jobs
2.017
Per 1K Jobs
1.47
Location Quotient
With a location quotient of 1.47, Portland-South Portland, ME has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
With a Location Quotient of 1.47, Portland-South Portland, ME, exhibits a notable concentration of Chief Executive roles relative to the national average. This suggests that the job market is more competitive or, conversely, that there's a greater abundance of opportunities for experienced executives in this area compared to many other parts of the country.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Lewiston-Auburn, ME Chief Executives Salary | $166,420↓ 27% | 29 mi |
| Central New Hampshire nonmetropolitan area Chief Executives Salary | $177,790↓ 22% | 67 mi |
| Northern New Hampshire nonmetropolitan area Chief Executives Salary | $203,900↓ 10% | 67 mi |
| Southwestern New Hampshire nonmetropolitan area Chief Executives Salary | $174,920↓ 23% | 67 mi |
| Manchester-Nashua, NH Chief Executives Salary | $212,190↓ 7% | 76 mi |
Comparing salaries near Portland-South Portland, ME
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Portland-South Portland, ME?
The median annual salary for a Chief Executives in Portland-South Portland, ME is $227,170. This typically ranges from $70,670 for entry-level positions to $340,755 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Portland-South Portland, ME is 19.8% lower than the national median of $283,090.
Is Portland-South Portland, ME a lucrative place for Chief Executives?
Yes, it offers competitive executive compensation relative to its cost of living.The average salary of $227,170 is substantial, and with a Cost of Living Index matching the national average, it provides strong purchasing power for executives in the region.
Is Portland-South Portland, ME a good place to live for Chief Executives?
The Cost of Living Index in Portland-South Portland, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Portland-South Portland, ME?
Some top paying nearby cities include Lewiston-Auburn, ME ($166,420) and Central New Hampshire nonmetropolitan area.
How does the Portland-South Portland, ME salary compare to the national average for Chief Executives?
The average salary for Chief Executives in Portland-South Portland, ME, is $227,170, which is lower than the national average of $283,090.
What does the Location Quotient of 1.47 mean for Chief Executives in Portland-South Portland, ME?
A Location Quotient of 1.47 indicates that Chief Executive roles are 47% more concentrated in Portland-South Portland, ME, than the national average, suggesting higher demand or a more specialized market.
How does the Cost of Living in Portland-South Portland, ME, affect the Chief Executive salary?
The Cost of Living Index is 100, matching the national average. This means the $227,170 salary has the same relative purchasing power as the national average salary.
What is the total number of Chief Executives in the Portland-South Portland, ME workforce?
There are approximately 570 Chief Executives employed within the Portland-South Portland, ME, 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 570 employees in the Portland-South Portland, ME area with a job density of 2.017 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 Portland-South Portland, ME