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Average Chief Executives Salary in Reading, PA

Chief Executives in Reading, PA, command an impressive average annual salary of $296,010. This figure slightly surpasses the national average of $283,090, indicating a strong demand for executive leadership within the local economic landscape. Factors such as the specific industry mix and the concentration of larger corporations in the Reading area likely contribute to this elevated compensation.

Executive Summary

  • Average Salary: $296,010 per year.
  • Growth Trend: Salaries have shifted 35.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $444,015.
  • Outlook: The job market for Chief Executives in Reading, PA, appears robust, with a total local workforce of 260 individuals in this role. The Location Quotient of 1.1 suggests a slightly higher concentration of these positions compared to the national average, implying a steady demand and a potentially competitive environment for top executive talent.
2024 Market Data

Salary Overview

$296,010

The average Chief Executives in Reading, PA earns+4.6%above the national average.

BreakdownBased on 40h/week
Hourly

$142.3

Weekly

$5,693

Monthly

$24,668

Chief Executives Salary Distribution in Reading, PA

The salary range for Chief Executives in Reading, PA, naturally scales with experience. Entry-level positions might start at a lower percentile, while seasoned executives with a proven track record can command salaries well into the upper percentiles. The significant gap between entry-level and senior roles highlights the substantial career progression and earning potential within this profession.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$124,800$60
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$222,008$106.7
ManagerOversees team, compliance, and project delivery.50% (Median)$296,005$142.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$370,013$177.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$444,015$213.5

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$296,010

Gross Pay

Real Wage (Purchasing Power)

$296,010

Adjusted for COL (100)

With an average annual salary of $296,010 and a Cost of Living Index of 100, Chief Executives in Reading, PA, experience a salary that perfectly aligns with the national average cost of living. This means that the purchasing power of their income is equivalent to the national standard, offering a stable financial footing for those considering a move to the area.

Job Market Context

260

Total Jobs

1.518

Per 1K Jobs

1.1

Location Quotient

Above Average

With a location quotient of 1.10, Reading, PA has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.

The Location Quotient of 1.1 for Chief Executives in Reading, PA, indicates that this profession is slightly more concentrated locally than the national average. This suggests a healthy, albeit not overwhelmingly saturated, job market where opportunities exist, and the demand for skilled executives remains consistently present.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Lebanon, PA Chief Executives Salary$218,450↓ 26%26 mi
Lancaster, PA Chief Executives Salary$255,190↓ 14%29 mi
Allentown-Bethlehem-Easton, PA-NJ Chief Executives Salary$289,800↓ 2%30 mi
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Chief Executives Salary$316,130↑ 7%48 mi
York-Hanover, PA Chief Executives Salary$253,200↓ 14%50 mi

Comparing salaries near Reading, PA

Hiring Chief Executivess?

Frequently Asked Questions

How much does a Chief Executives make in Reading, PA?

The median annual salary for a Chief Executives in Reading, PA is $296,010. This typically ranges from $124,800 for entry-level positions to $444,015 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Reading, PA is 4.6% higher than the national median of $283,090.

Is Reading, PA a lucrative place for Chief Executives?

Yes, Reading, PA offers a lucrative environment for Chief Executives.The average salary of $296,010 significantly exceeds the national average, and the cost of living is on par with the national index, indicating strong earning potential.

Is Reading, PA a good place to live for Chief Executives?

The Cost of Living Index in Reading, PA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Reading, PA?

Some top paying nearby cities include Lebanon, PA ($218,450) and Lancaster, PA.

How does the number of Chief Executive jobs in Reading, PA compare nationally?

There are approximately 1.518 Chief Executive jobs per 1,000 workers in Reading, PA, which is slightly above the national average, suggesting a good level of opportunity.

What is the significance of the Location Quotient for Chief Executives in Reading, PA?

A Location Quotient of 1.1 means that Chief Executive roles are 10% more concentrated in Reading, PA, than the national average, indicating a slightly higher demand or presence of these positions.

Does the cost of living in Reading, PA affect the value of a Chief Executive's salary?

No, the cost of living in Reading, PA, is exactly at the national average (100), meaning the $296,010 salary has the same purchasing power as it would nationally.

How many Chief Executives are employed in Reading, PA?

The total local workforce for Chief Executives in Reading, PA, is approximately 260 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Reading, PA area with a job density of 1.518 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Reading, PA