Average Chief Executives Salary in Rochester, MN
Chief Executives in Rochester, MN, earn an average annual salary of $205,000. This figure is notably below the national average of $283,090, suggesting that while the role is critical, local economic factors and industry concentration may influence compensation levels in this specific region.
Executive Summary
- Average Salary: $205,000 per year.
- Growth Trend: Salaries have shifted 19.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $307,500.
- Outlook: With a local workforce of 200 Chief Executives, Rochester, MN, presents a focused market for these high-level positions. The Location Quotient of 1.17 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not rapidly expanding, demand for executive leadership within the area's business landscape.
Salary Overview
The average Chief Executives in Rochester, MN earns-27.6%below the national average.
$98.6
$3,942
$17,083
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Chief Executive roles across the nation, including in Rochester, MN, have experienced consistent growth over the past four years. This trend is driven by inflation, increasing business complexity, and the ongoing demand for experienced leadership to navigate evolving market conditions.
Chief Executives Salary Distribution in Rochester, MN
The salary spectrum for Chief Executives in Rochester, MN, typically ranges significantly based on experience. Entry-level executive roles will command lower salaries, while seasoned leaders with extensive track records and proven success can expect compensation at the higher end of the scale. The percentile gaps between these levels signify clear career progression pathways and the increasing value placed on accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,190 | $28.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $153,750 | $73.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $163,490 | $78.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $256,250 | $123.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $307,500 | $147.8 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$205,000
Gross Pay
Real Wage (Purchasing Power)
$205,000
Adjusted for COL (100)
A nominal salary of $205,000 in Rochester, MN, is well-positioned given the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a Chief Executive's salary in Rochester is equivalent to the national standard, allowing for a comparable lifestyle without the financial strain often associated with higher cost-of-living areas.
Job Market Context
200
Total Jobs
1.607
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Rochester, MN has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
The Location Quotient of 1.17 for Chief Executives in Rochester, MN, signifies a job market that is slightly more concentrated than the national average. This suggests that while there is a healthy presence of these roles, the market is not oversaturated, indicating a competitive yet accessible environment for experienced executives seeking opportunities.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| La Crosse-Onalaska, WI-MN Chief Executives Salary | $243,410↑ 19% | 64 mi |
| Eau Claire, WI Chief Executives Salary | $298,140↑ 45% | 74 mi |
| Mankato, MN Chief Executives Salary | $213,500↑ 4% | 75 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Chief Executives Salary | $265,030↑ 29% | 77 mi |
Comparing salaries near Rochester, MN
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Rochester, MN?
The median annual salary for a Chief Executives in Rochester, MN is $205,000. This typically ranges from $60,190 for entry-level positions to $307,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rochester, MN is 27.6% lower than the national median of $283,090.
Is Rochester, MN a lucrative place for Chief Executives?
Moderately so, with a strong cost of living alignment.While the average salary of $205,000 is below the national average, the cost of living being at the national average makes the compensation relatively competitive locally. The slightly higher concentration of these roles suggests consistent demand.
Is Rochester, MN a good place to live for Chief Executives?
The Cost of Living Index in Rochester, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rochester, MN?
Some top paying nearby cities include La Crosse-Onalaska, WI-MN ($243,410) and Eau Claire, WI.
How does Rochester, MN's Chief Executive salary compare to the national average?
The average salary for Chief Executives in Rochester, MN, is $205,000, which is approximately $78,000 less than the national average of $283,090.
What is the concentration of Chief Executive jobs in Rochester, MN?
Rochester, MN has a Location Quotient of 1.17 for Chief Executives, indicating a slightly higher concentration of these roles compared to the national average.
How does the cost of living in Rochester, MN affect the salary?
With a Cost of Living Index of 100, Rochester, MN, matches the national average, meaning the $205,000 salary offers standard purchasing power relative to the rest of the country.
What does the total local workforce number mean for Chief Executives in Rochester, MN?
A total local workforce of 200 Chief Executives suggests a defined market size, with stable opportunities for experienced professionals in leadership roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Rochester, MN area with a job density of 1.607 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 Rochester, MN