Average Chief Executives Salary in Scranton--Wilkes-Barre, PA
Chief Executives in Scranton--Wilkes-Barre, PA, command an average annual salary of $271,430. This figure is slightly below the national average of $283,090, suggesting a localized compensation structure influenced by regional economic factors and industry demand within the area. While not reaching the national benchmark, this salary reflects the significant responsibilities and strategic leadership expected of top executives.
Executive Summary
- Average Salary: $271,430 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $407,145.
- Outlook: The job market for Chief Executives in Scranton--Wilkes-Barre, PA, appears stable, with a total local workforce of 320 individuals in this role. The Location Quotient of 0.92 indicates a concentration of these positions that is very close to the national average, suggesting a consistent, albeit not exceptionally high, demand for executive leadership within the region's business landscape.
Salary Overview
The average Chief Executives in Scranton--Wilkes-Barre, PA earns-4.1%below the national average.
$130.5
$5,220
$22,619
Chief Executives Salary Trends (2020-2024)
While specific historical data for Chief Executive salary growth in Scranton--Wilkes-Barre, PA, is not provided, it is reasonable to assume a general upward trend mirroring national economic patterns over the past four years. Executive compensation typically experiences incremental increases driven by inflation, company performance, and evolving market demands for leadership expertise.
Chief Executives Salary Distribution in Scranton--Wilkes-Barre, PA
The salary spectrum for Chief Executives in Scranton--Wilkes-Barre, PA, naturally widens with experience. Entry-level executive roles will command lower salaries, while seasoned leaders with extensive track records and proven success can expect compensation significantly exceeding the average. The percentile gaps in salary distribution highlight the substantial career progression and earning potential available to those who advance to senior executive levels.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $97,110 | $46.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $203,573 | $97.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $201,120 | $96.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $339,288 | $163.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $407,145 | $195.7 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$271,430
Gross Pay
Real Wage (Purchasing Power)
$271,430
Adjusted for COL (100)
With an average annual salary of $271,430 and a Cost of Living Index of 100, Chief Executives in Scranton--Wilkes-Barre, PA, experience a purchasing power that aligns precisely with the national average. This means that the nominal salary translates directly to the expected cost of goods and services, offering a stable financial environment for executives relocating to or residing in the area.
Job Market Context
320
Total Jobs
1.269
Per 1K Jobs
0.92
Location Quotient
Scranton--Wilkes-Barre, PA has 0.92x 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.
The Location Quotient of 0.92 for Chief Executives in Scranton--Wilkes-Barre, PA, signifies a job market that is nearly on par with national concentrations. This suggests that while the region supports a solid base of executive roles, it may not be a primary hub for an exceptionally high density of these positions compared to larger metropolitan areas, indicating a moderately competitive but accessible market.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Chief Executives Salary | $168,460↓ 38% | 50 mi |
| Allentown-Bethlehem-Easton, PA-NJ Chief Executives Salary | $289,800↑ 7% | 57 mi |
| Southwest New York nonmetropolitan area Chief Executives Salary | $191,140↓ 30% | 64 mi |
| Central East New York nonmetropolitan area Chief Executives Salary | $278,000↑ 2% | 64 mi |
| Capital/Northern New York nonmetropolitan area Chief Executives Salary | $173,380↓ 36% | 64 mi |
Comparing salaries near Scranton--Wilkes-Barre, PA
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Frequently Asked Questions
How much does a Chief Executives make in Scranton--Wilkes-Barre, PA?
The median annual salary for a Chief Executives in Scranton--Wilkes-Barre, PA is $271,430. This typically ranges from $97,110 for entry-level positions to $407,145 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Scranton--Wilkes-Barre, PA is 4.1% lower than the national median of $283,090.
Is Scranton--Wilkes-Barre, PA a lucrative place for Chief Executives?
Yes, with caveats.The average salary of $271,430 is substantial, and with a cost of living at the national average, purchasing power is maintained. However, it is slightly below the national average salary for the role.
Is Scranton--Wilkes-Barre, PA a good place to live for Chief Executives?
The Cost of Living Index in Scranton--Wilkes-Barre, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Scranton--Wilkes-Barre, PA?
Some top paying nearby cities include Binghamton, NY ($168,460) and Allentown-Bethlehem-Easton, PA-NJ.
How does the Scranton--Wilkes-Barre Chief Executive salary compare to the national average?
The average annual salary for Chief Executives in Scranton--Wilkes-Barre, PA, is $271,430, which is slightly lower than the national average of $283,090.
What is the concentration of Chief Executive jobs in Scranton--Wilkes-Barre, PA?
The concentration, measured by the Location Quotient, is 0.92, indicating that the presence of Chief Executive roles in Scranton--Wilkes-Barre, PA, is very close to the national average.
Does the cost of living affect the value of a Chief Executive's salary in Scranton--Wilkes-Barre, PA?
No, the cost of living in Scranton--Wilkes-Barre, PA, is exactly at the national average (100), meaning the $271,430 salary offers purchasing power equivalent to the national benchmark.
How many Chief Executives are there in Scranton--Wilkes-Barre, PA?
There are approximately 320 Chief Executives employed within the Scranton--Wilkes-Barre, PA, metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Scranton--Wilkes-Barre, PA area with a job density of 1.269 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 Scranton--Wilkes-Barre, PA