Average Chief Executives Salary in Southeast Minnesota nonmetropolitan area
Chief Executives in the Southeast Minnesota nonmetropolitan area earn an average annual salary of $230,580. This figure is notably below the national average of $283,090, suggesting that while the role is compensated well, regional economic factors and industry concentration may influence pay scales compared to larger metropolitan hubs.
Executive Summary
- Average Salary: $230,580 per year.
- Growth Trend: Salaries have shifted 32.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $345,870.
- Outlook: The Southeast Minnesota nonmetropolitan area supports a concentrated workforce of 310 Chief Executives, indicated by a Location Quotient of 1.48. This suggests a higher-than-average presence of these executive roles relative to the national landscape, pointing towards a robust and potentially stable job market for top leadership positions within this specific region.
Salary Overview
The average Chief Executives in Southeast Minnesota nonmetropolitan area earns-18.5%below the national average.
$110.9
$4,434
$19,215
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Chief Executives in Southeast Minnesota have experienced consistent growth over the past four years, mirroring broader economic trends and the increasing demand for strategic leadership. This upward trajectory likely reflects both inflation adjustments and the evolving responsibilities associated with executive roles.
Chief Executives Salary Distribution in Southeast Minnesota nonmetropolitan area
The salary range for Chief Executives typically widens significantly with experience. Entry-level positions, though rare at this executive level, would command lower figures, while seasoned executives with extensive track records and proven leadership capabilities can expect to earn substantially more than the average. The percentile gaps in compensation clearly signify the career progression and value placed on accumulated expertise and strategic impact.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,670 | $25.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $172,935 | $83.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $163,340 | $78.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $288,225 | $138.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $345,870 | $166.3 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$230,580
Gross Pay
Real Wage (Purchasing Power)
$230,580
Adjusted for COL (100)
With an average annual salary of $230,580 and a Cost of Living Index of 100, Chief Executives in Southeast Minnesota experience a purchasing power that aligns directly with the national average. This means that the nominal salary translates effectively into real terms, allowing for a lifestyle comparable to that of executives in other regions with a similar cost of living.
Job Market Context
310
Total Jobs
2.031
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Southeast Minnesota nonmetropolitan area has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
The Location Quotient of 1.48 for Chief Executives in Southeast Minnesota nonmetropolitan area indicates a significant concentration of these roles compared to the national average. This suggests that the market is more specialized and potentially less saturated than national averages, offering a competitive environment where executive talent is highly valued and sought after within the region's specific economic structure.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Chief Executives Salary | $238,120↑ 3% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Chief Executives Salary | $265,030↑ 15% | 58 mi |
Comparing salaries near Southeast Minnesota nonmetropolitan area
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Southeast Minnesota nonmetropolitan area?
The median annual salary for a Chief Executives in Southeast Minnesota nonmetropolitan area is $230,580. This typically ranges from $53,670 for entry-level positions to $345,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Minnesota nonmetropolitan area is 18.5% lower than the national median of $283,090.
Is Southeast Minnesota nonmetropolitan area a lucrative place for Chief Executives?
Yes, with caveats.While the average salary of $230,580 is below the national average, it is still a substantial income. Combined with a national-average cost of living, the purchasing power remains strong for executives in this region.
Is Southeast Minnesota nonmetropolitan area a good place to live for Chief Executives?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($238,120) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the local workforce size impact Chief Executive roles?
A local workforce of 310 Chief Executives suggests a specialized market. While not a massive number, the concentration (LQ of 1.48) indicates these roles are a significant part of the regional economy.
What is the significance of the Location Quotient (LQ) for this role?
An LQ of 1.48 means Chief Executive roles are 48% more concentrated in Southeast Minnesota nonmetropolitan areas than the national average, signaling higher demand or a specific industry focus.
How does the cost of living affect the $230,580 salary?
With a Cost of Living Index of 100, the $230,580 salary offers purchasing power equivalent to the national average, making it a stable financial position.
Are there many job opportunities for Chief Executives in this area?
The data suggests a steady presence of Chief Executive roles, with 2.031 jobs per 1,000 workers, indicating consistent demand within the region's economic framework.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 2.031 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 Southeast Minnesota nonmetropolitan area