Average Chief Executives Salary in Southwest Maine nonmetropolitan area
Chief Executives in the Southwest Maine nonmetropolitan area earn an average annual salary of $146,490. This figure significantly trails the national average of $283,090, indicating a distinct regional compensation structure. Factors such as local economic conditions, industry concentration, and the specific demands of businesses operating within this less urbanized environment likely contribute to this pay differential.
Executive Summary
- Average Salary: $146,490 per year.
- Growth Trend: Salaries have shifted 12.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $235,760.
- Outlook: The job market for Chief Executives in Southwest Maine appears moderately robust, with a total local workforce of 420 individuals in this role. The Location Quotient of 2.18 suggests a concentration of these positions nearly 2.2 times higher than the national average, implying a specialized demand or a higher prevalence of leadership roles relative to the general workforce in this region.
Salary Overview
The average Chief Executives in Southwest Maine nonmetropolitan area earns-48.3%below the national average.
$70.4
$2,817
$12,208
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Chief Executives in Southwest Maine have experienced growth over the past four years, mirroring broader economic trends and inflation. The increasing complexity of business operations and the ongoing need for strategic leadership likely contribute to upward pressure on executive compensation, even in nonmetropolitan areas.
Chief Executives Salary Distribution in Southwest Maine nonmetropolitan area
Experience plays a crucial role in determining Chief Executive compensation. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned executives with extensive track records and proven leadership capabilities can expect to earn significantly more, often reaching into the higher percentiles. The substantial gap between entry-level and senior-level salaries reflects the progression and increasing value associated with accumulated expertise and strategic impact.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,990 | $29.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $109,868 | $52.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,450 | $47.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $183,113 | $88 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $235,760 | $113.3 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$146,490
Gross Pay
Real Wage (Purchasing Power)
$146,490
Adjusted for COL (100)
The average annual salary of $146,490 for Chief Executives in Southwest Maine aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an executive's salary in this region is equivalent to that of an executive earning the national average in a typical U.S. location, suggesting a stable financial environment for those considering a move.
Job Market Context
420
Total Jobs
2.989
Per 1K Jobs
2.18
Location Quotient
Southwest Maine nonmetropolitan area has 2.2x the national concentration of Chief Executives jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 2.18, Southwest Maine exhibits a notable concentration of Chief Executive roles compared to the national average. This suggests that the market for these high-level positions is relatively more abundant or specialized within this nonmetropolitan area, potentially offering more opportunities for qualified candidates or indicating a unique business landscape that favors executive leadership.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Chief Executives Salary | $194,650↑ 33% | 31 mi |
| Lewiston-Auburn, ME Chief Executives Salary | $166,420↑ 14% | 57 mi |
| Portland-South Portland, ME Chief Executives Salary | $227,170↑ 55% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Southwest Maine nonmetropolitan area?
The median annual salary for a Chief Executives in Southwest Maine nonmetropolitan area is $146,490. This typically ranges from $61,990 for entry-level positions to $235,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 48.3% lower than the national median of $283,090.
Is Southwest Maine nonmetropolitan area a lucrative place for Chief Executives?
No, but it offers strong relative concentration.While the average salary of $146,490 is considerably lower than the national average, the Location Quotient of 2.18 indicates a higher-than-average concentration of these roles relative to the national landscape.
Is Southwest Maine nonmetropolitan area a good place to live for Chief Executives?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($194,650) and Lewiston-Auburn, ME.
How does the Southwest Maine salary compare to the national average for Chief Executives?
The average annual salary for Chief Executives in Southwest Maine is $146,490, which is substantially lower than the national average of $283,090.
What is the significance of the Location Quotient in Southwest Maine for Chief Executives?
A Location Quotient of 2.18 signifies that Chief Executive positions are more than twice as concentrated in Southwest Maine compared to the national average, suggesting a specialized demand or higher prevalence of these roles.
How does the cost of living in Southwest Maine affect the Chief Executive salary?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $146,490 salary in Southwest Maine offers purchasing power equivalent to the national average salary in a typical U.S. location.
What is the total number of Chief Executives in Southwest Maine?
There are approximately 420 Chief Executives employed in the Southwest Maine nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Southwest Maine nonmetropolitan area area with a job density of 2.989 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 Southwest Maine nonmetropolitan area