Average Chief Executives Salary in Southwest Minnesota nonmetropolitan area
Chief Executives in the Southwest Minnesota nonmetropolitan area earn an average annual salary of $178,120. This figure is notably lower than the national average of $283,090, reflecting the unique economic landscape and demand dynamics specific to this region. The concentration of these high-level roles is influenced by the local industry mix and the operational scale of businesses present.
Executive Summary
- Average Salary: $178,120 per year.
- Growth Trend: Salaries have shifted 5.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $267,180.
- Outlook: The job market for Chief Executives in Southwest Minnesota, while modest in size with a total local workforce of 230, shows a healthy concentration. A Location Quotient of 1.44 indicates that these roles are more prevalent here than the national average, suggesting a stable demand within the existing business ecosystem. The presence of nearly 2 jobs per 1,000 workers further underscores this localized demand.
Salary Overview
The average Chief Executives in Southwest Minnesota nonmetropolitan area earns-37.1%below the national average.
$85.6
$3,425
$14,843
Chief Executives Salary Trends (2020-2024)
While specific historical data for this niche role in Southwest Minnesota is not provided, it's reasonable to assume that salaries for Chief Executives have seen a general upward trend over the past four years, mirroring national economic growth and increasing responsibilities. Factors such as inflation, industry expansion, and the evolving demands on executive leadership likely contribute to gradual salary increases in this sector.
Chief Executives Salary Distribution in Southwest Minnesota nonmetropolitan area
Salaries for Chief Executives naturally scale with experience and demonstrated leadership impact. Entry-level executive positions, often requiring significant prior experience, will command lower salaries, while seasoned CEOs with a proven track record of success and strategic vision will earn considerably more. The significant percentile gaps observed in executive compensation reflect this progression, rewarding extensive expertise and strategic contributions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,970 | $30.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $133,590 | $64.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $143,160 | $68.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $222,650 | $107 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $267,180 | $128.5 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$178,120
Gross Pay
Real Wage (Purchasing Power)
$178,120
Adjusted for COL (100)
The nominal average salary of $178,120 for Chief Executives in Southwest Minnesota aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial standing relative to typical expenses. Residents can expect their earnings to cover standard living costs without significant deviation from the national norm.
Job Market Context
230
Total Jobs
1.972
Per 1K Jobs
1.44
Location Quotient
With a location quotient of 1.44, Southwest Minnesota nonmetropolitan area has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
With a Location Quotient of 1.44, Southwest Minnesota demonstrates a higher concentration of Chief Executive roles compared to the national average. This suggests that while the absolute number of positions might be smaller than in major metropolitan areas, the relative demand is stronger within this nonmetropolitan region. This indicates a competitive but accessible market for experienced executives looking to lead businesses in this locale.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Chief Executives Salary | $238,120↑ 34% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Chief Executives Salary | $265,030↑ 49% | 58 mi |
Comparing salaries near Southwest Minnesota nonmetropolitan area
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Southwest Minnesota nonmetropolitan area?
The median annual salary for a Chief Executives in Southwest Minnesota nonmetropolitan area is $178,120. This typically ranges from $63,970 for entry-level positions to $267,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Minnesota nonmetropolitan area is 37.1% lower than the national median of $283,090.
Is Southwest Minnesota nonmetropolitan area a lucrative place for Chief Executives?
Yes, relative to its cost of living.While the average salary is below the national average, the Cost of Living Index is also at the national average, making the $178,120 salary quite competitive locally. The higher-than-average Location Quotient also points to a strong regional demand for these roles.
Is Southwest Minnesota nonmetropolitan area a good place to live for Chief Executives?
The Cost of Living Index in Southwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest 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 salary compare to the national average?
The average annual salary for Chief Executives in Southwest Minnesota is $178,120, which is significantly lower than the national average of $283,090.
What is the concentration of Chief Executive jobs in this area?
The Location Quotient for Chief Executives in Southwest Minnesota is 1.44, indicating that these jobs are 44% more concentrated in this region than the national average.
How does the cost of living affect the salary?
The Cost of Living Index in Southwest Minnesota is 100, which is the national average. This means the $178,120 salary offers purchasing power equivalent to the national average.
What is the total number of Chief Executives in this region?
There are approximately 230 Chief Executives employed in the Southwest Minnesota 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 230 employees in the Southwest Minnesota nonmetropolitan area area with a job density of 1.972 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 Minnesota nonmetropolitan area