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Average Chief Executives Salary in Tennessee

Chief Executives in Tennessee earn an average annual salary of $223,350, which is below the national average of $283,090. This difference in compensation is often influenced by a variety of factors, including the specific economic landscape, industry concentration, and the overall demand for executive leadership within the state.

Executive Summary

  • Average Salary: $223,350 per year.
  • Growth Trend: Salaries have shifted 33.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $335,025.
  • Outlook: With a local workforce of 5,360 Chief Executives, Tennessee demonstrates a notable presence in this high-level profession. The Location Quotient of 1.19 suggests that this role is slightly more concentrated in Tennessee than the national average, indicating a steady demand and a robust job market for executive talent within the state.
2024 Market Data

Salary Overview

$223,350

The average Chief Executives in Tennessee earns-21.1%below the national average.

BreakdownBased on 40h/week
Hourly

$107.4

Weekly

$4,295

Monthly

$18,613

Chief Executives Salary Distribution in Tennessee

The salary spectrum for Chief Executives in Tennessee varies significantly with experience. Entry-level positions might command lower figures, while seasoned executives with extensive track records and proven leadership capabilities can expect compensation at the higher end of the scale. The percentile gaps in salary distribution clearly signify the substantial career progression and earning potential associated with accumulating experience in this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$44,840$21.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$167,513$80.5
ManagerOversees team, compliance, and project delivery.50% (Median)$173,870$83.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$279,188$134.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$335,025$161.1

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$223,350

Gross Pay

Real Wage (Purchasing Power)

$247,069

Adjusted for COL (90.4)

The average annual salary of $223,350 in Tennessee presents a strong purchasing power, especially when considered against the state's Cost of Living Index of 90.4. This index is below the national average of 100, meaning that the nominal salary earned by Chief Executives in Tennessee can translate into a higher real income and a better standard of living compared to many other parts of the country.

Job Market Context

5,360

Total Jobs

1.635

Per 1K Jobs

1.19

Location Quotient

Above Average

With a location quotient of 1.19, Tennessee has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.

Tennessee's Location Quotient of 1.19 for Chief Executives indicates a slightly higher concentration of these roles compared to the national average. This suggests that the job market for executive leadership is competitive yet stable, with a healthy demand that supports a robust presence of these positions within the state's economic framework.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Nashville-Davidson--Murfreesboro--Franklin, TN Chief Executives Salary$228,020↑ 2%29 mi
Clarksville, TN-KY Chief Executives Salary$181,570↓ 19%67 mi
Huntsville, AL Chief Executives Salary$217,650↓ 3%73 mi
Florence-Muscle Shoals, AL Chief Executives Salary$182,050↓ 18%84 mi

Comparing salaries near Tennessee

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Frequently Asked Questions

How much does a Chief Executives make in Tennessee?

The median annual salary for a Chief Executives in Tennessee is $223,350. This typically ranges from $44,840 for entry-level positions to $335,025 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Tennessee is 21.1% lower than the national median of $283,090.

Is Tennessee a lucrative place for Chief Executives?

Yes, with a caveat.Tennessee offers a strong salary for Chief Executives, which is further enhanced by a cost of living below the national average. While the average salary is lower than the national figure, the reduced cost of living provides significant purchasing power.

Is Tennessee a good place to live for Chief Executives?

With a Cost of Living Index of 90.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Tennessee?

Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($228,020) and Clarksville, TN-KY.

What is the average salary for a Chief Executive in Tennessee?

The average annual salary for a Chief Executive in Tennessee is $223,350.

How does Tennessee's cost of living compare to the national average?

Tennessee's cost of living index is 90.4, which is lower than the national average of 100, making it more affordable than the typical US state.

Is the demand for Chief Executives high in Tennessee?

With a Location Quotient of 1.19, Tennessee shows a slightly higher concentration of Chief Executive roles than the national average, indicating a steady demand.

How many Chief Executives are there in Tennessee?

There are approximately 5,360 Chief Executives employed in Tennessee, representing 1.635 jobs per 1,000 workers.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,360 employees in the Tennessee area with a job density of 1.635 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Tennessee