Average Chief Executives Salary in Toledo, OH
Chief Executives in Toledo, OH, command an average annual salary of $249,310. This figure is notably below the national average of $283,090, suggesting that while executive roles are compensated well, the specific economic landscape and industry concentration in Toledo may influence compensation levels compared to broader national trends. Factors such as the local market demand, industry mix, and the overall economic health of the region play a significant role in shaping these executive pay packages.
Executive Summary
- Average Salary: $249,310 per year.
- Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $373,965.
- Outlook: The Toledo market for Chief Executives, while not as concentrated as the national average (Location Quotient of 0.61), still represents a stable segment with 0.843 jobs per 1,000 workers. The local workforce of 250 individuals in this role indicates a dedicated, albeit smaller, pool of executive talent. This suggests a consistent, though not rapidly expanding, demand for top leadership positions within the Toledo area's business community.
Salary Overview
The average Chief Executives in Toledo, OH earns-11.9%below the national average.
$119.9
$4,794
$20,776
Chief Executives Salary Trends (2020-2024)
While specific historical data for Toledo's Chief Executive salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing demands on executive leadership typically drive salary increases over time. Therefore, it's probable that Chief Executives in Toledo have experienced modest salary growth, aligning with broader economic recovery and business development trends.
Chief Executives Salary Distribution in Toledo, OH
The salary range for Chief Executives in Toledo, OH, like elsewhere, is significantly influenced by experience. Entry-level positions, often held by those transitioning into executive roles or managing smaller divisions, will command lower salaries. As executives gain more years of experience, demonstrate a track record of success, and take on greater responsibilities, their compensation escalates considerably. The percentile gaps in salary data, though not detailed here, would clearly signify this progression from junior executive roles to seasoned, high-impact leadership positions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,220 | $38.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $186,983 | $89.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $185,890 | $89.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $311,638 | $149.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $373,965 | $179.8 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$249,310
Gross Pay
Real Wage (Purchasing Power)
$249,310
Adjusted for COL (100)
With an average annual salary of $249,310 and a Cost of Living Index of 100, Chief Executives in Toledo, OH, find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary in Toledo is comparable to what it would be in a typical U.S. city. While the salary is below the national executive average, the neutral cost of living suggests that the effective take-home value of their earnings is relatively stable.
Job Market Context
250
Total Jobs
0.843
Per 1K Jobs
0.61
Location Quotient
Toledo, OH has 0.61x 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 0.61 for Chief Executives in Toledo, OH, indicates that this profession is less concentrated locally compared to the national average. This suggests that while there are opportunities for top executives, the market is not saturated, and demand might be more specialized or tied to specific local industries. Companies seeking to fill these crucial roles may need to actively recruit, potentially offering competitive packages to attract talent from outside the immediate Toledo area.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Chief Executives Salary | $272,140↑ 9% | 20 mi |
| Ann Arbor, MI Chief Executives Salary | $301,860↑ 21% | 43 mi |
| Detroit-Warren-Dearborn, MI Chief Executives Salary | $324,910↑ 30% | 54 mi |
| Jackson, MI Chief Executives Salary | $252,270↑ 1% | 58 mi |
Comparing salaries near Toledo, OH
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Frequently Asked Questions
How much does a Chief Executives make in Toledo, OH?
The median annual salary for a Chief Executives in Toledo, OH is $249,310. This typically ranges from $79,220 for entry-level positions to $373,965 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 11.9% lower than the national median of $283,090.
Is Toledo, OH a lucrative place for Chief Executives?
No, not compared to the national average.While Chief Executives in Toledo earn a substantial $249,310 annually, this is below the national average of $283,090. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Toledo, OH a good place to live for Chief Executives?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Monroe, MI ($272,140) and Ann Arbor, MI.
What is the average salary for a Chief Executive in Toledo, OH?
The average annual salary for a Chief Executive in Toledo, OH is $249,310.
How does Toledo's Chief Executive salary compare to the national average?
The average salary in Toledo ($249,310) is lower than the national average ($283,090) for Chief Executives.
What is the cost of living in Toledo, OH?
The Cost of Living Index in Toledo, OH is 100, which is exactly the national average.
Is there high demand for Chief Executives in Toledo, OH?
The Location Quotient of 0.61 suggests that Chief Executives are less concentrated in Toledo compared to the national average, indicating a moderate rather than exceptionally high demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Toledo, OH area with a job density of 0.843 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 Toledo, OH