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Average Chief Executives Salary in Virginia

Chief Executives in Virginia command an impressive average annual salary of $336,960, significantly surpassing the national average of $283,090. This elevated compensation reflects Virginia's robust economic landscape and the high-value strategic leadership required for top executive roles within the state's diverse industries.

Executive Summary

  • Average Salary: $336,960 per year.
  • Growth Trend: Salaries have shifted 42.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $505,440.
  • Outlook: With a local workforce of 4,620 Chief Executives, Virginia presents a substantial, albeit specialized, job market. The Location Quotient of 0.83 indicates a slightly lower concentration of these roles compared to the national average, suggesting a competitive environment where experienced leadership is sought after but not overwhelmingly abundant.
2024 Market Data

Salary Overview

$336,960

The average Chief Executives in Virginia earns+19.0%above the national average.

BreakdownBased on 40h/week
Hourly

$162

Weekly

$6,480

Monthly

$28,080

Chief Executives Salary Distribution in Virginia

The salary spectrum for Chief Executives in Virginia widens considerably with experience. Entry-level positions might start in the lower percentiles, while seasoned executives with proven track records and extensive leadership experience can command salaries in the upper 90th percentile. These percentile gaps clearly signify the substantial career progression and earning potential tied to seniority and demonstrated success in the role.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$131,060$63
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$252,720$121.5
ManagerOversees team, compliance, and project delivery.50% (Median)$336,960$162
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$421,200$202.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$505,440$243

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$336,960

Gross Pay

Real Wage (Purchasing Power)

$332,308

Adjusted for COL (101.4)

The average annual salary of $336,960 in Virginia offers strong purchasing power, especially when considered against the local Cost of Living Index of 101.4. This index indicates that living expenses are only marginally higher than the national average, meaning that the substantial executive salary translates into a comfortable lifestyle and significant disposable income for those residing in the state.

Job Market Context

4,620

Total Jobs

1.137

Per 1K Jobs

0.83

Location Quotient

Below Average

Virginia has 0.83x 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.

Virginia's Location Quotient of 0.83 for Chief Executives suggests that while the state employs a notable number of these high-level professionals, the market is not as saturated as the national average. This implies a healthy demand for skilled executives, offering a potentially advantageous environment for those seeking leadership positions or looking to advance their careers in the state.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Charlottesville, VA Chief Executives Salary$374,910↑ 11%25 mi
Richmond, VA Chief Executives Salary$297,820↓ 12%41 mi
Lynchburg, VA Chief Executives Salary$294,480↓ 13%61 mi

Comparing salaries near Virginia

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Frequently Asked Questions

How much does a Chief Executives make in Virginia?

The median annual salary for a Chief Executives in Virginia is $336,960. This typically ranges from $131,060 for entry-level positions to $505,440 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Virginia is 19.0% higher than the national median of $283,090.

Is Virginia a lucrative place for Chief Executives?

Yes, Virginia is a lucrative place for Chief Executives.The average salary of $336,960 significantly exceeds the national average, and the cost of living is only slightly above the national benchmark, indicating strong real income.

Is Virginia a good place to live for Chief Executives?

The Cost of Living Index in Virginia is 101.4. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Virginia?

Some top paying nearby cities include Charlottesville, VA ($374,910) and Richmond, VA.

How does Virginia's Chief Executive salary compare to the national average?

Chief Executives in Virginia earn an average of $336,960 annually, which is notably higher than the national average of $283,090.

What is the concentration of Chief Executives in Virginia?

Virginia has a Location Quotient of 0.83 for Chief Executives, meaning the concentration of these roles is slightly below the national average.

How does the cost of living in Virginia affect the salary?

With a Cost of Living Index of 101.4, Virginia is only slightly more expensive than the national average, making the high executive salary translate well into purchasing power.

How many Chief Executives work in Virginia?

There are approximately 4,620 Chief Executives employed within Virginia, representing 1.137 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 4,620 employees in the Virginia area with a job density of 1.137 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 Virginia