Average Chief Executives Salary in Worcester, MA
Chief Executives in Worcester, MA, command an impressive average annual salary of $269,920. This figure is slightly below the national average of $283,090, indicating a localized market dynamic that influences executive compensation. Factors such as the regional economic landscape and the specific industry concentration within Worcester contribute to this pay scale.
Executive Summary
- Average Salary: $269,920 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $404,880.
- Outlook: Worcester's market for Chief Executives, while not exceptionally concentrated with a Location Quotient of 0.97, supports a stable workforce of 470 individuals in this role. The presence of 1.337 jobs per 1,000 workers suggests a consistent, albeit not rapidly expanding, demand for top-tier executive talent within the region.
Salary Overview
The average Chief Executives in Worcester, MA earns-4.7%below the national average.
$129.8
$5,191
$22,493
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Chief Executive roles in Worcester, as in most major metropolitan areas, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing corporate complexity, and the ongoing need for experienced leadership to navigate evolving market conditions.
Chief Executives Salary Distribution in Worcester, MA
The salary trajectory for Chief Executives in Worcester escalates significantly with experience. Entry-level positions might start at a lower percentile, but seasoned executives with a proven track record can expect to earn substantially more, often reaching the highest percentiles. The widening gap between entry-level and senior executive compensation clearly signifies robust career progression opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $98,840 | $47.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $202,440 | $97.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $217,410 | $104.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $337,400 | $162.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $404,880 | $194.7 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$269,920
Gross Pay
Real Wage (Purchasing Power)
$269,920
Adjusted for COL (100)
Relocating to Worcester, MA, as a Chief Executive presents a financially neutral proposition regarding the cost of living. With a Cost of Living Index of 100, the nominal salary of $269,920 effectively maintains its purchasing power relative to the national average, meaning your executive earnings will go as far in Worcester as they would in a typical US city.
Job Market Context
470
Total Jobs
1.337
Per 1K Jobs
0.97
Location Quotient
Worcester, MA has 0.97x 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.
Worcester's job market for Chief Executives is characterized by a Location Quotient of 0.97, indicating a level of concentration very close to the national average. This suggests that while the demand for these high-level positions is present and stable, the market is neither oversaturated nor exceptionally scarce, offering a balanced competitive environment for executive talent.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Chief Executives Salary | $277,540↑ 3% | 37 mi |
| Amherst Town-Northampton, MA Chief Executives Salary | $189,910↓ 30% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Chief Executives Salary | $341,340↑ 26% | 37 mi |
| Springfield, MA Chief Executives Salary | $244,200↓ 10% | 39 mi |
Comparing salaries near Worcester, MA
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Worcester, MA?
The median annual salary for a Chief Executives in Worcester, MA is $269,920. This typically ranges from $98,840 for entry-level positions to $404,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 4.7% lower than the national median of $283,090.
Is Worcester, MA a lucrative place for Chief Executives?
Yes, with caveats.Worcester offers a strong average salary of $269,920 for Chief Executives, which aligns perfectly with the national cost of living. While slightly below the national average salary, the stable job market and cost-of-living parity make it a financially sound location for executive roles.
Is Worcester, MA a good place to live for Chief Executives?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Providence-Warwick, RI-MA ($277,540) and Amherst Town-Northampton, MA.
How does Worcester's Chief Executive salary compare to the national average?
The average annual salary for Chief Executives in Worcester, MA is $269,920, which is slightly lower than the national average of $283,090.
What is the concentration of Chief Executive jobs in Worcester compared to the rest of the US?
Worcester has a Location Quotient of 0.97 for Chief Executives, indicating that the concentration of these jobs is very close to the national average.
How does the cost of living in Worcester affect the Chief Executive salary?
Worcester's Cost of Living Index is 100, which is the national average. This means the $269,920 salary has the same purchasing power as the national average salary in a typical US city.
What is the total number of Chief Executives employed in Worcester?
There are approximately 470 Chief Executives employed in Worcester, MA, representing 1.337 jobs per 1,000 workers in the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Worcester, MA area with a job density of 1.337 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 Worcester, MA