Chief Executives Salary

It’s a stretch — at the median salary of $151K, rent takes 31.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,812/month. The 30% guideline puts the comfortable ceiling at roughly $2,700/month in rent — so roommates or a 1-bedroom would ease the math significantly.

The 10th-percentile wage — what new chief executives typically earn — is $123K/year. Take-home on that works out to about $7,406/month.

Local pay runs 29% below the national median — $151K here vs. $214K nationally.

Northwest Alabama nonmetropolitan area pays $151K median vs. the U.S. average of $214K — that’s -29%.

The median is $151,460 a year, that works out to about $73 an hour. But the range is wide: entry-level workers start around $123,440, and experienced chief executives can clear $228,910. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $8,906/month after taxes. A 2-bedroom here rents for about $2,812/month, which eats 31.6% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.

Northwest Alabama nonmetropolitan area has a Regional Price Parity of 100 (100 is the national average). That's right at the national average. After cost-of-living adjustment, the median chief executives salary is worth about $151,460 in national-average purchasing power.

The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.