Chief Executives Salary
Chief Executives in Traverse City, MI make a median of $248,510 a year, or about $119.47 an hour. The range runs from $93K at the entry level to $431K for experienced workers. Cost of living is below average (RPP 93.37), which stretches that salary to about $266,156 in buying power. Rent on a 2-bedroom averages $1,224/month, or 8.2% of estimated take-home pay.
So what does $249K get you in Traverse City?
Groceries, utilities, transportation, and healthcare scaled from national averages by Traverse City’s Regional Price Parity (93.37). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About chief executives
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What this looks like in Traverse City
Traverse City sits well above the national pay line for chief executives, local pay runs about 16% higher than the U.S. median of $214K. Housing is manageable: a 2-bedroom at the HUD median costs $1,224/month, 8.6% of take-home, well inside the 30% guideline. Regional Price Parity sits at 93.37 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Combined with manageable housing costs, Traverse City offers a genuinely strong financial position for chief executivess at the median.
Compared to nearby metros
Median pay for chief executives in metros near Traverse City, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Detroit-Warren-Dearborn | $304K | $303K |
| Grand Rapids-Wyoming-Kentwood | $249K | $260K |
| Lansing-East Lansing | $191K | $201K |
| Ann Arbor | $336K | $333K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Traverse City, MI
Entry-level chief executives (10th percentile) start around $93K. Mid-career wages sit at $249K. Top earners bring in $431K or more, a $338K spread from bottom to top.
Chief Executives pay across states
Median income ranked highest to lowest, compared to the national figure
View Chief Executives salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Oregon | $342K | +60% | 910 |
| Washington | $340K | +59% | 3,170 |
| Illinois | $332K | +55% | 4,620 |
| North Carolina | $314K | +47% | 1,930 |
| Virginia | $311K | +45% | 4,870 |
| New Jersey | $310K | +45% | 2,430 |
| Connecticut | $295K | +38% | 1,660 |
| Hawaii | $282K | +32% | 470 |
| South Dakota | $281K | +31% | 510 |
| New York | $258K | +21% | 8,430 |
| Texas | $258K | +20% | 8,780 |
| Michigan | $256K | +19% | 4,950 |
| Indiana | $254K | +19% | 1,820 |
| Maryland | $249K | +16% | 3,180 |
| Rhode Island | $235K | +10% | 460 |
| Pennsylvania | $233K | +9% | 8,850 |
| California | $219K | +2% | 34,700 |
| Nebraska | $215K | +0% | 2,510 |
| Colorado | $213K | -0% | N/A |
| Iowa | $211K | -1% | 3,050 |
| Wisconsin | $208K | -3% | N/A |
| Georgia | $208K | -3% | 4,080 |
| Delaware | $200K | -7% | 390 |
| Tennessee | $199K | -7% | 4,700 |
| Minnesota | $196K | -9% | 6,740 |
| Montana | $182K | -15% | 670 |
| Kentucky | $180K | -16% | 2,070 |
| Idaho | $177K | -17% | 2,920 |
| Ohio | $176K | -18% | 4,470 |
| Vermont | $175K | -18% | 360 |
| Missouri | $172K | -19% | 2,550 |
| Utah | $172K | -20% | 3,140 |
| South Carolina | $169K | -21% | 1,740 |
| New Hampshire | $169K | -21% | N/A |
| Alaska | $167K | -22% | 640 |
| Alabama | $166K | -22% | 810 |
| North Dakota | $165K | -23% | 380 |
| Oklahoma | $164K | -23% | 2,390 |
| Kansas | $158K | -26% | 1,960 |
| West Virginia | $152K | -29% | 1,700 |
| Nevada | $150K | -30% | 1,370 |
| Wyoming | $148K | -31% | 60 |
| Mississippi | $139K | -35% | 310 |
| Maine | $139K | -35% | 1,580 |
| New Mexico | $124K | -42% | 100 |
| Arkansas | $120K | -44% | 3,550 |
Showing 1–10 of 46 states with published data
BLS does not publish data for every state when sample sizes are too small
Track chief executives salary changes
BLS updates this data quarterly. We'll email you when Traverse City numbers change.
Related careers in Management
Frequently asked questions
Can a chief executif afford a 2BR apartment alone in Traverse City?
Yes — at the median salary of $249K, rent takes 8.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,224/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for chief executives in Traverse City?
The 10th-percentile wage — what new chief executives typically earn — is $93K/year. Take-home on that works out to about $5,582/month. At HUD’s $1,224/month FMR, rent would take 22% of that take-home — manageable on an entry-level income.
Is chief executif a high-paying job in Traverse City?
Local pay is 16% above the national median — $249K here vs. $214K nationally.
How does Traverse City compare to the national average for chief executives?
Traverse City pays $249K median vs. the U.S. average of $214K — that’s +16%. After adjusting for local cost of living (RPP 93.37), the purchasing-power equivalent is $266K — still ahead of the national median.
How much do chief executives make in Traverse City, MI?
The median is $248,510 a year, that works out to about $119 an hour. But the range is wide: entry-level workers start around $93,040, and experienced chief executives can clear $431,160. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $249K enough to live in Traverse City?
On that salary, you'd take home roughly $14,267/month after taxes. A 2-bedroom here rents for about $1,224/month, which eats 8.6% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a chief executives salary go in Traverse City?
Traverse City has a Regional Price Parity of 93.37 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median chief executives salary is worth about $266,156 in national-average purchasing power.
Where do chief executives get paid the most?
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.