Chief Executives Salary

Yes — at the median salary of $197K, rent takes 14.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,661/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new chief executives typically earn — is $73K/year. Take-home on that works out to about $4,409/month.

Pay here is roughly in line with the national average — $197K locally vs. $214K nationally, a 8% difference.

West Central Illinois nonmetropolitan area pays $197K median vs. the U.S. average of $214K — that’s -8%.

The median is $196,780 a year, that works out to about $95 an hour. But the range is wide: entry-level workers start around $73,490, and experienced chief executives can clear $481,990. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $11,400/month after taxes. A 2-bedroom here rents for about $1,661/month, which eats 14.6% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

West Central Illinois 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 $196,780 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.