The annual salary statistics of chief executives in Springfield, Massachusetts is shown in Table 1. The wage information of chief executives in Springfield is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $95,620 |
| 25th Percentile Wage | $128,340 |
| 50th Percentile Wage | $163,790 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for chief executives in Springfield, Massachusetts in 5 percentile scales. The median (50th percentile) annual salary is $163,790. The average annual salary of the 25th percentile is $128,340. The average annual salary for the bottom 10 percent earners is $95,620.
The table and chart below show the trend of the median salary of chief executives from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $163,790 | 6.86% | -2.99% |
| 2018 | $152,560 | -0.54% | - |
| 2017 | $153,390 | 4.32% | - |
| 2016 | $146,770 | -3.54% | - |
| 2015 | $151,970 | -9.73% | - |
| 2014 | $166,760 | -1.00% | - |
| 2013 | $168,420 | -0.15% | - |
| 2012 | $168,680 | - | - |
From Table 3 we note that the median annual salary of $163,790 in Springfield is in the middle of salary range for chief executives in state of Massachusetts. In comparison, the annual salary of chief executives in Springfield is 19.4 percent (19.4%) lower than that in the highest paying Worcester and 41.4 percent (41.4%) higher than that in the lowest paying Southwest Massachusetts nonmetropolitan area.