The average annual salaries for chief executives in the state of Michigan are shown in Table 1. The comparison of the salary statistics of chief executives amongst Michigan cities is shown in Table 2. The salary statistics are 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 | $79,350 |
| 25th Percentile Wage | $132,550 |
| 50th Percentile Wage | $203,290 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for chief executives in Michigan in 5 percentile scales. The median (50th percentile) annual salary is $203,290. The average annual salary of the 25th percentile is $132,550. The average annual salary for the bottom 10 percent is $79,350.
The table and chart below show the trend of the median salary of chief executives from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $203,290 | 17.63% | 26.42% |
| 2017 | $167,450 | 4.35% | - |
| 2016 | $160,160 | -2.75% | - |
| 2015 | $164,570 | 5.34% | - |
| 2014 | $155,790 | 0.59% | - |
| 2013 | $154,870 | 3.41% | - |
| 2012 | $149,590 | - | - |
Table 3 shows the median annual salary of chief executives in some Michigan cities and metropolitan areas. We note that the median annual salary of chief executives in state of Michigan ranges from $62,660 to $205,630. The highest paying area for chief executives in Michigan is Grand Rapids-Wyoming with a median annual salary of $205,630. The second highest paying city/area in Michigan State is Muskegon-Norton Shores (mean annual salary $205,240). The lowest paying area is Northeast Lower Peninsula of Michigan nonmetropolitan area with a median annual salary of $62,660.