PricingCustomersResources
Try for FreeRequest a Demo
Open MenuClose Menu icon

salary information

Salary Information for a Chief Technology Officer in United States

Median salary:

This data reflects Total Cash for a Level 5 Chief Technology Officer at a mid-size company. To get more detailed information on total compensation for the role of Chief Technology Officer in United States, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Chief Technology Officer in United States?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

Total Comp (TC)

Cost of Living (COL) Index
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Chief Technology Officer in United States?

Executive that represents the engineering function. Leads the business in the implementation of the new technologies or leads the product team to make sure the product is still relevant and fit for purpose.

What are the characteristics of a level 5 Chief Technology Officer?

A level 5 Chief Technology Officer in United States is typically a C-Suite executive, CXO or EVP who reports directly to the CEO.

Chief Technology Officer

Benchmark Role

Executive

Job Type

Software Engineering

Job Family

Technology

Job Area

Quality of Life for a High-Income Earner in the United States

Income Overview

  • Annual Salary: $374,680
  • Monthly Income (Pre-tax): Approx. $31,223
  • Top Percentile: This salary places the individual in the top income brackets, as it significantly exceeds the U.S. median household income of roughly $74,000.

Cost of Living

  • General Costs: The cost of living varies widely across the U.S. Urban centers like New York and San Francisco are more expensive, whereas rural areas and smaller cities offer a lower cost of living.
  • Savings Potential: With this income level, the potential for substantial savings and investment is strong, even in high-cost areas.

Housing Market

  • Average Home Price: As of 2023, the median home price in the U.S. is around $375,000.
  • Affordability: This income allows for significant choice and flexibility when purchasing a home. Affordability in high-demand markets is more accessible, and luxury housing options are within reach.

Quality of Life

  • Discretionary Spending: High discretionary income enables spending on luxury goods, experiences, vacations, and hobbies.
  • Work-Life Balance: Greater financial stability can lead to enhanced work-life balance through options like hiring help, outsourcing tasks, or opting for flexible work conditions.

Access to Healthcare

  • Insurance: A high salary offers the ability to afford premium health insurance plans.
  • Healthcare Quality: This income ensures access to high-quality healthcare providers and specialists, better facilities, and more comprehensive care options.

Quality of K-12 Schools

  • Public vs. Private: Individuals at this income level can afford private schooling or choose to live in areas with high-performing public schools.
  • Educational Resources: Ability to invest in additional educational resources, such as tutoring, extracurricular activities, and educational technology.

Summary

A salary of $374,680 per year greatly enhances one's quality of life relative to the average U.S. citizen. It provides substantial flexibility and choice in housing, healthcare, and education. While the cost of living can vary, this income ensures a comfortable standard of living and access to many premium services and opportunities, significantly surpassing what the average American can typically access. The ability to save, invest, and spend on quality of life improvements is markedly higher, positioning individuals in the top tier of economic stability and opportunity within the U

See salary information for the Chief Technology Officer role elsewhere in the United States

Try OpenComp today

Sign-up to search for more detailed compensation information that includes base pay, total cash, and equity by role, city, and job level

What is OpenComp? OpenComp provides innovative solutions for compensation management. Organizations use OpenComp to:

OpenComp aggregates multiple data sources to provide accurate salary data for United States, specifically for a Level 5 Chief Technology Officer. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

You are in safe hands with us.

Feel confident that your comp data is safe and secure with OpenComp's access controls, data encryption, security certifications and system audits.