Average Compliance Officers Salary in Akron, OH
Compliance Officers in Akron, OH, earn an average annual salary of $81,020. This figure is slightly below the national average of $85,520, reflecting a localized compensation structure influenced by regional economic factors and industry demand within the Akron metropolitan area. While not reaching the national benchmark, this salary provides a solid income in a city with a cost of living that aligns with the national average.
Executive Summary
- Average Salary: $81,020 per year.
- Growth Trend: Salaries have shifted 24.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,060.
- Outlook: Akron's market for Compliance Officers is moderately sized, with a total local workforce of 670 professionals in this field. The Location Quotient of 0.81 suggests a slightly lower concentration of these roles compared to the national average, indicating a stable but not exceptionally high demand. The presence of 2.081 jobs per 1,000 workers signifies a consistent need for compliance expertise within the region's industries.
Salary Overview
The average Compliance Officers in Akron, OH earns-5.3%below the national average.
$39
$1,558
$6,752
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Akron's Compliance Officer salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic shifts, evolving regulatory landscapes, and increased emphasis on corporate governance typically drive salary growth for compliance professionals. This suggests that the current average of $81,020 may have seen incremental increases, reflecting a dynamic job market.
Compliance Officers Salary Distribution in Akron, OH
The career trajectory for Compliance Officers in Akron typically involves significant salary growth with experience. Entry-level positions might start considerably lower than the average, while seasoned professionals with specialized knowledge and extensive experience can command salaries well above $81,020. The percentile gaps between junior and senior roles highlight clear opportunities for career progression and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,130 | $19.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,765 | $29.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,380 | $36.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,275 | $48.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,060 | $60.1 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$81,020
Gross Pay
Real Wage (Purchasing Power)
$81,020
Adjusted for COL (100)
With an average annual salary of $81,020 and a Cost of Living Index of 100, Compliance Officers in Akron find their nominal earnings directly translate to purchasing power comparable to the national average. This means that the $81,020 salary offers a standard of living that is neither significantly enhanced nor diminished by local living expenses, providing financial stability relative to the rest of the country.
Job Market Context
670
Total Jobs
2.081
Per 1K Jobs
0.81
Location Quotient
Akron, OH has 0.81x the national average concentration of Compliance Officers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.81 for Compliance Officers in Akron indicates that the profession is slightly less concentrated than the national average. This suggests that while the demand is present, the market may not be saturated, potentially offering a balanced environment for job seekers. Employers in Akron are likely seeking qualified candidates, but the competition might be less intense than in areas with a higher concentration of these roles.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Compliance Officers Salary | $66,060↓ 18% | 20 mi |
| Cleveland, OH Compliance Officers Salary | $80,520↓ 1% | 29 mi |
| Youngstown-Warren, OH Compliance Officers Salary | $65,010↓ 20% | 46 mi |
| Mansfield, OH Compliance Officers Salary | $68,130↓ 16% | 57 mi |
| Sandusky, OH Compliance Officers Salary | $76,680↓ 5% | 66 mi |
Comparing salaries near Akron, OH
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Akron, OH?
The median annual salary for a Compliance Officers in Akron, OH is $81,020. This typically ranges from $41,130 for entry-level positions to $125,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 5.3% lower than the national median of $85,520.
Is Akron, OH a lucrative place for Compliance Officers?
Moderately lucrative, with earning potential aligning with the national cost of living.Compliance Officers in Akron earn $81,020, which is close to the national average, and the local cost of living is exactly at the national average. This creates a balanced financial environment for professionals in the field.
Is Akron, OH a good place to live for Compliance Officers?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($66,060) and Cleveland, OH.
How does Akron's Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Akron, OH is $81,020, which is slightly lower than the national average of $85,520.
What is the concentration of Compliance Officers in Akron compared to the rest of the US?
Akron has a Location Quotient of 0.81 for Compliance Officers, indicating a slightly lower concentration of these roles relative to the national average.
Does the cost of living in Akron affect the value of a Compliance Officer's salary?
No, the cost of living in Akron is exactly at the national average (100), meaning the $81,020 salary has purchasing power equivalent to the national average.
How many Compliance Officer jobs are there per 1,000 workers in Akron?
There are approximately 2.081 Compliance Officer jobs per 1,000 workers in Akron, OH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 670 employees in the Akron, OH area with a job density of 2.081 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Akron, OH