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Average Compliance Officers Salary in Albany-Schenectady-Troy, NY

Compliance Officers in the Albany-Schenectady-Troy, NY area earn an average annual salary of $83,110. This figure is slightly below the national average of $85,520, suggesting a localized compensation structure influenced by regional economic factors and industry demand within the state capital region. Despite the minor difference, the role remains a critical function within the local business landscape.

Executive Summary

  • Average Salary: $83,110 per year.
  • Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $120,480.
  • Outlook: The Albany-Schenectady-Troy region supports a dedicated workforce of 1,500 Compliance Officers. With a Location Quotient of 1.32, this indicates a higher concentration of these professionals compared to the national average, suggesting robust demand and a well-established presence of compliance roles within the local economy. This concentration points to a stable and potentially growing job market for compliance expertise in the area.
2024 Market Data

Salary Overview

$83,110

The average Compliance Officers in Albany-Schenectady-Troy, NY earns-2.8%below the national average.

BreakdownBased on 40h/week
Hourly

$40

Weekly

$1,598

Monthly

$6,926

Compliance Officers Salary Distribution in Albany-Schenectady-Troy, NY

The salary trajectory for Compliance Officers typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive knowledge of regulatory frameworks and risk management can command substantially higher salaries. The percentile gaps in compensation clearly signify the career progression and increased value brought by senior compliance experts.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$53,080$25.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$62,333$30
ManagerOversees team, compliance, and project delivery.50% (Median)$78,400$37.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$103,888$49.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$120,480$57.9

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$83,110

Gross Pay

Real Wage (Purchasing Power)

$83,110

Adjusted for COL (100)

With an average annual salary of $83,110 and a Cost of Living Index of 100 (on par with the national average), Compliance Officers in Albany-Schenectady-Troy experience a salary that directly reflects the typical cost of living. This means that the nominal income earned holds its purchasing power consistently with the national standard, offering a stable financial environment for residents.

Job Market Context

1,500

Total Jobs

3.394

Per 1K Jobs

1.32

Location Quotient

Above Average

With a location quotient of 1.32, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.

The Location Quotient of 1.32 for Compliance Officers in Albany-Schenectady-Troy signifies a market where this profession is more concentrated than the national average. This suggests a healthy demand for compliance professionals, potentially driven by the presence of state government, financial institutions, and healthcare organizations. While not an oversaturated market, the higher quotient indicates a competitive environment where employers actively seek specialized talent.

Nearby Job Markets

Nearby Cities for Compliance Officers

CitySalaryDist.
Pittsfield, MA Compliance Officers Salary$76,800↓ 8%31 mi
Glens Falls, NY Compliance Officers Salary$77,910↓ 6%45 mi
Kingston, NY Compliance Officers Salary$87,390↑ 5%52 mi
Southwest New York nonmetropolitan area Compliance Officers Salary$79,260↓ 5%68 mi
Central East New York nonmetropolitan area Compliance Officers Salary$71,950↓ 13%68 mi

Comparing salaries near Albany-Schenectady-Troy, NY

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in Albany-Schenectady-Troy, NY?

The median annual salary for a Compliance Officers in Albany-Schenectady-Troy, NY is $83,110. This typically ranges from $53,080 for entry-level positions to $120,480 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Albany-Schenectady-Troy, NY is 2.8% lower than the national median of $85,520.

Is Albany-Schenectady-Troy, NY a lucrative place for Compliance Officers?

Yes, it offers competitive compensation relative to the cost of living.Compliance Officers in this region earn $83,110 annually, which aligns with the national average cost of living. The higher concentration of these roles (LQ 1.32) also indicates strong local demand.

Is Albany-Schenectady-Troy, NY a good place to live for Compliance Officers?

The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Albany-Schenectady-Troy, NY?

Some top paying nearby cities include Pittsfield, MA ($76,800) and Glens Falls, NY.

How does the Albany-Schenectady-Troy salary compare to the national average?

The average salary for Compliance Officers in Albany-Schenectady-Troy is $83,110, which is slightly lower than the national average of $85,520.

What is the concentration of Compliance Officers in this area?

The Location Quotient for Compliance Officers in Albany-Schenectady-Troy is 1.32, indicating a higher concentration of these professionals compared to the national average.

How does the cost of living affect the salary in Albany-Schenectady-Troy?

The Cost of Living Index in Albany-Schenectady-Troy is 100, meaning it is exactly average nationally. Therefore, the $83,110 salary has a purchasing power equivalent to the national average.

What does the workforce size suggest about the job market?

With 1,500 Compliance Officers locally, the workforce size combined with the higher Location Quotient suggests a stable and established job market with consistent demand for these roles.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,500 employees in the Albany-Schenectady-Troy, NY area with a job density of 3.394 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Albany-Schenectady-Troy, NY

Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY