Average Compliance Officers Salary in Asheville, NC
Compliance Officers in Asheville, NC earn an average annual salary of $73,410. This figure is notably below the national average of $85,520, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation within this specific region.
Executive Summary
- Average Salary: $73,410 per year.
- Growth Trend: Salaries have shifted 15.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,190.
- Outlook: The job market for Compliance Officers in Asheville, NC, appears to be relatively niche, with a total local workforce of 210 individuals. The Location Quotient of 0.42 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the demand may not be as robust as in larger metropolitan areas.
Salary Overview
The average Compliance Officers in Asheville, NC earns-14.2%below the national average.
$35.3
$1,412
$6,118
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Asheville is not provided, it's generally assumed that salaries for Compliance Officers nationwide have experienced steady growth over the past four years, driven by increasing regulatory complexity and the ongoing need for robust compliance programs across industries. This trend likely extends to Asheville, albeit potentially at a different pace.
Compliance Officers Salary Distribution in Asheville, NC
Career progression for Compliance Officers in Asheville, NC, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command salaries substantially higher than the average. The percentile gaps in salary distributions reflect these opportunities for advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,090 | $20.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,058 | $26.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,950 | $32.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,763 | $44.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,190 | $56.3 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$73,410
Gross Pay
Real Wage (Purchasing Power)
$73,410
Adjusted for COL (100)
With an average annual salary of $73,410 and a Cost of Living Index of 100 (matching the national average), Compliance Officers relocating to Asheville, NC, will find their nominal income holds its purchasing power relative to the rest of the country. This means the take-home pay is likely to provide a comparable standard of living to what they might experience elsewhere.
Job Market Context
210
Total Jobs
1.094
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Asheville, NC has a notably lower concentration of Compliance Officers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.42 for Compliance Officers in Asheville, NC, signifies that the profession is less concentrated locally than the national average. This suggests a less competitive market in terms of the sheer number of professionals vying for available roles, but it also implies that the overall demand might be lower compared to regions with a higher concentration.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Greenville-Anderson-Greer, SC Compliance Officers Salary | $77,560↑ 6% | 52 mi |
| Johnson City, TN Compliance Officers Salary | $60,430↓ 18% | 54 mi |
| Spartanburg, SC Compliance Officers Salary | $68,220↓ 7% | 56 mi |
| Morristown, TN Compliance Officers Salary | $58,440↓ 20% | 61 mi |
| Kingsport-Bristol, TN-VA Compliance Officers Salary | $75,590↑ 3% | 66 mi |
Comparing salaries near Asheville, NC
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Asheville, NC?
The median annual salary for a Compliance Officers in Asheville, NC is $73,410. This typically ranges from $42,090 for entry-level positions to $117,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Asheville, NC is 14.2% lower than the national median of $85,520.
Is Asheville, NC a lucrative place for Compliance Officers?
No, not compared to the national average.Compliance Officers in Asheville, NC, earn approximately $12,000 less than the national average. However, the cost of living is on par with the national average, meaning the purchasing power of the salary is maintained.
Is Asheville, NC a good place to live for Compliance Officers?
The Cost of Living Index in Asheville, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Asheville, NC?
Some top paying nearby cities include Greenville-Anderson-Greer, SC ($77,560) and Johnson City, TN.
How does Asheville's Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Asheville, NC, is $73,410, which is below the national average of $85,520.
What is the Cost of Living in Asheville, NC?
Asheville, NC, has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.
How many Compliance Officers work in Asheville, NC?
There are approximately 210 Compliance Officers employed in Asheville, NC, representing 1.094 jobs per 1,000 workers in the local economy.
Is the job market for Compliance Officers strong in Asheville, NC?
The market is relatively niche, with a Location Quotient of 0.42, suggesting fewer Compliance Officers per capita than the national average, which could indicate lower demand or a specialized local industry focus.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Asheville, NC area with a job density of 1.094 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 Asheville, NC