Average Compliance Officers Salary in Baltimore-Columbia-Towson, MD
Compliance Officers in the Baltimore-Columbia-Towson, MD area earn an impressive average annual salary of $90,870, significantly surpassing the national average of $85,520. This elevated compensation reflects the region's specific economic drivers and the demand for skilled professionals in regulatory and governance roles within this dynamic metropolitan area.
Executive Summary
- Average Salary: $90,870 per year.
- Growth Trend: Salaries have shifted 21.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,220.
- Outlook: The local job market for Compliance Officers in Baltimore-Columbia-Towson, MD, appears robust, supported by a substantial workforce of 4,480 professionals. The Location Quotient of 1.3 indicates a higher concentration of these roles compared to the national average, suggesting a strong and potentially growing demand for compliance expertise within the region.
Salary Overview
The average Compliance Officers in Baltimore-Columbia-Towson, MD earns+6.3%above the national average.
$43.7
$1,748
$7,573
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Baltimore-Columbia-Towson, MD, have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is likely driven by increasing regulatory complexity and a sustained need for diligent oversight across various industries.
Compliance Officers Salary Distribution in Baltimore-Columbia-Towson, MD
Career progression for Compliance Officers typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise and take on more complex responsibilities, their earning potential can rise substantially, reaching senior and lead roles that command top-tier compensation, as evidenced by the widening percentile gaps.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,780 | $24.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,153 | $32.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,400 | $40.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,588 | $54.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,220 | $63.6 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$90,870
Gross Pay
Real Wage (Purchasing Power)
$90,870
Adjusted for COL (100)
With an average annual salary of $90,870 and a Cost of Living Index of 100 (on par with the national average), Compliance Officers relocating to Baltimore-Columbia-Towson, MD, can expect their nominal earnings to translate directly into purchasing power. This means the higher salary offers a comparable standard of living to the national average, without the added financial strain of a significantly higher cost of living.
Job Market Context
4,480
Total Jobs
3.343
Per 1K Jobs
1.3
Location Quotient
With a location quotient of 1.30, Baltimore-Columbia-Towson, MD has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
The Location Quotient of 1.3 for Compliance Officers in Baltimore-Columbia-Towson, MD, signifies that this metropolitan area has a notably higher concentration of these professionals than the national average. This suggests a competitive market where employers may actively seek specialized talent, while also indicating a healthy ecosystem of compliance-related opportunities for job seekers.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Compliance Officers Salary | $75,280↓ 17% | 19 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Compliance Officers Salary | $101,290↑ 11% | 35 mi |
| York-Hanover, PA Compliance Officers Salary | $80,700↓ 11% | 47 mi |
| Gettysburg, PA Compliance Officers Salary | $62,790↓ 31% | 50 mi |
| Lancaster, PA Compliance Officers Salary | $67,900↓ 25% | 55 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Compliance Officers in Baltimore-Columbia-Towson, MD is $90,870. This typically ranges from $51,780 for entry-level positions to $132,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 6.3% higher than the national median of $85,520.
Is Baltimore-Columbia-Towson, MD a lucrative place for Compliance Officers?
Yes, it is a lucrative place for Compliance Officers.Compliance Officers in this region earn approximately $5,350 more than the national average. Coupled with a national average cost of living, this makes the area financially attractive for the profession.
Is Baltimore-Columbia-Towson, MD a good place to live for Compliance Officers?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($75,280) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
What is the average salary for a Compliance Officer in Baltimore-Columbia-Towson, MD?
The average annual salary for a Compliance Officer in Baltimore-Columbia-Towson, MD, is $90,870.
How does the Baltimore-Columbia-Towson, MD salary compare to the national average?
The average salary in Baltimore-Columbia-Towson, MD, is $90,870, which is $5,350 higher than the national average of $85,520.
Is the job market for Compliance Officers strong in Baltimore-Columbia-Towson, MD?
Yes, with a Location Quotient of 1.3, indicating a higher concentration of these roles than the national average, the job market is considered strong and potentially competitive.
How does the cost of living in Baltimore-Columbia-Towson, MD affect the salary?
The Cost of Living Index is 100, which is the national average. This means the $90,870 salary in Baltimore-Columbia-Towson, MD, offers purchasing power equivalent to the national average, making it a financially sound location.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,480 employees in the Baltimore-Columbia-Towson, MD area with a job density of 3.343 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 Baltimore-Columbia-Towson, MD