SalaryNode

Average Compliance Officers Salary in Bangor, ME

Compliance Officers in Bangor, ME, command an impressive average annual salary of $89,050. This figure slightly surpasses the national average of $85,520, indicating a favorable compensation landscape in this Maine city. Local economic factors and a specific demand for compliance expertise likely contribute to this elevated pay.

Executive Summary

  • Average Salary: $89,050 per year.
  • Growth Trend: Salaries have shifted 29.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $132,760.
  • Outlook: With a total local workforce of 200 Compliance Officers and a Location Quotient of 1.08, Bangor demonstrates a healthy concentration of these professionals, slightly above the national average. This suggests a stable and potentially growing demand for compliance expertise within the local job market, indicating a robust environment for those in this field.
2024 Market Data

Salary Overview

$89,050

The average Compliance Officers in Bangor, ME earns+4.1%above the national average.

BreakdownBased on 40h/week
Hourly

$42.8

Weekly

$1,713

Monthly

$7,421

Compliance Officers Salary Distribution in Bangor, ME

The career trajectory for Compliance Officers in Bangor, ME, typically involves significant salary increases with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized knowledge can command salaries in the higher percentiles, reflecting a clear path for career progression and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$48,480$23.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$66,788$32.1
ManagerOversees team, compliance, and project delivery.50% (Median)$94,270$45.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$111,313$53.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$132,760$63.8

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$89,050

Gross Pay

Real Wage (Purchasing Power)

$89,050

Adjusted for COL (100)

Bangor, ME, offers a compelling financial proposition for Compliance Officers. With an average salary of $89,050 and a Cost of Living Index precisely at the national average of 100, the nominal salary translates directly into purchasing power that is on par with the rest of the country, making it an attractive location for financial stability.

Job Market Context

200

Total Jobs

2.786

Per 1K Jobs

1.08

Location Quotient

Above Average

With a location quotient of 1.08, Bangor, ME has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.

The Location Quotient of 1.08 for Compliance Officers in Bangor signifies a job market that is slightly more concentrated than the national average. This suggests that while the profession is well-established, there may be a competitive edge for new entrants, but also indicates a strong existing network and potential for specialized roles within the local economy.

Nearby Job Markets

Nearby Cities for Compliance Officers

CitySalaryDist.
Southwest Maine nonmetropolitan area Compliance Officers Salary$74,190↓ 17%31 mi
Northeast Maine nonmetropolitan area Compliance Officers Salary$87,650↓ 2%31 mi
Lewiston-Auburn, ME Compliance Officers Salary$69,780↓ 22%85 mi

Comparing salaries near Bangor, ME

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in Bangor, ME?

The median annual salary for a Compliance Officers in Bangor, ME is $89,050. This typically ranges from $48,480 for entry-level positions to $132,760 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Bangor, ME is 4.1% higher than the national median of $85,520.

Is Bangor, ME a lucrative place for Compliance Officers?

Yes, Bangor, ME offers a lucrative environment for Compliance Officers.Compliance Officers in Bangor earn an average of $89,050 annually, which is above the national average, and the cost of living is exactly at the national average, enhancing purchasing power.

Is Bangor, ME a good place to live for Compliance Officers?

The Cost of Living Index in Bangor, ME is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Bangor, ME?

Some top paying nearby cities include Southwest Maine nonmetropolitan area ($74,190) and Northeast Maine nonmetropolitan area.

How does the Bangor Compliance Officer salary compare to the national average?

The average annual salary for Compliance Officers in Bangor, ME is $89,050, which is slightly higher than the national average of $85,520.

What is the concentration of Compliance Officers in Bangor, ME?

Bangor, ME has a Location Quotient of 1.08 for Compliance Officers, indicating a concentration that is slightly above the national average.

How does the cost of living in Bangor, ME affect the salary?

With a Cost of Living Index of 100, the national average, the $89,050 salary in Bangor provides purchasing power equivalent to the national average, making it financially stable.

What does the job market look like for Compliance Officers in Bangor?

The job market appears robust, with a slight concentration of Compliance Officers (LQ 1.08) and a total local workforce of 200, suggesting steady demand for these professionals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Bangor, ME area with a job density of 2.786 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Bangor, ME