Average Compliance Officers Salary in Bismarck, ND
Compliance Officers in Bismarck, North Dakota, earn an average annual salary of $71,740. This figure is notably below the national average of $85,520, suggesting that local market dynamics and potentially a smaller scale of operations in Bismarck influence compensation. While the nominal salary is lower, understanding the local economic context is crucial for a complete picture.
Executive Summary
- Average Salary: $71,740 per year.
- Growth Trend: Salaries have shifted 13.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $96,840.
- Outlook: Bismarck, ND, hosts a modest workforce of 210 Compliance Officers, with 2.924 jobs per 1,000 workers. The Location Quotient of 1.13 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not booming, demand for compliance expertise within the region. This concentration points to a consistent need for these professionals within Bismarck's economic landscape.
Salary Overview
The average Compliance Officers in Bismarck, ND earns-16.1%below the national average.
$34.5
$1,380
$5,978
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Bismarck is not provided, it is reasonable to assume that Compliance Officer salaries in the region have experienced growth over the past four years, mirroring national trends. Economic expansion, evolving regulatory landscapes, and increased demand for specialized skills typically drive salary increases for professionals in this field, even in smaller markets.
Compliance Officers Salary Distribution in Bismarck, ND
The career trajectory for Compliance Officers in Bismarck, like elsewhere, typically involves salary increases with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive knowledge of regulations and risk management can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant opportunities for career progression and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,360 | $26.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,805 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,250 | $32.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,675 | $43.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $96,840 | $46.6 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$71,740
Gross Pay
Real Wage (Purchasing Power)
$71,740
Adjusted for COL (100)
With a Cost of Living Index of 100, Bismarck, ND, offers a cost of living that is precisely at the national average. This means the nominal salary of $71,740 for Compliance Officers in Bismarck holds its purchasing power directly in line with the national standard. Consequently, the take-home pay translates to a comparable lifestyle to what one might expect in a typical U.S. city.
Job Market Context
210
Total Jobs
2.924
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Bismarck, ND has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
The Location Quotient of 1.13 for Compliance Officers in Bismarck signifies a slightly more concentrated job market than the national average. This suggests that while the absolute number of jobs may be smaller, the proportion of Compliance Officer roles relative to the overall workforce is elevated. This indicates a healthy, competitive market where employers are actively seeking these specialized skills, but the overall volume of opportunities remains moderate.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| West North Dakota nonmetropolitan area Compliance Officers Salary | $88,860↑ 24% | 68 mi |
| East North Dakota nonmetropolitan area Compliance Officers Salary | $85,500↑ 19% | 68 mi |
Comparing salaries near Bismarck, ND
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Bismarck, ND?
The median annual salary for a Compliance Officers in Bismarck, ND is $71,740. This typically ranges from $54,360 for entry-level positions to $96,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bismarck, ND is 16.1% lower than the national median of $85,520.
Is Bismarck, ND a lucrative place for Compliance Officers?
No, not when compared to the national average.While Bismarck offers a stable job market for Compliance Officers with a slightly higher concentration of roles, the average salary of $71,740 is significantly lower than the national average of $85,520.
Is Bismarck, ND a good place to live for Compliance Officers?
The Cost of Living Index in Bismarck, ND is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bismarck, ND?
Some top paying nearby cities include West North Dakota nonmetropolitan area ($88,860) and East North Dakota nonmetropolitan area.
What is the average salary for a Compliance Officer in Bismarck, ND?
The average annual salary for a Compliance Officer in Bismarck, ND is $71,740.
How does Bismarck's cost of living compare to the national average?
Bismarck's cost of living is exactly at the national average, with a Cost of Living Index of 100.
Is there high demand for Compliance Officers in Bismarck?
The demand is stable, indicated by a Location Quotient of 1.13, suggesting a slightly higher concentration of these roles than the national average.
How does experience affect a Compliance Officer's salary in Bismarck?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher salaries, reflecting career progression and increased responsibilities.
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 Bismarck, ND area with a job density of 2.924 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 Bismarck, ND