Average Compliance Officers Salary in Boston-Cambridge-Newton, MA-NH
Compliance Officers in the Boston-Cambridge-Newton, MA-NH metropolitan area earn an impressive average annual salary of $98,760, significantly surpassing the national average of $85,520. This elevated compensation is largely driven by the region's robust economic landscape, concentration of major financial and healthcare institutions, and a high demand for specialized regulatory expertise.
Executive Summary
- Average Salary: $98,760 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $142,050.
- Outlook: The Boston-Cambridge-Newton area presents a robust job market for Compliance Officers, evidenced by a substantial local workforce of 9,930 professionals. The Location Quotient of 1.42 indicates a higher concentration of these roles compared to the national average, suggesting strong and sustained demand for compliance expertise within this dynamic economic hub.
Salary Overview
The average Compliance Officers in Boston-Cambridge-Newton, MA-NH earns+15.5%above the national average.
$47.5
$1,899
$8,230
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in the Boston-Cambridge-Newton area have experienced steady growth over the past four years, mirroring national trends. This growth is typically fueled by evolving regulatory landscapes, increasing complexity in business operations, and a persistent need for skilled professionals to ensure adherence to legal and ethical standards.
Compliance Officers Salary Distribution in Boston-Cambridge-Newton, MA-NH
Salary progression for Compliance Officers in Boston-Cambridge-Newton is strongly tied to experience and specialization. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and advanced certifications can command salaries well above the average. The increasing salary differentials across experience levels signify clear career advancement opportunities and the growing value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,170 | $28.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,070 | $35.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,280 | $46.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,450 | $59.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $142,050 | $68.3 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$98,760
Gross Pay
Real Wage (Purchasing Power)
$98,760
Adjusted for COL (100)
The average annual salary of $98,760 in Boston-Cambridge-Newton aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of that salary is comparable to the national standard, offering a stable financial footing for professionals relocating to the area.
Job Market Context
9,930
Total Jobs
3.668
Per 1K Jobs
1.42
Location Quotient
With a location quotient of 1.42, Boston-Cambridge-Newton, MA-NH has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
With a Location Quotient of 1.42, the Boston-Cambridge-Newton metropolitan area demonstrates a significantly higher concentration of Compliance Officers than the national average. This suggests a competitive yet abundant job market, where employers actively seek out talent, and professionals have ample opportunities to find roles that match their skills and career aspirations.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Compliance Officers Salary | $88,960↓ 10% | 24 mi |
| Worcester, MA Compliance Officers Salary | $87,830↓ 11% | 37 mi |
| Providence-Warwick, RI-MA Compliance Officers Salary | $86,060↓ 13% | 38 mi |
| Manchester-Nashua, NH Compliance Officers Salary | $88,650↓ 10% | 50 mi |
| Barnstable Town, MA Compliance Officers Salary | $81,340↓ 18% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Compliance Officers in Boston-Cambridge-Newton, MA-NH is $98,760. This typically ranges from $60,170 for entry-level positions to $142,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 15.5% higher than the national median of $85,520.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Compliance Officers?
Yes, it is a highly lucrative area for Compliance Officers.Compliance Officers in this region earn approximately 15% more than the national average, with a cost of living that matches the national average, making it financially advantageous.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Compliance Officers?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($88,960) and Worcester, MA.
How does the local workforce size impact job opportunities?
A substantial local workforce of 9,930 Compliance Officers indicates a mature and active job market, suggesting consistent demand and a healthy number of available positions for qualified candidates.
What does a Location Quotient of 1.42 signify?
A Location Quotient of 1.42 means that Compliance Officers are 42% more concentrated in the Boston-Cambridge-Newton area than in the average U.S. location, highlighting a strong regional demand for this profession.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the local expenses are on par with the national average. Therefore, the higher average salary of $98,760 translates directly into greater disposable income for Compliance Officers in this region.
Are there many Compliance Officer jobs per 1,000 workers?
With 3.668 jobs per 1,000 workers, the Boston-Cambridge-Newton area shows a solid presence of Compliance Officer roles relative to its overall working population, indicating good employment prospects.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,930 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 3.668 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 Boston-Cambridge-Newton, MA-NH