Average Compliance Officers Salary in Buffalo-Cheektowaga, NY
Compliance Officers in Buffalo-Cheektowaga, NY, command an impressive average annual salary of $86,320, slightly surpassing the national average of $85,520. This elevated compensation reflects the specific demands and concentration of compliance roles within the Buffalo-Cheektowaga metropolitan area, indicating a localized premium for these critical positions.
Executive Summary
- Average Salary: $86,320 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,840.
- Outlook: The Buffalo-Cheektowaga market for Compliance Officers appears robust, supported by a substantial local workforce of 2,220 professionals. A Location Quotient of 1.62 signifies a significantly higher concentration of these roles compared to the national average, suggesting strong and sustained demand for compliance expertise within the region.
Salary Overview
The average Compliance Officers in Buffalo-Cheektowaga, NY earns+0.9%above the national average.
$41.5
$1,660
$7,193
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Buffalo-Cheektowaga have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is likely driven by evolving regulatory landscapes and an increasing emphasis on corporate governance and risk management.
Compliance Officers Salary Distribution in Buffalo-Cheektowaga, NY
Salary progression for Compliance Officers in Buffalo-Cheektowaga typically scales with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with specialized knowledge and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,210 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,740 | $31.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,410 | $39.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,900 | $51.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,840 | $59.5 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$86,320
Gross Pay
Real Wage (Purchasing Power)
$86,320
Adjusted for COL (100)
With an average annual salary of $86,320 and a Cost of Living Index at the national average of 100, Compliance Officers relocating to Buffalo-Cheektowaga, NY, can expect their nominal earnings to translate directly into purchasing power. This alignment suggests that the local salary offers a stable financial footing without the immediate pressure of higher living expenses.
Job Market Context
2,220
Total Jobs
4.169
Per 1K Jobs
1.62
Location Quotient
Buffalo-Cheektowaga, NY has 1.6x the national concentration of Compliance Officers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.62 for Compliance Officers in Buffalo-Cheektowaga strongly indicates a market where these professionals are in higher demand relative to the national distribution. This concentration suggests a competitive environment, potentially benefiting skilled individuals seeking employment or career advancement within the region.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Rochester, NY Compliance Officers Salary | $84,130↓ 3% | 65 mi |
| Erie, PA Compliance Officers Salary | $69,770↓ 19% | 83 mi |
Comparing salaries near Buffalo-Cheektowaga, NY
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Buffalo-Cheektowaga, NY?
The median annual salary for a Compliance Officers in Buffalo-Cheektowaga, NY is $86,320. This typically ranges from $47,210 for entry-level positions to $123,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Buffalo-Cheektowaga, NY is 0.9% higher than the national median of $85,520.
Is Buffalo-Cheektowaga, NY a lucrative place for Compliance Officers?
Yes, Buffalo-Cheektowaga, NY, offers a lucrative environment for Compliance Officers.The average salary of $86,320 exceeds the national average, and the high concentration of roles (LQ of 1.62) points to strong regional demand.
Is Buffalo-Cheektowaga, NY a good place to live for Compliance Officers?
The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Buffalo-Cheektowaga, NY?
Some top paying nearby cities include Rochester, NY ($84,130) and Erie, PA.
How does the Buffalo-Cheektowaga salary compare to the national average?
Compliance Officers in Buffalo-Cheektowaga earn an average of $86,320 annually, which is slightly higher than the national average of $85,520.
What does the Location Quotient of 1.62 mean for Compliance Officers in Buffalo?
A Location Quotient of 1.62 signifies that Compliance Officers are 62% more concentrated in Buffalo-Cheektowaga than the national average, indicating higher demand and potentially more job opportunities.
Is the cost of living high for Compliance Officers in Buffalo-Cheektowaga?
No, the cost of living in Buffalo-Cheektowaga is at the national average (index of 100), meaning the $86,320 salary offers standard purchasing power relative to the rest of the country.
How many Compliance Officers work in the Buffalo-Cheektowaga area?
There are approximately 2,220 Compliance Officers employed within the Buffalo-Cheektowaga, NY, metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,220 employees in the Buffalo-Cheektowaga, NY area with a job density of 4.169 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 Buffalo-Cheektowaga, NY