Average Compliance Officers Salary in Central East New York nonmetropolitan area
Compliance Officers in the Central East New York nonmetropolitan area earn an average annual salary of $71,950. This figure is notably below the national average of $85,520, reflecting regional economic factors and potentially a different industry focus within the area. The specific demand and local economic conditions in this nonmetropolitan region play a significant role in shaping compensation for these crucial roles.
Executive Summary
- Average Salary: $71,950 per year.
- Growth Trend: Salaries have shifted 19.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,120.
- Outlook: The Central East New York nonmetropolitan area supports a workforce of 440 Compliance Officers, indicating a stable, albeit not massive, presence of this profession. With a Location Quotient of 1.09, the concentration of these roles is slightly above the national average, suggesting a consistent, steady demand for compliance expertise within this region's specific economic landscape.
Salary Overview
The average Compliance Officers in Central East New York nonmetropolitan area earns-15.9%below the national average.
$34.6
$1,384
$5,996
Compliance Officers Salary Trends (2020-2024)
While specific historical data for the Central East New York nonmetropolitan area is not provided, it is generally assumed that the field of compliance has experienced steady growth over the past four years nationally. This trend is likely mirrored locally, with potential salary increases driven by evolving regulatory environments and the increasing importance of robust compliance functions across industries.
Compliance Officers Salary Distribution in Central East New York nonmetropolitan area
Salary progression for Compliance Officers typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command significantly higher salaries. The percentile gaps in compensation clearly signify career advancement opportunities and the increasing value placed on expertise as one moves from junior to senior compliance roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,520 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,963 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,850 | $30.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,938 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,120 | $51.5 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$71,950
Gross Pay
Real Wage (Purchasing Power)
$71,950
Adjusted for COL (100)
The average annual salary of $71,950 in the Central East New York nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Compliance Officer's salary in this region is comparable to that of their counterparts across the nation, offering a balanced lifestyle relative to expenses.
Job Market Context
440
Total Jobs
2.801
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Central East New York nonmetropolitan area has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.09 indicates that Compliance Officers are slightly more concentrated in the Central East New York nonmetropolitan area than the national average. This suggests a healthy, slightly above-average demand for these professionals relative to the overall workforce, implying a competitive but accessible job market for skilled individuals.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Compliance Officers Salary | $84,090↑ 17% | 49 mi |
| Kingston, NY Compliance Officers Salary | $87,390↑ 21% | 51 mi |
| Scranton--Wilkes-Barre, PA Compliance Officers Salary | $66,500↓ 8% | 64 mi |
| Utica-Rome, NY Compliance Officers Salary | $75,090↑ 4% | 66 mi |
| Albany-Schenectady-Troy, NY Compliance Officers Salary | $83,110↑ 16% | 68 mi |
Comparing salaries near Central East New York nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Central East New York nonmetropolitan area?
The median annual salary for a Compliance Officers in Central East New York nonmetropolitan area is $71,950. This typically ranges from $34,520 for entry-level positions to $107,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central East New York nonmetropolitan area is 15.9% lower than the national median of $85,520.
Is Central East New York nonmetropolitan area a lucrative place for Compliance Officers?
No, not more lucrative than the national average.While the salary of $71,950 is respectable, it falls below the national average of $85,520. However, the cost of living being at the national average suggests the salary offers comparable purchasing power locally.
Is Central East New York nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Central East New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central East New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($84,090) and Kingston, NY.
How does the local workforce size affect Compliance Officer jobs?
A local workforce of 440 Compliance Officers indicates a stable, established presence of the profession, suggesting consistent opportunities rather than rapid expansion.
What does a Location Quotient of 1.09 mean for job seekers?
A Location Quotient slightly above 1.0 suggests that the demand for Compliance Officers in this area is marginally higher than the national average, potentially offering a slight edge to job seekers.
How does the cost of living impact the Compliance Officer salary?
With a Cost of Living Index of 100, the $71,950 salary in Central East New York nonmetropolitan area offers purchasing power equivalent to the national average, making it neither exceptionally high nor low in real terms.
Are there many Compliance Officer jobs per 1,000 workers in this area?
With 2.801 jobs per 1,000 workers, the density of Compliance Officer roles is slightly above the national average, indicating a steady presence and demand for these professionals within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Central East New York nonmetropolitan area area with a job density of 2.801 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 Central East New York nonmetropolitan area