Average Compliance Officers Salary in Central Kentucky nonmetropolitan area
Compliance Officers in Central Kentucky's nonmetropolitan area earn an average annual salary of $62,390. This figure is notably lower than the national average of $85,520, reflecting regional economic factors and a potentially different demand landscape. The specific pay scale in this area is influenced by the concentration of industries and the overall economic activity unique to nonmetropolitan regions.
Executive Summary
- Average Salary: $62,390 per year.
- Growth Trend: Salaries have shifted 21.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $79,410.
- Outlook: The job market for Compliance Officers in Central Kentucky appears moderately robust, with a total local workforce of 630 professionals. The Location Quotient of 1.41 indicates a higher concentration of these roles compared to the national average, suggesting a sustained demand for compliance expertise within the region's specific economic structure.
Salary Overview
The average Compliance Officers in Central Kentucky nonmetropolitan area earns-27.0%below the national average.
$30
$1,200
$5,199
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Central Kentucky's nonmetropolitan area is not provided, it is reasonable to assume a general trend of salary growth for Compliance Officers over the past four years, mirroring national patterns. Economic shifts and evolving regulatory landscapes typically drive incremental increases in compensation for these vital roles.
Compliance Officers Salary Distribution in Central Kentucky nonmetropolitan area
Career progression for Compliance Officers typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior Compliance Officers, with extensive experience and specialized knowledge, can command salaries well above the average. The percentile gaps in salary distribution clearly signify these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,960 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $46,793 | $22.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,710 | $30.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $77,988 | $37.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $79,410 | $38.2 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$62,390
Gross Pay
Real Wage (Purchasing Power)
$62,390
Adjusted for COL (100)
The average annual salary of $62,390 in Central Kentucky's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income locally is equivalent to the national standard, making it a stable financial proposition for residents.
Job Market Context
630
Total Jobs
3.633
Per 1K Jobs
1.41
Location Quotient
With a location quotient of 1.41, Central Kentucky nonmetropolitan area has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.41 signifies that Compliance Officer roles are more concentrated in Central Kentucky's nonmetropolitan area than the national average. This suggests a potentially more competitive market for job seekers, as there are relatively more compliance professionals per worker than in other regions, but also indicates a strong regional need for these skills.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Compliance Officers Salary | $72,430↑ 16% | 28 mi |
| Elizabethtown, KY Compliance Officers Salary | $71,100↑ 14% | 66 mi |
| Louisville/Jefferson County, KY-IN Compliance Officers Salary | $78,120↑ 25% | 72 mi |
| Cincinnati, OH-KY-IN Compliance Officers Salary | $83,060↑ 33% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Central Kentucky nonmetropolitan area?
The median annual salary for a Compliance Officers in Central Kentucky nonmetropolitan area is $62,390. This typically ranges from $38,960 for entry-level positions to $79,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 27.0% lower than the national median of $85,520.
Is Central Kentucky nonmetropolitan area a lucrative place for Compliance Officers?
No, not compared to the national average.While the local cost of living is average, the average salary of $62,390 is significantly lower than the national average of $85,520, indicating less lucrative compensation.
Is Central Kentucky nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($72,430) and Elizabethtown, KY.
How does the number of Compliance Officers in Central Kentucky compare nationally?
With 3.633 jobs per 1,000 workers, the concentration of Compliance Officers in Central Kentucky is higher than the national average, as indicated by a Location Quotient of 1.41.
What is the total number of Compliance Officers in Central Kentucky?
There are approximately 630 Compliance Officers working within the Central Kentucky nonmetropolitan area.
Does experience impact a Compliance Officer's salary in this region?
Yes, experience significantly impacts salary, with senior roles commanding higher pay than entry-level positions, reflecting a clear career progression path.
How does the cost of living in Central Kentucky affect salary perception?
The cost of living in Central Kentucky is at the national average (100), meaning the $62,390 salary offers purchasing power equivalent to the national average, despite being lower than the national salary benchmark.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the Central Kentucky nonmetropolitan area area with a job density of 3.633 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 Kentucky nonmetropolitan area