Average Compliance Officers Salary in Charlottesville, VA
Compliance Officers in Charlottesville, VA, earn an average annual salary of $80,000. This figure is slightly below the national average of $85,520, suggesting that while the demand is present, local economic factors or industry specifics may influence compensation levels. The unique economic landscape of Charlottesville, including its specific industry mix and cost of living, plays a crucial role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $80,000 per year.
- Growth Trend: Salaries have shifted 5.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,010.
- Outlook: Charlottesville, VA, hosts a local workforce of 330 Compliance Officers, with a Location Quotient of 1.15, indicating a slightly higher concentration of these professionals than the national average. This suggests a stable, albeit not overwhelmingly saturated, job market for compliance roles within the area. The presence of 2.969 jobs per 1,000 workers further reinforces the consistent demand for skilled compliance professionals in this Virginia city.
Salary Overview
The average Compliance Officers in Charlottesville, VA earns-6.5%below the national average.
$38.5
$1,538
$6,667
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Charlottesville is not provided, it is generally observed that salaries for Compliance Officers nationwide have experienced steady growth over the past four years, driven by increasing regulatory complexity and the critical need for robust compliance functions across industries. This upward trend is likely mirrored in Charlottesville, with compensation adjustments reflecting evolving market demands and economic conditions.
Compliance Officers Salary Distribution in Charlottesville, VA
The salary trajectory for Compliance Officers in Charlottesville, VA, typically escalates with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized knowledge can command salaries in the upper percentiles, significantly exceeding the $80,000 average. These percentile gaps are indicative of the career progression and increased earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,600 | $22.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,000 | $28.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,380 | $38.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,000 | $48.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,010 | $54.3 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$80,000
Gross Pay
Real Wage (Purchasing Power)
$80,000
Adjusted for COL (100)
With an average annual salary of $80,000 and a Cost of Living Index of 100 (matching the national average), Compliance Officers in Charlottesville, VA, find their nominal earnings hold purchasing power equivalent to the national standard. This means that the $80,000 salary offers a comparable lifestyle to what $80,000 would provide elsewhere in the U.S., making relocation financially neutral from a cost-of-living perspective.
Job Market Context
330
Total Jobs
2.969
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Charlottesville, VA has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
Charlottesville's Location Quotient of 1.15 for Compliance Officers signifies a local job market that is 15% more concentrated than the national average. This suggests a healthy, slightly more robust demand for these roles relative to the general workforce composition. While not indicative of an oversaturated market, it points to a competitive environment where employers actively seek qualified compliance talent.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Compliance Officers Salary | $69,230↓ 13% | 25 mi |
| Northern West Virginia nonmetropolitan area Compliance Officers Salary | $63,700↓ 20% | 25 mi |
| Southwest Virginia nonmetropolitan area Compliance Officers Salary | $62,760↓ 22% | 25 mi |
| Northwest Virginia nonmetropolitan area Compliance Officers Salary | $73,630↓ 8% | 25 mi |
| Southern West Virginia nonmetropolitan area Compliance Officers Salary | $62,310↓ 22% | 25 mi |
Comparing salaries near Charlottesville, VA
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Charlottesville, VA?
The median annual salary for a Compliance Officers in Charlottesville, VA is $80,000. This typically ranges from $46,600 for entry-level positions to $113,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charlottesville, VA is 6.5% lower than the national median of $85,520.
Is Charlottesville, VA a lucrative place for Compliance Officers?
Yes, with caveats.Charlottesville, VA, offers a competitive salary of $80,000, which aligns with the national cost of living. The slightly higher concentration of compliance roles (LQ of 1.15) indicates steady demand.
Is Charlottesville, VA a good place to live for Compliance Officers?
The Cost of Living Index in Charlottesville, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charlottesville, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($69,230) and Northern West Virginia nonmetropolitan area.
How does the Charlottesville Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Charlottesville, VA, is $80,000, which is slightly lower than the national average of $85,520.
What is the concentration of Compliance Officers in Charlottesville, VA?
Charlottesville, VA, has a Location Quotient of 1.15 for Compliance Officers, meaning the profession is 15% more concentrated there than the national average.
Does the cost of living in Charlottesville affect the Compliance Officer salary?
No, the cost of living in Charlottesville is at the national average (100), so the $80,000 salary provides purchasing power equivalent to the national median.
How many Compliance Officers are there in Charlottesville, VA?
There are approximately 330 Compliance Officers in Charlottesville, VA, representing 2.969 jobs per 1,000 workers in 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 330 employees in the Charlottesville, VA area with a job density of 2.969 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 Charlottesville, VA