Average Compliance Officers Salary in Chicago-Naperville-Elgin, IL-IN
Compliance Officers in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $88,310. This figure slightly surpasses the national average of $85,520, indicating a competitive market for these professionals. Local economic factors and industry demand likely contribute to this favorable compensation.
Executive Summary
- Average Salary: $88,310 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,150.
- Outlook: With a local workforce of 7,830 Compliance Officers, the Chicago-Naperville-Elgin area demonstrates a significant concentration of these roles. The Location Quotient of 0.68 suggests that while the national average is higher, the local market still supports a substantial number of positions, implying a stable demand for skilled compliance professionals.
Salary Overview
The average Compliance Officers in Chicago-Naperville-Elgin, IL-IN earns+3.3%above the national average.
$42.5
$1,698
$7,359
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Chicago-Naperville-Elgin have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving regulatory landscapes and increased emphasis on corporate governance typically drive upward salary adjustments in this field.
Compliance Officers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Compliance Officers is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized knowledge and extensive experience can expect to earn significantly more, often reaching the higher percentiles. The gap between entry-level and senior roles highlights clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,410 | $24.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,233 | $31.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,970 | $38.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,388 | $53.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,150 | $62.1 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$88,310
Gross Pay
Real Wage (Purchasing Power)
$88,310
Adjusted for COL (100)
The average annual salary of $88,310 in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national Cost of Living Index of 100. This means that the nominal salary offers a purchasing power equivalent to the national average, suggesting that the compensation is well-balanced with the local cost of living.
Job Market Context
7,830
Total Jobs
1.751
Per 1K Jobs
0.68
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 0.68x the national average concentration of Compliance Officers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.68 indicates that Compliance Officer roles are somewhat less concentrated in the Chicago-Naperville-Elgin area compared to the national average. This suggests that while the market is not oversaturated, there is a healthy presence of these jobs, offering a moderate level of competition for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI Compliance Officers Salary | $82,190↓ 7% | 51 mi |
| Kankakee, IL Compliance Officers Salary | $74,530↓ 16% | 55 mi |
| Racine-Mount Pleasant, WI Compliance Officers Salary | $79,030↓ 11% | 59 mi |
| Niles, MI Compliance Officers Salary | $67,710↓ 23% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Compliance Officers in Chicago-Naperville-Elgin, IL-IN is $88,310. This typically ranges from $51,410 for entry-level positions to $129,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 3.3% higher than the national median of $85,520.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Compliance Officers?
Yes, it is a moderately lucrative place for Compliance Officers.The average salary of $88,310 slightly exceeds the national average, and the cost of living is on par with the national average, indicating good earning potential.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Compliance Officers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Kenosha, WI ($82,190) and Kankakee, IL.
How does the Chicago-Naperville-Elgin salary compare to the national average?
The average annual salary for Compliance Officers in Chicago-Naperville-Elgin is $88,310, which is slightly higher than the national average of $85,520.
What is the concentration of Compliance Officers in this area?
The Location Quotient for Compliance Officers in Chicago-Naperville-Elgin is 0.68, meaning the job concentration is below the national average.
Does the cost of living affect the purchasing power of a Compliance Officer's salary in Chicago?
No, the Cost of Living Index is 100, which is the national average. Therefore, the salary of $88,310 has purchasing power equivalent to the national average.
How many Compliance Officers are employed in the Chicago-Naperville-Elgin area?
There are approximately 7,830 Compliance Officers employed within the Chicago-Naperville-Elgin 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 7,830 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 1.751 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 Chicago-Naperville-Elgin, IL-IN