Average Compliance Officers Salary in Cleveland, OH
Compliance Officers in Cleveland, OH earn an average annual salary of $80,520. This figure is slightly below the national average of $85,520, suggesting that local market dynamics and demand influence compensation levels. While the nominal salary is notable, understanding its purchasing power within Cleveland is key.
Executive Summary
- Average Salary: $80,520 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,930.
- Outlook: Cleveland's market for Compliance Officers is moderately sized, with a total local workforce of 1,990 professionals. The Location Quotient of 0.74 indicates a slightly lower concentration of these roles compared to the national average. This suggests a stable, albeit not exceptionally concentrated, demand for compliance expertise within the city.
Salary Overview
The average Compliance Officers in Cleveland, OH earns-5.8%below the national average.
$38.7
$1,548
$6,710
Compliance Officers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Compliance Officers in Cleveland have seen consistent growth over the past four years, mirroring national trends. Factors such as increasing regulatory complexity and the ongoing need for robust compliance frameworks likely contribute to upward pressure on compensation.
Compliance Officers Salary Distribution in Cleveland, OH
Experience plays a significant role in the earning potential of Compliance Officers. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive expertise and specialized knowledge can expect to earn substantially more. The widening gap between entry-level and senior-level salaries reflects clear career progression pathways and the increasing value placed on advanced compliance skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,740 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,390 | $29 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,600 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,650 | $48.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,930 | $59.6 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$80,520
Gross Pay
Real Wage (Purchasing Power)
$80,520
Adjusted for COL (100)
With an average annual salary of $80,520 and a Cost of Living Index of 100 (matching the national average), Compliance Officers in Cleveland experience a salary that directly reflects the national cost of living. This means that the purchasing power of their income in Cleveland is comparable to the national average, offering a stable financial standing relative to broader economic conditions.
Job Market Context
1,990
Total Jobs
1.915
Per 1K Jobs
0.74
Location Quotient
Cleveland, OH has 0.74x 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 0.74 suggests that Compliance Officer roles are somewhat less concentrated in Cleveland compared to the national landscape. This indicates that while the profession is present and valued, the market may not be saturated, potentially offering good opportunities for skilled professionals without intense competition from a disproportionately large pool of candidates.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Akron, OH Compliance Officers Salary | $81,020↑ 1% | 29 mi |
| Canton-Massillon, OH Compliance Officers Salary | $66,060↓ 18% | 49 mi |
| Sandusky, OH Compliance Officers Salary | $76,680↓ 5% | 53 mi |
| Youngstown-Warren, OH Compliance Officers Salary | $65,010↓ 19% | 60 mi |
| Mansfield, OH Compliance Officers Salary | $68,130↓ 15% | 66 mi |
Comparing salaries near Cleveland, OH
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Cleveland, OH?
The median annual salary for a Compliance Officers in Cleveland, OH is $80,520. This typically ranges from $46,740 for entry-level positions to $123,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cleveland, OH is 5.8% lower than the national median of $85,520.
Is Cleveland, OH a lucrative place for Compliance Officers?
Moderately lucrative, with average earnings aligning with the national cost of living.Compliance Officers in Cleveland earn $80,520 annually, which is close to the national average. The cost of living is also at the national average, indicating a balanced financial environment for these professionals.
Is Cleveland, OH a good place to live for Compliance Officers?
The Cost of Living Index in Cleveland, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cleveland, OH?
Some top paying nearby cities include Akron, OH ($81,020) and Canton-Massillon, OH.
How does Cleveland's Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Cleveland, OH is $80,520, which is slightly lower than the national average of $85,520.
What is the concentration of Compliance Officers in Cleveland compared to the nation?
Cleveland has a Location Quotient of 0.74 for Compliance Officers, indicating that the profession is less concentrated locally than the national average.
How does the cost of living in Cleveland affect the salary for Compliance Officers?
Cleveland's Cost of Living Index is 100, which is the national average. This means the $80,520 salary has purchasing power equivalent to the national average.
What is the total number of Compliance Officers in Cleveland?
There are approximately 1,990 Compliance Officers working in Cleveland, OH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,990 employees in the Cleveland, OH area with a job density of 1.915 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 Cleveland, OH