Average Compliance Officers Salary in Des Moines-West Des Moines, IA
Compliance Officers in Des Moines-West Des Moines, IA, earn an average annual salary of $83,060. This figure is slightly below the national average of $85,520, suggesting localized market dynamics and potentially a different demand-supply balance influence compensation in this specific metropolitan area. Factors such as the regional economic landscape and the concentration of industries requiring compliance expertise play a crucial role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $83,060 per year.
- Growth Trend: Salaries have shifted 19.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,090.
- Outlook: The Des Moines-West Des Moines area demonstrates a notable concentration of Compliance Officer roles, indicated by a Location Quotient of 1.45, significantly above the national average. With 3.729 jobs per 1,000 workers and a local workforce of 1,510 professionals in this field, the market exhibits a robust demand that outpaces national averages, suggesting a healthy and potentially growing job market for compliance professionals in this region.
Salary Overview
The average Compliance Officers in Des Moines-West Des Moines, IA earns-2.9%below the national average.
$39.9
$1,597
$6,922
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the demand for Compliance Officers has seen consistent growth over the past four years, driven by increasingly complex regulatory environments across various industries. This sustained demand typically translates into upward pressure on salaries, indicating that Compliance Officers in Des Moines-West Des Moines have likely experienced salary increases, mirroring national trends of professional compensation growth in this essential field.
Compliance Officers Salary Distribution in Des Moines-West Des Moines, IA
Salary progression for Compliance Officers in Des Moines-West Des Moines, IA, is strongly tied to experience and expertise. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior-level salaries clearly signifies substantial career growth opportunities and the increasing value placed on experienced compliance professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,070 | $25 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,295 | $29.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,170 | $39.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,825 | $49.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,090 | $59.2 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$83,060
Gross Pay
Real Wage (Purchasing Power)
$83,060
Adjusted for COL (100)
The average annual salary of $83,060 for Compliance Officers in Des Moines-West Des Moines, IA, aligns perfectly with the national average cost of living, which stands at an index of 100. This means that the purchasing power of a Compliance Officer's salary in this region is equivalent to that of a professional earning the national average salary in a location with a national average cost of living, offering a stable financial footing for residents.
Job Market Context
1,510
Total Jobs
3.729
Per 1K Jobs
1.45
Location Quotient
With a location quotient of 1.45, Des Moines-West Des Moines, IA has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.45 for Compliance Officers in Des Moines-West Des Moines, IA, indicates a higher concentration of these roles compared to the national average. This suggests that the job market in this area is more specialized and potentially more competitive, with a greater number of employers actively seeking compliance expertise relative to the general workforce. This elevated concentration points to a strong regional demand for these specialized skills.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Compliance Officers Salary | $77,110↓ 7% | 31 mi |
| Southeast Iowa nonmetropolitan area Compliance Officers Salary | $69,070↓ 17% | 37 mi |
| Northwest Iowa nonmetropolitan area Compliance Officers Salary | $68,080↓ 18% | 37 mi |
| Northeast Iowa nonmetropolitan area Compliance Officers Salary | $71,390↓ 14% | 37 mi |
| Southwest Iowa nonmetropolitan area Compliance Officers Salary | $64,500↓ 22% | 37 mi |
Comparing salaries near Des Moines-West Des Moines, IA
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Des Moines-West Des Moines, IA?
The median annual salary for a Compliance Officers in Des Moines-West Des Moines, IA is $83,060. This typically ranges from $52,070 for entry-level positions to $123,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Des Moines-West Des Moines, IA is 2.9% lower than the national median of $85,520.
Is Des Moines-West Des Moines, IA a lucrative place for Compliance Officers?
Yes, with a stable cost of living.Compliance Officers in Des Moines-West Des Moines earn $83,060 annually, which is close to the national average, while the cost of living is exactly at the national average, offering good purchasing power.
Is Des Moines-West Des Moines, IA a good place to live for Compliance Officers?
The Cost of Living Index in Des Moines-West Des Moines, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Des Moines-West Des Moines, IA?
Some top paying nearby cities include Ames, IA ($77,110) and Southeast Iowa nonmetropolitan area.
How does the Des Moines-West Des Moines salary compare to the national average?
The average salary for Compliance Officers in Des Moines-West Des Moines is $83,060, which is slightly lower than the national average of $85,520.
What is the concentration of Compliance Officers in Des Moines-West Des Moines?
The concentration, measured by the Location Quotient, is 1.45, indicating a higher presence of Compliance Officers in this area compared to the national average.
How does the cost of living affect the Compliance Officer salary in Des Moines-West Des Moines?
With a Cost of Living Index of 100, the local salary of $83,060 offers purchasing power equivalent to the national average, making it financially comparable to national standards.
What does the job market look like for Compliance Officers in this area?
The market shows a strong concentration (LQ 1.45) and a healthy number of jobs per 1,000 workers (3.729), suggesting robust demand and a favorable job market for compliance professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,510 employees in the Des Moines-West Des Moines, IA area with a job density of 3.729 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 Des Moines-West Des Moines, IA