Average Compliance Officers Salary in East Kentucky nonmetropolitan area
Compliance Officers in the East Kentucky nonmetropolitan area earn an average annual salary of $54,710. This figure is notably lower than the national average of $85,520. The localized economic conditions and demand within this specific region contribute to this pay differential.
Executive Summary
- Average Salary: $54,710 per year.
- Growth Trend: Salaries have shifted 1.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,870.
- Outlook: With a total local workforce of 250 Compliance Officers, the East Kentucky nonmetropolitan area demonstrates a stable, albeit modest, employment base for this profession. The location quotient of 1.05 suggests a concentration of these roles that is slightly above the national average, indicating a steady demand that aligns with the national distribution.
Salary Overview
The average Compliance Officers in East Kentucky nonmetropolitan area earns-36.0%below the national average.
$26.3
$1,052
$4,559
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in East Kentucky have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by increasing regulatory complexity and the ongoing need for skilled professionals to ensure adherence to legal and ethical standards.
Compliance Officers Salary Distribution in East Kentucky nonmetropolitan area
Salary progression for Compliance Officers is significantly influenced by experience. 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 considerably more. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, signifies clear 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) | $35,310 | $17 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,033 | $19.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $54,400 | $26.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,388 | $32.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $74,870 | $36 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$54,710
Gross Pay
Real Wage (Purchasing Power)
$54,710
Adjusted for COL (100)
The average annual salary of $54,710 in East Kentucky aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to the national standard, making it a neutral factor in relocation considerations.
Job Market Context
250
Total Jobs
2.717
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, East Kentucky nonmetropolitan area has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
The location quotient of 1.05 indicates that Compliance Officer roles are slightly more concentrated in the East Kentucky nonmetropolitan area than the national average. This suggests a healthy, balanced job market where demand is present and aligns with the available talent pool, without being overly saturated or exceptionally scarce.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Compliance Officers Salary | $72,430↑ 32% | 28 mi |
| Elizabethtown, KY Compliance Officers Salary | $71,100↑ 30% | 66 mi |
| Louisville/Jefferson County, KY-IN Compliance Officers Salary | $78,120↑ 43% | 72 mi |
| Cincinnati, OH-KY-IN Compliance Officers Salary | $83,060↑ 52% | 100 mi |
Comparing salaries near East Kentucky nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in East Kentucky nonmetropolitan area?
The median annual salary for a Compliance Officers in East Kentucky nonmetropolitan area is $54,710. This typically ranges from $35,310 for entry-level positions to $74,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Kentucky nonmetropolitan area is 36.0% lower than the national median of $85,520.
Is East Kentucky nonmetropolitan area a lucrative place for Compliance Officers?
No, not compared to the national average.The average salary of $54,710 is significantly below the national average of $85,520. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is East Kentucky nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in East Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East 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 East Kentucky compare nationally?
With 2.717 jobs per 1,000 workers, the proportion of Compliance Officers in East Kentucky is very close to the national average, indicating a similar level of job availability relative to the overall workforce.
What is the significance of the Location Quotient for Compliance Officers in East Kentucky?
A location quotient of 1.05 suggests that Compliance Officers are slightly more prevalent in this region than the national average, implying a stable and perhaps slightly growing demand for these professionals.
Does the cost of living affect the real value of a Compliance Officer's salary in East Kentucky?
No, the cost of living index is exactly at the national average of 100. This means the $54,710 salary has the same purchasing power as the national average salary would in a location with a national average cost of living.
What is the overall job market like for Compliance Officers in this region?
The job market is stable, with a workforce size of 250 and a location quotient slightly above the national average, indicating consistent demand and a balanced supply of talent.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the East Kentucky nonmetropolitan area area with a job density of 2.717 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 East Kentucky nonmetropolitan area