Average Compliance Officers Salary in Erie, PA
Compliance Officers in Erie, PA, earn an average annual salary of $69,770. This figure is notably below the national average of $85,520, reflecting regional economic factors and the specific demand within the Erie labor market. While the nominal salary is lower, the local cost of living is on par with the national average, offering a balanced perspective on purchasing power.
Executive Summary
- Average Salary: $69,770 per year.
- Growth Trend: Salaries have shifted 2.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,030.
- Outlook: The compliance officer job market in Erie, PA, shows a moderate presence with a total local workforce of 210 professionals. The Location Quotient of 0.68 indicates that compliance officers are less concentrated in Erie compared to the national average, suggesting a stable but not overly saturated demand for these roles. With 1.749 jobs per 1,000 workers, the market offers consistent opportunities for skilled individuals.
Salary Overview
The average Compliance Officers in Erie, PA earns-18.4%below the national average.
$33.5
$1,342
$5,814
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Erie's compliance officer salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic shifts, evolving regulatory landscapes, and increased emphasis on corporate governance typically drive salary growth for compliance professionals nationwide. Therefore, it's likely that compliance officers in Erie have experienced incremental salary increases over the last four years, aligning with broader market dynamics.
Compliance Officers Salary Distribution in Erie, PA
Salary progression for Compliance Officers in Erie, PA, is significantly influenced by experience and expertise. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized knowledge and a proven track record can expect to earn considerably more. The percentile gaps in salary distribution clearly signify career progression, with senior roles often reaching well above the average, reflecting increased responsibility and value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,430 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,328 | $25.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,420 | $30.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,213 | $41.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,030 | $54.3 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$69,770
Gross Pay
Real Wage (Purchasing Power)
$69,770
Adjusted for COL (100)
The average annual salary of $69,770 for Compliance Officers in Erie, PA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Erie-based compliance officer's salary is equivalent to that of a compliance officer earning the national average in a location with average living costs. Consequently, the nominal salary offers a standard level of financial comfort relative to the cost of goods and services in the area.
Job Market Context
210
Total Jobs
1.749
Per 1K Jobs
0.68
Location Quotient
Erie, PA 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.
With a Location Quotient of 0.68, the job market for Compliance Officers in Erie, PA, is less concentrated than the national average. This suggests that while compliance roles are present and necessary, they are not as abundant or in as high demand relative to other professions when compared to national benchmarks. This lower concentration can imply a more competitive environment for job seekers, but also potentially greater opportunities for those with specialized skills to stand out.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Youngstown-Warren, OH Compliance Officers Salary | $65,010↓ 7% | 76 mi |
| Buffalo-Cheektowaga, NY Compliance Officers Salary | $86,320↑ 24% | 83 mi |
| Cleveland, OH Compliance Officers Salary | $80,520↑ 15% | 94 mi |
Comparing salaries near Erie, PA
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Erie, PA?
The median annual salary for a Compliance Officers in Erie, PA is $69,770. This typically ranges from $38,430 for entry-level positions to $113,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Erie, PA is 18.4% lower than the national median of $85,520.
Is Erie, PA a lucrative place for Compliance Officers?
No, not exceptionally lucrative compared to the national average.While the average salary of $69,770 is stable with the local cost of living, it falls significantly below the national average of $85,520. This indicates that Erie offers a standard, rather than high, earning potential for compliance officers.
Is Erie, PA a good place to live for Compliance Officers?
The Cost of Living Index in Erie, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Erie, PA?
Some top paying nearby cities include Youngstown-Warren, OH ($65,010) and Buffalo-Cheektowaga, NY.
How does the cost of living in Erie, PA affect Compliance Officer salaries?
The cost of living in Erie, PA, is exactly at the national average (100). This means the $69,770 average salary offers purchasing power equivalent to the national average, making the salary's value stable relative to expenses.
What is the concentration of Compliance Officers in Erie, PA?
The concentration of Compliance Officers in Erie, PA, is indicated by a Location Quotient of 0.68. This means the profession is less concentrated in Erie compared to the national average, suggesting a moderate presence in the local job market.
How many Compliance Officer jobs are there per 1,000 workers in Erie, PA?
There are approximately 1.749 Compliance Officer jobs per 1,000 workers in Erie, PA. This metric provides insight into the relative prevalence of these roles within the local workforce.
Is the job market for Compliance Officers growing in Erie, PA?
While specific growth rates aren't provided, the stable presence and consistent demand suggested by the job per 1,000 workers metric indicate a steady market. National trends generally point towards continued demand 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 210 employees in the Erie, PA area with a job density of 1.749 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 Erie, PA