Average Compliance Officers Salary in Grand Rapids-Wyoming-Kentwood, MI
Compliance Officers in the Grand Rapids-Wyoming-Kentwood, MI area earn an average annual salary of $73,850. This figure is notably below the national average of $85,520, suggesting that local market dynamics and potentially a lower demand for specialized compliance roles contribute to this compensation difference. While the cost of living is on par with the national average, the salary differential warrants careful consideration for professionals in this field.
Executive Summary
- Average Salary: $73,850 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,730.
- Outlook: The Grand Rapids-Wyoming-Kentwood metropolitan area supports a workforce of 880 Compliance Officers. With a Location Quotient of 0.61, the concentration of these roles is below the national average, indicating a less saturated but potentially less robust job market compared to national benchmarks. The presence of 1.573 jobs per 1,000 workers suggests a steady, albeit not booming, demand for compliance expertise within the region.
Salary Overview
The average Compliance Officers in Grand Rapids-Wyoming-Kentwood, MI earns-13.6%below the national average.
$35.5
$1,420
$6,154
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Grand Rapids is not provided, it is reasonable to assume that salaries for Compliance Officers in the region have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, evolving regulatory landscapes, and increasing complexity in compliance requirements typically drive upward pressure on compensation for skilled professionals in this sector.
Compliance Officers Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Salary progression for Compliance Officers in Grand Rapids-Wyoming-Kentwood, MI, typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while senior Compliance Officers with extensive expertise and leadership responsibilities can command salaries well into the upper percentiles. These percentile gaps are a clear indicator of career advancement opportunities and the value placed on seasoned professionals within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,310 | $21.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,388 | $26.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,370 | $33.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,313 | $44.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,730 | $54.7 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$73,850
Gross Pay
Real Wage (Purchasing Power)
$73,850
Adjusted for COL (100)
The nominal average annual salary of $73,850 in Grand Rapids-Wyoming-Kentwood, MI, aligns precisely with the national average cost of living (index of 100). This means that while the salary is lower than the national average, the purchasing power of that salary is effectively equivalent to the national average. Therefore, relocating to this area as a Compliance Officer does not present a significant advantage or disadvantage in terms of real income based on cost of living.
Job Market Context
880
Total Jobs
1.573
Per 1K Jobs
0.61
Location Quotient
Grand Rapids-Wyoming-Kentwood, MI has 0.61x 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 0.61 for Compliance Officers in Grand Rapids-Wyoming-Kentwood, MI, signifies that the region has a lower concentration of these professionals compared to the national average. This suggests that the job market may be less competitive, potentially offering more opportunities for skilled individuals to find employment. However, it also implies that the demand might not be as high as in areas with a higher concentration, requiring professionals to be strategic in their job search.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Muskegon-Norton Shores, MI Compliance Officers Salary | $75,730↑ 3% | 35 mi |
| Kalamazoo-Portage, MI Compliance Officers Salary | $76,220↑ 3% | 48 mi |
| Battle Creek, MI Compliance Officers Salary | $72,740↓ 2% | 51 mi |
| Lansing-East Lansing, MI Compliance Officers Salary | $76,700↑ 4% | 58 mi |
| Mid Michigan nonmetropolitan area Compliance Officers Salary | $67,650↓ 8% | 62 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Compliance Officers in Grand Rapids-Wyoming-Kentwood, MI is $73,850. This typically ranges from $45,310 for entry-level positions to $113,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 13.6% lower than the national median of $85,520.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Compliance Officers?
No, not particularly lucrative compared to the national average.The average salary of $73,850 is below the national average of $85,520, although the cost of living is on par with the national average.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Compliance Officers?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($75,730) and Kalamazoo-Portage, MI.
How does the Grand Rapids salary compare to the national average?
The average salary for Compliance Officers in Grand Rapids-Wyoming-Kentwood, MI is $73,850, which is $11,670 less than the national average of $85,520.
What is the concentration of Compliance Officers in Grand Rapids?
The concentration, measured by the Location Quotient, is 0.61, indicating fewer Compliance Officers per capita than the national average.
Does the cost of living affect the Grand Rapids salary?
The cost of living in Grand Rapids is at the national average (index 100), meaning the $73,850 salary has the same purchasing power as the national average salary.
How many Compliance Officers work in the Grand Rapids area?
There are approximately 880 Compliance Officers employed in the Grand Rapids-Wyoming-Kentwood, MI 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 880 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 1.573 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 Grand Rapids-Wyoming-Kentwood, MI