Average Compliance Officers Salary in Kalamazoo-Portage, MI
Compliance Officers in Kalamazoo-Portage, MI, earn an average annual salary of $76,220. This figure is notably below the national average of $85,520, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation within this Michigan region.
Executive Summary
- Average Salary: $76,220 per year.
- Growth Trend: Salaries have shifted 5.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,430.
- Outlook: The Kalamazoo-Portage area supports a local workforce of 280 Compliance Officers, with a location quotient of 0.91. This indicates a job market that is nearly on par with the national average in terms of concentration, suggesting a stable but not exceptionally high demand for these professionals. The presence of 2.358 jobs per 1,000 workers points to a consistent need for compliance expertise within the local economy.
Salary Overview
The average Compliance Officers in Kalamazoo-Portage, MI earns-10.9%below the national average.
$36.7
$1,466
$6,352
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Kalamazoo-Portage is not provided, it is reasonable to assume that salaries for Compliance Officers in this region have experienced growth over the past four years, mirroring national trends. Economic expansion, evolving regulatory landscapes, and increased emphasis on corporate governance typically drive upward salary adjustments for such critical roles.
Compliance Officers Salary Distribution in Kalamazoo-Portage, MI
Career progression for Compliance Officers in Kalamazoo-Portage typically sees a significant salary increase with experience. Entry-level positions might start around the lower percentiles, while seasoned professionals with specialized knowledge and extensive experience can command salaries in the upper percentiles, reflecting a substantial earning potential as expertise deepens and responsibilities grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,030 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,165 | $27.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,930 | $35.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,275 | $45.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,430 | $50.7 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$76,220
Gross Pay
Real Wage (Purchasing Power)
$76,220
Adjusted for COL (100)
With an average annual salary of $76,220 and a Cost of Living Index of 100, Compliance Officers in Kalamazoo-Portage, MI, find their nominal earnings directly align with the national average cost of living. This means that while the salary is below the national average, the purchasing power of that salary is comparable to the national standard, offering a balanced financial outlook for residents.
Job Market Context
280
Total Jobs
2.358
Per 1K Jobs
0.91
Location Quotient
Kalamazoo-Portage, MI has 0.91x 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.
The location quotient of 0.91 for Compliance Officers in Kalamazoo-Portage suggests that the concentration of these roles in the area is slightly below the national average. This implies that while the market is not oversaturated, it is also not experiencing an exceptionally high demand compared to other regions, indicating a moderately competitive job landscape for compliance professionals.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Battle Creek, MI Compliance Officers Salary | $72,740↓ 5% | 18 mi |
| Elkhart-Goshen, IN Compliance Officers Salary | $76,020↓ 0% | 45 mi |
| Niles, MI Compliance Officers Salary | $67,710↓ 11% | 45 mi |
| Grand Rapids-Wyoming-Kentwood, MI Compliance Officers Salary | $73,850↓ 3% | 48 mi |
| South Bend-Mishawaka, IN-MI Compliance Officers Salary | $78,080↑ 2% | 54 mi |
Comparing salaries near Kalamazoo-Portage, MI
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Kalamazoo-Portage, MI?
The median annual salary for a Compliance Officers in Kalamazoo-Portage, MI is $76,220. This typically ranges from $48,030 for entry-level positions to $105,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kalamazoo-Portage, MI is 10.9% lower than the national median of $85,520.
Is Kalamazoo-Portage, MI a lucrative place for Compliance Officers?
No, not exceptionally lucrative compared to the national average.While the average salary of $76,220 is respectable, it falls below the national average of $85,520. However, the cost of living being at the national average means the purchasing power is comparable.
Is Kalamazoo-Portage, MI a good place to live for Compliance Officers?
The Cost of Living Index in Kalamazoo-Portage, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kalamazoo-Portage, MI?
Some top paying nearby cities include Battle Creek, MI ($72,740) and Elkhart-Goshen, IN.
How does the Kalamazoo-Portage salary compare to the national average?
The average annual salary for Compliance Officers in Kalamazoo-Portage, MI is $76,220, which is $9,300 less than the national average of $85,520.
What is the cost of living in Kalamazoo-Portage, MI for Compliance Officers?
The Cost of Living Index in Kalamazoo-Portage, MI is 100, which is exactly the national average, meaning the cost of goods and services is neither higher nor lower than the typical US city.
How concentrated is the Compliance Officer job market in Kalamazoo-Portage, MI?
The job market concentration, measured by the location quotient, is 0.91, indicating that Compliance Officers are slightly less prevalent in Kalamazoo-Portage compared to the national average.
What is the total number of Compliance Officers in Kalamazoo-Portage, MI?
There are approximately 280 Compliance Officers employed in the Kalamazoo-Portage, 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 280 employees in the Kalamazoo-Portage, MI area with a job density of 2.358 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 Kalamazoo-Portage, MI