Average Compliance Officers Salary in Kennewick-Richland, WA
Compliance Officers in Kennewick-Richland, WA, command an impressive average annual salary of $99,250, significantly exceeding the national average of $85,520. This elevated compensation is largely driven by the specific demands and concentration of compliance-related industries within the region, necessitating a higher pay scale to attract and retain specialized talent.
Executive Summary
- Average Salary: $99,250 per year.
- Growth Trend: Salaries have shifted 20.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $141,450.
- Outlook: The Kennewick-Richland, WA, job market for Compliance Officers appears robust, supported by a local workforce of 390 professionals. With a Location Quotient of 1.17, the area shows a higher concentration of these roles than the national average, indicating a steady demand and a potentially stable job market for skilled individuals in this field.
Salary Overview
The average Compliance Officers in Kennewick-Richland, WA earns+16.1%above the national average.
$47.7
$1,909
$8,271
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Kennewick-Richland, WA, have experienced a positive growth trend over the past four years, mirroring national trends of increasing demand for regulatory expertise and a corresponding upward pressure on compensation.
Compliance Officers Salary Distribution in Kennewick-Richland, WA
Salary progression for Compliance Officers in Kennewick-Richland, WA, typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized certifications can command salaries in the upper percentiles. These percentile gaps are indicative of significant career progression opportunities and the value placed on advanced skills and a proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,090 | $27.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,438 | $35.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,160 | $43.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $124,063 | $59.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $141,450 | $68 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$99,250
Gross Pay
Real Wage (Purchasing Power)
$99,250
Adjusted for COL (100)
The average annual salary of $99,250 in Kennewick-Richland, WA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Compliance Officer's salary in this area is equivalent to the national standard, offering a stable financial footing without the immediate pressure of higher living expenses.
Job Market Context
390
Total Jobs
3.031
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Kennewick-Richland, WA has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.17 suggests that Compliance Officer roles are more concentrated in Kennewick-Richland, WA, than the national average. This indicates a competitive market where demand slightly outpaces the national average, potentially offering more opportunities for qualified candidates but also requiring professionals to stay current with industry standards and regulations.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Walla Walla, WA Compliance Officers Salary | $75,220↓ 24% | 41 mi |
| Yakima, WA Compliance Officers Salary | $82,730↓ 17% | 71 mi |
Comparing salaries near Kennewick-Richland, WA
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Kennewick-Richland, WA?
The median annual salary for a Compliance Officers in Kennewick-Richland, WA is $99,250. This typically ranges from $58,090 for entry-level positions to $141,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kennewick-Richland, WA is 16.1% higher than the national median of $85,520.
Is Kennewick-Richland, WA a lucrative place for Compliance Officers?
Yes, it is a lucrative place for Compliance Officers.Compliance Officers in Kennewick-Richland, WA, earn significantly above the national average salary. Coupled with a cost of living that matches the national average, this makes the area financially attractive for the profession.
Is Kennewick-Richland, WA a good place to live for Compliance Officers?
The Cost of Living Index in Kennewick-Richland, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kennewick-Richland, WA?
Some top paying nearby cities include Walla Walla, WA ($75,220) and Yakima, WA.
How does the local workforce size impact job opportunities?
With a local workforce of 390 Compliance Officers, the market is substantial enough to support specialized roles while remaining accessible for new entrants, suggesting a balanced job market.
What does a Location Quotient of 1.17 mean for Compliance Officers?
A Location Quotient of 1.17 signifies that Kennewick-Richland, WA, has a higher concentration of Compliance Officer jobs compared to the national average, indicating a potentially stronger local demand for these professionals.
How does the cost of living affect the $99,250 salary?
With a Cost of Living Index of 100, the $99,250 salary in Kennewick-Richland, WA, has the same purchasing power as the national average salary, offering a stable standard of living.
Are there many Compliance Officer jobs per 1,000 workers in Kennewick-Richland, WA?
With 3.031 jobs per 1,000 workers, Kennewick-Richland, WA, demonstrates a healthy presence of Compliance Officer roles relative to its overall workforce size.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Kennewick-Richland, WA area with a job density of 3.031 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 Kennewick-Richland, WA