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Average Compliance Officers Salary in Knoxville, TN

Compliance Officers in Knoxville, TN earn an average annual salary of $74,280, which is below the national average of $85,520. This difference can be attributed to a combination of local market dynamics, industry concentration, and potentially a lower cost of living compared to major metropolitan hubs where compliance roles often command higher compensation.

Executive Summary

  • Average Salary: $74,280 per year.
  • Growth Trend: Salaries have shifted 5.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $118,050.
  • Outlook: With a local workforce of 900 Compliance Officers and a Location Quotient of 0.83, Knoxville presents a moderately concentrated market for these professionals. While not exceeding the national average concentration, the presence of a dedicated workforce suggests a stable demand for compliance expertise within the region's economic landscape.
2024 Market Data

Salary Overview

$74,280

The average Compliance Officers in Knoxville, TN earns-13.1%below the national average.

BreakdownBased on 40h/week
Hourly

$35.7

Weekly

$1,428

Monthly

$6,190

Compliance Officers Salary Distribution in Knoxville, TN

The career trajectory for Compliance Officers typically involves significant salary increases with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command salaries well above the average, reflecting their increased value and responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$40,700$19.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$55,710$26.8
ManagerOversees team, compliance, and project delivery.50% (Median)$68,860$33.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$92,850$44.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$118,050$56.8

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$74,280

Gross Pay

Real Wage (Purchasing Power)

$74,280

Adjusted for COL (100)

Knoxville's Cost of Living Index stands at 100, which is precisely the national average. This means that the nominal salary of $74,280 for Compliance Officers in Knoxville offers purchasing power equivalent to the national average. Therefore, the salary is well-aligned with the local economic conditions, providing a stable standard of living.

Job Market Context

900

Total Jobs

2.153

Per 1K Jobs

0.83

Location Quotient

Below Average

Knoxville, TN has 0.83x 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 0.83 indicates that Knoxville has a slightly lower concentration of Compliance Officers compared to the national average. This suggests that while the profession is present and supported by a workforce of 900, the market may not be as saturated as in other regions, potentially offering good opportunities for skilled individuals.

Nearby Job Markets

Nearby Cities for Compliance Officers

CitySalaryDist.
Morristown, TN Compliance Officers Salary$58,440↓ 21%40 mi
Cleveland, TN Compliance Officers Salary$64,280↓ 13%75 mi
Asheville, NC Compliance Officers Salary$73,410↓ 1%83 mi
Kingsport-Bristol, TN-VA Compliance Officers Salary$75,590↑ 2%87 mi
Johnson City, TN Compliance Officers Salary$60,430↓ 19%91 mi

Comparing salaries near Knoxville, TN

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in Knoxville, TN?

The median annual salary for a Compliance Officers in Knoxville, TN is $74,280. This typically ranges from $40,700 for entry-level positions to $118,050 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Knoxville, TN is 13.1% lower than the national median of $85,520.

Is Knoxville, TN a lucrative place for Compliance Officers?

No, not exceptionally lucrative compared to the national average.While Compliance Officers in Knoxville earn a respectable $74,280, this figure falls short of the national average. However, the cost of living being at the national average means the salary's purchasing power is standard.

Is Knoxville, TN a good place to live for Compliance Officers?

The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Knoxville, TN?

Some top paying nearby cities include Morristown, TN ($58,440) and Cleveland, TN.

What is the average salary for a Compliance Officer in Knoxville, TN?

The average annual salary for a Compliance Officer in Knoxville, TN is $74,280.

How does Knoxville's Compliance Officer salary compare to the national average?

The average salary in Knoxville ($74,280) is lower than the national average ($85,520).

What is the Cost of Living in Knoxville, TN?

Knoxville, TN has a Cost of Living Index of 100, which is equal to the national average.

How concentrated is the Compliance Officer job market in Knoxville?

The job market for Compliance Officers in Knoxville is moderately concentrated, with a Location Quotient of 0.83, indicating slightly less concentration than the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Knoxville, TN area with a job density of 2.153 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Knoxville, TN