Average Compliance Officers Salary in Lexington-Fayette, KY
Compliance Officers in Lexington-Fayette, KY earn an average annual salary of $72,430. 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. The specific economic landscape of Lexington-Fayette influences the pay scale for these critical positions.
Executive Summary
- Average Salary: $72,430 per year.
- Growth Trend: Salaries have shifted 11.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,970.
- Outlook: With a local workforce of 450 Compliance Officers and a Location Quotient of 0.62, the job market in Lexington-Fayette, KY, indicates a concentration below the national average. This suggests that while the profession is present, it is not as densely populated as in other regions, implying a potentially stable but not rapidly expanding demand for these professionals within the immediate area.
Salary Overview
The average Compliance Officers in Lexington-Fayette, KY earns-15.3%below the national average.
$34.8
$1,393
$6,036
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette is not provided, it is reasonable to assume that, mirroring national trends, salaries for Compliance Officers in this region have likely seen a gradual increase over the past four years. This growth is typically driven by evolving regulatory landscapes, increased complexity in compliance requirements, and a general upward pressure on wages across many professional sectors.
Compliance Officers Salary Distribution in Lexington-Fayette, KY
Salary progression for Compliance Officers in Lexington-Fayette, KY, typically correlates with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential as one gains more experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,920 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,323 | $26.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,040 | $33.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,538 | $43.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,970 | $52.4 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$72,430
Gross Pay
Real Wage (Purchasing Power)
$72,430
Adjusted for COL (100)
The average annual salary of $72,430 for Compliance Officers in Lexington-Fayette, KY, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the salary in Lexington-Fayette is equivalent to the national average, offering a stable financial standing without the added pressure of a higher cost of living often seen in major metropolitan areas.
Job Market Context
450
Total Jobs
1.592
Per 1K Jobs
0.62
Location Quotient
Lexington-Fayette, KY has 0.62x 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 0.62 for Compliance Officers in Lexington-Fayette, KY, signifies that the concentration of these roles is lower than the national average. This suggests that the job market may be less saturated compared to national hubs, potentially offering a more competitive environment for job seekers or indicating that the demand is more specialized and localized to specific industries within the region.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Compliance Officers Salary | $62,390↓ 14% | 28 mi |
| South Central Kentucky nonmetropolitan area Compliance Officers Salary | $60,830↓ 16% | 28 mi |
| West Kentucky nonmetropolitan area Compliance Officers Salary | $59,930↓ 17% | 28 mi |
| East Kentucky nonmetropolitan area Compliance Officers Salary | $54,710↓ 24% | 28 mi |
| Louisville/Jefferson County, KY-IN Compliance Officers Salary | $78,120↑ 8% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Lexington-Fayette, KY?
The median annual salary for a Compliance Officers in Lexington-Fayette, KY is $72,430. This typically ranges from $46,920 for entry-level positions to $108,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 15.3% lower than the national median of $85,520.
Is Lexington-Fayette, KY a lucrative place for Compliance Officerss?
No, not compared to the national average.The average salary of $72,430 is significantly lower than the national average of $85,520. While the cost of living is average, the lower salary indicates less lucrative opportunities in this specific location.
Is Lexington-Fayette, KY a good place to live for Compliance Officers?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($62,390) and South Central Kentucky nonmetropolitan area.
How does the number of Compliance Officers in Lexington-Fayette compare nationally?
Lexington-Fayette has a local workforce of 450 Compliance Officers, which, relative to its population and compared to the national average concentration (Location Quotient of 0.62), suggests a smaller presence of these professionals.
What is the job outlook for Compliance Officers in Lexington-Fayette, KY?
The job outlook appears stable, with a moderate number of professionals and a below-average concentration. This suggests steady demand without rapid expansion, making it a reliable career path.
Does experience significantly impact a Compliance Officer's salary in Lexington-Fayette?
Yes, experience is a key factor. As Compliance Officers gain more experience, their salaries typically increase, moving them into higher earning percentiles and reflecting greater expertise and responsibility.
How does the cost of living in Lexington-Fayette affect the salary?
The cost of living in Lexington-Fayette is exactly at the national average (100). This means the $72,430 salary offers average purchasing power, making it comparable to living in other average-cost areas nationally.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Lexington-Fayette, KY area with a job density of 1.592 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 Lexington-Fayette, KY