Average Compliance Officers Salary in Lower East Mississippi nonmetropolitan area
Compliance Officers in the Lower East Mississippi nonmetropolitan area earn an average annual salary of $66,150. This figure is notably below the national average of $85,520, reflecting regional economic factors and potentially a lower demand for specialized compliance roles in this specific nonmetropolitan setting. The localized pay scale is a direct consequence of the area's unique economic landscape and industry concentration.
Executive Summary
- Average Salary: $66,150 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,550.
- Outlook: The job market for Compliance Officers in the Lower East Mississippi nonmetropolitan area appears stable, albeit with a smaller footprint. A total local workforce of 220 individuals in this role, coupled with a Location Quotient of 0.7, suggests a slightly lower concentration of these professionals compared to national averages. While not indicating a booming demand, this concentration implies a steady, albeit specialized, need within the region's economy.
Salary Overview
The average Compliance Officers in Lower East Mississippi nonmetropolitan area earns-22.6%below the national average.
$31.8
$1,272
$5,513
Compliance Officers Salary Trends (2020-2024)
While specific historical data for the Lower East Mississippi nonmetropolitan area is not provided, it is reasonable to assume a general trend of salary growth for Compliance Officers over the past four years, mirroring national patterns. Economic shifts and increasing regulatory complexities often drive up the value of compliance expertise, suggesting that compensation in this region has likely seen incremental increases, aiming to keep pace with evolving industry standards.
Compliance Officers Salary Distribution in Lower East Mississippi nonmetropolitan area
Career progression for Compliance Officers in the Lower East Mississippi nonmetropolitan area typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command salaries substantially higher than the average. The percentile gaps in compensation clearly signify the value placed on accumulated expertise and leadership capabilities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,380 | $16 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,613 | $23.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,610 | $31.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $82,688 | $39.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $98,550 | $47.4 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$66,150
Gross Pay
Real Wage (Purchasing Power)
$66,150
Adjusted for COL (100)
The nominal average salary of $66,150 in the Lower East Mississippi nonmetropolitan area aligns perfectly with the national average cost of living, indicated by an index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is equivalent to the national standard. Therefore, relocating to this area for a Compliance Officer role does not present a disadvantage in terms of cost of living impacting disposable income.
Job Market Context
220
Total Jobs
1.794
Per 1K Jobs
0.7
Location Quotient
Lower East Mississippi nonmetropolitan area has 0.70x 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 0.7 for Compliance Officers in the Lower East Mississippi nonmetropolitan area indicates that the concentration of these professionals is below the national average. This suggests that the job market may be less saturated than in metropolitan areas, potentially offering a unique opportunity for skilled individuals. However, it also implies that the overall demand might be more niche, requiring professionals to tailor their skills to the specific needs of local industries.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Compliance Officers Salary | $70,960↑ 7% | 43 mi |
Comparing salaries near Lower East Mississippi nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Lower East Mississippi nonmetropolitan area?
The median annual salary for a Compliance Officers in Lower East Mississippi nonmetropolitan area is $66,150. This typically ranges from $33,380 for entry-level positions to $98,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lower East Mississippi nonmetropolitan area is 22.6% lower than the national median of $85,520.
Is Lower East Mississippi nonmetropolitan area a lucrative place for Compliance Officers?
No, it is not considered lucrative compared to national standards.The average salary of $66,150 is significantly lower than the national average of $85,520. While the cost of living is average, the lower pay scale indicates less lucrative opportunities in this specific region.
Is Lower East Mississippi nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Lower East Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lower East Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($70,960) and others.
How does the Lower East Mississippi nonmetropolitan area compare to national salary averages for Compliance Officers?
Compliance Officers in the Lower East Mississippi nonmetropolitan area earn an average of $66,150 annually, which is considerably less than the national average of $85,520.
What is the concentration of Compliance Officers in this region?
The concentration, measured by the Location Quotient, is 0.7, indicating fewer Compliance Officers per worker compared to the national average.
Does the cost of living affect the value of the Compliance Officer salary in this area?
No, the cost of living index is 100, which is the national average. This means the $66,150 salary has the same purchasing power as it would nationally.
How many Compliance Officers are employed in the Lower East Mississippi nonmetropolitan area?
There are approximately 220 Compliance Officers employed in the Lower East Mississippi nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Lower East Mississippi nonmetropolitan area area with a job density of 1.794 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 Lower East Mississippi nonmetropolitan area