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Average Compliance Officers Salary in Lynchburg, VA

Compliance Officers in Lynchburg, VA earn an average annual salary of $66,350. 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 levels within this specific Virginia city.

Executive Summary

  • Average Salary: $66,350 per year.
  • Growth Trend: Salaries have shifted 12.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $94,520.
  • Outlook: Lynchburg, VA hosts a local workforce of 270 Compliance Officers, with a jobs-per-1,000-workers ratio of 2.726. The Location Quotient of 1.06 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not rapidly expanding, demand for compliance professionals in the area.
2024 Market Data

Salary Overview

$66,350

The average Compliance Officers in Lynchburg, VA earns-22.4%below the national average.

BreakdownBased on 40h/week
Hourly

$31.9

Weekly

$1,276

Monthly

$5,529

Compliance Officers Salary Distribution in Lynchburg, VA

The salary trajectory for Compliance Officers in Lynchburg, VA, typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior roles, demanding greater expertise and responsibility, can command significantly higher salaries. The percentile gaps between these levels underscore the clear career progression and earning potential available within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$44,850$21.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$49,763$23.9
ManagerOversees team, compliance, and project delivery.50% (Median)$60,700$29.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$82,938$39.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$94,520$45.4

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$66,350

Gross Pay

Real Wage (Purchasing Power)

$66,350

Adjusted for COL (100)

With an average annual salary of $66,350 and a Cost of Living Index of 100 (matching the national average), Compliance Officers in Lynchburg, VA, find their nominal earnings directly align with the cost of living. This means that the purchasing power of their salary is comparable to the national standard, offering a balanced financial environment for residents.

Job Market Context

270

Total Jobs

2.726

Per 1K Jobs

1.06

Location Quotient

Above Average

With a location quotient of 1.06, Lynchburg, VA has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.

Lynchburg, VA's Location Quotient of 1.06 for Compliance Officers suggests a job market that is slightly more concentrated than the national average. This indicates a healthy presence of these roles, implying a competitive yet accessible market for both employers seeking talent and professionals looking for opportunities within the city.

Nearby Job Markets

Nearby Cities for Compliance Officers

CitySalaryDist.
Roanoke, VA Compliance Officers Salary$71,020↑ 7%43 mi
Staunton-Stuarts Draft, VA Compliance Officers Salary$63,800↓ 4%53 mi
Charlottesville, VA Compliance Officers Salary$80,000↑ 21%59 mi
Southside Virginia nonmetropolitan area Compliance Officers Salary$69,230↑ 4%61 mi
Northern West Virginia nonmetropolitan area Compliance Officers Salary$63,700↓ 4%61 mi

Comparing salaries near Lynchburg, VA

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in Lynchburg, VA?

The median annual salary for a Compliance Officers in Lynchburg, VA is $66,350. This typically ranges from $44,850 for entry-level positions to $94,520 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lynchburg, VA is 22.4% lower than the national median of $85,520.

Is Lynchburg, VA a lucrative place for Compliance Officers?

No, not exceptionally lucrative compared to the national average.While Lynchburg, VA offers a stable market for Compliance Officers with a salary of $66,350, this is below the national average of $85,520. The cost of living is average, meaning the purchasing power is standard, but not indicative of high earning potential.

Is Lynchburg, VA a good place to live for Compliance Officers?

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

Where are the highest paying cities near Lynchburg, VA?

Some top paying nearby cities include Roanoke, VA ($71,020) and Staunton-Stuarts Draft, VA.

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

The average annual salary for Compliance Officers in Lynchburg, VA is $66,350, which is less than the national average of $85,520.

What is the concentration of Compliance Officers in Lynchburg, VA?

Lynchburg, VA has a Location Quotient of 1.06 for Compliance Officers, indicating a slightly higher concentration of these roles compared to the national average.

How does the cost of living in Lynchburg, VA affect salary perception?

Lynchburg, VA has a Cost of Living Index of 100, which is the national average. This means the $66,350 salary has a purchasing power equivalent to the national standard.

What is the total workforce of Compliance Officers in Lynchburg, VA?

There are approximately 270 Compliance Officers working in Lynchburg, VA.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Lynchburg, VA area with a job density of 2.726 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 Lynchburg, VA