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Average Compliance Officers Salary in Maine

Compliance Officers in Maine earn an impressive average annual salary of $86,690, slightly surpassing the national average of $85,520. This favorable compensation reflects the state's specific economic landscape and the demand for skilled professionals in regulatory and risk management roles within Maine's unique business environment.

Executive Summary

  • Average Salary: $86,690 per year.
  • Growth Trend: Salaries have shifted 19.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $124,110.
  • Outlook: With a total local workforce of 1,890 Compliance Officers and a Location Quotient of 1.16, Maine demonstrates a healthy concentration of these professionals relative to the national average. This indicates a stable and potentially growing demand for compliance expertise within the state, suggesting a robust job market for individuals in this field.
2024 Market Data

Salary Overview

$86,690

The average Compliance Officers in Maine earns+1.4%above the national average.

BreakdownBased on 40h/week
Hourly

$41.7

Weekly

$1,667

Monthly

$7,224

Compliance Officers Salary Distribution in Maine

Career progression for Compliance Officers in Maine typically correlates with experience. Entry-level positions may start at a lower percentile of the salary range, while seasoned professionals with specialized knowledge and extensive experience can command salaries significantly higher, potentially reaching the upper percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$49,230$23.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$65,018$31.3
ManagerOversees team, compliance, and project delivery.50% (Median)$86,940$41.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$108,363$52.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$124,110$59.7

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$86,690

Gross Pay

Real Wage (Purchasing Power)

$77,749

Adjusted for COL (111.5)

The average annual salary of $86,690 in Maine presents a strong purchasing power, especially when considered against the state's Cost of Living Index of 111.5. While this index is slightly above the national average, the higher nominal salary suggests that Compliance Officers can maintain a comfortable standard of living, with their earnings effectively offsetting the increased cost of goods and services.

Job Market Context

1,890

Total Jobs

2.981

Per 1K Jobs

1.16

Location Quotient

Above Average

With a location quotient of 1.16, Maine has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.

A Location Quotient of 1.16 signifies that Compliance Officers are more concentrated in Maine than the national average. This suggests a specialized market where demand may be slightly higher relative to the general workforce, potentially leading to competitive compensation and a good number of job opportunities for qualified candidates within the state.

Nearby Job Markets

Nearby Cities for Compliance Officers

CitySalaryDist.
Bangor, ME Compliance Officers Salary$89,050↑ 3%31 mi
Lewiston-Auburn, ME Compliance Officers Salary$69,780↓ 20%57 mi
Portland-South Portland, ME Compliance Officers Salary$91,250↑ 5%83 mi

Comparing salaries near Maine

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in Maine?

The median annual salary for a Compliance Officers in Maine is $86,690. This typically ranges from $49,230 for entry-level positions to $124,110 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Maine is 1.4% higher than the national median of $85,520.

Is Maine a lucrative place for Compliance Officers?

Yes, Maine offers a lucrative environment for Compliance Officers.Compliance Officers in Maine earn above the national average salary, and while the cost of living is slightly higher, the nominal wage provides strong purchasing power.

Is Maine a good place to live for Compliance Officers?

The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Maine?

Some top paying nearby cities include Bangor, ME ($89,050) and Lewiston-Auburn, ME.

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

The average annual salary for Compliance Officers in Maine is $86,690, which is slightly higher than the national average of $85,520.

What is the concentration of Compliance Officers in Maine?

Maine has a Location Quotient of 1.16 for Compliance Officers, indicating a higher concentration of these professionals compared to the national average.

How does the cost of living in Maine affect a Compliance Officer's salary?

Maine's Cost of Living Index is 111.5, which is above the national average. However, the higher average salary of $86,690 helps to offset this increased cost, providing good real wages.

What is the total number of Compliance Officers working in Maine?

There are approximately 1,890 Compliance Officers employed within the state of Maine.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,890 employees in the Maine area with a job density of 2.981 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 Maine