Average Compliance Officers Salary in Maryland
Compliance Officers in Maryland earn an impressive average annual salary of $94,030, significantly exceeding the national average of $85,520. This elevated compensation is largely driven by Maryland's robust regulatory environment and the specialized demand for skilled compliance professionals within its key industries, necessitating higher pay to attract and retain top talent.
Executive Summary
- Average Salary: $94,030 per year.
- Growth Trend: Salaries have shifted 18.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,810.
- Outlook: With a local workforce of 8,860 Compliance Officers and a Location Quotient of 1.25, Maryland demonstrates a notable concentration of these roles compared to the national landscape. This indicates a healthy and potentially growing demand for compliance expertise within the state, suggesting a robust job market for professionals in this field.
Salary Overview
The average Compliance Officers in Maryland earns+10.0%above the national average.
$45.2
$1,808
$7,836
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Maryland have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is likely fueled by increasing regulatory complexity and a sustained demand for diligent oversight across various sectors within the state.
Compliance Officers Salary Distribution in Maryland
The career path for Compliance Officers typically involves significant salary progression. Entry-level positions may start closer to the lower percentiles, but with accumulated experience and specialized certifications, professionals can advance to senior roles commanding salaries well into the higher percentiles, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,590 | $26.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,523 | $33.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $87,580 | $42.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $117,538 | $56.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,810 | $64.3 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$94,030
Gross Pay
Real Wage (Purchasing Power)
$75,164
Adjusted for COL (125.1)
While the nominal salary of $94,030 is attractive, Maryland's Cost of Living Index of 125.1 means that the purchasing power of this salary is somewhat diminished compared to national averages. Prospective residents should carefully consider this higher cost of living when evaluating the true financial benefit of relocating for a Compliance Officer position.
Job Market Context
8,860
Total Jobs
3.228
Per 1K Jobs
1.25
Location Quotient
With a location quotient of 1.25, Maryland has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.25 signifies that Compliance Officers are 25% more concentrated in Maryland than the national average. This suggests a competitive market where employers actively seek these professionals, potentially leading to more job opportunities but also requiring candidates to highlight their unique qualifications to stand out.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV Compliance Officers Salary | $101,290↑ 8% | 17 mi |
| Baltimore-Columbia-Towson, MD Compliance Officers Salary | $90,870↓ 3% | 19 mi |
| Gettysburg, PA Compliance Officers Salary | $62,790↓ 33% | 58 mi |
| Lexington Park, MD Compliance Officers Salary | $108,370↑ 15% | 59 mi |
| York-Hanover, PA Compliance Officers Salary | $80,700↓ 14% | 62 mi |
Comparing salaries near Maryland
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Maryland?
The median annual salary for a Compliance Officers in Maryland is $94,030. This typically ranges from $55,590 for entry-level positions to $133,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maryland is 10.0% higher than the national median of $85,520.
Is Maryland a lucrative place for Compliance Officers?
Yes, Maryland is a lucrative place for Compliance Officers.Compliance Officers in Maryland earn approximately $8,500 more annually than the national average. While the cost of living is higher, the substantial salary premium indicates strong earning potential within the state.
Is Maryland a good place to live for Compliance Officers?
The Cost of Living Index in Maryland is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maryland?
Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($101,290) and Baltimore-Columbia-Towson, MD.
How does Maryland's average Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Maryland is $94,030, which is notably higher than the national average of $85,520.
What is the concentration of Compliance Officers in Maryland?
Maryland has a higher concentration of Compliance Officers than the national average, indicated by a Location Quotient of 1.25.
How does the cost of living in Maryland affect the Compliance Officer salary?
Maryland's Cost of Living Index is 125.1, meaning it is 25.1% more expensive than the national average. This higher cost of living should be factored into the perceived value of the $94,030 salary.
What does the number of jobs per 1,000 workers suggest for Compliance Officers in Maryland?
With 3.228 jobs per 1,000 workers, Maryland shows a solid presence of Compliance Officer roles relative to its overall workforce, indicating consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,860 employees in the Maryland area with a job density of 3.228 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 Maryland