Average Compliance Officers Salary in Maryland nonmetropolitan area
Compliance Officers in Maryland's nonmetropolitan areas earn an average annual salary of $75,280. This figure is notably below the national average of $85,520. The localized pay reflects the specific economic conditions and demand dynamics inherent to these less urbanized regions within the state.
Executive Summary
- Average Salary: $75,280 per year.
- Growth Trend: Salaries have shifted 43.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,480.
- Outlook: With a total local workforce of 230 Compliance Officers, the job market in Maryland's nonmetropolitan areas indicates a moderate presence. The Location Quotient of 0.78 suggests that the concentration of these roles is slightly below the national average, implying a stable but not exceptionally high demand for compliance professionals in these specific locales.
Salary Overview
The average Compliance Officers in Maryland nonmetropolitan area earns-12.0%below the national average.
$36.2
$1,448
$6,273
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Compliance Officers across the nation, including in Maryland's nonmetropolitan areas, have experienced steady growth over the past four years. This trend is typically driven by increasing regulatory complexity and the continuous need for skilled professionals to ensure adherence to evolving compliance standards.
Compliance Officers Salary Distribution in Maryland nonmetropolitan area
The salary range for Compliance Officers in Maryland's nonmetropolitan areas can vary significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized knowledge can command salaries in the upper percentiles. These percentile gaps highlight the clear career progression and increased earning potential as one advances in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,570 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,460 | $27.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,110 | $34.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,100 | $45.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,480 | $51.2 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$75,280
Gross Pay
Real Wage (Purchasing Power)
$75,280
Adjusted for COL (100)
The average annual salary of $75,280 in Maryland's nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Compliance Officer's salary in this region is equivalent to the national average, offering a balanced financial standing relative to everyday expenses.
Job Market Context
230
Total Jobs
2.007
Per 1K Jobs
0.78
Location Quotient
Maryland nonmetropolitan area has 0.78x 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.
A Location Quotient of 0.78 for Compliance Officers in Maryland's nonmetropolitan areas indicates a slightly lower concentration of these roles compared to the national average. This suggests that while the profession is present, the market may be less saturated than in metropolitan hubs, potentially offering unique opportunities for those seeking specialized roles or a less competitive environment.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV Compliance Officers Salary | $101,290↑ 35% | 17 mi |
| Baltimore-Columbia-Towson, MD Compliance Officers Salary | $90,870↑ 21% | 19 mi |
| Gettysburg, PA Compliance Officers Salary | $62,790↓ 17% | 58 mi |
| Lexington Park, MD Compliance Officers Salary | $108,370↑ 44% | 59 mi |
| York-Hanover, PA Compliance Officers Salary | $80,700↑ 7% | 62 mi |
Comparing salaries near Maryland nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Maryland nonmetropolitan area?
The median annual salary for a Compliance Officers in Maryland nonmetropolitan area is $75,280. This typically ranges from $49,570 for entry-level positions to $106,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maryland nonmetropolitan area is 12.0% lower than the national median of $85,520.
Is Maryland nonmetropolitan area a lucrative place for Compliance Officers?
No, it is not as lucrative as the national average.The average salary of $75,280 is below the national average of $85,520, indicating lower earning potential in these specific areas.
Is Maryland nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Maryland nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maryland nonmetropolitan area?
Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($101,290) and Baltimore-Columbia-Towson, MD.
How does the number of Compliance Officers in Maryland's nonmetropolitan areas compare nationally?
With a total local workforce of 230, the number of Compliance Officers is relatively small, and the Location Quotient of 0.78 suggests a lower concentration compared to the national average.
What is the significance of the Location Quotient (LQ) for Compliance Officers in this region?
An LQ of 0.78 means that Compliance Officers are 22% less concentrated in Maryland's nonmetropolitan areas than the national average, suggesting a less dense but potentially stable job market.
How does the Cost of Living affect the $75,280 salary?
With a Cost of Living Index of 100 (matching the national average), the $75,280 salary offers purchasing power equivalent to the national average, meaning expenses are neither significantly higher nor lower.
What are the job prospects for Compliance Officers in Maryland's nonmetropolitan areas?
The job market appears stable with a moderate presence of professionals. While not as concentrated as national averages, the consistent need for compliance ensures ongoing opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Maryland nonmetropolitan area area with a job density of 2.007 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 nonmetropolitan area