Average Compliance Officers Salary in Massachusetts
Compliance Officers in Massachusetts earn an impressive average annual salary of $96,880, significantly exceeding the national average of $85,520. This elevated compensation is driven by the state's robust regulatory environment and a higher demand for specialized compliance expertise, reflecting the intricate financial and healthcare sectors prevalent in the region.
Executive Summary
- Average Salary: $96,880 per year.
- Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $140,390.
- Outlook: With a substantial local workforce of 11,460 Compliance Officers and a Location Quotient of 1.22, Massachusetts demonstrates a strong and concentrated demand for these professionals. The ratio of 3.147 jobs per 1,000 workers indicates a market where compliance roles are more prevalent than the national average, suggesting a healthy and active job market for skilled individuals.
Salary Overview
The average Compliance Officers in Massachusetts earns+13.3%above the national average.
$46.6
$1,863
$8,073
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the demand for Compliance Officers in Massachusetts has seen consistent growth over the past four years, mirroring national trends. This growth is likely fueled by evolving regulatory landscapes and an increasing emphasis on corporate governance, leading to a steady appreciation in average salaries within the state.
Compliance Officers Salary Distribution in Massachusetts
The salary trajectory for Compliance Officers in Massachusetts typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized knowledge and a proven track record can command salaries well into the upper percentiles. These percentile gaps clearly signify the career progression and increased earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,710 | $28.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,660 | $34.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,890 | $44.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $121,100 | $58.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $140,390 | $67.5 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$96,880
Gross Pay
Real Wage (Purchasing Power)
$65,283
Adjusted for COL (148.4)
While the average annual salary of $96,880 for Compliance Officers in Massachusetts is attractive, it must be considered against the state's Cost of Living Index of 148.4, which is substantially higher than the national average. This means that while the nominal income is higher, the purchasing power may be somewhat diminished due to the elevated cost of goods and services, particularly housing.
Job Market Context
11,460
Total Jobs
3.147
Per 1K Jobs
1.22
Location Quotient
With a location quotient of 1.22, Massachusetts has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.22 indicates that Compliance Officers are more concentrated in Massachusetts than in the average U.S. state. This suggests a competitive market where employers may need to offer higher compensation and benefits to attract and retain top talent, while also presenting ample opportunities for professionals seeking specialized roles within this key industry hub.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Compliance Officers Salary | $87,830↓ 9% | 14 mi |
| Boston-Cambridge-Newton, MA-NH Compliance Officers Salary | $98,760↑ 2% | 24 mi |
| Providence-Warwick, RI-MA Compliance Officers Salary | $86,060↓ 11% | 29 mi |
| Amherst Town-Northampton, MA Compliance Officers Salary | $82,120↓ 15% | 52 mi |
| Springfield, MA Compliance Officers Salary | $83,140↓ 14% | 52 mi |
Comparing salaries near Massachusetts
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Massachusetts?
The median annual salary for a Compliance Officers in Massachusetts is $96,880. This typically ranges from $58,710 for entry-level positions to $140,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Massachusetts is 13.3% higher than the national median of $85,520.
Is Massachusetts a lucrative place for Compliance Officerss?
Yes, Massachusetts is a lucrative state for Compliance Officers.The average salary significantly surpasses the national average, and the concentration of these roles indicates strong demand. However, the high cost of living should also be factored into overall financial well-being.
Is Massachusetts a good place to live for Compliance Officers?
The Cost of Living Index in Massachusetts is 148.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Massachusetts?
Some top paying nearby cities include Worcester, MA ($87,830) and Boston-Cambridge-Newton, MA-NH.
How does the average salary compare to the national average?
Compliance Officers in Massachusetts earn an average of $96,880 annually, which is $11,360 more than the national average of $85,520.
What is the Cost of Living in Massachusetts?
Massachusetts has a Cost of Living Index of 148.4, meaning it is 48.4% more expensive to live there than the national average.
Is there high demand for Compliance Officers in Massachusetts?
Yes, the Location Quotient of 1.22 and 3.147 jobs per 1,000 workers suggest a higher concentration and demand for Compliance Officers compared to the national average.
How does experience affect a Compliance Officer's salary in Massachusetts?
Experience significantly impacts salary, with entry-level roles earning less and senior positions commanding higher salaries, reflecting career progression and specialized expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,460 employees in the Massachusetts area with a job density of 3.147 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 Massachusetts