Average Compliance Officers Salary in Memphis, TN-MS-AR
Compliance Officers in the Memphis, TN-MS-AR area earn an average annual salary of $73,020. This figure is notably below the national average of $85,520, indicating that local market dynamics and potentially a different industry focus influence compensation. The specific economic landscape and demand for compliance expertise within the region play a significant role in shaping these salary levels.
Executive Summary
- Average Salary: $73,020 per year.
- Growth Trend: Salaries have shifted 7.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,070.
- Outlook: With a local workforce of 1,390 Compliance Officers, the Memphis region demonstrates a substantial presence in this field. The Location Quotient of 0.87 suggests that the concentration of these roles is slightly below the national average, implying a stable but not exceptionally high demand relative to other professions. The rate of 2.244 jobs per 1,000 workers further reinforces the notion of a consistent, albeit not rapidly expanding, job market for compliance professionals in this area.
Salary Overview
The average Compliance Officers in Memphis, TN-MS-AR earns-14.6%below the national average.
$35.1
$1,404
$6,085
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Compliance Officers across the United States, including the Memphis region, have experienced steady growth over the past four years. This trend is driven by increasing regulatory complexity and a heightened emphasis on corporate governance and risk management, pushing compensation upwards to attract and retain qualified talent.
Compliance Officers Salary Distribution in Memphis, TN-MS-AR
The salary trajectory for Compliance Officers typically scales significantly with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command salaries well above the average. The percentile gaps in compensation clearly signify career progression, rewarding those who advance their skills and take on greater responsibilities within the compliance domain.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,270 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,765 | $26.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,170 | $32.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,275 | $43.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,070 | $55.3 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$73,020
Gross Pay
Real Wage (Purchasing Power)
$73,020
Adjusted for COL (100)
For professionals considering a move to Memphis, TN-MS-AR, the average Compliance Officer salary of $73,020 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, offering a balanced financial outlook. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay will maintain its value within the local economic environment.
Job Market Context
1,390
Total Jobs
2.244
Per 1K Jobs
0.87
Location Quotient
Memphis, TN-MS-AR has 0.87x 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.
The Location Quotient of 0.87 for Compliance Officers in Memphis indicates a job market that is slightly less concentrated than the national average. This suggests that while there is a solid base of compliance professionals, the field is not oversaturated. This equilibrium can be favorable for job seekers, as it implies a steady demand without overwhelming competition, potentially leading to more opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Compliance Officers Salary | $61,230↓ 16% | 64 mi |
| Jackson, TN Compliance Officers Salary | $59,070↓ 19% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Memphis, TN-MS-AR?
The median annual salary for a Compliance Officers in Memphis, TN-MS-AR is $73,020. This typically ranges from $40,270 for entry-level positions to $115,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 14.6% lower than the national median of $85,520.
Is Memphis, TN-MS-AR a lucrative place for Compliance Officers?
No, not exceptionally lucrative compared to the national average.The average salary of $73,020 is below the national average of $85,520, although the cost of living is on par with the national average.
Is Memphis, TN-MS-AR a good place to live for Compliance Officers?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($61,230) and Jackson, TN.
How does the Memphis Compliance Officer salary compare to the national average?
The average salary for Compliance Officers in Memphis, TN-MS-AR is $73,020, which is approximately 14.6% lower than the national average of $85,520.
What is the Cost of Living in Memphis, TN-MS-AR?
The Cost of Living Index in Memphis, TN-MS-AR is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the country.
How many Compliance Officers work in the Memphis area?
There are approximately 1,390 Compliance Officers employed in the Memphis, TN-MS-AR region, representing 2.244 jobs per 1,000 workers.
Is the job market for Compliance Officers strong in Memphis?
The job market is stable, with a Location Quotient of 0.87 suggesting a slightly lower concentration than the national average, indicating consistent demand without extreme competition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,390 employees in the Memphis, TN-MS-AR area with a job density of 2.244 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 Memphis, TN-MS-AR