Average Compliance Officers Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Compliance Officers in the Minneapolis-St. Paul-Bloomington, MN-WI area earn an impressive average annual salary of $94,470, significantly exceeding the national average of $85,520. This elevated compensation reflects the region's specific industry demands and the specialized expertise required for these critical roles within the local economic landscape.
Executive Summary
- Average Salary: $94,470 per year.
- Growth Trend: Salaries have shifted 8.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,050.
- Outlook: The Minneapolis-St. Paul-Bloomington area supports a robust workforce of 5,050 Compliance Officers, with a location quotient of 1.01 indicating a concentration very close to the national average. This suggests a stable and established demand for compliance professionals, ensuring a consistent job market for those in this field.
Salary Overview
The average Compliance Officers in Minneapolis-St. Paul-Bloomington, MN-WI earns+10.5%above the national average.
$45.4
$1,817
$7,873
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Minneapolis-St. Paul-Bloomington have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is driven by increasing regulatory complexity and the ongoing need for skilled professionals to navigate these evolving landscapes.
Compliance Officers Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Salary progression for Compliance Officers in Minneapolis-St. Paul-Bloomington typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive expertise and a proven track record can command salaries in the upper percentiles, reflecting significant career advancement and increased responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,600 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,853 | $34.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $89,930 | $43.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $118,088 | $56.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,050 | $64.9 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$94,470
Gross Pay
Real Wage (Purchasing Power)
$94,470
Adjusted for COL (100)
With an average annual salary of $94,470 and a cost of living index precisely at the national average of 100, Compliance Officers relocating to Minneapolis-St. Paul-Bloomington can expect their nominal earnings to translate directly into purchasing power. This means the local salary offers a strong financial footing without the immediate pressure of higher living expenses.
Job Market Context
5,050
Total Jobs
2.616
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Minneapolis-St. Paul-Bloomington, MN-WI has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
The location quotient of 1.01 for Compliance Officers in Minneapolis-St. Paul-Bloomington suggests a market where the concentration of these professionals is nearly identical to the national average. This indicates a balanced job market, neither overly saturated nor exceptionally scarce, offering competitive opportunities for qualified candidates.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Compliance Officers Salary | $78,840↓ 17% | 58 mi |
| Southeast Minnesota nonmetropolitan area Compliance Officers Salary | $76,580↓ 19% | 58 mi |
| Southwest Minnesota nonmetropolitan area Compliance Officers Salary | $71,240↓ 25% | 58 mi |
| Northeast Minnesota nonmetropolitan area Compliance Officers Salary | $88,750↓ 6% | 58 mi |
| St. Cloud, MN Compliance Officers Salary | $75,450↓ 20% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Compliance Officers in Minneapolis-St. Paul-Bloomington, MN-WI is $94,470. This typically ranges from $57,600 for entry-level positions to $135,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 10.5% higher than the national median of $85,520.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Compliance Officers?
Yes, it is a lucrative place for Compliance Officers.The average salary of $94,470 is notably higher than the national average, and the cost of living is on par with the national average, allowing for strong purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Compliance Officers?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($78,840) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
Compliance Officers in Minneapolis-St. Paul-Bloomington earn an average of $94,470 annually, which is $8,950 more than the national average of $85,520.
What is the concentration of Compliance Officers in this region?
The region has a location quotient of 1.01, meaning the concentration of Compliance Officers is very close to the national average, indicating a stable job market.
How does the cost of living affect the salary in Minneapolis-St. Paul-Bloomington?
The cost of living in Minneapolis-St. Paul-Bloomington is exactly at the national average (100), so the higher-than-average salary translates directly into strong real earnings.
What is the total number of Compliance Officers in the Minneapolis-St. Paul-Bloomington area?
There are approximately 5,050 Compliance Officers employed in the Minneapolis-St. Paul-Bloomington metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,050 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 2.616 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 Minneapolis-St. Paul-Bloomington, MN-WI