Average Compliance Officers Salary in Mississippi
Compliance Officers in Mississippi earn an average annual salary of $69,630, which is notably below the national average of $85,520. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for specialized compliance expertise within the state's specific business landscape.
Executive Summary
- Average Salary: $69,630 per year.
- Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,240.
- Outlook: With a local workforce of 1,840 Compliance Officers, Mississippi presents a moderate employment base for this profession. The Location Quotient of 0.61 suggests that while the profession is present, it is less concentrated than the national average, indicating potential for growth and opportunity for skilled professionals entering the market.
Salary Overview
The average Compliance Officers in Mississippi earns-18.6%below the national average.
$33.5
$1,339
$5,803
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Mississippi's Compliance Officer salaries is not provided, it is generally assumed that, mirroring national trends, salaries in this field have experienced steady growth over the past four years. This growth is driven by increasing regulatory complexity and the continuous need for robust compliance functions across industries.
Compliance Officers Salary Distribution in Mississippi
Salary progression for Compliance Officers in Mississippi typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command significantly higher salaries, often reaching into the upper percentiles, reflecting their increased value and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,430 | $17.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,223 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,150 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,038 | $41.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,240 | $51.6 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$69,630
Gross Pay
Real Wage (Purchasing Power)
$80,311
Adjusted for COL (86.7)
The average salary of $69,630 in Mississippi is significantly enhanced by the state's lower Cost of Living Index of 86.7. This means that despite earning less in nominal terms than the national average, the purchasing power of a Compliance Officer's salary in Mississippi is likely to be more substantial, allowing for a higher standard of living.
Job Market Context
1,840
Total Jobs
1.585
Per 1K Jobs
0.61
Location Quotient
Mississippi has 0.61x 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 0.61 indicates that Compliance Officers are less concentrated in Mississippi compared to the national average. This suggests that the job market, while established, may offer more opportunities for individuals seeking to enter or advance in the field, as the supply of professionals is relatively lower than demand.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Compliance Officers Salary | $70,960↑ 2% | 43 mi |
Comparing salaries near Mississippi
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Frequently Asked Questions
How much does a Compliance Officers make in Mississippi?
The median annual salary for a Compliance Officers in Mississippi is $69,630. This typically ranges from $36,430 for entry-level positions to $107,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mississippi is 18.6% lower than the national median of $85,520.
Is Mississippi a lucrative place for Compliance Officers?
No, not in terms of nominal salary.While the average salary of $69,630 is below the national average, the significantly lower cost of living in Mississippi can make the effective purchasing power of this salary more competitive.
Is Mississippi a good place to live for Compliance Officers?
With a Cost of Living Index of 86.7 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Mississippi?
Some top paying nearby cities include Jackson, MS ($70,960) and others.
What is the average salary for a Compliance Officer in Mississippi?
The average annual salary for a Compliance Officer in Mississippi is $69,630.
How does Mississippi's salary compare to the national average?
Compliance Officers in Mississippi earn approximately $15,890 less per year on average compared to the national average salary of $85,520.
What is the Cost of Living Index in Mississippi?
Mississippi has a Cost of Living Index of 86.7, which is 13.3% lower than the national average of 100.
How many Compliance Officers are there in Mississippi?
There are approximately 1,840 Compliance Officers working in Mississippi.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,840 employees in the Mississippi area with a job density of 1.585 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 Mississippi