Average Compliance Officers Salary in Montgomery, AL
Compliance Officers in Montgomery, AL earn an average annual salary of $76,110. This figure is notably below the national average of $85,520, suggesting that local market dynamics and potentially regional demand influence compensation levels. Factors such as the specific industry concentration and the overall economic landscape of Montgomery likely contribute to this pay differential.
Executive Summary
- Average Salary: $76,110 per year.
- Growth Trend: Salaries have shifted 17.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,080.
- Outlook: The job market for Compliance Officers in Montgomery, AL, while not as concentrated as the national average (Location Quotient of 0.67), supports a local workforce of 280 professionals. With 1.733 jobs per 1,000 workers, the demand indicates a stable, albeit not rapidly expanding, need for these roles within the region. The existing workforce size suggests a mature market where opportunities are present but may require specific qualifications to secure.
Salary Overview
The average Compliance Officers in Montgomery, AL earns-11.0%below the national average.
$36.6
$1,464
$6,343
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Montgomery is not provided, it is reasonable to assume that salaries for Compliance Officers nationwide have experienced a steady upward trend over the past four years, driven by increasing regulatory complexity and the growing importance of compliance functions across industries. This national trend likely influences local compensation, even if Montgomery's specific growth rate may differ due to local economic conditions.
Compliance Officers Salary Distribution in Montgomery, AL
Career progression for Compliance Officers typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command salaries well above the average. The percentile gaps in salary distribution highlight these opportunities for advancement, rewarding expertise and leadership within the compliance field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,650 | $21.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,083 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,950 | $35.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,138 | $45.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $111,080 | $53.4 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$76,110
Gross Pay
Real Wage (Purchasing Power)
$76,110
Adjusted for COL (100)
Montgomery, AL, presents a unique financial scenario for Compliance Officers, with an average salary of $76,110 aligning perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the Montgomery salary is equivalent to the national average, offering stability for those relocating or residing locally. Your earnings will effectively stretch as far as they would in a typical U.S. city.
Job Market Context
280
Total Jobs
1.733
Per 1K Jobs
0.67
Location Quotient
Montgomery, AL has 0.67x 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 0.67 indicates that Compliance Officer roles are less concentrated in Montgomery, AL, compared to the national average. This suggests that while the profession is established, it is not a dominant industry sector within the city. Consequently, the job market may be less competitive in terms of sheer volume of applicants for each opening, but specialized skills could still be in high demand.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Northeast Alabama nonmetropolitan area Compliance Officers Salary | $65,750↓ 14% | 44 mi |
| Southeast Alabama nonmetropolitan area Compliance Officers Salary | $62,900↓ 17% | 44 mi |
| Northwest Alabama nonmetropolitan area Compliance Officers Salary | $63,190↓ 17% | 44 mi |
| Southwest Alabama nonmetropolitan area Compliance Officers Salary | $56,910↓ 25% | 44 mi |
| Auburn-Opelika, AL Compliance Officers Salary | $72,010↓ 5% | 49 mi |
Comparing salaries near Montgomery, AL
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Montgomery, AL?
The median annual salary for a Compliance Officers in Montgomery, AL is $76,110. This typically ranges from $45,650 for entry-level positions to $111,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montgomery, AL is 11.0% lower than the national median of $85,520.
Is Montgomery, AL a lucrative place for Compliance Officers?
No, not compared to the national average.Compliance Officers in Montgomery, AL, earn approximately 11% less than the national average. However, the local cost of living is on par with the national average, meaning your purchasing power is maintained despite the lower nominal salary.
Is Montgomery, AL a good place to live for Compliance Officers?
The Cost of Living Index in Montgomery, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montgomery, AL?
Some top paying nearby cities include Northeast Alabama nonmetropolitan area ($65,750) and Southeast Alabama nonmetropolitan area.
What is the average salary for a Compliance Officer in Montgomery, AL?
The average annual salary for a Compliance Officer in Montgomery, AL is $76,110.
How does Montgomery's cost of living compare to the national average?
Montgomery, AL has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the United States.
Is the job market for Compliance Officers strong in Montgomery, AL?
The job market is stable with 1.733 jobs per 1,000 workers, but the lower Location Quotient of 0.67 suggests it's less concentrated than the national average, indicating moderate demand.
How much more can experienced Compliance Officers earn in Montgomery, AL?
While specific figures vary, experienced Compliance Officers typically earn significantly more than the average, with senior roles often commanding salaries well above the $76,110 average, reflecting increased responsibility and expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Montgomery, AL area with a job density of 1.733 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 Montgomery, AL