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Average Compliance Officers Salary in Nashville-Davidson--Murfreesboro--Franklin, TN

Compliance Officers in the Nashville-Davidson--Murfreesboro--Franklin, TN area earn an average annual salary of $70,640. This figure is notably below the national average of $85,520, suggesting that local market dynamics and potentially a different industry focus influence compensation in this region. While the pay is lower than the national benchmark, understanding the local economic landscape is crucial for evaluating this salary.

Executive Summary

  • Average Salary: $70,640 per year.
  • Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $110,140.
  • Outlook: The local job market for Compliance Officers in Nashville-Davidson--Murfreesboro--Franklin, TN appears moderately robust, with a total workforce of 3,210 individuals in this role. The Location Quotient of 1.13 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a steady, albeit not overwhelmingly high, demand for their expertise within the region.
2024 Market Data

Salary Overview

$70,640

The average Compliance Officers in Nashville-Davidson--Murfreesboro--Franklin, TN earns-17.4%below the national average.

BreakdownBased on 40h/week
Hourly

$34

Weekly

$1,358

Monthly

$5,887

Compliance Officers Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN

Experience plays a significant role in the earning potential of Compliance Officers. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive knowledge of regulatory frameworks and risk management can command substantially higher salaries. The percentile gaps in pay clearly signify career progression opportunities, rewarding increased responsibility and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$40,340$19.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$52,980$25.5
ManagerOversees team, compliance, and project delivery.50% (Median)$63,900$30.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$88,300$42.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$110,140$53

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$70,640

Gross Pay

Real Wage (Purchasing Power)

$70,640

Adjusted for COL (100)

The average annual salary of $70,640 for Compliance Officers in Nashville-Davidson--Murfreesboro--Franklin, TN aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is lower than the national average, the purchasing power of that salary within Nashville is equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.

Job Market Context

3,210

Total Jobs

2.924

Per 1K Jobs

1.13

Location Quotient

Above Average

With a location quotient of 1.13, Nashville-Davidson--Murfreesboro--Franklin, TN has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.

With a Location Quotient of 1.13, the Nashville-Davidson--Murfreesboro--Franklin, TN area exhibits a slightly higher concentration of Compliance Officers than the national average. This suggests a healthy, competitive market where employers are actively seeking these professionals, but perhaps not to the extent seen in major financial hubs. The market is neither oversaturated nor exceptionally scarce, indicating a balanced demand-supply dynamic.

Nearby Job Markets

Nearby Cities for Compliance Officers

CitySalaryDist.
East Tennessee nonmetropolitan area Compliance Officers Salary$62,430↓ 12%29 mi
South Central Tennessee nonmetropolitan area Compliance Officers Salary$67,090↓ 5%29 mi
West Tennessee nonmetropolitan area Compliance Officers Salary$62,230↓ 12%29 mi
North Central Tennessee nonmetropolitan area Compliance Officers Salary$55,630↓ 21%29 mi
Clarksville, TN-KY Compliance Officers Salary$60,790↓ 14%42 mi

Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in Nashville-Davidson--Murfreesboro--Franklin, TN?

The median annual salary for a Compliance Officers in Nashville-Davidson--Murfreesboro--Franklin, TN is $70,640. This typically ranges from $40,340 for entry-level positions to $110,140 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 17.4% lower than the national median of $85,520.

Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Compliance Officers?

No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $70,640 is significantly lower than the national average of $85,520. The market shows a slightly higher concentration of these roles, indicating steady demand but not premium compensation.

Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Compliance Officers?

The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?

Some top paying nearby cities include East Tennessee nonmetropolitan area ($62,430) and South Central Tennessee nonmetropolitan area.

How does Nashville's cost of living compare to the national average?

Nashville-Davidson--Murfreesboro--Franklin, TN 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.

What is the concentration of Compliance Officers in Nashville?

The Location Quotient for Compliance Officers in Nashville is 1.13, indicating that the area has about 13% more of these professionals than the national average, suggesting a slightly higher demand or presence in the local job market.

How many Compliance Officers work in the Nashville area?

There are approximately 3,210 Compliance Officers employed within the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan area.

Does experience impact a Compliance Officer's salary in Nashville?

Yes, like most professions, experience significantly impacts a Compliance Officer's salary in Nashville. Senior roles with greater responsibility and expertise will command higher pay than entry-level positions.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,210 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 2.924 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Nashville-Davidson--Murfreesboro--Franklin, TN

Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Nashville-Davidson--Murfreesboro--Franklin, TN