Average Compliance Officers Salary in New Jersey
Compliance Officers in New Jersey command an impressive average annual salary of $96,970, significantly exceeding the national average of $85,520. This elevated compensation is largely driven by New Jersey's robust financial sector and stringent regulatory environment, which necessitate a higher caliber of compliance expertise and thus command higher pay.
Executive Summary
- Average Salary: $96,970 per year.
- Growth Trend: Salaries have shifted 8.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,680.
- Outlook: With a substantial local workforce of 12,000 Compliance Officers and a Location Quotient of 1.09, New Jersey demonstrates a healthy and slightly above-average concentration of these professionals. This indicates a stable demand for compliance expertise within the state, suggesting a robust job market for skilled individuals in this field.
Salary Overview
The average Compliance Officers in New Jersey earns+13.4%above the national average.
$46.6
$1,865
$8,081
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in New Jersey have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing regulatory complexity and a heightened focus on corporate governance likely contribute to this upward salary trajectory.
Compliance Officers Salary Distribution in New Jersey
The career path for Compliance Officers typically involves significant salary progression. Entry-level positions might start closer to the lower end of the pay scale, but with accumulated experience and specialized knowledge, professionals can advance to senior roles commanding salaries well above the average. The widening percentile gaps in salary data often signify this career progression and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,900 | $26.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,728 | $35 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,520 | $45 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $121,213 | $58.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,680 | $66.2 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$96,970
Gross Pay
Real Wage (Purchasing Power)
$86,272
Adjusted for COL (112.4)
While the average annual salary of $96,970 for Compliance Officers in New Jersey is attractive, it's crucial to consider the local Cost of Living Index of 112.4. This means that expenses in New Jersey are approximately 12.4% higher than the national average. Therefore, while the nominal salary is higher, the real purchasing power needs careful evaluation against these elevated living costs.
Job Market Context
12,000
Total Jobs
2.823
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, New Jersey has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
New Jersey's Location Quotient of 1.09 for Compliance Officers suggests a market where these roles are slightly more concentrated than the national average. This indicates a competitive yet accessible job market, implying that while demand is present and slightly elevated, there is also a good pool of talent available, making it a dynamic environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Compliance Officers Salary | $87,400↓ 10% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Compliance Officers Salary | $98,560↑ 2% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Compliance Officers Salary | $89,270↓ 8% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Compliance Officers Salary | $78,170↓ 19% | 54 mi |
| Vineland, NJ Compliance Officers Salary | $69,860↓ 28% | 63 mi |
Comparing salaries near New Jersey
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in New Jersey?
The median annual salary for a Compliance Officers in New Jersey is $96,970. This typically ranges from $54,900 for entry-level positions to $137,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 13.4% higher than the national median of $85,520.
Is New Jersey a lucrative place for Compliance Officers?
Yes, New Jersey is a lucrative state for Compliance Officers.Compliance Officers in New Jersey earn an average of $96,970 annually, which is notably higher than the national average. This higher pay is justified by the state's elevated cost of living and its strong regulatory landscape.
Is New Jersey a good place to live for Compliance Officers?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($87,400) and New York-Newark-Jersey City, NY-NJ.
How does the New Jersey salary compare to the national average?
Compliance Officers in New Jersey earn an average of $96,970, which is $11,450 more than the national average of $85,520.
What is the job market like for Compliance Officers in New Jersey?
New Jersey has a slightly higher concentration of Compliance Officers than the national average, with a Location Quotient of 1.09, indicating a robust and stable job market.
How does the cost of living affect the Compliance Officer salary in New Jersey?
With a Cost of Living Index of 112.4, New Jersey is more expensive than the national average. While the salary is higher, the increased cost of living should be factored into the overall financial picture.
What is the total number of Compliance Officers in New Jersey?
There are approximately 12,000 Compliance Officers employed in New Jersey, reflecting a significant presence in the state's workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,000 employees in the New Jersey area with a job density of 2.823 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 New Jersey