Average Compliance Officers Salary in New York
Compliance Officers in New York can expect an average annual salary of $92,310, surpassing the national average of $85,520. This elevated compensation is largely driven by New York's dynamic economic landscape and the specialized regulatory environment that necessitates a highly skilled compliance workforce. The demand for meticulous professionals in this sector directly influences the higher pay scales observed within the state.
Executive Summary
- Average Salary: $92,310 per year.
- Growth Trend: Salaries have shifted 12.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,800.
- Outlook: New York boasts a substantial workforce of 23,690 Compliance Officers, indicating a significant presence in the sector. While the Location Quotient of 0.96 suggests a concentration slightly below the national average, the sheer volume of jobs per 1,000 workers (2.483) points to a robust and active job market. This indicates consistent demand for compliance expertise within the state's diverse industries.
Salary Overview
The average Compliance Officers in New York earns+7.9%above the national average.
$44.4
$1,775
$7,693
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 York have experienced steady growth over the past four years. This trend is typically driven by increasing regulatory complexity, evolving compliance standards, and a persistent need for skilled professionals to navigate these challenges, leading to upward pressure on compensation.
Compliance Officers Salary Distribution in New York
Salary progression for Compliance Officers in New York is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive expertise and specialized certifications can command significantly higher salaries, often reaching into the top percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on experience and specialized knowledge in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,190 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,233 | $33.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,880 | $41.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $115,388 | $55.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,800 | $64.3 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$92,310
Gross Pay
Real Wage (Purchasing Power)
$73,789
Adjusted for COL (125.1)
While the nominal salary of $92,310 appears attractive, New York's Cost of Living Index of 125.1 means that this income will not stretch as far as it would in a more affordable state. Effectively, the purchasing power of a Compliance Officer's salary in New York is reduced by approximately 25% compared to the national average, a crucial factor for those considering relocation.
Job Market Context
23,690
Total Jobs
2.483
Per 1K Jobs
0.96
Location Quotient
New York has 0.96x 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.
With a Location Quotient of 0.96, the market for Compliance Officers in New York is nearly on par with the national average in terms of concentration. This indicates a healthy and competitive job market where demand is closely aligned with the national distribution of these roles. While not exceptionally concentrated, the steady presence of these jobs suggests ample opportunities for qualified professionals.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Compliance Officers Salary | $84,090↓ 9% | 49 mi |
| Kingston, NY Compliance Officers Salary | $87,390↓ 5% | 51 mi |
| Scranton--Wilkes-Barre, PA Compliance Officers Salary | $66,500↓ 28% | 64 mi |
| Utica-Rome, NY Compliance Officers Salary | $75,090↓ 19% | 66 mi |
| Albany-Schenectady-Troy, NY Compliance Officers Salary | $83,110↓ 10% | 68 mi |
Comparing salaries near New York
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in New York?
The median annual salary for a Compliance Officers in New York is $92,310. This typically ranges from $51,190 for entry-level positions to $133,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 7.9% higher than the national median of $85,520.
Is New York a lucrative place for Compliance Officers?
Yes, with caveats.Compliance Officers in New York earn an average of $92,310, significantly above the national average. However, the high cost of living in the state means that the real value of this salary is somewhat diminished.
Is New York a good place to live for Compliance Officers?
The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York?
Some top paying nearby cities include Binghamton, NY ($84,090) and Kingston, NY.
How does New York's average Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in New York is $92,310, which is $6,790 higher than the national average of $85,520.
What is the job market like for Compliance Officers in New York?
New York has a substantial workforce of 23,690 Compliance Officers and a job density of 2.483 per 1,000 workers, indicating a robust and active market.
Does the cost of living in New York affect the value of a Compliance Officer's salary?
Yes, New York's Cost of Living Index is 125.1, meaning that the $92,310 salary has less purchasing power than the national average due to higher expenses.
How concentrated is the Compliance Officer job market in New York compared to the rest of the country?
New York's Location Quotient of 0.96 indicates that the concentration of Compliance Officers is very close to the national average, suggesting a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 23,690 employees in the New York area with a job density of 2.483 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Compliance Officers Salaries by State
Top Jobs in New York
- All Occupations Salary in New York
- Office and Administrative Support Occupations Salary in New York
- Healthcare Support Occupations Salary in New York
- Sales and Related Occupations Salary in New York
- Food Preparation and Serving Related Occupations Salary in New York
- Business and Financial Operations Occupations Salary in New York
- Educational Instruction and Library Occupations Salary in New York
- Management Occupations Salary in New York
- Home Health and Personal Care Aides Salary in New York
- Transportation and Material Moving Occupations Salary in New York
- Browse All Jobs in New York →
Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in New York