Average Compliance Officers Salary in New York-Newark-Jersey City, NY-NJ
Compliance Officers in the New York-Newark-Jersey City, NY-NJ metropolitan area earn a compelling average annual salary of $98,560. This figure significantly surpasses the national average of $85,520, indicating a premium for these professionals in this dynamic economic hub. The robust financial and regulatory landscape of the region directly influences this elevated compensation.
Executive Summary
- Average Salary: $98,560 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,710.
- Outlook: With a substantial local workforce of 22,410 Compliance Officers and a Location Quotient of 0.93, the job market in New York-Newark-Jersey City demonstrates a healthy demand for these roles. While the concentration is slightly below the national average, the sheer volume of professionals suggests a mature and active market, offering numerous opportunities for skilled individuals.
Salary Overview
The average Compliance Officers in New York-Newark-Jersey City, NY-NJ earns+15.2%above the national average.
$47.4
$1,895
$8,213
Compliance Officers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Compliance Officers in a major metropolitan area like New York-Newark-Jersey City have experienced steady growth over the past four years. Factors such as increasing regulatory complexity, evolving industry standards, and a consistent demand for compliance expertise typically drive upward salary trends in such dynamic markets.
Compliance Officers Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Compliance Officers is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command significantly higher salaries. The percentile gaps in compensation clearly signify the career advancement and increased earning potential available as one moves from junior to senior compliance roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,570 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,920 | $35.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,320 | $44.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,200 | $59.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,710 | $66.2 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$98,560
Gross Pay
Real Wage (Purchasing Power)
$98,560
Adjusted for COL (100)
The average annual salary of $98,560 in New York-Newark-Jersey City aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is higher than the national average, the purchasing power of that salary is comparable to the rest of the United States, offering a balanced financial environment for residents.
Job Market Context
22,410
Total Jobs
2.394
Per 1K Jobs
0.93
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.93x 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 0.93 suggests that Compliance Officer roles are slightly less concentrated in the New York-Newark-Jersey City area compared to the national average. However, this does not necessarily indicate a lack of opportunity. Instead, it points to a market that is well-established and potentially competitive, where the demand for qualified professionals remains consistent within the broader economic context.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Compliance Officers Salary | $88,260↓ 10% | 44 mi |
| Trenton-Princeton, NJ Compliance Officers Salary | $87,400↓ 11% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Compliance Officers Salary | $100,620↑ 2% | 54 mi |
| New Haven, CT Compliance Officers Salary | $99,200↑ 1% | 70 mi |
| Waterbury-Shelton, CT Compliance Officers Salary | $82,590↓ 16% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Compliance Officers in New York-Newark-Jersey City, NY-NJ is $98,560. This typically ranges from $57,570 for entry-level positions to $137,710 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 15.2% higher than the national median of $85,520.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Compliance Officers?
Yes, it is a lucrative place for Compliance Officers.Compliance Officers in this region earn a notable $13,000 more than the national average. Coupled with a cost of living that matches the national average, this makes the area financially attractive for the profession.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Compliance Officers?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($88,260) and Trenton-Princeton, NJ.
What is the average salary for a Compliance Officer in New York-Newark-Jersey City, NY-NJ?
The average annual salary for a Compliance Officer in the New York-Newark-Jersey City, NY-NJ metropolitan area is $98,560.
How does the New York-Newark-Jersey City salary compare to the national average?
The average salary of $98,560 in New York-Newark-Jersey City is significantly higher than the national average of $85,520 for Compliance Officers.
What is the concentration of Compliance Officers in this region?
The concentration, measured by the Location Quotient, is 0.93, indicating that the presence of Compliance Officers is slightly below the national average.
How does the cost of living affect the salary in New York-Newark-Jersey City?
The cost of living in New York-Newark-Jersey City is at the national average (100), meaning the higher nominal salary of $98,560 offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 22,410 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 2.394 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 York-Newark-Jersey City, NY-NJ