Average Compliance Officers Salary in Northeast Alabama nonmetropolitan area
Compliance Officers in the Northeast Alabama nonmetropolitan area earn an average annual salary of $65,750. This figure is notably below the national average of $85,520, reflecting regional economic factors and a smaller market demand. The specific economic landscape and industry concentration within this nonmetropolitan region directly influence compensation levels for these crucial roles.
Executive Summary
- Average Salary: $65,750 per year.
- Growth Trend: Salaries have shifted 8.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,720.
- Outlook: The job market for Compliance Officers in Northeast Alabama appears relatively stable, albeit with a smaller footprint. A total local workforce of 210 indicates a niche presence, and a Location Quotient of 0.53 suggests that this area has less than half the concentration of Compliance Officers compared to the national average. While this doesn't necessarily signal a booming demand, it points to a consistent, albeit specialized, need for these professionals within the local economy.
Salary Overview
The average Compliance Officers in Northeast Alabama nonmetropolitan area earns-23.1%below the national average.
$31.6
$1,264
$5,479
Compliance Officers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Compliance Officers in Northeast Alabama have experienced gradual growth over the past four years, mirroring national trends. Economic development and increasing regulatory complexity often drive up demand and, consequently, compensation for compliance professionals, even in less densely populated regions.
Compliance Officers Salary Distribution in Northeast Alabama nonmetropolitan area
Salary progression for Compliance Officers typically correlates strongly with experience. Entry-level positions will likely fall at the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command significantly higher salaries. The percentile gaps in salary distribution within this region would signify the career trajectory available, with senior roles commanding top-tier compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,890 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,313 | $23.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,500 | $32 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $82,188 | $39.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $98,720 | $47.5 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$65,750
Gross Pay
Real Wage (Purchasing Power)
$65,750
Adjusted for COL (100)
The nominal average salary of $65,750 in Northeast Alabama aligns perfectly with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average, the purchasing power of that salary within the region is equivalent to the national standard. Therefore, the lower nominal salary is offset by the stable cost of living, making the financial aspect of living and working here comparable to the national average.
Job Market Context
210
Total Jobs
1.366
Per 1K Jobs
0.53
Location Quotient
Northeast Alabama nonmetropolitan area has 0.53x 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 0.53, Northeast Alabama's market for Compliance Officers is less concentrated than the national average. This indicates that while there is a presence of these roles, they are not as prevalent as in major metropolitan hubs. This lower concentration suggests a potentially less competitive job market for employers seeking talent, but also potentially fewer opportunities for job seekers compared to more saturated areas.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Compliance Officers Salary | $76,110↑ 16% | 44 mi |
| Birmingham, AL Compliance Officers Salary | $80,700↑ 23% | 50 mi |
| Tuscaloosa, AL Compliance Officers Salary | $72,610↑ 10% | 52 mi |
| Auburn-Opelika, AL Compliance Officers Salary | $72,010↑ 10% | 77 mi |
| Anniston-Oxford, AL Compliance Officers Salary | $67,250↑ 2% | 82 mi |
Comparing salaries near Northeast Alabama nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Northeast Alabama nonmetropolitan area?
The median annual salary for a Compliance Officers in Northeast Alabama nonmetropolitan area is $65,750. This typically ranges from $33,890 for entry-level positions to $98,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Alabama nonmetropolitan area is 23.1% lower than the national median of $85,520.
Is Northeast Alabama nonmetropolitan area a lucrative place for Compliance Officerss?
No, it is not considered a lucrative area compared to the national average.The average salary of $65,750 is significantly lower than the national average of $85,520, despite a national average cost of living.
Is Northeast Alabama nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Northeast Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($76,110) and Birmingham, AL.
How does the local workforce size affect Compliance Officer jobs?
A smaller local workforce of 210 suggests a niche market for Compliance Officers, implying fewer overall job openings compared to larger metropolitan areas.
What does a Location Quotient of 0.53 mean for Compliance Officers?
A Location Quotient of 0.53 indicates that Compliance Officers are half as concentrated in Northeast Alabama compared to the national average, suggesting less industry specialization in this field locally.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the local purchasing power of the $65,750 salary is equivalent to the national average, meaning the lower nominal salary is balanced by lower expenses.
Are there many Compliance Officer jobs per 1,000 workers in this area?
With 1.366 jobs per 1,000 workers, the density of Compliance Officer roles is moderate, indicating a steady but not abundant presence within the local labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Northeast Alabama nonmetropolitan area area with a job density of 1.366 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 Northeast Alabama nonmetropolitan area