Average Compliance Officers Salary in Olympia-Lacey-Tumwater, WA
Compliance Officers in the Olympia-Lacey-Tumwater, WA area earn an impressive average annual salary of $87,720. This figure notably surpasses the national average of $85,520, indicating a strong local demand for these critical roles. The specialized nature of compliance work and the specific regulatory environment within Washington State likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $87,720 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,450.
- Outlook: With a local workforce of 970 Compliance Officers, the Olympia-Lacey-Tumwater area demonstrates a significant concentration of these professionals. The Location Quotient of 2.96 suggests that this region has a substantially higher proportion of Compliance Officers compared to the national average, signaling robust demand and a thriving job market for this profession.
Salary Overview
The average Compliance Officers in Olympia-Lacey-Tumwater, WA earns+2.6%above the national average.
$42.2
$1,687
$7,310
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Olympia-Lacey-Tumwater have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving regulatory landscapes, increased complexity in business operations, and a persistent need for skilled compliance professionals typically drive upward salary adjustments.
Compliance Officers Salary Distribution in Olympia-Lacey-Tumwater, WA
Career progression for Compliance Officers in Olympia-Lacey-Tumwater typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized expertise and a proven track record can command salaries well above the average. The percentile gaps in salary data clearly signify the substantial career growth and earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,050 | $29.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,790 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,050 | $39.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,650 | $52.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,450 | $65.1 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$87,720
Gross Pay
Real Wage (Purchasing Power)
$87,720
Adjusted for COL (100)
The average annual salary of $87,720 for Compliance Officers in Olympia-Lacey-Tumwater aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Compliance Officer's salary in this area is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
970
Total Jobs
7.626
Per 1K Jobs
2.96
Location Quotient
Olympia-Lacey-Tumwater, WA has 3.0x the national concentration of Compliance Officers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.96 for Compliance Officers in Olympia-Lacey-Tumwater is a strong indicator of a highly concentrated job market. This suggests that the demand for Compliance Officers in this region significantly outpaces the national average, making it a competitive but potentially rewarding environment for both employers seeking talent and professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Bremerton-Silverdale-Port Orchard, WA Compliance Officers Salary | $78,270↓ 11% | 36 mi |
| Seattle-Tacoma-Bellevue, WA Compliance Officers Salary | $98,690↑ 13% | 47 mi |
| Longview-Kelso, WA Compliance Officers Salary | $78,890↓ 10% | 62 mi |
| Western Washington nonmetropolitan area Compliance Officers Salary | $85,250↓ 3% | 70 mi |
| Eastern Washington nonmetropolitan area Compliance Officers Salary | $84,450↓ 4% | 70 mi |
Comparing salaries near Olympia-Lacey-Tumwater, WA
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Frequently Asked Questions
How much does a Compliance Officers make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Compliance Officers in Olympia-Lacey-Tumwater, WA is $87,720. This typically ranges from $61,050 for entry-level positions to $135,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 2.6% higher than the national median of $85,520.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Compliance Officers?
Yes, it is a lucrative place for Compliance Officers.Compliance Officers in Olympia-Lacey-Tumwater earn above the national average salary, and the cost of living is on par with the national average, indicating strong earning potential.
Is Olympia-Lacey-Tumwater, WA a good place to live for Compliance Officers?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($78,270) and Seattle-Tacoma-Bellevue, WA.
How does the Olympia-Lacey-Tumwater Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Olympia-Lacey-Tumwater, WA is $87,720, which is higher than the national average of $85,520.
What is the concentration of Compliance Officers in Olympia-Lacey-Tumwater, WA?
The concentration, measured by the Location Quotient, is 2.96, meaning there are nearly three times as many Compliance Officers per worker in this area compared to the national average.
How does the cost of living in Olympia-Lacey-Tumwater, WA affect the salary?
The cost of living in Olympia-Lacey-Tumwater is exactly at the national average (100). Therefore, the higher nominal salary of $87,720 translates directly to equivalent purchasing power compared to the national average.
What does the total local workforce number indicate for Compliance Officers?
A local workforce of 970 Compliance Officers suggests a substantial and established presence of this profession within the Olympia-Lacey-Tumwater area, contributing to the high concentration and demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 970 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 7.626 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 Olympia-Lacey-Tumwater, WA