Average Compliance Officers Salary in Palm Bay-Melbourne-Titusville, FL
Compliance Officers in the Palm Bay-Melbourne-Titusville, FL area earn an impressive average annual salary of $91,140. This figure notably surpasses the national average of $85,520, indicating a localized premium for these essential roles. Factors such as regional industry demands and the specific regulatory landscape within Florida likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $91,140 per year.
- Growth Trend: Salaries have shifted 20.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,320.
- Outlook: With a local workforce of approximately 600 Compliance Officers and a Location Quotient of 0.97, the job market in Palm Bay-Melbourne-Titusville, FL, demonstrates a healthy and stable demand for these professionals. While the concentration is just slightly below the national average, the consistent presence of these roles suggests a robust and ongoing need within the region's economic framework.
Salary Overview
The average Compliance Officers in Palm Bay-Melbourne-Titusville, FL earns+6.6%above the national average.
$43.8
$1,753
$7,595
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Palm Bay-Melbourne-Titusville, FL, have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing regulatory complexity, evolving industry standards, and a sustained demand for skilled professionals to ensure adherence.
Compliance Officers Salary Distribution in Palm Bay-Melbourne-Titusville, FL
The career trajectory for Compliance Officers in Palm Bay-Melbourne-Titusville, FL, typically shows a significant salary increase with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized knowledge and a proven track record can command salaries in the upper percentiles. These percentile gaps clearly signify the value placed on accumulated expertise and career progression within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,040 | $21.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,355 | $32.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,610 | $39.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,925 | $54.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,320 | $65.1 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$91,140
Gross Pay
Real Wage (Purchasing Power)
$91,140
Adjusted for COL (100)
The average annual salary of $91,140 for Compliance Officers in Palm Bay-Melbourne-Titusville, FL, aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary offers a purchasing power equivalent to the national average, suggesting that the compensation is well-balanced with the local economic conditions and cost of goods and services.
Job Market Context
600
Total Jobs
2.49
Per 1K Jobs
0.97
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 0.97x 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.
The Location Quotient of 0.97 for Compliance Officers in Palm Bay-Melbourne-Titusville, FL, indicates that the concentration of these jobs is very close to the national average. This suggests a competitive yet accessible job market, where opportunities are readily available without being overly saturated, providing a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Sebastian-Vero Beach-West Vero Corridor, FL Compliance Officers Salary | $75,980↓ 17% | 17 mi |
| Port St. Lucie, FL Compliance Officers Salary | $71,230↓ 22% | 50 mi |
| Sebring, FL Compliance Officers Salary | $62,910↓ 31% | 59 mi |
| Orlando-Kissimmee-Sanford, FL Compliance Officers Salary | $78,850↓ 13% | 59 mi |
| North Florida nonmetropolitan area Compliance Officers Salary | $60,570↓ 34% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Compliance Officers in Palm Bay-Melbourne-Titusville, FL is $91,140. This typically ranges from $45,040 for entry-level positions to $135,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 6.6% higher than the national median of $85,520.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Compliance Officers?
Yes, it is a lucrative place for Compliance Officers.Compliance Officers in this region earn above the national average salary, and the cost of living is on par with the national average, indicating strong purchasing power.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Compliance Officers?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($75,980) and Port St. Lucie, FL.
How does the local salary compare to the national average?
The average annual salary for Compliance Officers in Palm Bay-Melbourne-Titusville, FL, is $91,140, which is higher than the national average of $85,520.
What is the job market like for Compliance Officers in this area?
The job market is stable, with a concentration of Compliance Officers very close to the national average, suggesting consistent demand and a balanced number of opportunities.
Does the cost of living affect the value of the salary?
No, the cost of living in Palm Bay-Melbourne-Titusville, FL, is exactly at the national average (100), meaning the $91,140 salary offers national-average purchasing power.
How many Compliance Officers work in Palm Bay-Melbourne-Titusville, FL?
There are approximately 600 Compliance Officers employed within the Palm Bay-Melbourne-Titusville, FL metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 600 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 2.49 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 Palm Bay-Melbourne-Titusville, FL