Average Compliance Officers Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Compliance Officers in the Philadelphia-Camden-Wilmington metropolitan area earn an impressive average annual salary of $89,270. This figure notably surpasses the national average of $85,520, indicating a localized premium for these vital roles. The concentration of industries requiring stringent regulatory oversight within this region likely contributes to the elevated compensation.
Executive Summary
- Average Salary: $89,270 per year.
- Growth Trend: Salaries have shifted 6.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,180.
- Outlook: With a local workforce of 8,690 Compliance Officers and a Location Quotient of 1.17, the Philadelphia-Camden-Wilmington area demonstrates a robust demand for these professionals. A Location Quotient above 1.0 signifies a higher concentration of these jobs compared to the national average, suggesting a healthy and potentially growing job market for Compliance Officers in this region.
Salary Overview
The average Compliance Officers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+4.4%above the national average.
$42.9
$1,717
$7,439
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Philadelphia-Camden-Wilmington have experienced steady growth over the past four years, mirroring national trends. Increased regulatory complexity and a greater emphasis on corporate governance typically drive up demand and, consequently, compensation for skilled compliance professionals.
Compliance Officers Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Career progression for Compliance Officers in Philadelphia-Camden-Wilmington is clearly reflected in salary differentials. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized knowledge can expect to earn significantly more, often reaching into the upper percentiles of the salary range. These percentile gaps highlight the substantial earning potential as one advances in their compliance career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,760 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,953 | $32.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,730 | $39.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,588 | $53.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,180 | $64 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$89,270
Gross Pay
Real Wage (Purchasing Power)
$89,270
Adjusted for COL (100)
The average annual salary of $89,270 for Compliance Officers in Philadelphia-Camden-Wilmington aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Compliance Officer's salary in this area is equivalent to the national average, suggesting that the higher nominal salary effectively offsets the cost of living, providing a stable financial standing.
Job Market Context
8,690
Total Jobs
3.031
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
The Location Quotient of 1.17 for Compliance Officers in Philadelphia-Camden-Wilmington indicates a market where these roles are 17% more concentrated than the national average. This suggests a competitive yet accessible job market, with ample opportunities for skilled professionals to find employment and potentially advance their careers within the region's established compliance sector.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Compliance Officers Salary | $87,400↓ 2% | 28 mi |
| Vineland, NJ Compliance Officers Salary | $69,860↓ 22% | 35 mi |
| Allentown-Bethlehem-Easton, PA-NJ Compliance Officers Salary | $78,170↓ 12% | 47 mi |
| Sussex Delaware nonmetropolitan area Compliance Officers Salary | $72,800↓ 18% | 47 mi |
| Reading, PA Compliance Officers Salary | $71,450↓ 20% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Compliance Officers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $89,270. This typically ranges from $49,760 for entry-level positions to $133,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 4.4% higher than the national median of $85,520.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Compliance Officers?
Yes, it is a lucrative place for Compliance Officers.Compliance Officers in this area earn above the national average salary, and the cost of living is on par with the national average, indicating strong earning potential.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Compliance Officers?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($87,400) and Vineland, NJ.
How does the average Compliance Officer salary in Philadelphia compare to the national average?
The average annual salary for Compliance Officers in Philadelphia-Camden-Wilmington is $89,270, which is higher than the national average of $85,520.
What is the concentration of Compliance Officer jobs in Philadelphia-Camden-Wilmington?
The concentration, measured by the Location Quotient, is 1.17, meaning there are 17% more Compliance Officer jobs in this area compared to the national average.
How does the cost of living in Philadelphia-Camden-Wilmington affect a Compliance Officer's salary?
The Cost of Living Index is 100, which is the national average. This means the $89,270 salary has the same purchasing power as the national average salary, indicating a balanced financial environment.
What is the total number of Compliance Officers in the Philadelphia-Camden-Wilmington area?
There are approximately 8,690 Compliance Officers employed within the Philadelphia-Camden-Wilmington 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 8,690 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 3.031 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD