Average Compliance Officers Salary in Providence-Warwick, RI-MA
Compliance Officers in the Providence-Warwick, RI-MA area earn an average annual salary of $86,060. This figure slightly surpasses the national average of $85,520, indicating a competitive compensation landscape. Local economic factors and industry demand within the region likely contribute to this slightly elevated pay scale for compliance professionals.
Executive Summary
- Average Salary: $86,060 per year.
- Growth Trend: Salaries have shifted 7.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,820.
- Outlook: With a local workforce of 1,290 Compliance Officers and a Location Quotient of 0.71, the Providence-Warwick area shows a slightly below-average concentration of these professionals compared to the national standard. While not a major hub, the presence of nearly 1,300 individuals suggests a stable, albeit not rapidly expanding, job market with consistent demand for compliance expertise.
Salary Overview
The average Compliance Officers in Providence-Warwick, RI-MA earns+0.6%above the national average.
$41.4
$1,655
$7,172
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Providence-Warwick have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving regulatory landscapes, increased complexity in financial and corporate governance, and a general rise in the cost of living would typically drive an upward trajectory in compensation for these critical roles.
Compliance Officers Salary Distribution in Providence-Warwick, RI-MA
The career path for Compliance Officers typically involves significant salary progression based on experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized knowledge and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on expertise and responsibility within the compliance field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,740 | $25.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,545 | $31 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,760 | $38.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,575 | $51.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,820 | $61 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$86,060
Gross Pay
Real Wage (Purchasing Power)
$86,060
Adjusted for COL (100)
The average annual salary of $86,060 in Providence-Warwick aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Compliance Officer's salary in this region is equivalent to the national average, offering no significant advantage or disadvantage in terms of affordability compared to the rest of the country.
Job Market Context
1,290
Total Jobs
1.827
Per 1K Jobs
0.71
Location Quotient
Providence-Warwick, RI-MA has 0.71x 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 0.71 suggests that Compliance Officers are less concentrated in the Providence-Warwick area than the national average. This indicates that while the job market is present and supports a workforce of 1,290, it may not be as saturated as in other regions, potentially offering a more balanced environment for job seekers seeking opportunities without intense competition.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Compliance Officers Salary | $88,960↑ 3% | 29 mi |
| Worcester, MA Compliance Officers Salary | $87,830↑ 2% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Compliance Officers Salary | $98,760↑ 15% | 38 mi |
| Norwich-New London-Willimantic, CT Compliance Officers Salary | $89,640↑ 4% | 39 mi |
| Barnstable Town, MA Compliance Officers Salary | $81,340↓ 5% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Providence-Warwick, RI-MA?
The median annual salary for a Compliance Officers in Providence-Warwick, RI-MA is $86,060. This typically ranges from $53,740 for entry-level positions to $126,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 0.6% higher than the national median of $85,520.
Is Providence-Warwick, RI-MA a lucrative place for Compliance Officers?
Yes, moderately so.The average salary of $86,060 slightly exceeds the national average, and the cost of living is on par, offering good purchasing power. While the concentration of roles is slightly below average, it suggests a stable market.
Is Providence-Warwick, RI-MA a good place to live for Compliance Officers?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($88,960) and Worcester, MA.
How does the Providence-Warwick salary compare to the national average?
Compliance Officers in Providence-Warwick earn an average of $86,060 annually, which is slightly higher than the national average of $85,520.
What is the job market like for Compliance Officers in Providence-Warwick?
The market is stable with a local workforce of 1,290 professionals. The Location Quotient of 0.71 indicates a slightly lower concentration than the national average, suggesting moderate competition.
Does the cost of living affect the value of a Compliance Officer's salary in Providence-Warwick?
No, the cost of living index is 100, matching the national average. Therefore, the $86,060 salary has the same purchasing power as the national average salary.
How many Compliance Officer jobs are there per 1,000 workers in Providence-Warwick?
There are approximately 1.827 Compliance Officer jobs per 1,000 workers in the Providence-Warwick area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,290 employees in the Providence-Warwick, RI-MA area with a job density of 1.827 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 Providence-Warwick, RI-MA