Average Compliance Officers Salary in Provo-Orem-Lehi, UT
Compliance Officers in the Provo-Orem-Lehi, UT area earn an average annual salary of $65,740. This figure is notably below the national average of $85,520, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this region.
Executive Summary
- Average Salary: $65,740 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,240.
- Outlook: The Provo-Orem-Lehi, UT area supports a local workforce of 570 Compliance Officers. With a Location Quotient of 0.74, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand relative to the broader U.S. job market. This suggests a consistent need for compliance professionals without an overwhelming surplus of positions.
Salary Overview
The average Compliance Officers in Provo-Orem-Lehi, UT earns-23.1%below the national average.
$31.6
$1,264
$5,478
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Provo-Orem-Lehi, UT have experienced growth over the past four years, mirroring national trends. Factors such as evolving regulatory landscapes, increased complexity in business operations, and a general rise in the cost of living likely contribute to upward pressure on compensation.
Compliance Officers Salary Distribution in Provo-Orem-Lehi, UT
Career progression for Compliance Officers typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized knowledge and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles reflects the 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) | $39,920 | $19.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,305 | $23.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $56,490 | $27.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $82,175 | $39.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,240 | $51.6 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$65,740
Gross Pay
Real Wage (Purchasing Power)
$65,740
Adjusted for COL (100)
The average annual salary of $65,740 in Provo-Orem-Lehi, UT 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 area is equivalent to that of a Compliance Officer earning the national average in a location with average living costs.
Job Market Context
570
Total Jobs
1.911
Per 1K Jobs
0.74
Location Quotient
Provo-Orem-Lehi, UT has 0.74x 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 0.74 for Compliance Officers in Provo-Orem-Lehi, UT indicates that the region has a slightly lower concentration of these jobs compared to the national average. This suggests that while the market is established, it may be less competitive than areas with higher LQs, potentially offering opportunities for skilled professionals to find roles.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| High Desert Utah nonmetropolitan area Compliance Officers Salary | $64,950↓ 1% | 13 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Compliance Officers Salary | $72,490↑ 10% | 13 mi |
| Salt Lake City-Murray, UT Compliance Officers Salary | $77,550↑ 18% | 40 mi |
| Ogden, UT Compliance Officers Salary | $67,640↑ 3% | 70 mi |
Comparing salaries near Provo-Orem-Lehi, UT
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Provo-Orem-Lehi, UT?
The median annual salary for a Compliance Officers in Provo-Orem-Lehi, UT is $65,740. This typically ranges from $39,920 for entry-level positions to $107,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Provo-Orem-Lehi, UT is 23.1% lower than the national median of $85,520.
Is Provo-Orem-Lehi, UT a lucrative place for Compliance Officers?
No, it is not currently the most lucrative place for Compliance Officers.The average salary of $65,740 is below the national average, although the cost of living is also at the national average, meaning purchasing power is comparable.
Is Provo-Orem-Lehi, UT a good place to live for Compliance Officers?
The Cost of Living Index in Provo-Orem-Lehi, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Provo-Orem-Lehi, UT?
Some top paying nearby cities include High Desert Utah nonmetropolitan area ($64,950) and Wasatch Front Fringe Utah nonmetropolitan area.
How does the Provo-Orem-Lehi, UT salary compare to the national average?
The average salary for Compliance Officers in Provo-Orem-Lehi, UT is $65,740, which is lower than the national average of $85,520.
What is the significance of the Location Quotient (LQ) for Compliance Officers in this area?
An LQ of 0.74 means that Compliance Officer jobs are 26% less concentrated in Provo-Orem-Lehi, UT compared to the national average, suggesting a moderate presence in the local job market.
How does the cost of living affect the Compliance Officer salary in Provo-Orem-Lehi, UT?
With a Cost of Living Index of 100, the local salary of $65,740 has the same purchasing power as the national average salary in a location with average living expenses.
What is the total number of Compliance Officers in the Provo-Orem-Lehi, UT workforce?
There are approximately 570 Compliance Officers employed within the Provo-Orem-Lehi, UT 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 570 employees in the Provo-Orem-Lehi, UT area with a job density of 1.911 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 Provo-Orem-Lehi, UT