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Average Compliance Officers Salary in Rhode Island

Compliance Officers in Rhode Island earn an impressive average annual salary of $88,880, exceeding the national average of $85,520. This higher compensation is likely influenced by a combination of factors specific to the state's economic landscape and regulatory environment, potentially including a demand for specialized skills or a higher cost of doing business.

Executive Summary

  • Average Salary: $88,880 per year.
  • Growth Trend: Salaries have shifted 9.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $129,640.
  • Outlook: With a local workforce of 970 Compliance Officers, Rhode Island presents a moderately concentrated job market. The Location Quotient of 0.76 suggests that while the state employs fewer Compliance Officers per capita than the national average, the presence of nearly a thousand professionals indicates a stable and established demand for these critical roles within the state's industries.
2024 Market Data

Salary Overview

$88,880

The average Compliance Officers in Rhode Island earns+3.9%above the national average.

BreakdownBased on 40h/week
Hourly

$42.7

Weekly

$1,709

Monthly

$7,407

Compliance Officers Salary Distribution in Rhode Island

The career trajectory for Compliance Officers in Rhode Island typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise and take on more complex responsibilities, their earning potential escalates, with senior roles commanding salaries well above the average, reflecting their accumulated knowledge and strategic value.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$58,120$27.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$66,660$32
ManagerOversees team, compliance, and project delivery.50% (Median)$83,200$40
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$111,100$53.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$129,640$62.3

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$88,880

Gross Pay

Real Wage (Purchasing Power)

$79,357

Adjusted for COL (112)

Rhode Island's Cost of Living Index stands at 112, which is 12% higher than the national average. Consequently, the nominal salary of $88,880, while above the national average, needs to be considered in light of this elevated cost of living, suggesting that the purchasing power of this salary may be closer to, or slightly above, the national average.

Job Market Context

970

Total Jobs

1.964

Per 1K Jobs

0.76

Location Quotient

Below Average

Rhode Island has 0.76x 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 0.76 indicates that Rhode Island has a slightly lower concentration of Compliance Officers relative to its overall workforce compared to the national average. This suggests that while the profession is present and necessary, the market may not be oversaturated, potentially offering good opportunities for skilled professionals seeking employment.

Nearby Job Markets

Nearby Cities for Compliance Officers

CitySalaryDist.
Providence-Warwick, RI-MA Compliance Officers Salary$86,060↓ 3%11 mi
Norwich-New London-Willimantic, CT Compliance Officers Salary$89,640↑ 1%31 mi
Massachusetts nonmetropolitan area Compliance Officers Salary$88,960↑ 0%38 mi
Worcester, MA Compliance Officers Salary$87,830↓ 1%43 mi
Boston-Cambridge-Newton, MA-NH Compliance Officers Salary$98,760↑ 11%49 mi

Comparing salaries near Rhode Island

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in Rhode Island?

The median annual salary for a Compliance Officers in Rhode Island is $88,880. This typically ranges from $58,120 for entry-level positions to $129,640 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Rhode Island is 3.9% higher than the national median of $85,520.

Is Rhode Island a lucrative place for Compliance Officers?

Yes, with caveats.Compliance Officers in Rhode Island earn above the national average salary. However, the higher cost of living means the real value of this salary should be carefully considered.

Is Rhode Island a good place to live for Compliance Officers?

The Cost of Living Index in Rhode Island is 112. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Rhode Island?

Some top paying nearby cities include Providence-Warwick, RI-MA ($86,060) and Norwich-New London-Willimantic, CT.

What is the average salary for a Compliance Officer in Rhode Island?

The average annual salary for a Compliance Officer in Rhode Island is $88,880.

How does Rhode Island's Compliance Officer salary compare to the national average?

Rhode Island's average salary of $88,880 is higher than the national average of $85,520.

What is the Cost of Living Index in Rhode Island?

Rhode Island has a Cost of Living Index of 112, meaning it is 12% more expensive to live there than the national average.

How concentrated is the Compliance Officer job market in Rhode Island?

The job market for Compliance Officers in Rhode Island has a Location Quotient of 0.76, indicating a slightly lower concentration compared to the national average.

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 Rhode Island area with a job density of 1.964 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Rhode Island