Average Compliance Officers Salary in Roanoke, VA
Compliance Officers in Roanoke, VA earn an average annual salary of $71,020. 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 Virginia city.
Executive Summary
- Average Salary: $71,020 per year.
- Growth Trend: Salaries have shifted 8.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $103,230.
- Outlook: Roanoke's market for Compliance Officers appears stable, with a local workforce of 430 professionals. The Location Quotient of 1.09 indicates a slightly higher concentration of these roles compared to the national average, suggesting a steady, if not rapidly expanding, demand for compliance expertise within the region.
Salary Overview
The average Compliance Officers in Roanoke, VA earns-17.0%below the national average.
$34.2
$1,366
$5,918
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Roanoke is not provided, it is reasonable to assume that salaries for Compliance Officers in Roanoke have experienced gradual growth over the past four years, mirroring national trends. Economic shifts and increasing regulatory complexity typically drive up demand and, consequently, compensation for skilled compliance professionals.
Compliance Officers Salary Distribution in Roanoke, VA
Career progression for Compliance Officers in Roanoke, as elsewhere, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized knowledge and leadership responsibilities can command salaries well above the average, reflecting the value of their expertise and career trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,590 | $21.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,265 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,330 | $31.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,775 | $42.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $103,230 | $49.6 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$71,020
Gross Pay
Real Wage (Purchasing Power)
$71,020
Adjusted for COL (100)
With an average annual salary of $71,020 and a Cost of Living Index of 100 (matching the national average), Compliance Officers in Roanoke find their nominal earnings directly align with the national cost of living. This means the purchasing power of their salary in Roanoke is comparable to the national average, offering a balanced financial landscape.
Job Market Context
430
Total Jobs
2.822
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Roanoke, VA has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.09 for Compliance Officers in Roanoke signifies a job market where these professionals are slightly more prevalent than the national average. This suggests a healthy, established presence of compliance roles, indicating consistent opportunities without necessarily implying intense competition or oversaturation.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Blacksburg-Christiansburg-Radford, VA Compliance Officers Salary | $75,570↑ 6% | 26 mi |
| Lynchburg, VA Compliance Officers Salary | $66,350↓ 7% | 43 mi |
| Beckley, WV Compliance Officers Salary | $60,190↓ 15% | 76 mi |
| Staunton-Stuarts Draft, VA Compliance Officers Salary | $63,800↓ 10% | 78 mi |
| Greensboro-High Point, NC Compliance Officers Salary | $85,300↑ 20% | 82 mi |
Comparing salaries near Roanoke, VA
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Roanoke, VA?
The median annual salary for a Compliance Officers in Roanoke, VA is $71,020. This typically ranges from $45,590 for entry-level positions to $103,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Roanoke, VA is 17.0% lower than the national median of $85,520.
Is Roanoke, VA a lucrative place for Compliance Officers?
No, not exceptionally lucrative compared to the national average.While Roanoke offers a stable job market for Compliance Officers, the average salary of $71,020 is below the national average of $85,520, indicating less lucrative compensation in this specific location.
Is Roanoke, VA a good place to live for Compliance Officers?
The Cost of Living Index in Roanoke, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Roanoke, VA?
Some top paying nearby cities include Blacksburg-Christiansburg-Radford, VA ($75,570) and Lynchburg, VA.
How does Roanoke's Compliance Officer salary compare to the national average?
The average salary for Compliance Officers in Roanoke, VA is $71,020, which is $14,500 less than the national average of $85,520.
What is the concentration of Compliance Officers in Roanoke?
Roanoke has a Location Quotient of 1.09 for Compliance Officers, meaning the profession is slightly more concentrated there than the national average.
How does the cost of living in Roanoke affect salary perception?
Roanoke's Cost of Living Index is 100, which is the national average. Therefore, the $71,020 salary in Roanoke has a purchasing power equivalent to the national average.
What is the total number of Compliance Officers in Roanoke?
There are approximately 430 Compliance Officers working in Roanoke, VA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Roanoke, VA area with a job density of 2.822 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 Roanoke, VA