Average Compliance Officers Salary in Salt Lake City-Murray, UT
Compliance Officers in Salt Lake City-Murray, UT, earn an average annual salary of $77,550. This figure is slightly below the national average of $85,520, indicating a localized market dynamic. Factors such as the specific industry concentration and regional demand within the Salt Lake City-Murray metropolitan area likely influence this compensation.
Executive Summary
- Average Salary: $77,550 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,060.
- Outlook: The Salt Lake City-Murray area supports a robust workforce of 2,350 Compliance Officers. With a Location Quotient of 1.12, the concentration of these professionals is slightly higher than the national average, suggesting a healthy and potentially growing demand for their specialized skills within the region.
Salary Overview
The average Compliance Officers in Salt Lake City-Murray, UT earns-9.3%below the national average.
$37.3
$1,491
$6,463
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Salt Lake City-Murray is not provided, it's reasonable to assume that salaries for Compliance Officers have seen a steady upward trend over the past four years, mirroring national patterns. This growth is typically driven by increasing regulatory complexity and a greater emphasis on corporate governance across industries.
Compliance Officers Salary Distribution in Salt Lake City-Murray, UT
The salary range for Compliance Officers in Salt Lake City-Murray, UT, naturally expands with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive expertise and a proven track record can command salaries in the upper percentiles. This progression reflects the increasing value and responsibility associated with senior compliance roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,680 | $21 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,163 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,210 | $34.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,938 | $46.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,060 | $60.1 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$77,550
Gross Pay
Real Wage (Purchasing Power)
$77,550
Adjusted for COL (100)
For professionals considering a move to Salt Lake City-Murray, the average salary of $77,550 aligns perfectly with the local cost of living, which is indexed at 100, matching the national average. This means that the purchasing power of a Compliance Officer's salary in this area is equivalent to the national standard, offering stable financial footing.
Job Market Context
2,350
Total Jobs
2.879
Per 1K Jobs
1.12
Location Quotient
With a location quotient of 1.12, Salt Lake City-Murray, UT has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.12 signifies that Compliance Officers are more concentrated in Salt Lake City-Murray than in the average U.S. metropolitan area. This suggests a competitive job market where employers may have a good pool of local talent, but also indicates a strong presence of industries requiring compliance expertise.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Ogden, UT Compliance Officers Salary | $67,640↓ 13% | 31 mi |
| Provo-Orem-Lehi, UT Compliance Officers Salary | $65,740↓ 15% | 40 mi |
| High Desert Utah nonmetropolitan area Compliance Officers Salary | $64,950↓ 16% | 44 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Compliance Officers Salary | $72,490↓ 7% | 44 mi |
| Logan, UT-ID Compliance Officers Salary | $79,380↑ 2% | 67 mi |
Comparing salaries near Salt Lake City-Murray, UT
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Salt Lake City-Murray, UT?
The median annual salary for a Compliance Officers in Salt Lake City-Murray, UT is $77,550. This typically ranges from $43,680 for entry-level positions to $125,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salt Lake City-Murray, UT is 9.3% lower than the national median of $85,520.
Is Salt Lake City-Murray, UT a lucrative place for Compliance Officerss?
Yes, it offers a stable financial environment for Compliance Officers.While the average salary is slightly below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power. The slightly higher concentration of roles (LQ 1.12) also indicates a healthy local market.
Is Salt Lake City-Murray, UT a good place to live for Compliance Officers?
The Cost of Living Index in Salt Lake City-Murray, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salt Lake City-Murray, UT?
Some top paying nearby cities include Ogden, UT ($67,640) and Provo-Orem-Lehi, UT.
How does the Salt Lake City-Murray salary compare to the national average?
The average annual salary for Compliance Officers in Salt Lake City-Murray, UT is $77,550, which is approximately 9% lower than the national average of $85,520.
What is the significance of the Location Quotient (LQ) of 1.12?
An LQ of 1.12 indicates that Compliance Officers are 12% more concentrated in the Salt Lake City-Murray area compared to the national average, suggesting a slightly higher demand or presence of these roles.
How does the cost of living in Salt Lake City-Murray affect the salary?
With a Cost of Living Index of 100, Salt Lake City-Murray is on par with the national average. This means the $77,550 salary offers the same relative purchasing power as the national average salary.
What is the total number of Compliance Officers in the Salt Lake City-Murray area?
There are approximately 2,350 Compliance Officers employed within the Salt Lake City-Murray, 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 2,350 employees in the Salt Lake City-Murray, UT area with a job density of 2.879 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 Salt Lake City-Murray, UT