Average Compliance Officers Salary in Scranton--Wilkes-Barre, PA
Compliance Officers in Scranton--Wilkes-Barre, PA, can expect an average annual salary of $66,500. This figure is notably below the national average of $85,520, suggesting that local market dynamics and potentially a different industry focus influence compensation in this region compared to national trends.
Executive Summary
- Average Salary: $66,500 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,920.
- Outlook: The Scranton--Wilkes-Barre, PA, market for Compliance Officers shows a moderate presence, with a total local workforce of 560 individuals in this role. The Location Quotient of 0.85 indicates that the concentration of Compliance Officers is slightly below the national average, suggesting a stable but not exceptionally high demand within the immediate area.
Salary Overview
The average Compliance Officers in Scranton--Wilkes-Barre, PA earns-22.2%below the national average.
$32
$1,279
$5,542
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Compliance Officers across the nation, including Scranton--Wilkes-Barre, PA, have experienced steady growth over the past four years. This trend is driven by increasing regulatory complexity and the ongoing need for skilled professionals to ensure organizational adherence to laws and standards.
Compliance Officers Salary Distribution in Scranton--Wilkes-Barre, PA
Salary progression for Compliance Officers in Scranton--Wilkes-Barre, PA, typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command significantly higher salaries, reflecting the increasing value and responsibility associated with senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,450 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,875 | $24 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,270 | $29.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $83,125 | $40 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $99,920 | $48 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$66,500
Gross Pay
Real Wage (Purchasing Power)
$66,500
Adjusted for COL (100)
The average annual salary of $66,500 in Scranton--Wilkes-Barre, PA, aligns perfectly with the local Cost of Living Index of 100, which is 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 a balanced financial outlook for residents.
Job Market Context
560
Total Jobs
2.201
Per 1K Jobs
0.85
Location Quotient
Scranton--Wilkes-Barre, PA has 0.85x 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.
With a Location Quotient of 0.85, the Scranton--Wilkes-Barre, PA, market for Compliance Officers is slightly less concentrated than the national average. This suggests that while the profession is present and necessary, the job market may not be saturated, potentially offering a good balance of opportunity for qualified candidates without intense competition.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Compliance Officers Salary | $84,090↑ 26% | 50 mi |
| Allentown-Bethlehem-Easton, PA-NJ Compliance Officers Salary | $78,170↑ 18% | 57 mi |
| Southwest New York nonmetropolitan area Compliance Officers Salary | $79,260↑ 19% | 64 mi |
| Central East New York nonmetropolitan area Compliance Officers Salary | $71,950↑ 8% | 64 mi |
| Capital/Northern New York nonmetropolitan area Compliance Officers Salary | $89,110↑ 34% | 64 mi |
Comparing salaries near Scranton--Wilkes-Barre, PA
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Frequently Asked Questions
How much does a Compliance Officers make in Scranton--Wilkes-Barre, PA?
The median annual salary for a Compliance Officers in Scranton--Wilkes-Barre, PA is $66,500. This typically ranges from $40,450 for entry-level positions to $99,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Scranton--Wilkes-Barre, PA is 22.2% lower than the national median of $85,520.
Is Scranton--Wilkes-Barre, PA a lucrative place for Compliance Officers?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $66,500 is significantly lower than the national average of $85,520 for Compliance Officers.
Is Scranton--Wilkes-Barre, PA a good place to live for Compliance Officers?
The Cost of Living Index in Scranton--Wilkes-Barre, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Scranton--Wilkes-Barre, PA?
Some top paying nearby cities include Binghamton, NY ($84,090) and Allentown-Bethlehem-Easton, PA-NJ.
How does the Scranton--Wilkes-Barre salary compare to the national average?
The average salary for Compliance Officers in Scranton--Wilkes-Barre, PA, is $66,500, which is $19,020 less than the national average of $85,520.
What is the cost of living in Scranton--Wilkes-Barre, PA for Compliance Officers?
The Cost of Living Index in Scranton--Wilkes-Barre, PA, is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
How concentrated is the Compliance Officer job market in Scranton--Wilkes-Barre, PA?
The job market concentration, measured by the Location Quotient of 0.85, is slightly below the national average, suggesting a stable but not overly dense presence of Compliance Officers in the area.
How many Compliance Officers are there in Scranton--Wilkes-Barre, PA?
There are approximately 560 Compliance Officers employed within the Scranton--Wilkes-Barre, PA, 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 560 employees in the Scranton--Wilkes-Barre, PA area with a job density of 2.201 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 Scranton--Wilkes-Barre, PA