Average Compliance Officers Salary in Sioux Falls, SD-MN
Compliance Officers in Sioux Falls, SD-MN earn an average annual salary of $85,370. This figure is remarkably close to the national average of $85,520, indicating a stable and competitive compensation landscape. Factors such as the specific industry demands within the region and the overall economic health of Sioux Falls likely contribute to this alignment with national pay scales.
Executive Summary
- Average Salary: $85,370 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,630.
- Outlook: The Sioux Falls, SD-MN market for Compliance Officers appears robust, with a total local workforce of 540 professionals. The Location Quotient of 1.19 suggests a slightly higher concentration of these roles compared to the national average, implying a steady demand for compliance expertise within the area's economic structure.
Salary Overview
The average Compliance Officers in Sioux Falls, SD-MN earns-0.2%below the national average.
$41
$1,642
$7,114
Compliance Officers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Compliance Officers in Sioux Falls, like in most professional fields, have experienced steady growth over the past four years. This trend is typically driven by evolving regulatory landscapes, increasing complexity in business operations, and a persistent need for skilled compliance professionals.
Compliance Officers Salary Distribution in Sioux Falls, SD-MN
Career progression for Compliance Officers in Sioux Falls, SD-MN is typically marked by significant salary increases with experience. Entry-level positions might start at a lower percentile, but as professionals gain expertise, navigate complex regulations, and take on more responsibility, their earning potential can rise substantially, reflecting in higher salary percentiles and advanced roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,890 | $28.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,028 | $30.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,170 | $37.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $106,713 | $51.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,630 | $64.7 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$85,370
Gross Pay
Real Wage (Purchasing Power)
$85,370
Adjusted for COL (100)
With an average annual salary of $85,370 and a Cost of Living Index of 100 (matching the national average), the nominal income in Sioux Falls, SD-MN offers a purchasing power equivalent to the national standard. This means that the $85,370 salary will likely cover essential living expenses and discretionary spending at a rate comparable to the average American.
Job Market Context
540
Total Jobs
3.076
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Sioux Falls, SD-MN has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
The Location Quotient of 1.19 for Compliance Officers in Sioux Falls, SD-MN indicates a market where these professionals are slightly more concentrated than the national average. This suggests a healthy, perhaps even slightly competitive, job market with a good number of opportunities available relative to the size of the general workforce.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Compliance Officers Salary | $73,200↓ 14% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Sioux Falls, SD-MN?
The median annual salary for a Compliance Officers in Sioux Falls, SD-MN is $85,370. This typically ranges from $59,890 for entry-level positions to $134,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sioux Falls, SD-MN is 0.2% lower than the national median of $85,520.
Is Sioux Falls, SD-MN a lucrative place for Compliance Officers?
Yes, it offers competitive compensation.Compliance Officers in Sioux Falls earn an average of $85,370, which is on par with the national average. Coupled with a cost of living index of 100, this salary provides strong purchasing power.
Is Sioux Falls, SD-MN a good place to live for Compliance Officers?
The Cost of Living Index in Sioux Falls, SD-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sioux Falls, SD-MN?
Some top paying nearby cities include Sioux City, IA-NE-SD ($73,200) and others.
How does the Sioux Falls Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Sioux Falls, SD-MN is $85,370, which is very close to the national average of $85,520, indicating comparable earning potential.
What is the concentration of Compliance Officers in Sioux Falls?
Sioux Falls has a Location Quotient of 1.19 for Compliance Officers, meaning the profession is slightly more concentrated there than the national average, suggesting a healthy local demand.
How does the cost of living in Sioux Falls affect the salary?
The Cost of Living Index in Sioux Falls is 100, which is the national average. Therefore, the average salary of $85,370 offers purchasing power consistent with the national median.
What does the job market look like for Compliance Officers in Sioux Falls?
With 540 Compliance Officers locally and a Location Quotient above 1.0, the job market appears stable and slightly favors professionals in this field within the Sioux Falls area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Sioux Falls, SD-MN area with a job density of 3.076 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 Sioux Falls, SD-MN