Average Compliance Officers Salary in South Central Kentucky nonmetropolitan area
Compliance Officers in South Central Kentucky's nonmetropolitan area earn an average annual salary of $60,830. This figure is notably lower than the national average of $85,520, reflecting regional economic factors and potentially a different industry focus compared to more urbanized or specialized areas. The localized demand and the specific needs of businesses within this region directly influence compensation levels.
Executive Summary
- Average Salary: $60,830 per year.
- Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $93,890.
- Outlook: The Compliance Officer job market in South Central Kentucky's nonmetropolitan area, with a total local workforce of 280 professionals, indicates a niche presence. The Location Quotient of 0.62 suggests that this role is less concentrated here than the national average, implying a stable but not rapidly expanding demand. While the absolute number of jobs per 1,000 workers (1.607) is modest, it signifies a consistent, albeit specialized, need for compliance expertise within the local economy.
Salary Overview
The average Compliance Officers in South Central Kentucky nonmetropolitan area earns-28.9%below the national average.
$29.3
$1,170
$5,069
Compliance Officers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Compliance Officers in South Central Kentucky have likely seen gradual growth over the past four years, mirroring national trends. Economic development and increasing regulatory complexities often drive up demand and, consequently, compensation for skilled professionals in compliance roles, even in less urbanized regions.
Compliance Officers Salary Distribution in South Central Kentucky nonmetropolitan area
Career progression for Compliance Officers typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive expertise and specialized knowledge can command salaries well above the average. The percentile gaps in earnings clearly signify the value placed on years of experience, advanced certifications, and a proven track record in managing complex compliance landscapes.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,010 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $45,623 | $21.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,390 | $27.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $76,038 | $36.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $93,890 | $45.1 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$60,830
Gross Pay
Real Wage (Purchasing Power)
$60,830
Adjusted for COL (100)
The average annual salary of $60,830 in South Central Kentucky's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Compliance Officer's salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay offers a comparable standard of living to that experienced elsewhere in the country.
Job Market Context
280
Total Jobs
1.607
Per 1K Jobs
0.62
Location Quotient
South Central Kentucky nonmetropolitan area has 0.62x 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 0.62, the job market for Compliance Officers in South Central Kentucky's nonmetropolitan area is less concentrated than the national average. This indicates that while there is a presence of compliance professionals, the field is not as saturated as in major metropolitan hubs. This lower concentration suggests a potentially less competitive environment for job seekers, but also implies that the demand might be more specialized and tied to specific local industries.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Compliance Officers Salary | $72,430↑ 19% | 28 mi |
| Elizabethtown, KY Compliance Officers Salary | $71,100↑ 17% | 66 mi |
| Louisville/Jefferson County, KY-IN Compliance Officers Salary | $78,120↑ 28% | 72 mi |
| Cincinnati, OH-KY-IN Compliance Officers Salary | $83,060↑ 37% | 100 mi |
Comparing salaries near South Central Kentucky nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in South Central Kentucky nonmetropolitan area?
The median annual salary for a Compliance Officers in South Central Kentucky nonmetropolitan area is $60,830. This typically ranges from $37,010 for entry-level positions to $93,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Kentucky nonmetropolitan area is 28.9% lower than the national median of $85,520.
Is South Central Kentucky nonmetropolitan area a lucrative place for Compliance Officers?
No, it is not considered a lucrative area compared to national averages.The average salary of $60,830 is significantly lower than the national average of $85,520. However, the cost of living is also at the national average, meaning the lower salary offers equivalent purchasing power.
Is South Central Kentucky nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in South Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($72,430) and Elizabethtown, KY.
How does the local workforce size affect Compliance Officer jobs?
A local workforce of 280 Compliance Officers suggests a specialized and relatively small market. This can mean fewer opportunities but potentially less competition for experienced professionals.
What does a Location Quotient of 0.62 mean for Compliance Officers?
A Location Quotient below 1.0, like 0.62, indicates that Compliance Officers are less common in this region compared to the national average. This suggests a niche market rather than a high concentration of these roles.
How does the Cost of Living Index impact the salary perception?
With a Cost of Living Index of 100, the $60,830 salary has the same purchasing power as the national average. This means that despite the lower nominal wage, the standard of living is comparable to the national benchmark.
What is the job density for Compliance Officers in this region?
There are approximately 1.607 Compliance Officer jobs per 1,000 workers in South Central Kentucky's nonmetropolitan area, indicating a moderate level of job density for the profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the South Central Kentucky nonmetropolitan area area with a job density of 1.607 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 South Central Kentucky nonmetropolitan area