Average Compliance Officers Salary in Southern Indiana nonmetropolitan area
Compliance Officers in Southern Indiana's nonmetropolitan areas earn an average annual salary of $71,410. This figure is notably below the national average of $85,520, reflecting the economic dynamics and potentially lower demand for specialized roles in less urbanized regions. The compensation is directly influenced by the localized market conditions and the overall economic structure of the area.
Executive Summary
- Average Salary: $71,410 per year.
- Growth Trend: Salaries have shifted 12.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,140.
- Outlook: The job market for Compliance Officers in this Southern Indiana nonmetropolitan area appears relatively niche, with a total local workforce of 220 individuals in this role. The Location Quotient of 0.43 indicates a concentration significantly below the national average, suggesting fewer job opportunities compared to other regions. While the absolute number of jobs is modest, the presence of these roles signifies a consistent, albeit specialized, demand within the local economy.
Salary Overview
The average Compliance Officers in Southern Indiana nonmetropolitan area earns-16.5%below the national average.
$34.3
$1,373
$5,951
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, mirroring national trends, have experienced gradual growth over the past four years. Economic shifts, evolving regulatory landscapes, and increased emphasis on compliance functions likely contribute to upward pressure on compensation, even in less densely populated areas.
Compliance Officers Salary Distribution in Southern Indiana nonmetropolitan area
Career progression for Compliance Officers typically involves a significant salary increase from entry-level to senior positions. While specific percentile data for this region is unavailable, the typical salary range can see substantial jumps, with experienced professionals commanding higher earnings. The gap between starting and senior salaries often reflects the accumulation of specialized knowledge, demonstrated expertise, and increased responsibility within compliance functions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,520 | $19 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,558 | $25.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,020 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,263 | $42.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,140 | $52 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$71,410
Gross Pay
Real Wage (Purchasing Power)
$71,410
Adjusted for COL (100)
The average annual salary of $71,410 in Southern Indiana's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to the national standard, making the effective take-home value comparable to living in a more expensive region with a higher salary.
Job Market Context
220
Total Jobs
1.107
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Southern Indiana nonmetropolitan area has a notably lower concentration of Compliance Officers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.43, the job market for Compliance Officers in Southern Indiana's nonmetropolitan area is less concentrated than the national average. This suggests that the role is not as prevalent or in as high demand relative to the national landscape. Consequently, job seekers may face a more competitive environment for available positions, or employers may have a smaller pool of specialized talent to draw from.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Compliance Officers Salary | $83,570↑ 17% | 8 mi |
| Kokomo, IN Compliance Officers Salary | $77,660↑ 9% | 43 mi |
| Columbus, IN Compliance Officers Salary | $73,060↑ 2% | 48 mi |
| Bloomington, IN Compliance Officers Salary | $80,730↑ 13% | 49 mi |
| Lafayette-West Lafayette, IN Compliance Officers Salary | $73,590↑ 3% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Southern Indiana nonmetropolitan area?
The median annual salary for a Compliance Officers in Southern Indiana nonmetropolitan area is $71,410. This typically ranges from $39,520 for entry-level positions to $108,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 16.5% lower than the national median of $85,520.
Is Southern Indiana nonmetropolitan area a lucrative place for Compliance Officerss?
No, it is not considered particularly lucrative compared to national averages.The average salary of $71,410 is significantly lower than the national average of $85,520, although the cost of living is at the national average. The low location quotient also indicates a less robust job market for this profession.
Is Southern Indiana nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($83,570) and Kokomo, IN.
How does the cost of living affect the Compliance Officer salary in Southern Indiana?
The Cost of Living Index is 100, which is the national average. This means that despite the lower nominal salary of $71,410 compared to the national average, the purchasing power of that salary is equivalent to the national average, making it relatively stable in terms of real value.
What does the Location Quotient of 0.43 signify for Compliance Officers in this area?
A Location Quotient of 0.43 indicates that Compliance Officers are less concentrated in Southern Indiana's nonmetropolitan areas compared to the national average. This suggests fewer job opportunities and potentially a more specialized or niche market for these professionals.
How many Compliance Officers are there in Southern Indiana's nonmetropolitan area?
There are approximately 220 Compliance Officers employed in the Southern Indiana nonmetropolitan area, representing a small but present segment of the local workforce.
Are there many job openings for Compliance Officers in this region?
With only 1.107 jobs per 1,000 workers, the number of available positions for Compliance Officers in this nonmetropolitan area is relatively low, indicating a limited job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Southern Indiana nonmetropolitan area area with a job density of 1.107 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 Southern Indiana nonmetropolitan area