Average Compliance Officers Salary in Southwest Maine nonmetropolitan area
Compliance Officers in the Southwest Maine nonmetropolitan area earn an average annual salary of $74,190. This figure is notably below the national average of $85,520, suggesting that regional economic factors and industry concentration play a significant role in compensation within this specific locale. The lower average salary may reflect a different balance of supply and demand for compliance expertise compared to more densely populated or industrially diverse areas.
Executive Summary
- Average Salary: $74,190 per year.
- Growth Trend: Salaries have shifted 13.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,330.
- Outlook: The job market for Compliance Officers in Southwest Maine appears stable, with a total local workforce of 320 professionals. The location quotient of 0.88 indicates a slightly lower concentration of these roles compared to the national average, suggesting that while the profession is present, it is not disproportionately dominant in the region. This steady presence, combined with 2.263 jobs per 1,000 workers, points to a consistent, albeit not rapidly expanding, demand for compliance expertise.
Salary Overview
The average Compliance Officers in Southwest Maine nonmetropolitan area earns-13.2%below the national average.
$35.7
$1,427
$6,183
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Southwest Maine have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, evolving regulatory landscapes, and increasing demand for specialized compliance knowledge likely contribute to upward pressure on wages, even in nonmetropolitan areas. This suggests a positive trajectory for compensation, albeit potentially at a more moderate pace than in major urban centers.
Compliance Officers Salary Distribution in Southwest Maine nonmetropolitan area
Salary progression for Compliance Officers typically scales with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive knowledge of complex regulations and risk management strategies can expect significantly higher compensation. The percentile gaps in salary distributions, from the lower end for junior roles to the upper end for senior compliance experts, clearly signify the career advancement and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,760 | $21.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,643 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,580 | $33.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,738 | $44.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,330 | $50.2 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$74,190
Gross Pay
Real Wage (Purchasing Power)
$74,190
Adjusted for COL (100)
The average annual salary of $74,190 for Compliance Officers in Southwest Maine aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the nominal salary holds its purchasing power directly against the national average, offering a cost-of-living adjusted income that is neither significantly advantaged nor disadvantaged compared to the rest of the country.
Job Market Context
320
Total Jobs
2.263
Per 1K Jobs
0.88
Location Quotient
Southwest Maine nonmetropolitan area has 0.88x 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 0.88, Southwest Maine's market for Compliance Officers is slightly less concentrated than the national average. This suggests that while the demand for compliance professionals exists, the supply might be relatively more abundant or the specific industries requiring these roles are less prevalent compared to national benchmarks. This equilibrium indicates a moderately competitive job market where professionals can find opportunities without facing the intense competition often seen in highly concentrated areas.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Compliance Officers Salary | $89,050↑ 20% | 31 mi |
| Lewiston-Auburn, ME Compliance Officers Salary | $69,780↓ 6% | 57 mi |
| Portland-South Portland, ME Compliance Officers Salary | $91,250↑ 23% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Southwest Maine nonmetropolitan area?
The median annual salary for a Compliance Officers in Southwest Maine nonmetropolitan area is $74,190. This typically ranges from $44,760 for entry-level positions to $104,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 13.2% lower than the national median of $85,520.
Is Southwest Maine nonmetropolitan area a lucrative place for Compliance Officers?
No, it is not exceptionally lucrative compared to the national average.The average salary of $74,190 is below the national average of $85,520, although the cost of living is at the national average, meaning purchasing power is comparable.
Is Southwest Maine nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($89,050) and Lewiston-Auburn, ME.
How does the number of Compliance Officers in Southwest Maine compare to the national average?
The location quotient of 0.88 indicates that Southwest Maine has a slightly lower concentration of Compliance Officers relative to the national average, suggesting fewer jobs per capita in this specific region.
What is the total number of Compliance Officers employed in Southwest Maine?
There are approximately 320 Compliance Officers employed within the Southwest Maine nonmetropolitan area.
Does experience significantly impact a Compliance Officer's salary in this region?
Yes, as with most professions, experience plays a crucial role, with senior Compliance Officers earning substantially more than entry-level professionals, reflecting increased responsibility and expertise.
How does the cost of living in Southwest Maine affect the value of a Compliance Officer's salary?
With a cost of living index of 100, the local cost of living matches the national average, meaning the $74,190 salary offers purchasing power equivalent to the national average salary in terms of daily expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Southwest Maine nonmetropolitan area area with a job density of 2.263 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 Southwest Maine nonmetropolitan area