Average Compliance Officers Salary in Southwest New York nonmetropolitan area
Compliance Officers in the Southwest New York nonmetropolitan area earn an average annual salary of $79,260. This figure is approximately 7.3% below the national average of $85,520. The localized pay reflects the specific economic conditions and demand within this nonmetropolitan region, which differs from the broader national labor market.
Executive Summary
- Average Salary: $79,260 per year.
- Growth Trend: Salaries have shifted 26.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,380.
- Outlook: The job market for Compliance Officers in Southwest New York nonmetropolitan area appears moderately robust, with a total local workforce of 560 professionals. The Location Quotient of 1.21 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not exceptionally high, demand for compliance expertise within the region.
Salary Overview
The average Compliance Officers in Southwest New York nonmetropolitan area earns-7.3%below the national average.
$38.1
$1,524
$6,605
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Compliance Officers nationwide and in regions like Southwest New York nonmetropolitan area 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 adherence to legal and ethical standards.
Compliance Officers Salary Distribution in Southwest New York nonmetropolitan area
Salary progression for Compliance Officers typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and specialized knowledge can command salaries well into the higher percentiles. The gap between entry-level and senior roles highlights the value placed on accumulated experience and demonstrated success in navigating complex compliance landscapes.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,200 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,445 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,420 | $29 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,075 | $47.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,380 | $61.2 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$79,260
Gross Pay
Real Wage (Purchasing Power)
$79,260
Adjusted for COL (100)
With an average annual salary of $79,260 and a Cost of Living Index of 100, the nominal income in Southwest New York nonmetropolitan area aligns precisely with the national average cost of living. This means that the purchasing power of a Compliance Officer's salary in this region is equivalent to the national average, offering neither a significant cost advantage nor disadvantage.
Job Market Context
560
Total Jobs
3.133
Per 1K Jobs
1.21
Location Quotient
With a location quotient of 1.21, Southwest New York nonmetropolitan area has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
The Location Quotient of 1.21 for Compliance Officers in Southwest New York nonmetropolitan area suggests a market where these professionals are slightly more concentrated than the national average. This indicates a potentially competitive environment for job seekers, but also suggests a healthy presence of organizations valuing compliance roles, making it a viable market for those in the profession.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Compliance Officers Salary | $84,090↑ 6% | 49 mi |
| Kingston, NY Compliance Officers Salary | $87,390↑ 10% | 51 mi |
| Scranton--Wilkes-Barre, PA Compliance Officers Salary | $66,500↓ 16% | 64 mi |
| Utica-Rome, NY Compliance Officers Salary | $75,090↓ 5% | 66 mi |
| Albany-Schenectady-Troy, NY Compliance Officers Salary | $83,110↑ 5% | 68 mi |
Comparing salaries near Southwest New York nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Southwest New York nonmetropolitan area?
The median annual salary for a Compliance Officers in Southwest New York nonmetropolitan area is $79,260. This typically ranges from $31,200 for entry-level positions to $127,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest New York nonmetropolitan area is 7.3% lower than the national median of $85,520.
Is Southwest New York nonmetropolitan area a lucrative place for Compliance Officers?
No, it is slightly less lucrative than the national average.While the average salary of $79,260 is substantial, it falls below the national average of $85,520. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Southwest New York nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Southwest New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($84,090) and Kingston, NY.
How does the local workforce size impact job prospects for Compliance Officers in this area?
A local workforce of 560 Compliance Officers suggests a established presence of these roles, indicating consistent demand, though the moderate size means rapid expansion might be limited.
What does a Location Quotient of 1.21 signify for Compliance Officers in Southwest New York?
A Location Quotient of 1.21 means there are about 21% more Compliance Officers per worker in this area compared to the national average, indicating a slightly higher concentration and demand.
How does the national average salary compare to the local average for Compliance Officers?
The national average salary for Compliance Officers is $85,520, which is higher than the average of $79,260 reported for the Southwest New York nonmetropolitan area.
What is the significance of the Cost of Living Index being 100 in Southwest New York nonmetropolitan area?
A Cost of Living Index of 100 signifies that the general cost of goods and services in this region is exactly in line with the national average, making the local salary's purchasing power comparable nationally.
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 Southwest New York nonmetropolitan area area with a job density of 3.133 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Compliance Officers Salaries by State
Top Jobs in Southwest New York nonmetropolitan area
- All Occupations Salary in Southwest New York nonmetropolitan area
- Office and Administrative Support Occupations Salary in Southwest New York nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Southwest New York nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Southwest New York nonmetropolitan area
- Production Occupations Salary in Southwest New York nonmetropolitan area
- Sales and Related Occupations Salary in Southwest New York nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Southwest New York nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Southwest New York nonmetropolitan area
- Management Occupations Salary in Southwest New York nonmetropolitan area
- Installation, Maintenance, and Repair Occupations Salary in Southwest New York nonmetropolitan area
- Browse All Jobs in Southwest New York nonmetropolitan area →
Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Southwest New York nonmetropolitan area