Average Compliance Officers Salary in Southwest Virginia nonmetropolitan area
Compliance Officers in the Southwest Virginia nonmetropolitan area can expect an average annual salary of $62,760. This figure falls notably below the national average of $85,520. The localized pay scale is influenced by regional economic factors and the specific demand within this nonmetropolitan setting.
Executive Summary
- Average Salary: $62,760 per year.
- Growth Trend: Salaries have shifted 8.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $97,470.
- Outlook: The job market for Compliance Officers in Southwest Virginia nonmetropolitan area appears stable, with a total local workforce of 210 professionals. The Location Quotient of 0.7 suggests a slightly lower concentration of these roles compared to the national average, indicating a steady but not overly saturated demand.
Salary Overview
The average Compliance Officers in Southwest Virginia nonmetropolitan area earns-26.6%below the national average.
$30.2
$1,207
$5,230
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 Virginia nonmetropolitan area have experienced gradual growth over the past four years, mirroring national trends of increasing compensation driven by evolving regulatory landscapes and the critical need for compliance expertise.
Compliance Officers Salary Distribution in Southwest Virginia nonmetropolitan area
Career progression for Compliance Officers typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while senior roles command higher salaries, reflecting accumulated expertise, leadership responsibilities, and a deeper understanding of complex compliance frameworks. The variance in pay across experience levels signifies clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,700 | $16.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,070 | $22.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,940 | $27.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,450 | $37.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $97,470 | $46.9 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$62,760
Gross Pay
Real Wage (Purchasing Power)
$62,760
Adjusted for COL (100)
With an average annual salary of $62,760 and a Cost of Living Index of 100, the nominal income in Southwest Virginia nonmetropolitan area aligns precisely with the national average cost of living. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national standard, offering a balanced financial outlook.
Job Market Context
210
Total Jobs
1.799
Per 1K Jobs
0.7
Location Quotient
Southwest Virginia nonmetropolitan area has 0.70x 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.
The Location Quotient of 0.7 indicates that Compliance Officer roles are less concentrated in Southwest Virginia nonmetropolitan area than the national average. This suggests that while the profession is present, it is not a dominant industry sector, potentially leading to a more specialized job search and a competitive environment for highly experienced candidates.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Compliance Officers Salary | $80,000↑ 27% | 25 mi |
| Richmond, VA Compliance Officers Salary | $78,510↑ 25% | 41 mi |
| Staunton-Stuarts Draft, VA Compliance Officers Salary | $63,800↑ 2% | 56 mi |
| Harrisonburg, VA Compliance Officers Salary | $72,930↑ 16% | 60 mi |
| Lynchburg, VA Compliance Officers Salary | $66,350↑ 6% | 61 mi |
Comparing salaries near Southwest Virginia nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Southwest Virginia nonmetropolitan area?
The median annual salary for a Compliance Officers in Southwest Virginia nonmetropolitan area is $62,760. This typically ranges from $33,700 for entry-level positions to $97,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Virginia nonmetropolitan area is 26.6% lower than the national median of $85,520.
Is Southwest Virginia nonmetropolitan area a lucrative place for Compliance Officers?
No, it is not considered a highly lucrative area for Compliance Officers.The average salary of $62,760 is significantly lower than the national average of $85,520. While the cost of living is average, the nominal pay does not reflect a premium compensation environment.
Is Southwest Virginia nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Southwest Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($80,000) and Richmond, VA.
How does the local workforce size affect job prospects?
A local workforce of 210 suggests a moderate-sized professional community. While not vast, it indicates a consistent need for Compliance Officers within the region's businesses and organizations.
What does a Location Quotient of 0.7 mean for job seekers?
A Location Quotient below 1.0, such as 0.7, implies that Compliance Officer jobs are less prevalent per capita in Southwest Virginia nonmetropolitan area compared to the national average, suggesting a potentially more niche job market.
How does the Cost of Living Index impact the salary?
A Cost of Living Index of 100 means that the expenses for goods and services in Southwest Virginia nonmetropolitan area are on par with the national average. Therefore, the $62,760 salary offers average purchasing power locally.
What are the typical career paths for Compliance Officers?
Career paths often involve progressing from junior compliance roles to senior analyst, manager, or director positions, specializing in areas like financial, healthcare, or data privacy compliance, with corresponding salary increases.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Southwest Virginia nonmetropolitan area area with a job density of 1.799 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 Virginia nonmetropolitan area