Average Compliance Officers Salary in Spartanburg, SC
Compliance Officers in Spartanburg, SC, earn an average annual salary of $68,220. This figure falls below the national average of $85,520, indicating a localized pay scale influenced by regional economic factors and demand within the Spartanburg area. The specific economic landscape and industry concentration in Spartanburg play a significant role in shaping compensation for this vital role.
Executive Summary
- Average Salary: $68,220 per year.
- Growth Trend: Salaries have shifted 4.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $101,180.
- Outlook: The job market for Compliance Officers in Spartanburg, SC, shows a moderate level of activity, with a total local workforce of 210 individuals in this role. The Location Quotient of 0.49 suggests that while the profession is present, it is less concentrated than the national average, implying a potentially stable but not rapidly expanding demand. The presence of 1.26 jobs per 1,000 workers indicates a consistent, albeit not overwhelming, need for compliance expertise.
Salary Overview
The average Compliance Officers in Spartanburg, SC earns-20.2%below the national average.
$32.8
$1,312
$5,685
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Spartanburg is not provided, it is reasonable to assume that salaries for Compliance Officers nationwide and in similar regional markets have experienced steady growth over the past four years. This trend is generally driven by increasing regulatory complexity, a greater emphasis on corporate governance, and the ongoing need for skilled professionals to navigate these evolving landscapes, leading to upward pressure on compensation.
Compliance Officers Salary Distribution in Spartanburg, SC
Career progression for Compliance Officers in Spartanburg, SC, is typically marked by significant salary increases with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise, develop specialized skills, and take on more responsibility, their earning potential grows substantially. The salary distribution likely shows a clear upward trajectory from junior to senior roles, with experienced officers commanding higher compensation reflecting their value and proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,590 | $19 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,165 | $24.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,320 | $30 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $85,275 | $41 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $101,180 | $48.6 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$68,220
Gross Pay
Real Wage (Purchasing Power)
$68,220
Adjusted for COL (100)
With a Cost of Living Index of 100, Spartanburg, SC, is at the national average for living expenses. This means the nominal salary of $68,220 for Compliance Officers holds its purchasing power directly in line with the national standard. While the salary is lower than the national average, the cost of living parity suggests that the take-home pay offers a comparable lifestyle to what one might expect in a higher-paying, higher-cost-of-living area.
Job Market Context
210
Total Jobs
1.26
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Spartanburg, SC has a notably lower concentration of Compliance Officers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.49 for Compliance Officers in Spartanburg, SC, indicates that the profession is less concentrated locally compared to the national average. This suggests that the job market may be less saturated, potentially offering opportunities for skilled professionals. However, it also implies that the demand might be more niche, and the overall number of available positions is relatively lower than in more concentrated national hubs.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Greenville-Anderson-Greer, SC Compliance Officers Salary | $77,560↑ 14% | 26 mi |
| Asheville, NC Compliance Officers Salary | $73,410↑ 8% | 56 mi |
| Charlotte-Concord-Gastonia, NC-SC Compliance Officers Salary | $92,090↑ 35% | 64 mi |
| Hickory-Lenoir-Morganton, NC Compliance Officers Salary | $62,770↓ 8% | 65 mi |
| Columbia, SC Compliance Officers Salary | $76,510↑ 12% | 85 mi |
Comparing salaries near Spartanburg, SC
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Spartanburg, SC?
The median annual salary for a Compliance Officers in Spartanburg, SC is $68,220. This typically ranges from $39,590 for entry-level positions to $101,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Spartanburg, SC is 20.2% lower than the national median of $85,520.
Is Spartanburg, SC a lucrative place for Compliance Officers?
No, not compared to the national average.Compliance Officers in Spartanburg, SC, earn an average of $68,220, which is notably below the national average of $85,520. However, the local cost of living is at the national average, meaning the salary's purchasing power is standard.
Is Spartanburg, SC a good place to live for Compliance Officers?
The Cost of Living Index in Spartanburg, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Spartanburg, SC?
Some top paying nearby cities include Greenville-Anderson-Greer, SC ($77,560) and Asheville, NC.
How does Spartanburg's Compliance Officer salary compare to the national average?
The average salary for Compliance Officers in Spartanburg, SC, is $68,220, which is significantly lower than the national average of $85,520.
What is the concentration of Compliance Officers in Spartanburg, SC?
Spartanburg, SC, has a Location Quotient of 0.49 for Compliance Officers, meaning the profession is less concentrated locally than the national average.
How does the cost of living in Spartanburg, SC affect the salary?
Spartanburg, SC, has a Cost of Living Index of 100, which is the national average. This means the $68,220 salary has a purchasing power equivalent to the national standard.
What does the number of jobs per 1,000 workers suggest for Compliance Officers in Spartanburg, SC?
With 1.26 jobs per 1,000 workers, Spartanburg, SC, shows a consistent but not exceptionally high demand for Compliance Officers, indicating a stable 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 210 employees in the Spartanburg, SC area with a job density of 1.26 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 Spartanburg, SC