Average Compliance Officers Salary in Springfield, IL
Compliance Officers in Springfield, IL, earn an average annual salary of $77,330. This figure is approximately 9.6% below the national average of $85,520. Local market dynamics, including the specific industry mix and demand within the Springfield area, likely contribute to this differential.
Executive Summary
- Average Salary: $77,330 per year.
- Growth Trend: Salaries have shifted 22.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,660.
- Outlook: The job market for Compliance Officers in Springfield, IL, appears stable, with a total local workforce of 240 professionals. The Location Quotient of 0.92 suggests a concentration of these roles that is very close to the national average, indicating a consistent, albeit not exceptionally high, demand for compliance expertise within the region.
Salary Overview
The average Compliance Officers in Springfield, IL earns-9.6%below the national average.
$37.2
$1,487
$6,444
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Springfield, IL is not provided, it is reasonable to assume that salaries for Compliance Officers have experienced a steady upward trend over the past four years, mirroring national patterns. This growth is typically driven by increasing regulatory complexity and a greater emphasis on corporate governance across industries.
Compliance Officers Salary Distribution in Springfield, IL
Career progression for Compliance Officers in Springfield, IL, is marked by significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized knowledge and a proven track record can command salaries well into the upper percentiles, reflecting their increased value and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,760 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,998 | $27.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,280 | $32.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,663 | $46.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,660 | $56.1 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$77,330
Gross Pay
Real Wage (Purchasing Power)
$77,330
Adjusted for COL (100)
With an average annual salary of $77,330 and a Cost of Living Index of 100, Compliance Officers in Springfield, IL, find their nominal earnings align precisely with the national average cost of living. This means that while the salary is below the national average, the purchasing power of that salary is equivalent to the national average.
Job Market Context
240
Total Jobs
2.375
Per 1K Jobs
0.92
Location Quotient
Springfield, IL has 0.92x 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 0.92 for Compliance Officers in Springfield, IL, indicates that the concentration of these roles is slightly below the national average. This suggests that while the profession is present and necessary, the market is not oversaturated, offering a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Compliance Officers Salary | $70,090↓ 9% | 39 mi |
| West Central Illinois nonmetropolitan area Compliance Officers Salary | $65,720↓ 15% | 53 mi |
| East Central Illinois nonmetropolitan area Compliance Officers Salary | $74,130↓ 4% | 53 mi |
| Northwest Illinois nonmetropolitan area Compliance Officers Salary | $70,930↓ 8% | 53 mi |
| South Illinois nonmetropolitan area Compliance Officers Salary | $82,870↑ 7% | 53 mi |
Comparing salaries near Springfield, IL
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Springfield, IL?
The median annual salary for a Compliance Officers in Springfield, IL is $77,330. This typically ranges from $46,760 for entry-level positions to $116,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 9.6% lower than the national median of $85,520.
Is Springfield, IL a lucrative place for Compliance Officers?
No, not exceptionally lucrative compared to the national average.While the salary of $77,330 is substantial, it falls below the national average. However, the cost of living being at the national average means the purchasing power is comparable.
Is Springfield, IL a good place to live for Compliance Officers?
The Cost of Living Index in Springfield, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, IL?
Some top paying nearby cities include Decatur, IL ($70,090) and West Central Illinois nonmetropolitan area.
How does Springfield, IL compare to the national average for Compliance Officer salaries?
Compliance Officers in Springfield, IL, earn an average of $77,330 annually, which is approximately 9.6% less than the national average of $85,520.
What is the job market like for Compliance Officers in Springfield, IL?
The market is stable with a total of 240 Compliance Officers locally. The Location Quotient of 0.92 indicates a presence close to the national average concentration.
Does the cost of living in Springfield, IL affect the value of a Compliance Officer's salary?
No, the cost of living in Springfield, IL, is exactly at the national average (100), meaning the $77,330 salary has the same purchasing power as the national average salary.
How many Compliance Officer jobs are there per 1,000 workers in Springfield, IL?
There are approximately 2.375 Compliance Officer jobs per 1,000 workers in Springfield, IL, reflecting the local demand for these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Springfield, IL area with a job density of 2.375 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 Springfield, IL