Average Compliance Officers Salary in Springfield, MA
Compliance Officers in Springfield, MA, earn an average annual salary of $83,140. This figure is slightly below the national average of $85,520, indicating a localized compensation structure that may be influenced by regional economic factors and the specific demand within the Springfield area.
Executive Summary
- Average Salary: $83,140 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,200.
- Outlook: Springfield, MA, hosts a dedicated workforce of 390 Compliance Officers. With a Location Quotient of 0.75, the concentration of these roles is slightly below the national average, suggesting a stable but not overly saturated job market. The presence of 1.941 jobs per 1,000 workers indicates a consistent demand for compliance expertise within the local economy.
Salary Overview
The average Compliance Officers in Springfield, MA earns-2.8%below the national average.
$40
$1,599
$6,928
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Springfield is not provided, it is reasonable to assume that salaries for Compliance Officers nationwide and in similar metropolitan areas have experienced steady growth over the past four years. This trend is driven by increasing regulatory complexity and the critical need for skilled professionals to navigate these evolving landscapes.
Compliance Officers Salary Distribution in Springfield, MA
Career progression for Compliance Officers in Springfield, MA, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized knowledge can command salaries in the higher percentiles, reflecting their increased value and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,790 | $21.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,355 | $30 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,570 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,925 | $50 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,200 | $60.2 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$83,140
Gross Pay
Real Wage (Purchasing Power)
$83,140
Adjusted for COL (100)
The average annual salary of $83,140 in Springfield, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Compliance Officer's salary in Springfield is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
390
Total Jobs
1.941
Per 1K Jobs
0.75
Location Quotient
Springfield, MA has 0.75x 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.
A Location Quotient of 0.75 for Compliance Officers in Springfield, MA, suggests that the profession is slightly less concentrated than the national average. This indicates that while the demand is present, the market may offer fewer opportunities compared to national hubs, potentially leading to a more competitive environment for job seekers or a more specialized niche for established professionals.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Amherst Town-Northampton, MA Compliance Officers Salary | $82,120↓ 1% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Compliance Officers Salary | $91,860↑ 10% | 25 mi |
| Connecticut nonmetropolitan area Compliance Officers Salary | $81,380↓ 2% | 37 mi |
| Worcester, MA Compliance Officers Salary | $87,830↑ 6% | 39 mi |
| Pittsfield, MA Compliance Officers Salary | $76,800↓ 8% | 44 mi |
Comparing salaries near Springfield, MA
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Springfield, MA?
The median annual salary for a Compliance Officers in Springfield, MA is $83,140. This typically ranges from $43,790 for entry-level positions to $125,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 2.8% lower than the national median of $85,520.
Is Springfield, MA a lucrative place for Compliance Officerss?
Yes, but with caveats.Compliance Officers in Springfield earn $83,140, which matches the national cost of living. While slightly below the national average salary, it offers comparable purchasing power.
Is Springfield, MA a good place to live for Compliance Officers?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($82,120) and Hartford-West Hartford-East Hartford, CT.
What is the average salary for a Compliance Officer in Springfield, MA?
The average annual salary for a Compliance Officer in Springfield, MA is $83,140.
How does the Springfield salary compare to the national average?
The average salary in Springfield ($83,140) is slightly lower than the national average ($85,520).
What does the Location Quotient of 0.75 mean for Compliance Officers in Springfield?
A Location Quotient of 0.75 indicates that Compliance Officers are slightly less concentrated in Springfield compared to the national average, suggesting a stable but potentially less saturated job market.
How does the cost of living in Springfield affect the Compliance Officer salary?
With a Cost of Living Index of 100, Springfield's cost of living is at the national average, meaning the $83,140 salary offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Springfield, MA area with a job density of 1.941 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, MA