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Average Compliance Officers Salary in Syracuse, NY

Compliance Officers in Syracuse, NY earn an average annual salary of $83,880, slightly below the national average of $85,520. This marginal difference can be attributed to the specific economic landscape and demand within the Syracuse metropolitan area, influencing compensation benchmarks for specialized roles.

Executive Summary

  • Average Salary: $83,880 per year.
  • Growth Trend: Salaries have shifted 24.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $126,800.
  • Outlook: With a local workforce of 520 Compliance Officers, Syracuse presents a moderately concentrated market. The Location Quotient of 0.69 suggests that while the profession is present, it is not as heavily concentrated as the national average, indicating a stable but not explosive demand for these professionals.
2024 Market Data

Salary Overview

$83,880

The average Compliance Officers in Syracuse, NY earns-1.9%below the national average.

BreakdownBased on 40h/week
Hourly

$40.3

Weekly

$1,613

Monthly

$6,990

Compliance Officers Salary Distribution in Syracuse, NY

The salary spectrum for Compliance Officers in Syracuse significantly widens with experience. Entry-level positions may start closer to the lower end, while seasoned professionals with extensive expertise and a proven track record can command salaries well above the average, reflecting the value of their specialized knowledge and responsibilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$49,380$23.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$62,910$30.2
ManagerOversees team, compliance, and project delivery.50% (Median)$77,090$37.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$104,850$50.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$126,800$61

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$83,880

Gross Pay

Real Wage (Purchasing Power)

$83,880

Adjusted for COL (100)

The average annual salary of $83,880 in Syracuse aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Compliance Officer's salary in Syracuse is equivalent to the national average, offering a stable financial environment for residents.

Job Market Context

520

Total Jobs

1.769

Per 1K Jobs

0.69

Location Quotient

Below Average

Syracuse, NY has 0.69x 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 0.69 indicates that Compliance Officers are less concentrated in Syracuse compared to the national average. This suggests that while there is a consistent need for these roles, the market is not saturated, potentially offering good opportunities for skilled individuals seeking employment in the region.

Nearby Job Markets

Nearby Cities for Compliance Officers

CitySalaryDist.
Ithaca, NY Compliance Officers Salary$80,710↓ 4%45 mi
Utica-Rome, NY Compliance Officers Salary$75,090↓ 10%46 mi
Watertown-Fort Drum, NY Compliance Officers Salary$88,260↑ 5%66 mi
Binghamton, NY Compliance Officers Salary$84,090↑ 0%66 mi
Elmira, NY Compliance Officers Salary$73,320↓ 13%74 mi

Comparing salaries near Syracuse, NY

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in Syracuse, NY?

The median annual salary for a Compliance Officers in Syracuse, NY is $83,880. This typically ranges from $49,380 for entry-level positions to $126,800 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Syracuse, NY is 1.9% lower than the national median of $85,520.

Is Syracuse, NY a lucrative place for Compliance Officers?

Yes, Syracuse offers a competitive salary for Compliance Officers.The average salary of $83,880 is strong, and with a cost of living at the national average, the purchasing power remains robust.

Is Syracuse, NY a good place to live for Compliance Officers?

The Cost of Living Index in Syracuse, NY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Syracuse, NY?

Some top paying nearby cities include Ithaca, NY ($80,710) and Utica-Rome, NY.

How does Syracuse compare to the national average salary for Compliance Officers?

Compliance Officers in Syracuse earn an average of $83,880 annually, which is slightly lower than the national average of $85,520.

What is the concentration of Compliance Officers in Syracuse?

Syracuse has a Location Quotient of 0.69 for Compliance Officers, indicating a lower concentration compared to the national average.

How does the cost of living in Syracuse affect a Compliance Officer's salary?

Syracuse has a cost of living index of 100, which is the national average. This means the $83,880 salary offers purchasing power equivalent to the national average.

What does the total local workforce number mean for Compliance Officers in Syracuse?

With a total local workforce of 520 Compliance Officers, it signifies a notable presence of the profession within the Syracuse 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 520 employees in the Syracuse, NY area with a job density of 1.769 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Syracuse, NY