Average Compliance Officers Salary in Toledo, OH
Compliance Officers in Toledo, OH earn an average annual salary of $79,030. This figure is slightly below the national average of $85,520, reflecting localized economic factors and demand within the Toledo metropolitan area. While the nominal salary might appear lower, it's crucial to consider the context of the local job market and cost of living.
Executive Summary
- Average Salary: $79,030 per year.
- Growth Trend: Salaries have shifted 9.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,450.
- Outlook: The Toledo job market for Compliance Officers is moderately sized, with a total local workforce of 420 individuals in this role. The Location Quotient of 0.55 indicates that Compliance Officers are less concentrated in Toledo compared to the national average, suggesting a potentially stable but not overly saturated demand for these professionals.
Salary Overview
The average Compliance Officers in Toledo, OH earns-7.6%below the national average.
$38
$1,520
$6,586
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Toledo is not provided, it is generally assumed that salaries for Compliance Officers nationwide have experienced steady growth over the past four years, driven by increasing regulatory complexity and the ongoing need for robust compliance functions across industries. This trend likely extends to Toledo, with potential for salary increases aligning with broader economic and industry developments.
Compliance Officers Salary Distribution in Toledo, OH
Career progression for Compliance Officers typically involves a significant salary increase from entry-level to senior positions. The difference in earnings between junior and experienced professionals can be substantial, with senior roles commanding higher compensation due to accumulated expertise, broader responsibilities, and specialized knowledge. These percentile gaps in salary are indicative of a clear career ladder within the compliance field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,420 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,273 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,190 | $35.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,788 | $47.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,450 | $59.8 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$79,030
Gross Pay
Real Wage (Purchasing Power)
$79,030
Adjusted for COL (100)
With an average annual salary of $79,030 and a Cost of Living Index of 100 (which is precisely the national average), Compliance Officers in Toledo experience a salary that aligns directly with the national cost of living. This means that the purchasing power of their income in Toledo is comparable to the national average, offering a balanced financial landscape for residents.
Job Market Context
420
Total Jobs
1.429
Per 1K Jobs
0.55
Location Quotient
Toledo, OH has 0.55x 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 0.55 for Compliance Officers in Toledo suggests that the profession is less prevalent locally than the national average. This indicates a market that is not oversaturated, potentially offering good opportunities for skilled professionals, but also implies that the overall demand might be more measured compared to regions with a higher concentration of these roles.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Compliance Officers Salary | $69,240↓ 12% | 20 mi |
| Ann Arbor, MI Compliance Officers Salary | $92,200↑ 17% | 43 mi |
| Sandusky, OH Compliance Officers Salary | $76,680↓ 3% | 48 mi |
| Detroit-Warren-Dearborn, MI Compliance Officers Salary | $83,210↑ 5% | 54 mi |
| Jackson, MI Compliance Officers Salary | $78,040↓ 1% | 58 mi |
Comparing salaries near Toledo, OH
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Toledo, OH?
The median annual salary for a Compliance Officers in Toledo, OH is $79,030. This typically ranges from $41,420 for entry-level positions to $124,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 7.6% lower than the national median of $85,520.
Is Toledo, OH a lucrative place for Compliance Officers?
No, but it offers balanced living.While the average salary of $79,030 is below the national average, the Cost of Living Index of 100 means your purchasing power is on par with the national average.
Is Toledo, OH a good place to live for Compliance Officers?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Monroe, MI ($69,240) and Ann Arbor, MI.
How does Toledo's Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Toledo, OH is $79,030, which is approximately $6,490 less than the national average of $85,520.
What is the concentration of Compliance Officers in Toledo?
Toledo has a Location Quotient of 0.55 for Compliance Officers, meaning the profession is less concentrated locally than the national average.
How does the Cost of Living in Toledo affect salary perception?
With a Cost of Living Index of 100, Toledo's cost of living is exactly at the national average, making the $79,030 salary's purchasing power equivalent to the national average.
What does the job market size suggest for Compliance Officers in Toledo?
A local workforce of 420 Compliance Officers indicates a moderate market size, suggesting stable but not exceptionally high demand compared to national trends.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Toledo, OH area with a job density of 1.429 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 Toledo, OH