Average Compliance Officers Salary in Upper Peninsula of Michigan nonmetropolitan area
Compliance Officers in the Upper Peninsula of Michigan earn an average annual salary of $75,540. This figure is notably below the national average of $85,520, reflecting regional economic factors and the specific demand dynamics within this nonmetropolitan area. The localized nature of industries and the overall economic structure of the Upper Peninsula contribute to this salary differential compared to broader national benchmarks.
Executive Summary
- Average Salary: $75,540 per year.
- Growth Trend: Salaries have shifted 2.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,240.
- Outlook: The job market for Compliance Officers in the Upper Peninsula of Michigan appears stable, with a total local workforce of 270 individuals in this role. The Location Quotient of 0.95 suggests a concentration of these professionals that is nearly on par with the national average, indicating a consistent, albeit not exceptionally high, demand for their expertise within the region's economic landscape.
Salary Overview
The average Compliance Officers in Upper Peninsula of Michigan nonmetropolitan area earns-11.7%below the national average.
$36.3
$1,453
$6,295
Compliance Officers Salary Trends (2020-2024)
While specific historical data for the Upper Peninsula is not provided, it is reasonable to assume that salaries for Compliance Officers have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, evolving regulatory environments, and increasing complexity in compliance requirements typically drive modest annual salary increases for experienced professionals in this field.
Compliance Officers Salary Distribution in Upper Peninsula of Michigan nonmetropolitan area
Career progression for Compliance Officers in the Upper Peninsula typically involves a salary increase commensurate with experience. Entry-level positions may start at a lower percentile, while senior Compliance Officers with extensive expertise and a proven track record can command salaries significantly higher than the average. The gap between entry-level and senior roles highlights the value placed on accumulated knowledge and strategic oversight in compliance functions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,030 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,655 | $27.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,570 | $33.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,425 | $45.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,240 | $51.6 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$75,540
Gross Pay
Real Wage (Purchasing Power)
$75,540
Adjusted for COL (100)
With a Cost of Living Index of 100, the Upper Peninsula of Michigan offers a cost of living that is exactly at the national average. Therefore, the nominal salary of $75,540 for Compliance Officers holds its purchasing power directly in line with the national median, meaning that the take-home pay offers a comparable lifestyle to what one might expect in a national average cost-of-living area.
Job Market Context
270
Total Jobs
2.444
Per 1K Jobs
0.95
Location Quotient
Upper Peninsula of Michigan nonmetropolitan area has 0.95x 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 0.95 indicates that Compliance Officers are present in the Upper Peninsula of Michigan at a concentration very close to the national average. This suggests a balanced job market where the supply of professionals aligns reasonably well with the demand from local industries, without significant oversupply or undersupply of talent.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Midland, MI Compliance Officers Salary | $78,900↑ 4% | 26 mi |
| Saginaw, MI Compliance Officers Salary | $63,920↓ 15% | 30 mi |
| Bay City, MI Compliance Officers Salary | $64,850↓ 14% | 37 mi |
| Lansing-East Lansing, MI Compliance Officers Salary | $76,700↑ 2% | 42 mi |
| Flint, MI Compliance Officers Salary | $67,950↓ 10% | 47 mi |
Comparing salaries near Upper Peninsula of Michigan nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Upper Peninsula of Michigan nonmetropolitan area?
The median annual salary for a Compliance Officers in Upper Peninsula of Michigan nonmetropolitan area is $75,540. This typically ranges from $46,030 for entry-level positions to $107,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Upper Peninsula of Michigan nonmetropolitan area is 11.7% lower than the national median of $85,520.
Is Upper Peninsula of Michigan nonmetropolitan area a lucrative place for Compliance Officers?
No, it is not as lucrative as the national average.Compliance Officers in this region earn approximately $10,000 less than the national average salary. However, the cost of living is also at the national average, mitigating some of the impact of the lower nominal wage.
Is Upper Peninsula of Michigan nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Upper Peninsula of Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Upper Peninsula of Michigan nonmetropolitan area?
Some top paying nearby cities include Midland, MI ($78,900) and Saginaw, MI.
How does the Upper Peninsula's Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in the Upper Peninsula of Michigan is $75,540, which is below the national average of $85,520.
What is the concentration of Compliance Officers in the Upper Peninsula?
The concentration, measured by the Location Quotient, is 0.95, indicating that the presence of Compliance Officers in this region is nearly equivalent to the national average.
How does the cost of living affect the salary in the Upper Peninsula?
The Cost of Living Index is 100, meaning it is the same as the national average. Therefore, the $75,540 salary has the same purchasing power as it would in a national average cost-of-living area.
What is the total number of Compliance Officers in the Upper Peninsula?
There are approximately 270 Compliance Officers employed in the Upper Peninsula of Michigan.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Upper Peninsula of Michigan nonmetropolitan area area with a job density of 2.444 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 Upper Peninsula of Michigan nonmetropolitan area