Average Compliance Officers Salary in Utica-Rome, NY
Compliance Officers in the Utica-Rome, NY area earn an average annual salary of $75,090. This figure is notably below the national average of $85,520, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this region.
Executive Summary
- Average Salary: $75,090 per year.
- Growth Trend: Salaries have shifted 32.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,470.
- Outlook: The Utica-Rome area supports a local workforce of 200 Compliance Officers, with a jobs-per-1,000-workers ratio of 1.693. While the total workforce size is modest, the concentration, indicated by a Location Quotient of 0.66, suggests that this role is less prevalent than the national average. This implies a stable, albeit not rapidly expanding, job market for compliance professionals in the region.
Salary Overview
The average Compliance Officers in Utica-Rome, NY earns-12.2%below the national average.
$36.1
$1,444
$6,258
Compliance Officers Salary Trends (2020-2024)
Over the past four years, it is generally assumed that salaries for Compliance Officers in Utica-Rome, as in many other regions, have experienced a steady upward trend. This growth is typically driven by increasing regulatory complexity, a greater emphasis on corporate governance, and the ongoing need for skilled professionals to navigate these evolving landscapes, leading to incremental salary increases.
Compliance Officers Salary Distribution in Utica-Rome, NY
Salary progression for Compliance Officers in Utica-Rome is closely tied to experience and expertise. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized knowledge and a proven track record can command significantly higher salaries. The widening gap between entry-level and senior-level compensation reflects the increasing value placed on experience and advanced compliance skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,500 | $21.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,318 | $27.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,960 | $30.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,863 | $45.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,470 | $55 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$75,090
Gross Pay
Real Wage (Purchasing Power)
$75,090
Adjusted for COL (100)
For professionals considering a move to Utica-Rome, the average salary of $75,090 aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the purchasing power of a Compliance Officer's salary in Utica-Rome is on par with the national standard, making it a financially neutral location in terms of living expenses relative to income.
Job Market Context
200
Total Jobs
1.693
Per 1K Jobs
0.66
Location Quotient
Utica-Rome, NY has 0.66x 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.
With a Location Quotient of 0.66, the Utica-Rome market for Compliance Officers is less concentrated than the national average. This indicates that while there is a presence of these roles, they are not as abundant relative to the overall workforce compared to other areas. This could translate to a less competitive job market for employers seeking talent, but potentially fewer opportunities for job seekers compared to more concentrated regions.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Syracuse, NY Compliance Officers Salary | $83,880↑ 12% | 46 mi |
| Southwest New York nonmetropolitan area Compliance Officers Salary | $79,260↑ 6% | 66 mi |
| Central East New York nonmetropolitan area Compliance Officers Salary | $71,950↓ 4% | 66 mi |
| Capital/Northern New York nonmetropolitan area Compliance Officers Salary | $89,110↑ 19% | 66 mi |
| Watertown-Fort Drum, NY Compliance Officers Salary | $88,260↑ 18% | 70 mi |
Comparing salaries near Utica-Rome, NY
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Utica-Rome, NY?
The median annual salary for a Compliance Officers in Utica-Rome, NY is $75,090. This typically ranges from $45,500 for entry-level positions to $114,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Utica-Rome, NY is 12.2% lower than the national median of $85,520.
Is Utica-Rome, NY a lucrative place for Compliance Officers?
No, not more lucrative than the national average.While the cost of living is average, the average salary for Compliance Officers in Utica-Rome is below the national average. The lower concentration of these roles also suggests a less robust market compared to national benchmarks.
Is Utica-Rome, NY a good place to live for Compliance Officers?
The Cost of Living Index in Utica-Rome, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Utica-Rome, NY?
Some top paying nearby cities include Syracuse, NY ($83,880) and Southwest New York nonmetropolitan area.
How does the Utica-Rome Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in Utica-Rome is $75,090, which is approximately $10,430 less than the national average of $85,520.
What is the Cost of Living in Utica-Rome, NY?
The Cost of Living Index in Utica-Rome is 100, which is exactly the same as the national average, indicating that the general cost of goods and services is comparable nationwide.
How concentrated is the Compliance Officer job market in Utica-Rome?
The job market for Compliance Officers in Utica-Rome is less concentrated than the national average, with a Location Quotient of 0.66. This means these roles are less prevalent locally compared to the rest of the country.
What does the Location Quotient of 0.66 signify for Compliance Officers in Utica-Rome?
A Location Quotient of 0.66 suggests that Compliance Officers are employed in Utica-Rome at a rate that is 34% lower than the national average relative to the overall workforce size.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Utica-Rome, NY area with a job density of 1.693 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 Utica-Rome, NY