Average Compliance Officers Salary in Virginia Beach-Chesapeake-Norfolk, VA-NC
Compliance Officers in the Virginia Beach-Chesapeake-Norfolk, VA-NC area earn an average annual salary of $77,310. This figure is notably below the national average of $85,520, suggesting that while the demand exists, local market dynamics and potentially other economic factors influence compensation in this specific region. The cost of living parity, however, offers a different perspective on the actual value of this salary.
Executive Summary
- Average Salary: $77,310 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,340.
- Outlook: The Virginia Beach-Chesapeake-Norfolk, VA-NC metropolitan area supports a substantial workforce of 2,270 Compliance Officers. With a Location Quotient of 1.17, this indicates a concentration of these roles slightly above the national average, suggesting a robust and potentially growing demand for compliance expertise within the region. The presence of 3.008 jobs per 1,000 workers further underscores the established presence and ongoing need for this profession.
Salary Overview
The average Compliance Officers in Virginia Beach-Chesapeake-Norfolk, VA-NC earns-9.6%below the national average.
$37.2
$1,487
$6,443
Compliance Officers Salary Trends (2020-2024)
While specific historical data for this locality isn't provided, it's reasonable to assume that salaries for Compliance Officers in the Virginia Beach-Chesapeake-Norfolk, VA-NC area have experienced a gradual upward trend over the past four years, mirroring national patterns. Economic shifts, evolving regulatory landscapes, and increased demand for specialized compliance skills typically drive modest annual salary increases in professional fields.
Compliance Officers Salary Distribution in Virginia Beach-Chesapeake-Norfolk, VA-NC
Career progression for Compliance Officers in this region, as elsewhere, is typically marked by significant salary increases with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized knowledge and proven track records can command substantially higher salaries. The percentile gaps in compensation clearly signify the value placed on accumulated expertise and demonstrated success in navigating complex compliance environments.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,530 | $21.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,983 | $27.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,930 | $36 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,638 | $46.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,340 | $55.5 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$77,310
Gross Pay
Real Wage (Purchasing Power)
$77,310
Adjusted for COL (100)
The nominal average salary of $77,310 for Compliance Officers in Virginia Beach-Chesapeake-Norfolk, VA-NC aligns perfectly with the national average cost of living (100). This means that the purchasing power of the salary in this region is equivalent to the national average, making it neither a particularly expensive nor an exceptionally affordable place to live relative to national standards.
Job Market Context
2,270
Total Jobs
3.008
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Virginia Beach-Chesapeake-Norfolk, VA-NC has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.17 signifies that Compliance Officers are 17% more concentrated in the Virginia Beach-Chesapeake-Norfolk, VA-NC area than the national average. This suggests a slightly more competitive job market or a higher demand relative to the overall workforce compared to other regions, indicating that the area is a significant hub for this profession.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Richmond, VA Compliance Officers Salary | $78,510↑ 2% | 96 mi |
Comparing salaries near Virginia Beach-Chesapeake-Norfolk, VA-NC
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Virginia Beach-Chesapeake-Norfolk, VA-NC?
The median annual salary for a Compliance Officers in Virginia Beach-Chesapeake-Norfolk, VA-NC is $77,310. This typically ranges from $44,530 for entry-level positions to $115,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia Beach-Chesapeake-Norfolk, VA-NC is 9.6% lower than the national median of $85,520.
Is Virginia Beach-Chesapeake-Norfolk, VA-NC a lucrative place for Compliance Officers?
No, not exceptionally lucrative compared to the national average.While the salary of $77,310 is respectable, it falls below the national average of $85,520. However, the cost of living being at the national average means the salary's purchasing power is on par nationally.
Is Virginia Beach-Chesapeake-Norfolk, VA-NC a good place to live for Compliance Officers?
The Cost of Living Index in Virginia Beach-Chesapeake-Norfolk, VA-NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia Beach-Chesapeake-Norfolk, VA-NC?
Some top paying nearby cities include Richmond, VA ($78,510) and others.
How does the Virginia Beach-Chesapeake-Norfolk, VA-NC salary compare to the national average?
The average salary for Compliance Officers in Virginia Beach-Chesapeake-Norfolk, VA-NC is $77,310, which is lower than the national average of $85,520.
What is the concentration of Compliance Officers in this area?
The concentration, measured by the Location Quotient, is 1.17, indicating a slightly higher presence of Compliance Officers in this region compared to the national average.
How does the cost of living affect the salary in Virginia Beach-Chesapeake-Norfolk, VA-NC?
The cost of living index is 100, which is the national average. This means the $77,310 salary has the same purchasing power as the national average salary.
What is the total number of Compliance Officers in the Virginia Beach-Chesapeake-Norfolk, VA-NC area?
There are approximately 2,270 Compliance Officers employed in the Virginia Beach-Chesapeake-Norfolk, VA-NC metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,270 employees in the Virginia Beach-Chesapeake-Norfolk, VA-NC area with a job density of 3.008 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 Virginia Beach-Chesapeake-Norfolk, VA-NC