Average Compliance Officers Salary in Waco, TX
Compliance Officers in Waco, TX earn an average annual salary of $60,530. This figure is notably below the national average of $85,520, reflecting regional economic factors and the specific demand within the Waco labor market. Localized economic conditions and industry concentration significantly influence compensation levels for this critical role.
Executive Summary
- Average Salary: $60,530 per year.
- Growth Trend: Salaries have shifted 3.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $94,170.
- Outlook: Waco, TX supports a local workforce of 390 Compliance Officers, with a concentration quotient of 1.16, indicating a slightly higher presence than the national average. The rate of 3.003 jobs per 1,000 workers suggests a stable, albeit not rapidly expanding, demand for these professionals within the region. This suggests a consistent need for compliance expertise in Waco's business environment.
Salary Overview
The average Compliance Officers in Waco, TX earns-29.2%below the national average.
$29.1
$1,164
$5,044
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is reasonable to assume that salaries for Compliance Officers in the region have experienced gradual growth over the past four years, mirroring national trends. Economic shifts and evolving regulatory landscapes typically drive modest annual increases in compensation for specialized roles like compliance.
Compliance Officers Salary Distribution in Waco, TX
Salary progression for Compliance Officers in Waco, TX, is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior Compliance Officers, with extensive experience and specialized knowledge, can command significantly higher salaries. The widening gap between entry-level and senior compensation percentiles reflects the value placed on seasoned professionals in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,730 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $45,398 | $21.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $54,560 | $26.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $75,663 | $36.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $94,170 | $45.3 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$60,530
Gross Pay
Real Wage (Purchasing Power)
$60,530
Adjusted for COL (100)
The average annual salary of $60,530 in Waco, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the cost of living does not significantly diminish the real value of the income earned by Compliance Officers in this city.
Job Market Context
390
Total Jobs
3.003
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Waco, TX has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
With a Location Quotient of 1.16, Waco, TX, demonstrates a slightly higher concentration of Compliance Officers compared to the national average. This suggests a moderately competitive market where the demand for these professionals is present and perhaps slightly more pronounced than in other areas. While not a major hub, Waco offers a stable environment for compliance careers.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Compliance Officers Salary | $70,440↑ 16% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Compliance Officers Salary | $72,260↑ 19% | 41 mi |
| Hill Country Region of Texas nonmetropolitan area Compliance Officers Salary | $73,340↑ 21% | 41 mi |
| Coastal Plains Region of Texas nonmetropolitan area Compliance Officers Salary | $83,630↑ 38% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Compliance Officers Salary | $65,190↑ 8% | 41 mi |
Comparing salaries near Waco, TX
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Waco, TX?
The median annual salary for a Compliance Officers in Waco, TX is $60,530. This typically ranges from $37,730 for entry-level positions to $94,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 29.2% lower than the national median of $85,520.
Is Waco, TX a lucrative place for Compliance Officers?
No, but it offers stable opportunities.While the average salary of $60,530 is below the national average, the Cost of Living Index of 100 means your earnings have average purchasing power. The slightly above-average concentration suggests consistent local demand.
Is Waco, TX a good place to live for Compliance Officers?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($70,440) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's Compliance Officer salary compare to the national average?
Compliance Officers in Waco, TX, earn an average of $60,530 annually, which is significantly lower than the national average of $85,520.
What is the job market like for Compliance Officers in Waco, TX?
Waco has a local workforce of 390 Compliance Officers and a Location Quotient of 1.16, indicating a slightly higher concentration than the national average, suggesting a stable job market.
Does the cost of living in Waco affect the value of a Compliance Officer's salary?
No, the Cost of Living Index in Waco is 100, which is the national average. Therefore, the $60,530 salary has average purchasing power locally.
How many Compliance Officer jobs are there per 1,000 workers in Waco, TX?
There are approximately 3.003 Compliance Officer jobs per 1,000 workers in Waco, TX.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Waco, TX area with a job density of 3.003 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 Waco, TX