Average Compliance Officers Salary in Washington
Compliance Officers in Washington State command an impressive average annual salary of $93,560, notably exceeding the national average of $85,520. This premium is largely attributed to Washington's robust economic landscape and the specialized regulatory environment that necessitates a higher caliber of compliance expertise.
Executive Summary
- Average Salary: $93,560 per year.
- Growth Trend: Salaries have shifted 24.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,840.
- Outlook: With a substantial local workforce of 10,820 Compliance Officers and a Location Quotient of 1.19, Washington demonstrates a strong and slightly concentrated demand for these professionals. The figure of 3.058 jobs per 1,000 workers further underscores a healthy job market, indicating consistent opportunities for skilled individuals in this field.
Salary Overview
The average Compliance Officers in Washington earns+9.4%above the national average.
$45
$1,799
$7,797
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Compliance Officers in Washington have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving regulatory landscapes, increased complexity in financial and corporate governance, and a growing emphasis on risk management likely contribute to upward salary pressure.
Compliance Officers Salary Distribution in Washington
Career progression for Compliance Officers in Washington typically involves a significant salary increase 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 salaries well into the upper percentiles, reflecting the value of their expertise and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,670 | $27.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,170 | $33.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,200 | $41.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,950 | $56.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $138,840 | $66.8 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$93,560
Gross Pay
Real Wage (Purchasing Power)
$81,286
Adjusted for COL (115.1)
While the average salary of $93,560 is attractive, it's crucial to consider Washington's Cost of Living Index of 115.1, which is 15.1% higher than the national average. This means that while the nominal salary is higher, the purchasing power of that salary will be somewhat diminished compared to living in a more average-cost region.
Job Market Context
10,820
Total Jobs
3.058
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Washington has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.
A Location Quotient of 1.19 indicates that Compliance Officers are more concentrated in Washington than the national average. This suggests a robust and potentially competitive market, where employers may actively seek out talent, but also where a larger pool of qualified candidates exists, potentially influencing negotiation dynamics.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Compliance Officers Salary | $98,690↑ 5% | 42 mi |
| Wenatchee-East Wenatchee, WA Compliance Officers Salary | $83,520↓ 11% | 54 mi |
| Bremerton-Silverdale-Port Orchard, WA Compliance Officers Salary | $78,270↓ 16% | 58 mi |
| Olympia-Lacey-Tumwater, WA Compliance Officers Salary | $87,720↓ 6% | 70 mi |
| Yakima, WA Compliance Officers Salary | $82,730↓ 12% | 71 mi |
Comparing salaries near Washington
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Washington?
The median annual salary for a Compliance Officers in Washington is $93,560. This typically ranges from $56,670 for entry-level positions to $138,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington is 9.4% higher than the national median of $85,520.
Is Washington a lucrative place for Compliance Officers?
Yes, Washington is a lucrative state for Compliance Officers.The average salary significantly surpasses the national average, and the job market shows a healthy concentration of opportunities.
Is Washington a good place to live for Compliance Officers?
The Cost of Living Index in Washington is 115.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($98,690) and Wenatchee-East Wenatchee, WA.
How does Washington's average Compliance Officer salary compare to the national average?
Compliance Officers in Washington earn an average of $93,560 annually, which is $8,040 more than the national average of $85,520.
What is the significance of Washington's Location Quotient for Compliance Officers?
A Location Quotient of 1.19 means that Compliance Officers are 19% more concentrated in Washington compared to the national average, indicating a stronger presence and demand for the role in the state.
How does the cost of living in Washington affect the Compliance Officer salary?
With a Cost of Living Index of 115.1, Washington is more expensive than the national average. While the salary is higher, the increased cost of living should be factored into the overall financial picture.
What is the total number of Compliance Officers employed in Washington?
There are approximately 10,820 Compliance Officers employed in Washington State, reflecting a substantial professional community.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,820 employees in the Washington area with a job density of 3.058 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Compliance Officers Salaries by State
Top Jobs in Washington
- All Occupations Salary in Washington
- Office and Administrative Support Occupations Salary in Washington
- Sales and Related Occupations Salary in Washington
- Business and Financial Operations Occupations Salary in Washington
- Food Preparation and Serving Related Occupations Salary in Washington
- Transportation and Material Moving Occupations Salary in Washington
- Computer and Mathematical Occupations Salary in Washington
- Educational Instruction and Library Occupations Salary in Washington
- Management Occupations Salary in Washington
- Healthcare Practitioners and Technical Occupations Salary in Washington
- Browse All Jobs in Washington →
Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in Washington