Average Compliance Officers Salary in Waterbury-Shelton, CT
Compliance Officers in the Waterbury-Shelton, CT area earn an average annual salary of $82,590. This figure is slightly below the national average of $85,520, suggesting a localized compensation structure influenced by regional economic factors and industry demand within Connecticut. While not reaching the national benchmark, this salary reflects the essential role compliance professionals play in the local business landscape.
Executive Summary
- Average Salary: $82,590 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,830.
- Outlook: The Waterbury-Shelton, CT market for Compliance Officers is moderately sized, with a total local workforce of 250 professionals. The Location Quotient of 0.61 indicates a slightly lower concentration of these roles compared to the national average. This suggests a stable, albeit not exceptionally high, demand for compliance expertise within the region, with opportunities likely tied to the specific industries prevalent in the area.
Salary Overview
The average Compliance Officers in Waterbury-Shelton, CT earns-3.4%below the national average.
$39.7
$1,588
$6,883
Compliance Officers Salary Trends (2020-2024)
While specific historical data for Waterbury-Shelton, CT is not provided, it is generally assumed that the field of compliance has experienced consistent growth over the past four years, driven by evolving regulatory landscapes and increasing corporate accountability. This trend likely translates to modest salary increases for Compliance Officers in the region, mirroring national patterns of professional development and demand.
Compliance Officers Salary Distribution in Waterbury-Shelton, CT
Salary progression for Compliance Officers in Waterbury-Shelton, CT, typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized knowledge and a proven track record can command salaries significantly higher than the average. The widening gap between entry-level and senior-level salaries signifies clear career advancement opportunities within the compliance field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,980 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,943 | $29.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,580 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,238 | $49.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,830 | $60.5 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$82,590
Gross Pay
Real Wage (Purchasing Power)
$82,590
Adjusted for COL (100)
The average annual salary of $82,590 in Waterbury-Shelton, CT, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers a purchasing power equivalent to the national average, providing a stable financial footing for residents without the added financial pressure of a higher cost of living.
Job Market Context
250
Total Jobs
1.576
Per 1K Jobs
0.61
Location Quotient
Waterbury-Shelton, CT has 0.61x 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 0.61, the Waterbury-Shelton, CT market for Compliance Officers is less concentrated than the national average. This suggests that while the demand exists, the pool of available talent might be smaller relative to other regions. This could present opportunities for skilled professionals, but also indicates that the market may not be saturated with compliance roles.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Compliance Officers Salary | $81,380↓ 1% | 15 mi |
| New Haven, CT Compliance Officers Salary | $99,200↑ 20% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Compliance Officers Salary | $91,860↑ 11% | 23 mi |
| Bridgeport-Stamford-Danbury, CT Compliance Officers Salary | $100,620↑ 22% | 27 mi |
| Springfield, MA Compliance Officers Salary | $83,140↑ 1% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
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Frequently Asked Questions
How much does a Compliance Officers make in Waterbury-Shelton, CT?
The median annual salary for a Compliance Officers in Waterbury-Shelton, CT is $82,590. This typically ranges from $46,980 for entry-level positions to $125,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 3.4% lower than the national median of $85,520.
Is Waterbury-Shelton, CT a lucrative place for Compliance Officers?
No, not exceptionally lucrative compared to the national average.The average salary of $82,590 is below the national average of $85,520, and the location quotient suggests a lower concentration of these roles.
Is Waterbury-Shelton, CT a good place to live for Compliance Officers?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($81,380) and New Haven, CT.
How does the Waterbury-Shelton, CT salary compare to the national average?
The average annual salary for Compliance Officers in Waterbury-Shelton, CT, is $82,590, which is slightly lower than the national average of $85,520.
What is the Cost of Living in Waterbury-Shelton, CT for Compliance Officers?
The Cost of Living Index in Waterbury-Shelton, CT, is 100, which is exactly the national average. This means your $82,590 salary has the same purchasing power as the national average salary.
How many Compliance Officers are there in Waterbury-Shelton, CT?
There are approximately 250 Compliance Officers working in the Waterbury-Shelton, CT area.
Is the job market for Compliance Officers strong in Waterbury-Shelton, CT?
The market is stable with a moderate number of professionals. The Location Quotient of 0.61 indicates a lower concentration than the national average, suggesting steady but not explosive demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Waterbury-Shelton, CT area with a job density of 1.576 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 Waterbury-Shelton, CT