Average Compliance Officers Salary in Watertown-Fort Drum, NY
Compliance Officers in Watertown-Fort Drum, NY, earn an impressive average annual salary of $88,260. This figure notably surpasses the national average of $85,520, indicating a strong demand and potentially higher value placed on these professionals within the local economic landscape. The specific economic drivers and industry concentration in the Watertown-Fort Drum area likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $88,260 per year.
- Growth Trend: Salaries have shifted 35.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,010.
- Outlook: The job market for Compliance Officers in Watertown-Fort Drum, NY, appears robust, supported by a local workforce of 210 professionals. The Location Quotient of 2.1 signifies that this role is more than twice as concentrated in Watertown-Fort Drum compared to the national average, suggesting a sustained and potentially growing demand for these specialized skills within the region.
Salary Overview
The average Compliance Officers in Watertown-Fort Drum, NY earns+3.2%above the national average.
$42.4
$1,697
$7,355
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in Watertown-Fort Drum, NY, have experienced steady growth over the past four years, mirroring national trends. Economic shifts, evolving regulatory landscapes, and increased emphasis on compliance functions typically drive upward salary adjustments for these critical roles.
Compliance Officers Salary Distribution in Watertown-Fort Drum, NY
Career progression for Compliance Officers typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized knowledge can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the accumulation of valuable skills and responsibilities over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,730 | $26.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,195 | $31.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $89,860 | $43.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,325 | $53 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $110,010 | $52.9 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$88,260
Gross Pay
Real Wage (Purchasing Power)
$88,260
Adjusted for COL (100)
The average annual salary of $88,260 in Watertown-Fort Drum, NY, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Compliance Officer's salary in this region is equivalent to the national standard, offering a stable financial environment for those considering a move.
Job Market Context
210
Total Jobs
5.422
Per 1K Jobs
2.1
Location Quotient
Watertown-Fort Drum, NY has 2.1x the national concentration of Compliance Officers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 2.1, Watertown-Fort Drum, NY, exhibits a significantly higher concentration of Compliance Officers than the national average. This suggests a competitive market where employers may need to offer attractive compensation to secure and retain talent, while also indicating a strong ecosystem of compliance-related expertise within the area.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Syracuse, NY Compliance Officers Salary | $83,880↓ 5% | 66 mi |
| Utica-Rome, NY Compliance Officers Salary | $75,090↓ 15% | 70 mi |
Comparing salaries near Watertown-Fort Drum, NY
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Watertown-Fort Drum, NY?
The median annual salary for a Compliance Officers in Watertown-Fort Drum, NY is $88,260. This typically ranges from $55,730 for entry-level positions to $110,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Watertown-Fort Drum, NY is 3.2% higher than the national median of $85,520.
Is Watertown-Fort Drum, NY a lucrative place for Compliance Officerss?
Yes, it is a lucrative place for Compliance Officers.Compliance Officers in Watertown-Fort Drum, NY, earn an average of $88,260 annually, which is higher than the national average. Coupled with a cost of living that matches the national average, this salary offers strong purchasing power.
Is Watertown-Fort Drum, NY a good place to live for Compliance Officers?
The Cost of Living Index in Watertown-Fort Drum, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Watertown-Fort Drum, NY?
Some top paying nearby cities include Syracuse, NY ($83,880) and Utica-Rome, NY.
How does the Watertown-Fort Drum salary compare to the national average?
The average annual salary for Compliance Officers in Watertown-Fort Drum, NY, is $88,260, which is higher than the national average of $85,520.
What is the concentration of Compliance Officers in Watertown-Fort Drum, NY?
The concentration of Compliance Officers in Watertown-Fort Drum, NY, is significantly above the national average, with a Location Quotient of 2.1, indicating more than double the expected presence.
How does the cost of living in Watertown-Fort Drum, NY affect salary value?
The cost of living in Watertown-Fort Drum, NY, is exactly at the national average (index of 100), meaning the $88,260 salary holds its purchasing power equivalent to the national standard.
What does the local workforce size suggest about job availability?
With a local workforce of 210 Compliance Officers, the market is substantial enough to indicate consistent demand and opportunities, especially given the high concentration.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Watertown-Fort Drum, NY area with a job density of 5.422 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 Watertown-Fort Drum, NY