Average Compliance Officers Salary in West Kentucky nonmetropolitan area
Compliance Officers in the West Kentucky nonmetropolitan area earn an average annual salary of $59,930. This figure is notably lower than the national average of $85,520. The localized economic conditions and demand within this specific region are key factors contributing to this pay differential.
Executive Summary
- Average Salary: $59,930 per year.
- Growth Trend: Salaries have shifted 10.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,350.
- Outlook: With a total local workforce of 210 Compliance Officers, the job market in West Kentucky presents a modest employment base. The location quotient of 0.64 suggests that this role is less concentrated here compared to the national average, indicating a potentially stable but not rapidly expanding demand for these professionals.
Salary Overview
The average Compliance Officers in West Kentucky nonmetropolitan area earns-29.9%below the national average.
$28.8
$1,153
$4,994
Compliance Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compliance Officers in West Kentucky have experienced gradual growth over the past four years, mirroring national trends. Economic development and evolving regulatory landscapes likely contribute to a steady, albeit potentially modest, upward trajectory in compensation.
Compliance Officers Salary Distribution in West Kentucky nonmetropolitan area
Career progression for Compliance Officers in West Kentucky typically involves a salary increase 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 in the higher percentiles, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,380 | $16 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,948 | $21.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,950 | $28.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $74,913 | $36 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,350 | $37.7 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$59,930
Gross Pay
Real Wage (Purchasing Power)
$59,930
Adjusted for COL (100)
The average annual salary of $59,930 in West Kentucky aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Compliance Officer's salary in this region is equivalent to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
210
Total Jobs
1.659
Per 1K Jobs
0.64
Location Quotient
West Kentucky nonmetropolitan area has 0.64x 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.
A Location Quotient of 0.64 indicates that Compliance Officers are less concentrated in the West Kentucky nonmetropolitan area compared to the national average. This suggests that while there is a presence of these roles, the market is not saturated, potentially offering opportunities for skilled professionals without intense competition.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Compliance Officers Salary | $72,430↑ 21% | 28 mi |
| Elizabethtown, KY Compliance Officers Salary | $71,100↑ 19% | 66 mi |
| Louisville/Jefferson County, KY-IN Compliance Officers Salary | $78,120↑ 30% | 72 mi |
| Cincinnati, OH-KY-IN Compliance Officers Salary | $83,060↑ 39% | 100 mi |
Comparing salaries near West Kentucky nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in West Kentucky nonmetropolitan area?
The median annual salary for a Compliance Officers in West Kentucky nonmetropolitan area is $59,930. This typically ranges from $33,380 for entry-level positions to $78,350 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Kentucky nonmetropolitan area is 29.9% lower than the national median of $85,520.
Is West Kentucky nonmetropolitan area a lucrative place for Compliance Officerss?
No, it is not considered a lucrative area compared to the national average.The average salary of $59,930 is significantly below the national average of $85,520, despite a cost of living that matches the national index.
Is West Kentucky nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in West Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($72,430) and Elizabethtown, KY.
How does the local Compliance Officer salary compare to the national average?
The average annual salary for Compliance Officers in West Kentucky is $59,930, which is considerably lower than the national average of $85,520.
What is the concentration of Compliance Officers in West Kentucky?
The concentration, measured by the location quotient, is 0.64, indicating that Compliance Officers are less prevalent in this region compared to the national average.
How does the cost of living in West Kentucky affect salary perception?
With a Cost of Living Index of 100, the local salary of $59,930 has the same purchasing power as the national average salary, meaning it is neither exceptionally high nor low relative to expenses.
What is the total number of Compliance Officers in West Kentucky?
There are approximately 210 Compliance Officers employed in the West Kentucky nonmetropolitan area.
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 West Kentucky nonmetropolitan area area with a job density of 1.659 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 West Kentucky nonmetropolitan area