Average Compliance Officers Salary in Western North Carolina nonmetropolitan area
Compliance Officers in the Western North Carolina nonmetropolitan area earn an average annual salary of $63,080. This figure is notably lower than the national average of $85,520, reflecting regional economic factors and potentially a different industry focus within the area. The local market dynamics, including workforce size and industry concentration, play a significant role in shaping compensation levels for this critical role.
Executive Summary
- Average Salary: $63,080 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $87,090.
- Outlook: The job market for Compliance Officers in this nonmetropolitan area of Western North Carolina appears stable, with a total local workforce of 240 individuals in this profession. The Location Quotient of 0.37 indicates a lower concentration of these roles compared to the national average, suggesting that while the jobs exist, they are not as prevalent as in other regions. This suggests a steady, albeit not rapidly expanding, demand for compliance expertise within the local economic landscape.
Salary Overview
The average Compliance Officers in Western North Carolina nonmetropolitan area earns-26.2%below the national average.
$30.3
$1,213
$5,257
Compliance Officers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Compliance Officers have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, increased regulatory complexity, and a growing awareness of compliance's importance likely contribute to incremental salary increases, even in less concentrated markets.
Compliance Officers Salary Distribution in Western North Carolina nonmetropolitan area
Career progression for Compliance Officers in Western North Carolina nonmetropolitan areas 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 a proven track record can command salaries well above the average. The percentile gaps in earnings clearly signify the value placed on experience and expertise as professionals advance through their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,470 | $19.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,310 | $22.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,190 | $30.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,850 | $37.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $87,090 | $41.9 |
Detailed Compliance Officers Market Analysis
Relocation Context
Nominal Salary
$63,080
Gross Pay
Real Wage (Purchasing Power)
$63,080
Adjusted for COL (100)
The nominal average salary of $63,080 in Western North Carolina nonmetropolitan areas aligns precisely with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is equivalent to the national standard. Therefore, relocating for this salary offers no immediate cost-of-living advantage or disadvantage compared to the national average.
Job Market Context
240
Total Jobs
0.957
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Western North Carolina nonmetropolitan area has a notably lower concentration of Compliance Officers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.37, the job market for Compliance Officers in the Western North Carolina nonmetropolitan area is less concentrated than the national average. This suggests that opportunities may be fewer and further between compared to metropolitan hubs or regions with a higher density of industries requiring extensive compliance oversight. Professionals seeking roles here might find a less competitive environment for individual job searches but a smaller overall pool of available positions.
Nearby Job Markets
Nearby Cities for Compliance Officers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Compliance Officers Salary | $85,300↑ 35% | 32 mi |
| Pinehurst-Southern Pines, NC Compliance Officers Salary | $66,110↑ 5% | 36 mi |
| Burlington, NC Compliance Officers Salary | $71,920↑ 14% | 36 mi |
| Winston-Salem, NC Compliance Officers Salary | $75,960↑ 20% | 41 mi |
| Durham-Chapel Hill, NC Compliance Officers Salary | $93,530↑ 48% | 56 mi |
Comparing salaries near Western North Carolina nonmetropolitan area
Hiring Compliance Officerss?
Frequently Asked Questions
How much does a Compliance Officers make in Western North Carolina nonmetropolitan area?
The median annual salary for a Compliance Officers in Western North Carolina nonmetropolitan area is $63,080. This typically ranges from $40,470 for entry-level positions to $87,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Western North Carolina nonmetropolitan area is 26.2% lower than the national median of $85,520.
Is Western North Carolina nonmetropolitan area a lucrative place for Compliance Officers?
No, not compared to the national average.The average salary of $63,080 is significantly lower than the national average of $85,520, despite a national average cost of living. The lower concentration of these roles further indicates a less lucrative market.
Is Western North Carolina nonmetropolitan area a good place to live for Compliance Officers?
The Cost of Living Index in Western North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Western North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($85,300) and Pinehurst-Southern Pines, NC.
How does the Cost of Living in Western North Carolina compare to the national average?
The Cost of Living Index in the Western North Carolina nonmetropolitan area is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the country.
What is the concentration of Compliance Officer jobs in this region?
The concentration of Compliance Officer jobs in this region, indicated by a Location Quotient of 0.37, is below the national average. This suggests that these roles are less common in Western North Carolina nonmetropolitan areas compared to the nation as a whole.
How many Compliance Officers work in Western North Carolina nonmetropolitan area?
There are approximately 240 Compliance Officers employed in the Western North Carolina nonmetropolitan area, representing a small but present segment of the local workforce.
Are there many job openings for Compliance Officers in this area?
While specific vacancy numbers aren't provided, the lower Location Quotient (0.37) suggests that the overall number of available positions may be limited compared to national averages, indicating a potentially less dynamic job market for new entrants.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Western North Carolina nonmetropolitan area area with a job density of 0.957 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 Western North Carolina nonmetropolitan area