Compliance Officer Salary in Concord, MA
How much does a compliance officer make in Concord? Explore median, entry-level, and senior salaries adjusted for Concord's cost of living.
Salary Breakdown by Experience Level
See how compliance officer salaries break down across different pay periods in Concord.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $71,222 | $120,823 | $165,336 |
| Monthly | $5,935 | $10,069 | $13,778 |
| Biweekly | $2,739 | $4,647 | $6,359 |
| Weekly | $1,370 | $2,324 | $3,180 |
| Hourly | $34 | $58 | $79 |
Concord vs National Average
How Concord's compliance officer salaries compare to national figures.
Cost of Living in Concord
About Compliance Officer
Overview
Ensure organizations comply with regulations and internal policies.
Education
Bachelor's degree in Law, Finance, or related field
Key Skills
Growth Rate
Expected job growth: +17% over the next decade
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Compliance Officer Salary in Concord, MA — Complete Guide
Median Salary Overview
The median salary for a compliance officer in Concord, MA is $120,823 per year, adjusted for the local cost of living index of 145. This figure reflects typical earnings for experienced professionals in this role, considering Concord's unique economic conditions.
Salary Range and Experience Levels
Entry-level compliance officer professionals in Concord can expect to earn around $71,222 annually. As professionals gain experience, salaries typically increase, with senior-level compliance officers earning approximately $165,336 per year. This represents a 132% increase from entry to senior level.
Cost of Living Adjustment
Concord's cost of living index of 145 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Concord are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $68,300, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a compliance officer's salary in Concord typically goes toward housing. With a 1-bedroom apartment averaging $2,000 per month, housing represents about 19.9% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Compliance Officers are in growing demand across the United States, with an expected job growth of 17% over the next decade. In Concord, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.