Average Loan Interviewers and Clerks Salary in Akron, OH
In Akron, OH, Loan Interviewers and Clerks earn an average annual salary of $50,060. This figure is slightly below the national average of $51,050, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the Akron metropolitan area. The cost of living in Akron aligns perfectly with the national average, suggesting that this salary offers a comparable standard of living.
Executive Summary
- Average Salary: $50,060 per year.
- Growth Trend: Salaries have shifted 26.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,270.
- Outlook: With a total local workforce of 200 individuals in this role and a Location Quotient of 0.57, the job market for Loan Interviewers and Clerks in Akron suggests a moderate level of concentration compared to national benchmarks. While not a primary hub for this profession, the presence of 0.635 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand within the local financial sector.
Salary Overview
The average Loan Interviewers and Clerks in Akron, OH earns-1.9%below the national average.
$24.1
$963
$4,172
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for Akron's Loan Interviewer and Clerk salaries over the past four years is not provided, it is generally assumed that compensation in this field, like many others, has experienced incremental growth. This growth is typically driven by inflation, evolving industry standards, and the increasing complexity of financial services, leading to a gradual upward trend in average earnings.
Loan Interviewers and Clerks Salary Distribution in Akron, OH
Salary progression for Loan Interviewers and Clerks in Akron, OH, typically scales with experience and demonstrated proficiency. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive knowledge of lending regulations and customer service expertise can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies a clear career ladder and opportunities for advancement within the financial institutions of Akron.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,900 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,545 | $18.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,180 | $23.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,575 | $30.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,270 | $29.5 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$50,060
Gross Pay
Real Wage (Purchasing Power)
$50,060
Adjusted for COL (100)
The nominal average salary of $50,060 in Akron, OH, holds its value effectively against the local Cost of Living Index of 100. This means that the purchasing power of an individual in this role in Akron is directly comparable to the national average, allowing for a consistent standard of living without significant financial strain or benefit compared to the rest of the country.
Job Market Context
200
Total Jobs
0.635
Per 1K Jobs
0.57
Location Quotient
Akron, OH has 0.57x the national average concentration of Loan Interviewers and Clerks 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 0.57 for Loan Interviewers and Clerks in Akron indicates that this profession is less concentrated in the area compared to the national average. This suggests that while opportunities exist, the market is not saturated, and employers may need to actively recruit to fill positions, potentially offering competitive compensation to attract qualified candidates.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Loan Interviewers and Clerks Salary | $46,720↓ 7% | 20 mi |
| Cleveland, OH Loan Interviewers and Clerks Salary | $49,920↓ 0% | 29 mi |
| Youngstown-Warren, OH Loan Interviewers and Clerks Salary | $44,390↓ 11% | 46 mi |
| Sandusky, OH Loan Interviewers and Clerks Salary | $46,190↓ 8% | 66 mi |
Comparing salaries near Akron, OH
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Akron, OH?
The median annual salary for a Loan Interviewers and Clerks in Akron, OH is $50,060. This typically ranges from $36,900 for entry-level positions to $61,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 1.9% lower than the national median of $51,050.
Is Akron, OH a lucrative place for Loan Interviewers and Clerks?
No, not exceptionally lucrative compared to the national average.While the average salary of $50,060 is stable with the national cost of living, it falls slightly below the national average salary for this role, indicating moderate earning potential.
Is Akron, OH a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($46,720) and Cleveland, OH.
What is the average salary for a Loan Interviewer and Clerk in Akron, OH?
The average annual salary for a Loan Interviewer and Clerk in Akron, OH is $50,060.
How does Akron's cost of living compare to the national average?
Akron, OH has a Cost of Living Index of 100, which is exactly the same as the national average.
Is there high demand for Loan Interviewers and Clerks in Akron?
The demand is moderate, with 0.635 jobs per 1,000 workers and a Location Quotient of 0.57, suggesting the profession is less concentrated than the national average.
How does experience affect salary for this role in Akron?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher salaries, reflecting career progression and increased responsibility.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Akron, OH area with a job density of 0.635 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Loan Interviewers and Clerks • Data source: BLS OEWS 2024 •Jobs in Akron, OH