Average Loan Interviewers and Clerks Salary in Albany-Schenectady-Troy, NY
In the Albany-Schenectady-Troy, NY area, Loan Interviewers and Clerks earn an average annual salary of $52,490. This figure slightly surpasses the national average of $51,050, indicating a modestly favorable compensation landscape for these roles locally. Factors such as regional economic activity and the specific demands of the financial sector within this metropolitan area likely contribute to this slightly elevated pay.
Executive Summary
- Average Salary: $52,490 per year.
- Growth Trend: Salaries have shifted 21.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $68,150.
- Outlook: The local job market for Loan Interviewers and Clerks in Albany-Schenectady-Troy, NY, comprises a workforce of 440 individuals. With a Location Quotient of 0.89, the concentration of these roles is just below the national average, suggesting a stable but not exceptionally concentrated demand. The presence of 1.002 jobs per 1,000 workers indicates a consistent need for these positions within the local economy.
Salary Overview
The average Loan Interviewers and Clerks in Albany-Schenectady-Troy, NY earns+2.8%above the national average.
$25.2
$1,009
$4,374
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for this role in Albany-Schenectady-Troy is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns in the financial services sector. Economic shifts and evolving industry demands typically drive incremental increases in compensation for roles like Loan Interviewers and Clerks, reflecting both inflation and increased responsibilities.
Loan Interviewers and Clerks Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data isn't available, the typical salary range widens significantly with experience, with senior clerks and interviewers commanding higher compensation due to their specialized knowledge, client interaction skills, and ability to handle more complex cases. These percentile gaps are a clear indicator of career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,660 | $19.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,368 | $18.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,160 | $23.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,613 | $31.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $68,150 | $32.8 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$52,490
Gross Pay
Real Wage (Purchasing Power)
$52,490
Adjusted for COL (100)
The average annual salary of $52,490 in Albany-Schenectady-Troy, NY, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Loan Interviewer or Clerk's salary in this region is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
440
Total Jobs
1.002
Per 1K Jobs
0.89
Location Quotient
Albany-Schenectady-Troy, NY has 0.89x 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.
With a Location Quotient of 0.89, the Albany-Schenectady-Troy, NY metropolitan area has a slightly lower concentration of Loan Interviewers and Clerks compared to the national average. This suggests that while the roles are present and necessary, the market is not oversaturated, potentially offering a balanced competitive environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Loan Interviewers and Clerks Salary | $53,920↑ 3% | 31 mi |
| Kingston, NY Loan Interviewers and Clerks Salary | $52,230↓ 0% | 52 mi |
| Southwest New York nonmetropolitan area Loan Interviewers and Clerks Salary | $49,340↓ 6% | 68 mi |
| Central East New York nonmetropolitan area Loan Interviewers and Clerks Salary | $45,810↓ 13% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Albany-Schenectady-Troy, NY?
The median annual salary for a Loan Interviewers and Clerks in Albany-Schenectady-Troy, NY is $52,490. This typically ranges from $39,660 for entry-level positions to $68,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 2.8% higher than the national median of $51,050.
Is Albany-Schenectady-Troy, NY a lucrative place for Loan Interviewers and Clerks?
Yes, it offers slightly above-average compensation.The average salary of $52,490 is higher than the national average, and the cost of living is on par with the national average, indicating good purchasing power.
Is Albany-Schenectady-Troy, NY a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($53,920) and Kingston, NY.
How does the local salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Albany-Schenectady-Troy, NY is $52,490, which is slightly higher than the national average of $51,050.
What is the Cost of Living in Albany-Schenectady-Troy, NY?
The Cost of Living Index for Albany-Schenectady-Troy, NY is 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there compared to the rest of the country.
How concentrated are Loan Interviewer and Clerk jobs in this area?
The Location Quotient of 0.89 indicates that the concentration of these jobs in Albany-Schenectady-Troy, NY is slightly below the national average, suggesting a stable but not overly dense job market.
What does 'Jobs per 1,000 Workers' mean for this role?
The figure of 1.002 jobs per 1,000 workers signifies that for every thousand individuals employed in the Albany-Schenectady-Troy, NY area, approximately one is a Loan Interviewer or Clerk, indicating a steady presence of these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Albany-Schenectady-Troy, NY area with a job density of 1.002 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 Albany-Schenectady-Troy, NY