Average Loan Interviewers and Clerks Salary in Baltimore-Columbia-Towson, MD
In the Baltimore-Columbia-Towson, MD metropolitan area, Loan Interviewers and Clerks earn an average annual salary of $56,540. This figure notably surpasses the national average of $51,050, indicating a favorable compensation landscape for these roles within the region. Local economic factors and demand likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $56,540 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $72,260.
- Outlook: The Baltimore-Columbia-Towson area supports a local workforce of 860 Loan Interviewers and Clerks. With a Location Quotient of 0.57, the concentration of these roles is below the national average, suggesting a moderate but stable demand within this specific labor market. The presence of 0.641 jobs per 1,000 workers indicates a consistent need for these professionals.
Salary Overview
The average Loan Interviewers and Clerks in Baltimore-Columbia-Towson, MD earns+10.8%above the national average.
$27.2
$1,087
$4,712
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for this role in Baltimore-Columbia-Towson is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Factors such as inflation, evolving financial regulations, and increased demand for lending services typically drive salary growth in the financial sector.
Loan Interviewers and Clerks Salary Distribution in Baltimore-Columbia-Towson, MD
Salary progression for Loan Interviewers and Clerks typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive knowledge of lending practices and customer service can command significantly higher salaries, often reaching the upper percentiles. These percentile gaps clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,760 | $17.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,405 | $20.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,240 | $28.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $70,675 | $34 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $72,260 | $34.7 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$56,540
Gross Pay
Real Wage (Purchasing Power)
$56,540
Adjusted for COL (100)
The average annual salary of $56,540 in Baltimore-Columbia-Towson aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Loan Interviewer and Clerk's salary in this region is equivalent to the national average, offering stability for those considering relocation or residing locally.
Job Market Context
860
Total Jobs
0.641
Per 1K Jobs
0.57
Location Quotient
Baltimore-Columbia-Towson, MD 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 Baltimore-Columbia-Towson suggests that this profession is less concentrated locally compared to the national average. This indicates that while the jobs exist, the market is not saturated, potentially offering good opportunities for skilled individuals without overwhelming competition.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Loan Interviewers and Clerks Salary | $47,650↓ 16% | 19 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Loan Interviewers and Clerks Salary | $62,110↑ 10% | 35 mi |
| York-Hanover, PA Loan Interviewers and Clerks Salary | $43,670↓ 23% | 47 mi |
| Lancaster, PA Loan Interviewers and Clerks Salary | $44,760↓ 21% | 55 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Loan Interviewers and Clerks in Baltimore-Columbia-Towson, MD is $56,540. This typically ranges from $35,760 for entry-level positions to $72,260 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 10.8% higher than the national median of $51,050.
Is Baltimore-Columbia-Towson, MD a lucrative place for Loan Interviewers and Clerks?
Yes, it is a lucrative place for Loan Interviewers and Clerks.The average salary of $56,540 significantly exceeds the national average, and the cost of living is on par with the national average, offering strong purchasing power.
Is Baltimore-Columbia-Towson, MD a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($47,650) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Baltimore-Columbia-Towson salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Baltimore-Columbia-Towson is $56,540, which is higher than the national average of $51,050.
What is the Cost of Living Index in Baltimore-Columbia-Towson for this role?
The Cost of Living Index in Baltimore-Columbia-Towson is 100, which is exactly the national average, indicating that the cost of goods and services is comparable nationwide.
How concentrated is the market for Loan Interviewers and Clerks in Baltimore-Columbia-Towson?
The market concentration, measured by the Location Quotient, is 0.57, which is below the national average, suggesting a less saturated job market compared to the rest of the country.
What is the total number of Loan Interviewers and Clerks in the Baltimore-Columbia-Towson area?
There are approximately 860 Loan Interviewers and Clerks employed within the Baltimore-Columbia-Towson metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 860 employees in the Baltimore-Columbia-Towson, MD area with a job density of 0.641 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 Baltimore-Columbia-Towson, MD