Average Loan Interviewers and Clerks Salary in Birmingham, AL
In Birmingham, AL, Loan Interviewers and Clerks earn an average annual salary of $45,750. This figure is below the national average of $51,050, reflecting regional economic factors and the specific demand within the local financial sector. While the nominal salary may be lower, the cost of living in Birmingham is on par with the national average, suggesting a comparable purchasing power.
Executive Summary
- Average Salary: $45,750 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,200.
- Outlook: The local market for Loan Interviewers and Clerks in Birmingham, AL, comprises approximately 700 professionals. With a Location Quotient of 1.2, this indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not rapidly expanding, demand for these positions within the city's workforce.
Salary Overview
The average Loan Interviewers and Clerks in Birmingham, AL earns-10.4%below the national average.
$22
$880
$3,813
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for Birmingham's Loan Interviewer and Clerk salaries is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national patterns of wage growth influenced by inflation and evolving market demands. This suggests that the $45,750 average may see incremental increases in the coming years.
Loan Interviewers and Clerks Salary Distribution in Birmingham, AL
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level roles to more senior positions, which often entails increased responsibilities and specialized knowledge. As professionals gain experience, their salaries can significantly increase, with senior-level employees potentially earning well above the $45,750 average, reflecting the percentile gaps seen in salary distributions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,820 | $16.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,313 | $16.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,640 | $23.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,188 | $27.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,200 | $28.5 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$45,750
Gross Pay
Real Wage (Purchasing Power)
$45,750
Adjusted for COL (100)
The average annual salary of $45,750 for Loan Interviewers and Clerks in Birmingham, AL, aligns precisely with the national average cost of living index of 100. This means that the purchasing power of this salary in Birmingham is equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
700
Total Jobs
1.35
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Birmingham, AL has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
A Location Quotient of 1.2 for Loan Interviewers and Clerks in Birmingham signifies that the job market in this area is slightly more concentrated with these roles than the national average. This suggests a healthy, established demand for these professionals, indicating a competitive but accessible job market for qualified individuals.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Tuscaloosa, AL Loan Interviewers and Clerks Salary | $44,200↓ 3% | 47 mi |
| Northeast Alabama nonmetropolitan area Loan Interviewers and Clerks Salary | $40,420↓ 12% | 50 mi |
| Southeast Alabama nonmetropolitan area Loan Interviewers and Clerks Salary | $40,820↓ 11% | 50 mi |
| Northwest Alabama nonmetropolitan area Loan Interviewers and Clerks Salary | $41,350↓ 10% | 50 mi |
| Southwest Alabama nonmetropolitan area Loan Interviewers and Clerks Salary | $37,900↓ 17% | 50 mi |
Comparing salaries near Birmingham, AL
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Birmingham, AL?
The median annual salary for a Loan Interviewers and Clerks in Birmingham, AL is $45,750. This typically ranges from $34,820 for entry-level positions to $59,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Birmingham, AL is 10.4% lower than the national median of $51,050.
Is Birmingham, AL a lucrative place for Loan Interviewers and Clerks?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $45,750 is below the national average of $51,050, indicating less lucrative compensation in this specific role.
Is Birmingham, AL a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Birmingham, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Birmingham, AL?
Some top paying nearby cities include Tuscaloosa, AL ($44,200) and Northeast Alabama nonmetropolitan area.
What is the average salary for a Loan Interviewer and Clerk in Birmingham, AL?
The average annual salary for a Loan Interviewer and Clerk in Birmingham, AL is $45,750.
How does Birmingham's cost of living compare to the national average?
Birmingham's cost of living index is 100, which is exactly the national average.
Is there high demand for Loan Interviewers and Clerks in Birmingham?
With a Location Quotient of 1.2, there is a slightly higher concentration of these roles in Birmingham compared to the national average, suggesting stable demand.
How many Loan Interviewers and Clerks are there in Birmingham, AL?
There are approximately 700 Loan Interviewers and Clerks employed in Birmingham, AL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 700 employees in the Birmingham, AL area with a job density of 1.35 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 Birmingham, AL