Average Loan Interviewers and Clerks Salary in Fayetteville-Springdale-Rogers, AR
In Fayetteville-Springdale-Rogers, AR, Loan Interviewers and Clerks earn an average annual salary of $48,510. This figure is slightly below the national average of $51,050, indicating localized market dynamics. Factors such as regional economic conditions and the specific demand within the Arkansas financial sector contribute to this pay scale.
Executive Summary
- Average Salary: $48,510 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,570.
- Outlook: The job market for Loan Interviewers and Clerks in the Fayetteville-Springdale-Rogers area appears moderately robust, with a total local workforce of 410 individuals in this role. The Location Quotient of 1.38 suggests a higher concentration of these jobs compared to the national average, implying a stable or growing demand for these professionals within the region.
Salary Overview
The average Loan Interviewers and Clerks in Fayetteville-Springdale-Rogers, AR earns-5.0%below the national average.
$23.3
$933
$4,043
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Loan Interviewers and Clerks in Fayetteville-Springdale-Rogers have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial services, and the evolving responsibilities of these roles.
Loan Interviewers and Clerks Salary Distribution in Fayetteville-Springdale-Rogers, AR
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level positions to more senior roles, which are compensated at higher salary percentiles. The salary distribution, while not detailed here, generally shows a widening gap between the lowest and highest earners, signifying opportunities for advancement and increased earning potential with experience and specialized skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,700 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,383 | $17.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,130 | $22.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,638 | $29.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,570 | $30.1 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$48,510
Gross Pay
Real Wage (Purchasing Power)
$48,510
Adjusted for COL (100)
With an average annual salary of $48,510 and a Cost of Living Index of 100, the nominal income in Fayetteville-Springdale-Rogers aligns precisely with the national average cost of living. This means that the purchasing power of a Loan Interviewer and Clerk's salary in this region is equivalent to that of someone earning the national average salary in a location with a national average cost of living.
Job Market Context
410
Total Jobs
1.55
Per 1K Jobs
1.38
Location Quotient
With a location quotient of 1.38, Fayetteville-Springdale-Rogers, AR has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
The Location Quotient of 1.38 for Loan Interviewers and Clerks in Fayetteville-Springdale-Rogers indicates a notable concentration of these positions relative to the national average. This suggests that the job market in this area is more specialized or has a higher demand for these roles than the typical U.S. metropolitan area, potentially leading to more competitive hiring or a greater number of available positions.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Fort Smith, AR-OK Loan Interviewers and Clerks Salary | $44,270↓ 9% | 51 mi |
| Joplin, MO-KS Loan Interviewers and Clerks Salary | $45,190↓ 7% | 72 mi |
| Springfield, MO Loan Interviewers and Clerks Salary | $45,830↓ 6% | 91 mi |
| Tulsa, OK Loan Interviewers and Clerks Salary | $48,910↑ 1% | 97 mi |
Comparing salaries near Fayetteville-Springdale-Rogers, AR
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Fayetteville-Springdale-Rogers, AR?
The median annual salary for a Loan Interviewers and Clerks in Fayetteville-Springdale-Rogers, AR is $48,510. This typically ranges from $36,700 for entry-level positions to $62,570 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fayetteville-Springdale-Rogers, AR is 5.0% lower than the national median of $51,050.
Is Fayetteville-Springdale-Rogers, AR a lucrative place for Loan Interviewers and Clerks?
No, not significantly more lucrative than the national average.While the salary is competitive within the region, it falls slightly below the national average. However, the cost of living being at the national average means the purchasing power is comparable.
Is Fayetteville-Springdale-Rogers, AR a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fayetteville-Springdale-Rogers, AR?
Some top paying nearby cities include Fort Smith, AR-OK ($44,270) and Joplin, MO-KS.
How does the Fayetteville-Springdale-Rogers salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Fayetteville-Springdale-Rogers is $48,510, which is approximately 5% lower than the national average of $51,050.
What does a Location Quotient of 1.38 mean for this job role?
A Location Quotient of 1.38 signifies that there is a 38% higher concentration of Loan Interviewer and Clerk jobs in the Fayetteville-Springdale-Rogers area compared to the national average, suggesting a stronger local market presence.
Is the cost of living a factor for this salary in Fayetteville?
No, the cost of living in Fayetteville-Springdale-Rogers is exactly at the national average (100), meaning the $48,510 salary has the same relative purchasing power as the national average salary.
How many Loan Interviewers and Clerks are there in Fayetteville-Springdale-Rogers?
There are approximately 410 Loan Interviewers and Clerks employed within the Fayetteville-Springdale-Rogers 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 410 employees in the Fayetteville-Springdale-Rogers, AR area with a job density of 1.55 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 Fayetteville-Springdale-Rogers, AR