Average Loan Interviewers and Clerks Salary in Flint, MI
In Flint, MI, Loan Interviewers and Clerks earn an average annual salary of $48,340. This figure is slightly below the national average of $51,050, a common occurrence in markets where local economic factors and demand influence compensation structures. While the nominal salary may be lower, it's crucial to consider the local economic landscape when evaluating earning potential.
Executive Summary
- Average Salary: $48,340 per year.
- Growth Trend: Salaries have shifted 11.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,320.
- Outlook: The job market for Loan Interviewers and Clerks in Flint, MI, shows a notable concentration, with a Location Quotient of 1.6, indicating a presence significantly above the national average. Despite a modest local workforce of 240 individuals in this role, this elevated quotient suggests a robust demand relative to the national landscape, implying a stable or potentially growing job market for these professionals within the region.
Salary Overview
The average Loan Interviewers and Clerks in Flint, MI earns-5.3%below the national average.
$23.2
$930
$4,028
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for Flint's Loan Interviewer and Clerk salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic shifts, inflation, and evolving industry demands typically drive salary increases over time, suggesting that professionals in this field in Flint have likely seen their compensation grow, albeit potentially at a pace influenced by local economic conditions.
Loan Interviewers and Clerks Salary Distribution in Flint, MI
Career progression for Loan Interviewers and Clerks in Flint, MI, is typically marked by increasing earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The gap between entry-level and senior-level compensation reflects the value placed on accumulated knowledge, efficiency, and responsibility within the financial services sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,260 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,255 | $17.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,210 | $22.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,425 | $29.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,320 | $28.5 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$48,340
Gross Pay
Real Wage (Purchasing Power)
$48,340
Adjusted for COL (100)
The average annual salary of $48,340 in Flint, MI, aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of a Loan Interviewer's or Clerk's salary in Flint is comparable to that of someone earning the national average salary in a location with average living expenses. Therefore, the nominal salary effectively translates to a similar standard of living when compared nationally.
Job Market Context
240
Total Jobs
1.797
Per 1K Jobs
1.6
Location Quotient
Flint, MI has 1.6x the national concentration of Loan Interviewers and Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Flint, MI, exhibits a strong concentration of Loan Interviewers and Clerks, evidenced by a Location Quotient of 1.6. This signifies that the employment of these professionals is 60% higher in Flint than the national average, relative to the overall workforce. Such a high concentration suggests a competitive market where demand may outpace supply, potentially offering more opportunities or specialized roles for those entering or established in this profession within the area.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Saginaw, MI Loan Interviewers and Clerks Salary | $45,700↓ 5% | 30 mi |
| Mid Michigan nonmetropolitan area Loan Interviewers and Clerks Salary | $44,590↓ 8% | 47 mi |
| Southern Michigan nonmetropolitan area Loan Interviewers and Clerks Salary | $47,870↓ 1% | 47 mi |
| Northern Michigan nonmetropolitan area Loan Interviewers and Clerks Salary | $48,250↓ 0% | 47 mi |
Comparing salaries near Flint, MI
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Flint, MI?
The median annual salary for a Loan Interviewers and Clerks in Flint, MI is $48,340. This typically ranges from $38,260 for entry-level positions to $59,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Flint, MI is 5.3% lower than the national median of $51,050.
Is Flint, MI a lucrative place for Loan Interviewers and Clerks?
Yes, relative to the cost of living.While the average salary of $48,340 is slightly below the national average, it is perfectly balanced by a Cost of Living Index of 100. The strong concentration (LQ of 1.6) also indicates robust local demand for these roles.
Is Flint, MI a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Flint, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Flint, MI?
Some top paying nearby cities include Saginaw, MI ($45,700) and Mid Michigan nonmetropolitan area.
How does the Flint salary compare to the national average?
The average salary for Loan Interviewers and Clerks in Flint, MI, is $48,340, which is approximately 5.3% lower than the national average of $51,050.
Is the job market for Loan Interviewers and Clerks strong in Flint?
Yes, the market shows strong concentration with a Location Quotient of 1.6, suggesting higher-than-average demand for these roles relative to the national landscape.
What is the significance of the Cost of Living Index in Flint?
A Cost of Living Index of 100 means Flint's cost of living is exactly at the national average, indicating that the $48,340 salary offers purchasing power equivalent to the national average.
How many Loan Interviewers and Clerks work in Flint?
There are approximately 240 Loan Interviewers and Clerks employed in Flint, MI, representing 1.797 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Flint, MI area with a job density of 1.797 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 Flint, MI