Average Loan Interviewers and Clerks Salary in Jackson, MS
In Jackson, MS, Loan Interviewers and Clerks earn an average annual salary of $42,420. This figure is notably below the national average of $51,050, reflecting localized economic conditions and potentially a different market demand for these financial services roles within the state capital. The specific economic drivers and industry concentration in Jackson influence compensation levels for this profession.
Executive Summary
- Average Salary: $42,420 per year.
- Growth Trend: Salaries have shifted 27.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,030.
- Outlook: With a local workforce of approximately 500 individuals in this role, Jackson, MS, presents a moderately sized employment pool for Loan Interviewers and Clerks. The Location Quotient of 1.67 indicates a higher concentration of these jobs in Jackson compared to the national average, suggesting a specialized demand within the local economy that may offer stable employment opportunities.
Salary Overview
The average Loan Interviewers and Clerks in Jackson, MS earns-16.9%below the national average.
$20.4
$816
$3,535
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 Jackson, MS, have experienced gradual growth over the past four years, mirroring national trends. Economic fluctuations and evolving industry demands typically lead to modest annual increases in compensation for such roles, reflecting both inflation and adjustments to market competitiveness.
Loan Interviewers and Clerks Salary Distribution in Jackson, MS
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level positions to more senior or specialized roles, with corresponding salary increases. While specific percentile data is unavailable, the gap between starting salaries and those earned by seasoned professionals generally signifies significant earning potential and career advancement within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,930 | $13.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,815 | $15.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,720 | $19.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,025 | $25.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $58,030 | $27.9 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$42,420
Gross Pay
Real Wage (Purchasing Power)
$42,420
Adjusted for COL (100)
The average annual salary of $42,420 in Jackson, MS, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Loan Interviewer or Clerk's salary in Jackson is equivalent to the national average, suggesting that while nominal earnings are lower than the national average, the cost of living does not further diminish its real value.
Job Market Context
500
Total Jobs
1.873
Per 1K Jobs
1.67
Location Quotient
Jackson, MS has 1.7x 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.
A Location Quotient of 1.67 signifies that Jackson, MS, has a significantly higher concentration of Loan Interviewers and Clerks relative to its overall workforce compared to the national average. This suggests a robust local demand for these professionals, potentially indicating a more competitive job market for employers seeking talent, and a favorable environment for job seekers.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Upper East Mississippi nonmetropolitan area Loan Interviewers and Clerks Salary | $41,800↓ 1% | 43 mi |
| Lower East Mississippi nonmetropolitan area Loan Interviewers and Clerks Salary | $40,140↓ 5% | 43 mi |
| Lower West Mississippi nonmetropolitan area Loan Interviewers and Clerks Salary | $45,380↑ 7% | 43 mi |
| West Delta Mississippi nonmetropolitan area Loan Interviewers and Clerks Salary | $39,300↓ 7% | 43 mi |
| Hattiesburg, MS Loan Interviewers and Clerks Salary | $39,360↓ 7% | 87 mi |
Comparing salaries near Jackson, MS
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Jackson, MS?
The median annual salary for a Loan Interviewers and Clerks in Jackson, MS is $42,420. This typically ranges from $28,930 for entry-level positions to $58,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jackson, MS is 16.9% lower than the national median of $51,050.
Is Jackson, MS a lucrative place for Loan Interviewers and Clerks?
No, not compared to the national average.While the cost of living is average, the nominal salary of $42,420 is considerably lower than the national average of $51,050, impacting overall earning potential.
Is Jackson, MS a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Jackson, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jackson, MS?
Some top paying nearby cities include Upper East Mississippi nonmetropolitan area ($41,800) and Lower East Mississippi nonmetropolitan area.
How does the local workforce size affect job prospects?
A local workforce of 500 suggests a moderate-sized pool of professionals, indicating a stable but not overly saturated market for Loan Interviewers and Clerks in Jackson, MS.
What does a Location Quotient of 1.67 mean for this role?
A Location Quotient above 1.0, like 1.67, indicates that Loan Interviewers and Clerks are more concentrated in Jackson, MS, than the national average, suggesting specialized local demand.
How does the Cost of Living Index impact salary perception?
With a Cost of Living Index of 100, the average salary of $42,420 in Jackson has the same purchasing power as the national average, meaning the lower nominal salary is offset by average living expenses.
Are there many job openings for Loan Interviewers and Clerks in Jackson, MS?
The concentration indicated by the Location Quotient suggests a healthy demand for these roles, with 1.873 jobs per 1,000 workers, implying consistent opportunities within the local financial sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 500 employees in the Jackson, MS area with a job density of 1.873 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 Jackson, MS