Average Loan Interviewers and Clerks Salary in Lansing-East Lansing, MI
In Lansing-East Lansing, MI, Loan Interviewers and Clerks earn an average annual salary of $46,620. This figure is notably below the national average of $51,050, suggesting localized economic factors or a different supply-demand dynamic influence compensation in this metropolitan area. The specific economic landscape and industry concentration within Lansing-East Lansing play a crucial role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $46,620 per year.
- Growth Trend: Salaries have shifted 7.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,480.
- Outlook: The Lansing-East Lansing job market for Loan Interviewers and Clerks shows a moderate concentration, indicated by a Location Quotient of 1.51, which is 51% higher than the national average. With 360 professionals in this role locally, the demand appears stable, though not exceptionally high, relative to the national workforce distribution. This suggests a consistent, albeit not rapidly expanding, need for these positions within the region.
Salary Overview
The average Loan Interviewers and Clerks in Lansing-East Lansing, MI earns-8.7%below the national average.
$22.4
$897
$3,885
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for Lansing-East Lansing's Loan Interviewer and Clerk salaries over the past four years is not provided, it is generally assumed that compensation trends mirror broader economic shifts. Typically, salaries in this sector have seen incremental growth, driven by inflation, evolving industry demands, and the need to attract and retain qualified personnel. This suggests that current salary levels likely represent an increase from previous years, reflecting ongoing adjustments in the labor market.
Loan Interviewers and Clerks Salary Distribution in Lansing-East Lansing, MI
Salary progression for Loan Interviewers and Clerks in Lansing-East Lansing typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings, from the 25th to the 75th percentile and beyond, clearly signify career advancement opportunities and the financial rewards associated with accumulating expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,960 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,965 | $16.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,640 | $22.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,275 | $28 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,480 | $28.6 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$46,620
Gross Pay
Real Wage (Purchasing Power)
$46,620
Adjusted for COL (100)
The nominal average annual salary of $46,620 in Lansing-East Lansing 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 that of someone earning the national average salary in a location with a national average cost of living. Therefore, the salary is neither significantly enhanced nor diminished by the local cost of living.
Job Market Context
360
Total Jobs
1.695
Per 1K Jobs
1.51
Location Quotient
Lansing-East Lansing, MI has 1.5x 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.
With a Location Quotient of 1.51, Lansing-East Lansing demonstrates a higher concentration of Loan Interviewers and Clerks compared to the national average. This indicates that the job market in this area is relatively more focused on this profession than in other parts of the country. While this suggests a potentially robust local demand, it also implies a competitive environment where employers may have a larger pool of local candidates to choose from.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Jackson, MI Loan Interviewers and Clerks Salary | $45,090↓ 3% | 34 mi |
| Mid Michigan nonmetropolitan area Loan Interviewers and Clerks Salary | $44,590↓ 4% | 42 mi |
| Southern Michigan nonmetropolitan area Loan Interviewers and Clerks Salary | $47,870↑ 3% | 42 mi |
| Northern Michigan nonmetropolitan area Loan Interviewers and Clerks Salary | $48,250↑ 3% | 42 mi |
| Upper Peninsula of Michigan nonmetropolitan area Loan Interviewers and Clerks Salary | $46,200↓ 1% | 42 mi |
Comparing salaries near Lansing-East Lansing, MI
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Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Lansing-East Lansing, MI?
The median annual salary for a Loan Interviewers and Clerks in Lansing-East Lansing, MI is $46,620. This typically ranges from $37,960 for entry-level positions to $59,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 8.7% lower than the national median of $51,050.
Is Lansing-East Lansing, MI a lucrative place for Loan Interviewers and Clerks?
No, not significantly more lucrative than the national average.While the cost of living is on par with the national average, the average salary of $46,620 is below the national average of $51,050. The higher concentration of roles suggests a stable market but not necessarily higher pay.
Is Lansing-East Lansing, MI a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Lansing-East Lansing, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lansing-East Lansing, MI?
Some top paying nearby cities include Jackson, MI ($45,090) and Mid Michigan nonmetropolitan area.
How does the Lansing-East Lansing salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Lansing-East Lansing is $46,620, which is lower than the national average of $51,050.
What is the Cost of Living in Lansing-East Lansing, MI?
The Cost of Living Index in Lansing-East Lansing is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
Is there high demand for Loan Interviewers and Clerks in Lansing-East Lansing?
The Location Quotient of 1.51 suggests a higher concentration of these roles than the national average, indicating a stable and potentially consistent demand within the local market.
How many Loan Interviewers and Clerks work in Lansing-East Lansing?
There are approximately 360 Loan Interviewers and Clerks employed in the Lansing-East Lansing, MI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Lansing-East Lansing, MI area with a job density of 1.695 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 Lansing-East Lansing, MI