Average Loan Interviewers and Clerks Salary in Lexington-Fayette, KY
In Lexington-Fayette, KY, Loan Interviewers and Clerks earn an average annual salary of $48,790. This figure is slightly below the national average of $51,050, a common occurrence in regional markets where local economic factors and demand influence compensation levels. The specific economic landscape and industry concentration within Lexington-Fayette play a significant role in shaping these salary outcomes.
Executive Summary
- Average Salary: $48,790 per year.
- Growth Trend: Salaries have shifted 26.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,620.
- Outlook: The job market for Loan Interviewers and Clerks in Lexington-Fayette, KY, shows a stable presence with a total local workforce of 370 individuals in this role. The Location Quotient of 1.16 indicates a slightly higher concentration of these jobs compared to the national average, suggesting a steady, albeit not overwhelmingly robust, demand within the region.
Salary Overview
The average Loan Interviewers and Clerks in Lexington-Fayette, KY earns-4.4%below the national average.
$23.5
$938
$4,066
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for this role in Lexington-Fayette is not provided, it is reasonable to assume that salaries for Loan Interviewers and Clerks have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward movement is typically driven by increased demand for financial services and the need to retain skilled personnel in a competitive labor market.
Loan Interviewers and Clerks Salary Distribution in Lexington-Fayette, KY
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level positions to more senior roles, often accompanied by a significant salary increase. While specific percentile data is unavailable, the gap between starting salaries and those earned by experienced professionals generally widens considerably, reflecting the value of accumulated knowledge, client relationship management, and specialized skills in the financial sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,310 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,593 | $17.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,050 | $22.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,988 | $29.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,620 | $30.6 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$48,790
Gross Pay
Real Wage (Purchasing Power)
$48,790
Adjusted for COL (100)
The nominal average annual salary of $48,790 in Lexington-Fayette, KY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Loan Interviewer or Clerk's salary in this area is comparable to the national standard, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
370
Total Jobs
1.299
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Lexington-Fayette, KY has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
With a Location Quotient of 1.16, Lexington-Fayette, KY, exhibits a slightly higher concentration of Loan Interviewers and Clerks than the national average. This suggests that the job market in this area is moderately competitive, with a stable number of opportunities available relative to the size of the workforce, indicating a healthy but not saturated demand for these professionals.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Loan Interviewers and Clerks Salary | $42,080↓ 14% | 28 mi |
| South Central Kentucky nonmetropolitan area Loan Interviewers and Clerks Salary | $44,150↓ 10% | 28 mi |
| West Kentucky nonmetropolitan area Loan Interviewers and Clerks Salary | $43,330↓ 11% | 28 mi |
| East Kentucky nonmetropolitan area Loan Interviewers and Clerks Salary | $43,350↓ 11% | 28 mi |
| Louisville/Jefferson County, KY-IN Loan Interviewers and Clerks Salary | $49,950↑ 2% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Lexington-Fayette, KY?
The median annual salary for a Loan Interviewers and Clerks in Lexington-Fayette, KY is $48,790. This typically ranges from $34,310 for entry-level positions to $63,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 4.4% lower than the national median of $51,050.
Is Lexington-Fayette, KY a lucrative place for Loan Interviewers and Clerks?
No, not significantly more lucrative than the national average.The average salary is slightly below the national average, and the cost of living is exactly at the national average, indicating a comparable, rather than lucrative, financial standing.
Is Lexington-Fayette, KY a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($42,080) and South Central Kentucky nonmetropolitan area.
How does the number of jobs per 1,000 workers compare nationally?
Lexington-Fayette, KY has 1.299 jobs per 1,000 workers for Loan Interviewers and Clerks, which is a specific metric of local job density.
What does a Location Quotient of 1.16 mean for job seekers?
A Location Quotient of 1.16 suggests that there are slightly more Loan Interviewer and Clerk positions available in Lexington-Fayette, KY, relative to the national average, indicating a moderately favorable job market.
How does the cost of living in Lexington-Fayette, KY affect salary perception?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $48,790 salary has standard purchasing power.
What is the overall size of the Loan Interviewer and Clerk workforce in Lexington-Fayette, KY?
The total local workforce for Loan Interviewers and Clerks in Lexington-Fayette, KY, consists of 370 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Lexington-Fayette, KY area with a job density of 1.299 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 Lexington-Fayette, KY