Average Loan Interviewers and Clerks Salary in Little Rock-North Little Rock-Conway, AR
In the Little Rock-North Little Rock-Conway, AR area, Loan Interviewers and Clerks earn an average annual salary of $44,460. This figure is notably below the national average of $51,050, suggesting that local market dynamics, such as regional demand and the cost of doing business, play a significant role in compensation levels within this sector.
Executive Summary
- Average Salary: $44,460 per year.
- Growth Trend: Salaries have shifted 1.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,390.
- Outlook: The Little Rock-North Little Rock-Conway, AR metropolitan area supports a workforce of 460 Loan Interviewers and Clerks. With a Location Quotient of 1.16, indicating a slightly higher concentration of these roles compared to the national average, the job market shows a steady, albeit not booming, demand for these professionals.
Salary Overview
The average Loan Interviewers and Clerks in Little Rock-North Little Rock-Conway, AR earns-12.9%below the national average.
$21.4
$855
$3,705
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 Little Rock-North Little Rock-Conway, AR have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This suggests a stable, evolving job market for these positions.
Loan Interviewers and Clerks Salary Distribution in Little Rock-North Little Rock-Conway, AR
Career progression for Loan Interviewers and Clerks typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior roles, with greater responsibility and expertise, can command significantly higher salaries, reflecting the typical percentile gaps seen in career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,690 | $17.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,345 | $16 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,440 | $21.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,575 | $26.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,390 | $28.6 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$44,460
Gross Pay
Real Wage (Purchasing Power)
$44,460
Adjusted for COL (100)
The average annual salary of $44,460 in Little Rock-North Little Rock-Conway, AR aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
460
Total Jobs
1.302
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Little Rock-North Little Rock-Conway, AR has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
A Location Quotient of 1.16 signifies that Loan Interviewers and Clerks are slightly more concentrated in the Little Rock-North Little Rock-Conway, AR area than the national average. This suggests a healthy, slightly above-average demand for these roles, indicating a competitive but accessible job market for qualified candidates.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| South Arkansas nonmetropolitan area Loan Interviewers and Clerks Salary | $43,310↓ 3% | 17 mi |
| North Arkansas nonmetropolitan area Loan Interviewers and Clerks Salary | $43,270↓ 3% | 17 mi |
| West Arkansas nonmetropolitan area Loan Interviewers and Clerks Salary | $41,980↓ 6% | 17 mi |
| East Arkansas nonmetropolitan area Loan Interviewers and Clerks Salary | $41,940↓ 6% | 17 mi |
| Hot Springs, AR Loan Interviewers and Clerks Salary | $44,070↓ 1% | 43 mi |
Comparing salaries near Little Rock-North Little Rock-Conway, AR
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Little Rock-North Little Rock-Conway, AR?
The median annual salary for a Loan Interviewers and Clerks in Little Rock-North Little Rock-Conway, AR is $44,460. This typically ranges from $35,690 for entry-level positions to $59,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Little Rock-North Little Rock-Conway, AR is 12.9% lower than the national median of $51,050.
Is Little Rock-North Little Rock-Conway, AR a lucrative place for Loan Interviewers and Clerks?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the salary of $44,460 is below the national average of $51,050, indicating less lucrative compensation in this specific role.
Is Little Rock-North Little Rock-Conway, AR a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Little Rock-North Little Rock-Conway, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Little Rock-North Little Rock-Conway, AR?
Some top paying nearby cities include South Arkansas nonmetropolitan area ($43,310) and North Arkansas nonmetropolitan area.
How does the local salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Little Rock-North Little Rock-Conway, AR is $44,460, which is lower than the national average of $51,050.
What is the concentration of Loan Interviewers and Clerks in this area?
The concentration, measured by the Location Quotient, is 1.16, meaning there are slightly more of these jobs in the area relative to the national average.
How does the cost of living affect the salary?
The cost of living in Little Rock-North Little Rock-Conway, AR is at the national average (100), so the $44,460 salary has average purchasing power.
What is the total number of Loan Interviewers and Clerks in the area?
There are approximately 460 Loan Interviewers and Clerks employed in the Little Rock-North Little Rock-Conway, AR 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 460 employees in the Little Rock-North Little Rock-Conway, AR area with a job density of 1.302 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 Little Rock-North Little Rock-Conway, AR