Average Loan Interviewers and Clerks Salary in Manchester-Nashua, NH
In Manchester-Nashua, NH, Loan Interviewers and Clerks earn an average annual salary of $58,530, which is notably higher than the national average of $51,050. This localized premium is often influenced by regional economic factors and the specific demand within the financial services sector of the Manchester-Nashua area.
Executive Summary
- Average Salary: $58,530 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $70,910.
- Outlook: The Manchester-Nashua area supports a local workforce of 200 Loan Interviewers and Clerks. With a Location Quotient of 0.87, the concentration of these roles is slightly below the national average, suggesting a stable but not overly saturated market. The presence of nearly one job per thousand workers indicates consistent, albeit moderate, demand for these positions within the region.
Salary Overview
The average Loan Interviewers and Clerks in Manchester-Nashua, NH earns+14.7%above the national average.
$28.1
$1,126
$4,878
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for roles like Loan Interviewers and Clerks have seen consistent growth over the past four years, driven by inflation, evolving industry demands, and the need to attract and retain skilled professionals. This upward trend is likely reflected in the Manchester-Nashua market as well, contributing to the current average salary.
Loan Interviewers and Clerks Salary Distribution in Manchester-Nashua, NH
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level roles, which may start closer to the lower percentiles of the salary range, to more senior positions. As experience and expertise grow, individuals can expect to command salaries in the higher percentiles, reflecting increased responsibilities and a deeper understanding of financial processes and client relations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,410 | $21.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $43,898 | $21.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,010 | $28.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $73,163 | $35.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $70,910 | $34.1 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$58,530
Gross Pay
Real Wage (Purchasing Power)
$58,530
Adjusted for COL (100)
The average annual salary of $58,530 in Manchester-Nashua, NH, 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 equivalent to the national standard, offering a balanced financial landscape for residents.
Job Market Context
200
Total Jobs
0.975
Per 1K Jobs
0.87
Location Quotient
Manchester-Nashua, NH has 0.87x the national average concentration of Loan Interviewers and Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.87 for Loan Interviewers and Clerks in Manchester-Nashua indicates that the concentration of these jobs is slightly less than the national average. This suggests that while the profession is present and valued, the market is not disproportionately dominated by this role compared to other industries in the area, potentially offering a competitive but accessible job market.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Central New Hampshire nonmetropolitan area Loan Interviewers and Clerks Salary | $53,630↓ 8% | 33 mi |
| Northern New Hampshire nonmetropolitan area Loan Interviewers and Clerks Salary | $52,120↓ 11% | 33 mi |
| Boston-Cambridge-Newton, MA-NH Loan Interviewers and Clerks Salary | $55,510↓ 5% | 50 mi |
Comparing salaries near Manchester-Nashua, NH
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Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Manchester-Nashua, NH?
The median annual salary for a Loan Interviewers and Clerks in Manchester-Nashua, NH is $58,530. This typically ranges from $44,410 for entry-level positions to $70,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Manchester-Nashua, NH is 14.7% higher than the national median of $51,050.
Is Manchester-Nashua, NH a lucrative place for Loan Interviewers and Clerks?
Yes, it offers above-average compensation.Loan Interviewers and Clerks in Manchester-Nashua earn approximately $7,480 more annually than the national average, while the cost of living remains at the national average, indicating strong relative earning potential.
Is Manchester-Nashua, NH a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Manchester-Nashua, NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Manchester-Nashua, NH?
Some top paying nearby cities include Central New Hampshire nonmetropolitan area ($53,630) and Northern New Hampshire nonmetropolitan area.
How does the local salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Manchester-Nashua, NH, is $58,530, which is $7,480 higher than the national average of $51,050.
What is the job market like for Loan Interviewers and Clerks in Manchester-Nashua?
The market is moderately concentrated with a Location Quotient of 0.87, suggesting a stable demand for these roles within the local financial sector.
Does the cost of living affect the value of the salary?
No, the cost of living in Manchester-Nashua is exactly at the national average (100), meaning the $58,530 salary has the same purchasing power as the national average salary.
How many Loan Interviewers and Clerks are there in Manchester-Nashua?
There are approximately 200 Loan Interviewers and Clerks employed in the Manchester-Nashua area, representing about 0.975 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Manchester-Nashua, NH area with a job density of 0.975 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 Manchester-Nashua, NH