Average Loan Interviewers and Clerks Salary in Milwaukee-Waukesha, WI
In Milwaukee-Waukesha, WI, Loan Interviewers and Clerks earn an average annual salary of $50,370. This figure is slightly below the national average of $51,050, suggesting a marginal difference in compensation influenced by regional economic factors and the specific demands of the local financial sector. The presence of a substantial local workforce contributes to this pay scale.
Executive Summary
- Average Salary: $50,370 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,820.
- Outlook: The Milwaukee-Waukesha area supports a local workforce of 1,170 Loan Interviewers and Clerks. With a Location Quotient of 1.27, this indicates a concentration of these roles that is 27% higher than the national average. This suggests a robust and potentially growing job market for these positions within the region, signifying a healthy demand that outpaces national trends.
Salary Overview
The average Loan Interviewers and Clerks in Milwaukee-Waukesha, WI earns-1.3%below the national average.
$24.2
$969
$4,198
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 Milwaukee-Waukesha have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial services, and the evolving skill requirements within the industry, leading to incremental salary increases.
Loan Interviewers and Clerks Salary Distribution in Milwaukee-Waukesha, WI
Career progression for Loan Interviewers and Clerks in Milwaukee-Waukesha typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the typical salary range suggests that experienced professionals can command substantially higher earnings than those just starting out, with the gap between lower and higher percentiles reflecting accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,400 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,778 | $18.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,560 | $23.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,963 | $30.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,820 | $29.7 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$50,370
Gross Pay
Real Wage (Purchasing Power)
$50,370
Adjusted for COL (100)
The average annual salary of $50,370 in Milwaukee-Waukesha aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned by Loan Interviewers and Clerks holds its purchasing power comparably to the national average, indicating that the cost of essential goods and services is neither a significant advantage nor disadvantage for those relocating to or residing in the area.
Job Market Context
1,170
Total Jobs
1.43
Per 1K Jobs
1.27
Location Quotient
With a location quotient of 1.27, Milwaukee-Waukesha, WI has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
A Location Quotient of 1.27 signifies that Loan Interviewers and Clerks are more concentrated in the Milwaukee-Waukesha, WI, labor market than the national average. This suggests a higher demand or a more specialized industry presence for these roles in the region, potentially leading to more job opportunities and a competitive environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Loan Interviewers and Clerks Salary | $48,480↓ 4% | 25 mi |
| Kenosha, WI Loan Interviewers and Clerks Salary | $45,530↓ 10% | 33 mi |
| Sheboygan, WI Loan Interviewers and Clerks Salary | $48,380↓ 4% | 48 mi |
| Fond du Lac, WI Loan Interviewers and Clerks Salary | $48,680↓ 3% | 54 mi |
| Janesville-Beloit, WI Loan Interviewers and Clerks Salary | $47,210↓ 6% | 59 mi |
Comparing salaries near Milwaukee-Waukesha, WI
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Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Milwaukee-Waukesha, WI?
The median annual salary for a Loan Interviewers and Clerks in Milwaukee-Waukesha, WI is $50,370. This typically ranges from $40,400 for entry-level positions to $61,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 1.3% lower than the national median of $51,050.
Is Milwaukee-Waukesha, WI a lucrative place for Loan Interviewers and Clerks?
Moderately. The salary is on par with the national average, and the cost of living is average, but the job concentration is higher.While the average salary is slightly below the national average, the cost of living is also at the national average, making purchasing power similar. The higher concentration of jobs indicates a potentially strong market.
Is Milwaukee-Waukesha, WI a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($48,480) and Kenosha, WI.
How does the Milwaukee-Waukesha salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Milwaukee-Waukesha is $50,370, which is slightly lower than the national average of $51,050.
What is the job concentration for Loan Interviewers and Clerks in this area?
The job concentration, measured by the Location Quotient, is 1.27, indicating that these roles are 27% more prevalent in Milwaukee-Waukesha compared to the national average.
Does the cost of living affect the salary's value?
No, the Cost of Living Index in Milwaukee-Waukesha is 100, which is the national average. Therefore, the nominal salary of $50,370 has average purchasing power.
How many Loan Interviewers and Clerks work in Milwaukee-Waukesha?
There are approximately 1,170 Loan Interviewers and Clerks employed in the Milwaukee-Waukesha, WI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,170 employees in the Milwaukee-Waukesha, WI area with a job density of 1.43 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 Milwaukee-Waukesha, WI