Average Loan Interviewers and Clerks Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
In Nashville-Davidson--Murfreesboro--Franklin, TN, Loan Interviewers and Clerks earn an average annual salary of $49,830. This figure is slightly below the national average of $51,050, indicating that local market dynamics and potentially a slightly lower demand influence compensation in this metropolitan area. While the nominal pay is close to the national benchmark, the cost of living in Nashville remains at the national average, making purchasing power a key consideration.
Executive Summary
- Average Salary: $49,830 per year.
- Growth Trend: Salaries have shifted 16.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,960.
- Outlook: The job market for Loan Interviewers and Clerks in the Nashville-Davidson--Murfreesboro--Franklin, TN area appears stable, with a local workforce of 930 individuals. The Location Quotient of 0.75 suggests that this profession is slightly less concentrated here compared to the national average, implying a moderate but not overwhelmingly abundant supply of these roles relative to the overall job market. The rate of 0.844 jobs per 1,000 workers further supports a consistent, albeit not rapidly expanding, demand for these positions.
Salary Overview
The average Loan Interviewers and Clerks in Nashville-Davidson--Murfreesboro--Franklin, TN earns-2.4%below the national average.
$24
$958
$4,153
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for this role in Nashville is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic trends and inflation. As the financial sector evolves and demand for lending services fluctuates, Loan Interviewer and Clerk salaries in the region likely experienced incremental increases, driven by factors such as cost of living adjustments and the need to attract and retain qualified personnel.
Loan Interviewers and Clerks Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN
Career progression for Loan Interviewers and Clerks typically involves a clear salary trajectory from entry-level to senior positions. While specific percentile data is unavailable, it's understood that individuals starting in these roles will earn at the lower end of the salary spectrum. As experience, skills, and responsibilities increase, professionals can expect to move into higher-paying tiers, with significant salary gaps between junior and senior roles reflecting accumulated expertise and a broader scope of duties.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,160 | $16.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,373 | $18 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,040 | $24.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,288 | $29.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,960 | $30.8 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$49,830
Gross Pay
Real Wage (Purchasing Power)
$49,830
Adjusted for COL (100)
The average annual salary of $49,830 in Nashville-Davidson--Murfreesboro--Franklin, TN, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Loan Interviewer or Clerk's salary in this region is comparable to that of someone in a similarly average cost-of-living area nationally. Therefore, the nominal salary translates directly to average living expenses without significant gains or losses in real income.
Job Market Context
930
Total Jobs
0.844
Per 1K Jobs
0.75
Location Quotient
Nashville-Davidson--Murfreesboro--Franklin, TN has 0.75x 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.
With a Location Quotient of 0.75, the Nashville-Davidson--Murfreesboro--Franklin, TN market for Loan Interviewers and Clerks is slightly less concentrated than the national average. This suggests that while the profession is present and necessary, it does not dominate the local employment landscape to the same extent as it might in other regions. This moderate concentration indicates a balanced job market, where demand exists but is not exceptionally high, potentially leading to a competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| East Tennessee nonmetropolitan area Loan Interviewers and Clerks Salary | $45,940↓ 8% | 29 mi |
| South Central Tennessee nonmetropolitan area Loan Interviewers and Clerks Salary | $44,620↓ 10% | 29 mi |
| West Tennessee nonmetropolitan area Loan Interviewers and Clerks Salary | $47,470↓ 5% | 29 mi |
| North Central Tennessee nonmetropolitan area Loan Interviewers and Clerks Salary | $47,320↓ 5% | 29 mi |
| Clarksville, TN-KY Loan Interviewers and Clerks Salary | $44,280↓ 11% | 42 mi |
Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Nashville-Davidson--Murfreesboro--Franklin, TN?
The median annual salary for a Loan Interviewers and Clerks in Nashville-Davidson--Murfreesboro--Franklin, TN is $49,830. This typically ranges from $35,160 for entry-level positions to $63,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 2.4% lower than the national median of $51,050.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Loan Interviewers and Clerks?
No, not significantly more lucrative than the national average.The average salary of $49,830 is slightly below the national average, and the cost of living is exactly at the national average, offering no distinct financial advantage.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?
Some top paying nearby cities include East Tennessee nonmetropolitan area ($45,940) and South Central Tennessee nonmetropolitan area.
How does the Nashville salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Nashville-Davidson--Murfreesboro--Franklin, TN is $49,830, which is slightly lower than the national average of $51,050.
What is the Cost of Living in Nashville-Davidson--Murfreesboro--Franklin, TN?
The Cost of Living Index for Nashville-Davidson--Murfreesboro--Franklin, TN is 100, which is exactly the national average.
How concentrated is the job market for Loan Interviewers and Clerks in Nashville?
The job market is moderately concentrated, with a Location Quotient of 0.75, indicating it is less concentrated than the national average.
What is the total workforce size for this role in Nashville?
There are approximately 930 Loan Interviewers and Clerks employed in the Nashville-Davidson--Murfreesboro--Franklin, TN 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 930 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 0.844 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 Nashville-Davidson--Murfreesboro--Franklin, TN