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Average Loan Interviewers and Clerks Salary in Ohio

Loan Interviewers and Clerks in Ohio earn an average annual salary of $50,490, a figure slightly below the national average of $51,050. This marginal difference is often influenced by regional economic factors, industry demand, and the overall cost of doing business within the state, which can impact compensation structures.

Executive Summary

  • Average Salary: $50,490 per year.
  • Growth Trend: Salaries have shifted 19.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $62,400.
  • Outlook: Ohio's market for Loan Interviewers and Clerks appears stable, with a total local workforce of 6,480 professionals. The Location Quotient of 1.04 indicates a concentration of these roles that is very close to the national average, suggesting a steady demand that aligns with the general employment landscape.
2024 Market Data

Salary Overview

$50,490

The average Loan Interviewers and Clerks in Ohio earns-1.1%below the national average.

BreakdownBased on 40h/week
Hourly

$24.3

Weekly

$971

Monthly

$4,208

Loan Interviewers and Clerks Salary Distribution in Ohio

Career progression for Loan Interviewers and Clerks in Ohio typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting their increased value and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,310$17.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$37,868$18.2
ManagerOversees team, compliance, and project delivery.50% (Median)$49,370$23.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$63,113$30.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$62,400$30

Detailed Loan Interviewers and Clerks Market Analysis

Relocation Context

Nominal Salary

$50,490

Gross Pay

Real Wage (Purchasing Power)

$55,606

Adjusted for COL (90.8)

The average annual salary of $50,490 in Ohio presents a favorable financial situation when considering the local Cost of Living Index of 90.8. This index, which is below the national average of 100, means that the purchasing power of an Ohio-based Loan Interviewer's salary is effectively higher than the nominal figure suggests, allowing for greater disposable income.

Job Market Context

6,480

Total Jobs

1.172

Per 1K Jobs

1.04

Location Quotient

Above Average

With a location quotient of 1.04, Ohio has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.

With a Location Quotient of 1.04, Ohio's market for Loan Interviewers and Clerks is nearly on par with the national average in terms of job concentration. This suggests a balanced job market where opportunities are readily available, but the level of competition is also reflective of national trends, making it neither overly saturated nor exceptionally scarce.

Nearby Job Markets

Nearby Cities for Loan Interviewers and Clerks

CitySalaryDist.
Columbus, OH Loan Interviewers and Clerks Salary$53,710↑ 6%32 mi
Sandusky, OH Loan Interviewers and Clerks Salary$46,190↓ 9%73 mi
Lima, OH Loan Interviewers and Clerks Salary$47,440↓ 6%75 mi

Comparing salaries near Ohio

Hiring Loan Interviewers and Clerkss?

Frequently Asked Questions

How much does a Loan Interviewers and Clerks make in Ohio?

The median annual salary for a Loan Interviewers and Clerks in Ohio is $50,490. This typically ranges from $37,310 for entry-level positions to $62,400 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Ohio is 1.1% lower than the national median of $51,050.

Is Ohio a lucrative place for Loan Interviewers and Clerks?

Yes, Ohio offers a good value for Loan Interviewers and Clerks.While the average salary is slightly below the national average, Ohio's lower cost of living significantly enhances the purchasing power of these earnings. This makes the effective income more competitive than the nominal salary might initially suggest.

Is Ohio a good place to live for Loan Interviewers and Clerks?

With a Cost of Living Index of 90.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Ohio?

Some top paying nearby cities include Columbus, OH ($53,710) and Sandusky, OH.

How does Ohio's cost of living compare to the national average?

Ohio's Cost of Living Index is 90.8, which is 9.2% lower than the national average of 100, making it a more affordable state to live in.

What is the concentration of Loan Interviewers and Clerks in Ohio?

The Location Quotient for Loan Interviewers and Clerks in Ohio is 1.04, indicating that the employment concentration in this role is slightly higher than the national average.

How many Loan Interviewers and Clerks work in Ohio?

There are approximately 6,480 Loan Interviewers and Clerks employed in Ohio.

Are Loan Interviewer and Clerk jobs in demand in Ohio?

The steady workforce size and a Location Quotient close to the national average suggest a consistent demand for Loan Interviewers and Clerks in Ohio's financial sector.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,480 employees in the Ohio area with a job density of 1.172 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Loan Interviewers and Clerks • Data source: BLS OEWS 2024 •Jobs in Ohio