Average Loan Interviewers and Clerks Salary in Oklahoma City, OK
In Oklahoma City, OK, Loan Interviewers and Clerks earn an average annual salary of $46,860. This figure is notably below the national average of $51,050, suggesting that local market dynamics, such as demand and the overall economic landscape of Oklahoma, play a significant role in compensation levels for this profession.
Executive Summary
- Average Salary: $46,860 per year.
- Growth Trend: Salaries have shifted 23.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,480.
- Outlook: The job market for Loan Interviewers and Clerks in Oklahoma City presents a robust picture, evidenced by a substantial local workforce of 1,230 individuals. The Location Quotient of 1.64 indicates a significantly higher concentration of these roles compared to the national average, signaling strong local demand and a specialized industry presence within the city.
Salary Overview
The average Loan Interviewers and Clerks in Oklahoma City, OK earns-8.2%below the national average.
$22.5
$901
$3,905
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 Oklahoma City have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles within the financial services sector as demand for lending services evolves.
Loan Interviewers and Clerks Salary Distribution in Oklahoma City, OK
Career progression for Loan Interviewers and Clerks in Oklahoma City typically involves a noticeable salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, demanding greater expertise and responsibility, command higher compensation. The percentile gaps in salary distribution clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,800 | $16.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,145 | $16.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,130 | $22.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,575 | $28.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,480 | $29.6 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$46,860
Gross Pay
Real Wage (Purchasing Power)
$46,860
Adjusted for COL (100)
The nominal average annual salary of $46,860 in Oklahoma City aligns perfectly with the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a Loan Interviewer's salary in Oklahoma City is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
1,230
Total Jobs
1.844
Per 1K Jobs
1.64
Location Quotient
Oklahoma City, OK has 1.6x the national concentration of Loan Interviewers and Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.64, Oklahoma City demonstrates a market that is 64% more concentrated with Loan Interviewers and Clerks than the national average. This suggests a competitive yet specialized job market where demand for these professionals is notably higher than the national benchmark, potentially offering more opportunities for those in the field.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Loan Interviewers and Clerks Salary | $41,590↓ 11% | 34 mi |
| Northeast Oklahoma nonmetropolitan area Loan Interviewers and Clerks Salary | $40,650↓ 13% | 34 mi |
| Southwest Oklahoma nonmetropolitan area Loan Interviewers and Clerks Salary | $42,750↓ 9% | 34 mi |
| Northwest Oklahoma nonmetropolitan area Loan Interviewers and Clerks Salary | $43,870↓ 6% | 34 mi |
| Enid, OK Loan Interviewers and Clerks Salary | $45,430↓ 3% | 68 mi |
Comparing salaries near Oklahoma City, OK
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Oklahoma City, OK?
The median annual salary for a Loan Interviewers and Clerks in Oklahoma City, OK is $46,860. This typically ranges from $34,800 for entry-level positions to $61,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Oklahoma City, OK is 8.2% lower than the national median of $51,050.
Is Oklahoma City, OK a lucrative place for Loan Interviewers and Clerks?
No, but it is competitive.While the average salary of $46,860 is below the national average, the high concentration of these roles (LQ 1.64) indicates a strong local demand and a competitive market.
Is Oklahoma City, OK a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Oklahoma City, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oklahoma City, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($41,590) and Northeast Oklahoma nonmetropolitan area.
How does the Oklahoma City salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Oklahoma City is $46,860, which is lower than the national average of $51,050.
What does the Location Quotient of 1.64 mean for this role in Oklahoma City?
A Location Quotient of 1.64 signifies that Oklahoma City has a significantly higher concentration of Loan Interviewers and Clerks compared to the national average, indicating strong local demand for these professionals.
How does the cost of living impact the salary in Oklahoma City?
With a Cost of Living Index of 100, Oklahoma City is at the national average. This means the $46,860 salary has the same purchasing power as the national average salary in terms of cost of living.
What is the total number of Loan Interviewers and Clerks in Oklahoma City?
There are approximately 1,230 Loan Interviewers and Clerks employed in Oklahoma City, contributing to the local workforce in this sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,230 employees in the Oklahoma City, OK area with a job density of 1.844 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 Oklahoma City, OK