Average Loan Interviewers and Clerks Salary in Owensboro, KY
In Owensboro, KY, Loan Interviewers and Clerks earn an average annual salary of $46,010. This figure is notably below the national average of $51,050, reflecting localized economic factors and demand within the region. The specific pay scales in Owensboro are influenced by the unique economic landscape and the concentration of financial institutions operating within the city.
Executive Summary
- Average Salary: $46,010 per year.
- Growth Trend: Salaries have shifted 4.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $50,560.
- Outlook: Owensboro presents a robust employment landscape for Loan Interviewers and Clerks, evidenced by a significant local workforce of 340 individuals. The exceptionally high Location Quotient of 6.23 indicates a strong concentration of these roles compared to the national average, suggesting a stable and potentially growing demand for professionals in this sector within the city.
Salary Overview
The average Loan Interviewers and Clerks in Owensboro, KY earns-9.9%below the national average.
$22.1
$885
$3,834
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for Owensboro's Loan Interviewer and Clerk salaries is not provided, it is generally assumed that salaries within this profession 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 responsibilities of the role.
Loan Interviewers and Clerks Salary Distribution in Owensboro, KY
Career progression for Loan Interviewers and Clerks in Owensboro typically involves a clear salary trajectory from entry-level to senior positions. While entry-level roles might start closer to the lower end of the pay scale, experienced professionals and those in senior capacities can command significantly higher salaries, with percentile gaps reflecting substantial earning potential and career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,260 | $18.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,508 | $16.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,790 | $21.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,513 | $27.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $50,560 | $24.3 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$46,010
Gross Pay
Real Wage (Purchasing Power)
$46,010
Adjusted for COL (100)
The average annual salary of $46,010 in Owensboro aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Loan Interviewer's or Clerk's salary in Owensboro is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
340
Total Jobs
6.997
Per 1K Jobs
6.23
Location Quotient
Owensboro, KY has 6.2x 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.
Owensboro's Location Quotient of 6.23 for Loan Interviewers and Clerks signifies a highly concentrated job market. This indicates that the demand for these professionals is substantially higher in Owensboro relative to the national average, suggesting a competitive environment for employers seeking talent and a favorable market for job seekers.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Evansville, IN Loan Interviewers and Clerks Salary | $44,030↓ 4% | 28 mi |
| Bowling Green, KY Loan Interviewers and Clerks Salary | $47,190↑ 3% | 66 mi |
| Elizabethtown, KY Loan Interviewers and Clerks Salary | $45,210↓ 2% | 68 mi |
| Louisville/Jefferson County, KY-IN Loan Interviewers and Clerks Salary | $49,950↑ 9% | 82 mi |
| Clarksville, TN-KY Loan Interviewers and Clerks Salary | $44,280↓ 4% | 83 mi |
Comparing salaries near Owensboro, KY
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Owensboro, KY?
The median annual salary for a Loan Interviewers and Clerks in Owensboro, KY is $46,010. This typically ranges from $39,260 for entry-level positions to $50,560 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Owensboro, KY is 9.9% lower than the national median of $51,050.
Is Owensboro, KY a lucrative place for Loan Interviewers and Clerks?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $46,010 is below the national average of $51,050. However, the high concentration of these roles suggests strong local demand.
Is Owensboro, KY a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Owensboro, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Owensboro, KY?
Some top paying nearby cities include Evansville, IN ($44,030) and Bowling Green, KY.
How does the Owensboro salary compare to the national average?
The average salary for Loan Interviewers and Clerks in Owensboro, KY is $46,010, which is lower than the national average of $51,050.
What does the Location Quotient of 6.23 mean for this role in Owensboro?
A Location Quotient of 6.23 indicates that Loan Interviewers and Clerks are 6.23 times more concentrated in Owensboro compared to the national average, suggesting a high local demand for these professionals.
Is the cost of living high in Owensboro, KY?
No, Owensboro, KY has a Cost of Living Index of 100, which is exactly the national average, meaning it is neither significantly high nor low.
What is the total number of Loan Interviewers and Clerks in Owensboro?
There are approximately 340 Loan Interviewers and Clerks employed in Owensboro, KY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Owensboro, KY area with a job density of 6.997 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 Owensboro, KY