Average Loan Interviewers and Clerks Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
In the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area, Loan Interviewers and Clerks earn an average annual salary of $54,490. This figure slightly surpasses the national average of $51,050, indicating a modest premium for professionals in this region. Local economic factors and demand within the financial services sector likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $54,490 per year.
- Growth Trend: Salaries have shifted 27.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $75,210.
- Outlook: The local job market for Loan Interviewers and Clerks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD appears stable, with a total workforce of 2,770 individuals. The Location Quotient of 0.86 suggests a slightly lower concentration of these roles compared to the national average, implying a healthy but not oversaturated market with consistent opportunities.
Salary Overview
The average Loan Interviewers and Clerks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+6.7%above the national average.
$26.2
$1,048
$4,541
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 the Philadelphia-Camden-Wilmington area have experienced gradual growth over the past four years, mirroring national trends in the financial services industry. This growth is typically driven by inflation, increased demand for financial services, and evolving job responsibilities.
Loan Interviewers and Clerks Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Career progression for Loan Interviewers and Clerks typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive knowledge of lending regulations and client relations can command salaries in the upper percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,550 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,868 | $19.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,830 | $24.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,113 | $32.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $75,210 | $36.2 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$54,490
Gross Pay
Real Wage (Purchasing Power)
$54,490
Adjusted for COL (100)
The average annual salary of $54,490 in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the local salary adequately covers the cost of living without a significant premium or deficit.
Job Market Context
2,770
Total Jobs
0.965
Per 1K Jobs
0.86
Location Quotient
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has 0.86x 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 0.86, the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area has a slightly lower concentration of Loan Interviewers and Clerks relative to the national average. This suggests that while the profession is present and necessary, it is not a dominant industry hub, potentially leading to a competitive but manageable job market for qualified candidates.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Loan Interviewers and Clerks Salary | $53,860↓ 1% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Loan Interviewers and Clerks Salary | $48,320↓ 11% | 47 mi |
| Sussex Delaware nonmetropolitan area Loan Interviewers and Clerks Salary | $41,550↓ 24% | 47 mi |
| Reading, PA Loan Interviewers and Clerks Salary | $48,460↓ 11% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Loan Interviewers and Clerks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $54,490. This typically ranges from $37,550 for entry-level positions to $75,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 6.7% higher than the national median of $51,050.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Loan Interviewers and Clerks?
Yes, it offers a slightly above-average salary.The average salary of $54,490 is higher than the national average, and the cost of living is on par with the national average, indicating good earning potential.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($53,860) and Allentown-Bethlehem-Easton, PA-NJ.
What is the average salary for Loan Interviewers and Clerks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The average annual salary for Loan Interviewers and Clerks in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area is $54,490.
How does the Philadelphia-Camden-Wilmington salary compare to the national average?
The average salary in Philadelphia-Camden-Wilmington ($54,490) is slightly higher than the national average ($51,050).
What does a Location Quotient of 0.86 mean for this role?
A Location Quotient of 0.86 indicates that the concentration of Loan Interviewers and Clerks in this area is slightly below the national average, suggesting a stable but not overly saturated job market.
How does the Cost of Living in Philadelphia-Camden-Wilmington affect salary perception?
With a Cost of Living Index of 100 (matching the national average), the $54,490 salary provides purchasing power equivalent to the national average, meaning it effectively covers local expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,770 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.965 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD