Average Loan Interviewers and Clerks Salary in Portland-South Portland, ME
In Portland-South Portland, ME, Loan Interviewers and Clerks earn an average annual salary of $51,000. This figure is remarkably close to the national average of $51,050, indicating a stable compensation landscape. Local economic factors and the specific demand within the financial services sector of this metropolitan area likely contribute to this alignment.
Executive Summary
- Average Salary: $51,000 per year.
- Growth Trend: Salaries have shifted 25.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,800.
- Outlook: The Portland-South Portland job market for Loan Interviewers and Clerks appears steady, with a local workforce of 330 individuals. The Location Quotient of 1.03 suggests a slightly higher concentration of these roles compared to the national average, implying a consistent, if not growing, demand for these professionals within the region.
Salary Overview
The average Loan Interviewers and Clerks in Portland-South Portland, ME earns-0.1%below the national average.
$24.5
$981
$4,250
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 Portland-South Portland have experienced gradual growth over the past four years, mirroring national trends. Economic shifts and evolving industry demands typically drive incremental increases in compensation for such roles.
Loan Interviewers and Clerks Salary Distribution in Portland-South Portland, ME
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level positions to more senior or specialized roles. As experience increases, individuals can expect their salaries to rise, reflecting greater responsibility and expertise. The percentile gaps in salary data, though not detailed here, would signify this upward trajectory from junior to senior positions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,850 | $21.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,250 | $18.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,640 | $23.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,750 | $30.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,800 | $29.2 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$51,000
Gross Pay
Real Wage (Purchasing Power)
$51,000
Adjusted for COL (100)
With an average annual salary of $51,000 and a Cost of Living Index of 100, the nominal income in Portland-South Portland, ME, holds its purchasing power directly in line with the national average. This means that the $51,000 earned locally will afford a comparable standard of living to the same amount earned in a national average cost-of-living area.
Job Market Context
330
Total Jobs
1.151
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Portland-South Portland, ME has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
The Location Quotient of 1.03 for Loan Interviewers and Clerks in Portland-South Portland indicates a job market where these roles are slightly more prevalent than the national average. This suggests a healthy, stable demand that is marginally above the typical concentration, implying a competitive but accessible market for qualified candidates.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Lewiston-Auburn, ME Loan Interviewers and Clerks Salary | $50,940↓ 0% | 29 mi |
| Central New Hampshire nonmetropolitan area Loan Interviewers and Clerks Salary | $53,630↑ 5% | 67 mi |
| Northern New Hampshire nonmetropolitan area Loan Interviewers and Clerks Salary | $52,120↑ 2% | 67 mi |
| Manchester-Nashua, NH Loan Interviewers and Clerks Salary | $58,530↑ 15% | 76 mi |
Comparing salaries near Portland-South Portland, ME
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Portland-South Portland, ME?
The median annual salary for a Loan Interviewers and Clerks in Portland-South Portland, ME is $51,000. This typically ranges from $44,850 for entry-level positions to $60,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Portland-South Portland, ME is 0.1% lower than the national median of $51,050.
Is Portland-South Portland, ME a lucrative place for Loan Interviewers and Clerks?
Yes, it is comparable to the national average.The average salary of $51,000 is nearly identical to the national average, and the cost of living is also at the national benchmark, making it a stable market.
Is Portland-South Portland, ME a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Portland-South Portland, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Portland-South Portland, ME?
Some top paying nearby cities include Lewiston-Auburn, ME ($50,940) and Central New Hampshire nonmetropolitan area.
How does the Portland-South Portland salary compare to the national average?
The average salary for Loan Interviewers and Clerks in Portland-South Portland, ME, is $51,000, which is almost exactly the national average of $51,050.
What is the concentration of Loan Interviewers and Clerks in Portland-South Portland?
The Location Quotient is 1.03, meaning there is a slightly higher concentration of these jobs in Portland-South Portland compared to the national average.
How does the cost of living affect the salary in Portland-South Portland?
The cost of living in Portland-South Portland is 100, which is the national average. Therefore, the $51,000 salary has purchasing power equivalent to the national average.
What is the size of the Loan Interviewer and Clerk workforce in Portland-South Portland?
The total local workforce for this role in Portland-South Portland is 330 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Portland-South Portland, ME area with a job density of 1.151 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 Portland-South Portland, ME