Average Loan Interviewers and Clerks Salary in Providence-Warwick, RI-MA
In Providence-Warwick, RI-MA, Loan Interviewers and Clerks earn an average annual salary of $50,920. This figure is remarkably close to the national average of $51,050, indicating a stable and competitive compensation landscape. Local economic factors and the specific demand within the financial services sector of the Providence-Warwick metropolitan area closely align with national trends, resulting in this near-parity.
Executive Summary
- Average Salary: $50,920 per year.
- Growth Trend: Salaries have shifted 6.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,710.
- Outlook: The Providence-Warwick area supports a local workforce of 820 Loan Interviewers and Clerks. With a Location Quotient of 1.03, the concentration of these roles in the region is slightly above the national average, suggesting a healthy and consistent demand for these positions. The presence of 1.16 jobs per 1,000 workers further reinforces the notion of a robust job market for this profession within the metropolitan area.
Salary Overview
The average Loan Interviewers and Clerks in Providence-Warwick, RI-MA earns-0.3%below the national average.
$24.5
$979
$4,243
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for this role in Providence-Warwick is not provided, it is reasonable to assume a general upward trend in salaries for Loan Interviewers and Clerks over the past four years, mirroring national economic growth and inflation. This growth is typically driven by increased demand for financial services, evolving regulatory environments, and the need for skilled administrative support within lending institutions.
Loan Interviewers and Clerks Salary Distribution in Providence-Warwick, RI-MA
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level roles to more senior positions, which is reflected in salary increases. While specific percentile data is unavailable, it is understood that individuals with more experience, specialized skills, and a proven track record can command higher salaries, with significant gaps often observed between the 25th percentile (entry-level) and the 75th percentile (senior roles).
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,060 | $18.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,190 | $18.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,320 | $24.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,650 | $30.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,710 | $30.6 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$50,920
Gross Pay
Real Wage (Purchasing Power)
$50,920
Adjusted for COL (100)
The average annual salary of $50,920 in Providence-Warwick, RI-MA, is perfectly balanced by the local Cost of Living Index, which stands at 100, matching the national average. This means that the purchasing power of a Loan Interviewer and Clerk's salary in this region is equivalent to the national standard, offering no significant advantage or disadvantage in terms of affordability.
Job Market Context
820
Total Jobs
1.16
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
With a Location Quotient of 1.03, the Providence-Warwick, RI-MA, job market for Loan Interviewers and Clerks is slightly more concentrated than the national average. This suggests a marginally higher demand or a slightly more specialized pool of talent in the area compared to the rest of the country, indicating a competitive but accessible market for qualified professionals.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Loan Interviewers and Clerks Salary | $53,840↑ 6% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Loan Interviewers and Clerks Salary | $55,510↑ 9% | 38 mi |
| Norwich-New London-Willimantic, CT Loan Interviewers and Clerks Salary | $53,370↑ 5% | 39 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Providence-Warwick, RI-MA?
The median annual salary for a Loan Interviewers and Clerks in Providence-Warwick, RI-MA is $50,920. This typically ranges from $39,060 for entry-level positions to $63,710 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 0.3% lower than the national median of $51,050.
Is Providence-Warwick, RI-MA a lucrative place for Loan Interviewers and Clerks?
No, not significantly more lucrative than the national average.The average salary of $50,920 is nearly identical to the national average, and the cost of living is also at the national average. This indicates that the earning potential is on par with, rather than exceeding, national benchmarks.
Is Providence-Warwick, RI-MA a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Worcester, MA ($53,840) and Boston-Cambridge-Newton, MA-NH.
How does the Providence-Warwick salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Providence-Warwick, RI-MA, is $50,920, which is very close to the national average of $51,050.
What is the concentration of Loan Interviewers and Clerks in Providence-Warwick?
The concentration, measured by the Location Quotient, is 1.03, indicating a slightly higher presence of these roles in Providence-Warwick compared to the national average.
Is the cost of living high in Providence-Warwick?
No, the cost of living in Providence-Warwick is exactly at the national average, with an index of 100.
How many Loan Interviewers and Clerks are there in Providence-Warwick?
The total local workforce for this occupation in Providence-Warwick is approximately 820 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 820 employees in the Providence-Warwick, RI-MA area with a job density of 1.16 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 Providence-Warwick, RI-MA