Average Loan Interviewers and Clerks Salary in Raleigh-Cary, NC
In Raleigh-Cary, NC, Loan Interviewers and Clerks earn an average annual salary of $51,270. This figure is slightly above the national average of $51,050, indicating a stable demand for these roles within the local financial sector. The compensation reflects the specific economic conditions and job market dynamics present in the Raleigh-Cary metropolitan area.
Executive Summary
- Average Salary: $51,270 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $65,050.
- Outlook: The local job market for Loan Interviewers and Clerks in Raleigh-Cary, NC, shows a steady presence with a total workforce of 720 individuals. The Location Quotient of 0.89 suggests that while the concentration is slightly below the national average, the role is still an integral part of the local economy. With approximately 0.998 jobs per 1,000 workers, the demand remains consistent, pointing towards a stable employment landscape for these professionals.
Salary Overview
The average Loan Interviewers and Clerks in Raleigh-Cary, NC earns+0.4%above the national average.
$24.7
$986
$4,273
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 Raleigh-Cary, NC, have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation, ensuring that pay remains competitive within the local market.
Loan Interviewers and Clerks Salary Distribution in Raleigh-Cary, NC
Career progression for Loan Interviewers and Clerks in Raleigh-Cary, NC, is typically marked by increasing salary levels. Entry-level positions often start at the lower end of the pay scale, while experienced professionals with specialized skills or supervisory responsibilities can command significantly higher salaries. The percentile distribution of salaries, though not detailed here, would illustrate these earning potentials, with senior roles occupying the higher percentiles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,560 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,453 | $18.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,990 | $23.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,088 | $30.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $65,050 | $31.3 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$51,270
Gross Pay
Real Wage (Purchasing Power)
$51,270
Adjusted for COL (100)
The average annual salary of $51,270 in Raleigh-Cary, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Loan Interviewer's salary in this area is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
720
Total Jobs
0.998
Per 1K Jobs
0.89
Location Quotient
Raleigh-Cary, NC has 0.89x 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 0.89, the Raleigh-Cary, NC market for Loan Interviewers and Clerks is slightly less concentrated than the national average. This suggests that while the profession is well-established, there might be fewer opportunities relative to the overall job market compared to national benchmarks, indicating a moderately competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Loan Interviewers and Clerks Salary | $51,660↑ 1% | 18 mi |
| Rocky Mount, NC Loan Interviewers and Clerks Salary | $44,710↓ 13% | 48 mi |
| Fayetteville, NC Loan Interviewers and Clerks Salary | $47,090↓ 8% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Raleigh-Cary, NC?
The median annual salary for a Loan Interviewers and Clerks in Raleigh-Cary, NC is $51,270. This typically ranges from $38,560 for entry-level positions to $65,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 0.4% higher than the national median of $51,050.
Is Raleigh-Cary, NC a lucrative place for Loan Interviewers and Clerks?
Yes, it offers a competitive salary environment.The average salary of $51,270 is slightly above the national average, and the cost of living is on par with the national index, providing good purchasing power.
Is Raleigh-Cary, NC a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($51,660) and Rocky Mount, NC.
How does the Raleigh-Cary salary compare to the national average?
The average salary for Loan Interviewers and Clerks in Raleigh-Cary, NC ($51,270) is slightly higher than the national average ($51,050).
What is the cost of living in Raleigh-Cary, NC for this role?
The cost of living in Raleigh-Cary, NC is exactly at the national average (index of 100), meaning your salary's purchasing power is comparable to the national standard.
How concentrated is the job market for Loan Interviewers and Clerks in Raleigh-Cary, NC?
The market concentration (Location Quotient) is 0.89, which is slightly below the national average, indicating a stable but not overly saturated job market.
What is the total number of Loan Interviewers and Clerks in Raleigh-Cary, NC?
There are approximately 720 Loan Interviewers and Clerks employed in the Raleigh-Cary, NC area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 720 employees in the Raleigh-Cary, NC area with a job density of 0.998 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 Raleigh-Cary, NC