Average Loan Interviewers and Clerks Salary in Roanoke, VA
In Roanoke, VA, Loan Interviewers and Clerks earn an average annual salary of $48,000. This figure is slightly below the national average of $51,050. Local economic factors, including the specific demand within the Roanoke financial sector and the overall cost of living, contribute to this compensation level.
Executive Summary
- Average Salary: $48,000 per year.
- Growth Trend: Salaries have shifted 18.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,950.
- Outlook: Roanoke, VA supports a local workforce of 210 Loan Interviewers and Clerks. With a Location Quotient of 1.23, indicating a concentration higher than the national average, there is a notable presence of these roles in the area, suggesting a stable, albeit not rapidly expanding, job market.
Salary Overview
The average Loan Interviewers and Clerks in Roanoke, VA earns-6.0%below the national average.
$23.1
$923
$4,000
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for Roanoke is not provided, it is generally observed that salaries for Loan Interviewers and Clerks nationwide have seen a modest upward trend over the past four years, driven by inflation and evolving industry demands. This suggests that local salaries in Roanoke have likely experienced similar incremental growth.
Loan Interviewers and Clerks Salary Distribution in Roanoke, VA
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level positions to more senior roles, which often include greater responsibility and client interaction. Salary increases are directly tied to experience, with senior professionals commanding higher compensation, reflected in the widening percentile gaps as one advances.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,060 | $16.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,000 | $17.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,710 | $23.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,000 | $28.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $58,950 | $28.3 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$48,000
Gross Pay
Real Wage (Purchasing Power)
$48,000
Adjusted for COL (100)
The average annual salary of $48,000 in Roanoke, VA aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Loan Interviewer's salary in Roanoke is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
210
Total Jobs
1.385
Per 1K Jobs
1.23
Location Quotient
With a location quotient of 1.23, Roanoke, VA has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
A Location Quotient of 1.23 signifies that Roanoke, VA has a higher concentration of Loan Interviewers and Clerks compared to the national average. This suggests a moderately competitive market where demand is present, but the abundance of roles indicates that employers may have a steady pool of qualified candidates.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Blacksburg-Christiansburg-Radford, VA Loan Interviewers and Clerks Salary | $45,620↓ 5% | 26 mi |
| Lynchburg, VA Loan Interviewers and Clerks Salary | $48,840↑ 2% | 43 mi |
| Staunton-Stuarts Draft, VA Loan Interviewers and Clerks Salary | $48,830↑ 2% | 78 mi |
| Greensboro-High Point, NC Loan Interviewers and Clerks Salary | $55,140↑ 15% | 82 mi |
Comparing salaries near Roanoke, VA
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Roanoke, VA?
The median annual salary for a Loan Interviewers and Clerks in Roanoke, VA is $48,000. This typically ranges from $34,060 for entry-level positions to $58,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Roanoke, VA is 6.0% lower than the national median of $51,050.
Is Roanoke, VA a lucrative place for Loan Interviewers and Clerks?
Moderately so.The average salary of $48,000 is slightly below the national average, but the cost of living is also at the national average, making purchasing power comparable. The higher concentration of these roles suggests stable employment opportunities.
Is Roanoke, VA a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Roanoke, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Roanoke, VA?
Some top paying nearby cities include Blacksburg-Christiansburg-Radford, VA ($45,620) and Lynchburg, VA.
How does the Roanoke salary compare to the national average?
The average salary for Loan Interviewers and Clerks in Roanoke, VA is $48,000, which is slightly lower than the national average of $51,050.
What does the Location Quotient of 1.23 mean for this role in Roanoke?
A Location Quotient of 1.23 indicates that Loan Interviewers and Clerks are more concentrated in Roanoke, VA than the national average, suggesting a stable presence of these jobs in the local market.
How does the cost of living in Roanoke affect salary perception?
With a Cost of Living Index of 100, Roanoke's cost of living is exactly at the national average. Therefore, the $48,000 salary in Roanoke offers purchasing power equivalent to the national average salary.
What is the total number of Loan Interviewers and Clerks in Roanoke?
There are approximately 210 Loan Interviewers and Clerks employed in Roanoke, VA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Roanoke, VA area with a job density of 1.385 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 Roanoke, VA