Average Loan Interviewers and Clerks Salary in South Illinois nonmetropolitan area
In the South Illinois nonmetropolitan area, Loan Interviewers and Clerks earn an average annual salary of $48,150. This figure is slightly below the national average of $51,050, a difference often attributed to the unique economic landscape and demand specific to non-metropolitan regions. Factors such as local industry concentration and the overall cost of doing business in these areas can influence compensation levels.
Executive Summary
- Average Salary: $48,150 per year.
- Growth Trend: Salaries have shifted 24.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,200.
- Outlook: The job market for Loan Interviewers and Clerks in South Illinois nonmetropolitan areas appears stable, with a total local workforce of 260 individuals. The concentration, indicated by a Location Quotient of 1.66, suggests a higher prevalence of these roles compared to the national average, implying a consistent demand within the region's financial sector.
Salary Overview
The average Loan Interviewers and Clerks in South Illinois nonmetropolitan area earns-5.7%below the national average.
$23.2
$926
$4,013
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for this niche role in South Illinois is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and evolving financial service demands typically lead to incremental increases in compensation for skilled positions like Loan Interviewers and Clerks.
Loan Interviewers and Clerks Salary Distribution in South Illinois nonmetropolitan area
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data isn't available, the salary spectrum generally widens significantly with added years of experience, specialized skills, and increased responsibilities, reflecting a clear path for career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,080 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,113 | $17.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,110 | $22.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,188 | $28.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,200 | $29.4 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$48,150
Gross Pay
Real Wage (Purchasing Power)
$48,150
Adjusted for COL (100)
The average annual salary of $48,150 in South Illinois nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, making the nominal salary's value quite stable relative to expenses.
Job Market Context
260
Total Jobs
1.861
Per 1K Jobs
1.66
Location Quotient
South Illinois nonmetropolitan area has 1.7x the national concentration of Loan Interviewers and Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.66, South Illinois nonmetropolitan areas exhibit a concentration of Loan Interviewers and Clerks that is 66% higher than the national average. This indicates a robust and potentially competitive market for these professionals, suggesting that employers in the region rely more heavily on this specific workforce segment.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Loan Interviewers and Clerks Salary | $49,320↑ 2% | 9 mi |
| Decatur, IL Loan Interviewers and Clerks Salary | $47,580↓ 1% | 34 mi |
| Champaign-Urbana, IL Loan Interviewers and Clerks Salary | $48,560↑ 1% | 41 mi |
| Peoria, IL Loan Interviewers and Clerks Salary | $48,550↑ 1% | 43 mi |
| Springfield, IL Loan Interviewers and Clerks Salary | $47,450↓ 1% | 53 mi |
Comparing salaries near South Illinois nonmetropolitan area
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in South Illinois nonmetropolitan area?
The median annual salary for a Loan Interviewers and Clerks in South Illinois nonmetropolitan area is $48,150. This typically ranges from $37,080 for entry-level positions to $61,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Illinois nonmetropolitan area is 5.7% lower than the national median of $51,050.
Is South Illinois nonmetropolitan area a lucrative place for Loan Interviewers and Clerks?
No, not significantly more lucrative than the national average.While the salary is competitive within the local context, it falls slightly below the national average. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is South Illinois nonmetropolitan area a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in South Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($49,320) and Decatur, IL.
How does the South Illinois salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in South Illinois nonmetropolitan areas is $48,150, which is slightly lower than the national average of $51,050.
What is the concentration of Loan Interviewers and Clerks in South Illinois?
The concentration, measured by the Location Quotient, is 1.66, indicating that these roles are 66% more prevalent in South Illinois nonmetropolitan areas compared to the national average.
How does the cost of living affect the salary in South Illinois?
The cost of living in South Illinois nonmetropolitan areas is at the national average (100), meaning the $48,150 salary has the same purchasing power as the national average salary.
What is the size of the Loan Interviewer and Clerk workforce in South Illinois?
There are approximately 260 Loan Interviewers and Clerks employed in the South Illinois nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the South Illinois nonmetropolitan area area with a job density of 1.861 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 South Illinois nonmetropolitan area