Average Loan Interviewers and Clerks Salary in Southwest Maine nonmetropolitan area
In the Southwest Maine nonmetropolitan area, Loan Interviewers and Clerks earn an average annual salary of $48,040. This figure is slightly below the national average of $51,050, a common trend in nonmetropolitan regions where the cost of doing business and local economic factors can influence compensation levels. The specific economic landscape of Southwest Maine shapes this salary benchmark for financial support roles.
Executive Summary
- Average Salary: $48,040 per year.
- Growth Trend: Salaries have shifted 29.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,860.
- Outlook: With a total local workforce of 210 individuals in this role and a Location Quotient of 1.31, Southwest Maine demonstrates a notable concentration of Loan Interviewers and Clerks relative to the national average. This suggests a stable, albeit not rapidly expanding, demand for these positions within the region, indicating a consistent job market for professionals in this field.
Salary Overview
The average Loan Interviewers and Clerks in Southwest Maine nonmetropolitan area earns-5.9%below the national average.
$23.1
$924
$4,003
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for this precise region and role isn't provided, it's reasonable to assume that salaries for Loan Interviewers and Clerks in Southwest Maine have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving financial service demands likely contribute to incremental increases in compensation, ensuring that pay remains competitive within the local context.
Loan Interviewers and Clerks Salary Distribution in Southwest Maine nonmetropolitan area
Career progression for Loan Interviewers and Clerks typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior roles, requiring more expertise and responsibility, command higher salaries. The percentile gaps in earnings signify clear opportunities for advancement and increased earning potential as professionals develop their skills and tenure in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,790 | $19.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,030 | $17.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,050 | $22.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,050 | $28.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,860 | $27.8 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$48,040
Gross Pay
Real Wage (Purchasing Power)
$48,040
Adjusted for COL (100)
The average annual salary of $48,040 in Southwest Maine aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Loan Interviewer and Clerk's salary in this region is comparable to the national standard, offering a stable financial environment for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
210
Total Jobs
1.465
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Southwest Maine nonmetropolitan area has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.
The Location Quotient of 1.31 for Loan Interviewers and Clerks in Southwest Maine indicates a higher concentration of these jobs compared to the national average. This suggests that the job market in this nonmetropolitan area is relatively robust for this specific occupation, with more opportunities available per capita than in many other regions across the country.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Loan Interviewers and Clerks Salary | $48,510↑ 1% | 31 mi |
| Lewiston-Auburn, ME Loan Interviewers and Clerks Salary | $50,940↑ 6% | 57 mi |
| Portland-South Portland, ME Loan Interviewers and Clerks Salary | $51,000↑ 6% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Southwest Maine nonmetropolitan area?
The median annual salary for a Loan Interviewers and Clerks in Southwest Maine nonmetropolitan area is $48,040. This typically ranges from $39,790 for entry-level positions to $57,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 5.9% lower than the national median of $51,050.
Is Southwest Maine nonmetropolitan area a lucrative place for Loan Interviewers and Clerks?
No, but it is competitive.While the average salary of $48,040 is slightly below the national average, the Location Quotient of 1.31 indicates a strong concentration of these roles, suggesting good job availability relative to the population.
Is Southwest Maine nonmetropolitan area a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($48,510) and Lewiston-Auburn, ME.
How does Southwest Maine's salary compare to the national average for Loan Interviewers and Clerks?
The average annual salary in Southwest Maine is $48,040, which is slightly lower than the national average of $51,050.
What is the Cost of Living in Southwest Maine compared to the national average?
Southwest Maine has a Cost of Living Index of 100, which is exactly the same as the national average, indicating a neutral cost of living.
Is there a high demand for Loan Interviewers and Clerks in Southwest Maine?
With a Location Quotient of 1.31, there is a higher concentration of these jobs in Southwest Maine than the national average, suggesting a relatively strong local demand.
How many Loan Interviewers and Clerks are there in Southwest Maine?
The total local workforce for Loan Interviewers and Clerks in Southwest Maine is approximately 210 individuals.
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 Southwest Maine nonmetropolitan area area with a job density of 1.465 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 Southwest Maine nonmetropolitan area