Average Loan Interviewers and Clerks Salary in Southwest Oklahoma nonmetropolitan area
In the Southwest Oklahoma nonmetropolitan area, Loan Interviewers and Clerks earn an average annual salary of $42,750. This figure is notably below the national average of $51,050, reflecting the economic dynamics and potentially lower demand for these specialized roles in a nonmetropolitan setting. Regional economic factors and the specific needs of the local financial institutions often dictate compensation levels.
Executive Summary
- Average Salary: $42,750 per year.
- Growth Trend: Salaries have shifted 15.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,260.
- Outlook: The job market for Loan Interviewers and Clerks in Southwest Oklahoma is characterized by a modest workforce of 210 individuals. However, a Location Quotient of 3 indicates a significantly higher concentration of these roles compared to the national average. This suggests a localized demand that, while not massive in absolute numbers, is proportionally strong within the region's employment landscape.
Salary Overview
The average Loan Interviewers and Clerks in Southwest Oklahoma nonmetropolitan area earns-16.3%below the national average.
$20.6
$822
$3,563
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data for this niche role in Southwest Oklahoma is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery and evolving financial service needs likely contributed to incremental increases, though the pace may differ from metropolitan areas.
Loan Interviewers and Clerks Salary Distribution in Southwest Oklahoma nonmetropolitan area
Career progression for Loan Interviewers and Clerks typically involves moving from entry-level positions to more senior roles, which are compensated at higher salary percentiles. The gap between starting salaries and those earned by experienced professionals signifies increased responsibility, specialized knowledge, and a proven track record within the financial sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,820 | $14.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,063 | $15.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,670 | $18.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,438 | $25.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,260 | $29.9 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$42,750
Gross Pay
Real Wage (Purchasing Power)
$42,750
Adjusted for COL (100)
The average annual salary of $42,750 in Southwest Oklahoma aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income is equivalent to the national standard, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
210
Total Jobs
3.373
Per 1K Jobs
3
Location Quotient
Southwest Oklahoma nonmetropolitan area has 3.0x 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 3, Southwest Oklahoma exhibits a concentration of Loan Interviewer and Clerk positions that is three times the national average. This indicates a relatively robust local demand for these professionals, suggesting that while the overall job market might be smaller, opportunities within this specific field are proportionally more abundant than in many other regions.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Loan Interviewers and Clerks Salary | $46,860↑ 10% | 34 mi |
| Tulsa, OK Loan Interviewers and Clerks Salary | $48,910↑ 14% | 69 mi |
| Enid, OK Loan Interviewers and Clerks Salary | $45,430↑ 6% | 78 mi |
Comparing salaries near Southwest Oklahoma nonmetropolitan area
Hiring Loan Interviewers and Clerkss?
Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Southwest Oklahoma nonmetropolitan area?
The median annual salary for a Loan Interviewers and Clerks in Southwest Oklahoma nonmetropolitan area is $42,750. This typically ranges from $30,820 for entry-level positions to $62,260 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Oklahoma nonmetropolitan area is 16.3% lower than the national median of $51,050.
Is Southwest Oklahoma nonmetropolitan area a lucrative place for Loan Interviewers and Clerks?
No, it is not a particularly lucrative place.The average salary of $42,750 is significantly below the national average, even though the cost of living is on par with the national average.
Is Southwest Oklahoma nonmetropolitan area a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Southwest Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($46,860) and Tulsa, OK.
How does the local workforce size affect job prospects?
The local workforce of 210 is relatively small, but the high Location Quotient suggests that these roles are proportionally more common and in demand within this specific nonmetropolitan area compared to national averages.
What does a Location Quotient of 3 mean for job seekers?
A Location Quotient of 3 signifies that Loan Interviewers and Clerks are three times more concentrated in Southwest Oklahoma than the national average, indicating a potentially stronger local job market for this profession.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $42,750 salary has the same purchasing power as the national average salary, meaning your income stretches equally far in Southwest Oklahoma as it would nationally.
Are there significant salary increases with experience?
While specific data isn't provided, it's standard in this field for experienced Loan Interviewers and Clerks to earn higher salaries than entry-level workers, reflecting increased skills and responsibilities.
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 Oklahoma nonmetropolitan area area with a job density of 3.373 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 Oklahoma nonmetropolitan area