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Average Loan Interviewers and Clerks Salary in Virginia

Loan Interviewers and Clerks in Virginia earn an impressive average annual salary of $54,270, surpassing the national average of $51,050. This favorable compensation is influenced by Virginia's specific economic landscape and demand for financial services professionals. The state's economic drivers and the specialized nature of these roles contribute to this elevated pay scale.

Executive Summary

  • Average Salary: $54,270 per year.
  • Growth Trend: Salaries have shifted 21.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $72,680.
  • Outlook: With a total local workforce of 5,050 Loan Interviewers and Clerks, Virginia demonstrates a significant presence in this sector. The Location Quotient of 1.11 indicates a concentration of these roles slightly above the national average, suggesting a robust and potentially growing job market for these professionals within the state.
2024 Market Data

Salary Overview

$54,270

The average Loan Interviewers and Clerks in Virginia earns+6.3%above the national average.

BreakdownBased on 40h/week
Hourly

$26.1

Weekly

$1,044

Monthly

$4,523

Loan Interviewers and Clerks Salary Distribution in Virginia

Career progression for Loan Interviewers and Clerks in Virginia typically involves a clear salary scaling from entry-level to senior positions. As professionals gain experience, develop specialized skills, and take on more complex responsibilities, their earning potential increases significantly. The gaps between salary percentiles highlight these opportunities for advancement and increased compensation throughout one's career.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,970$17.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$40,703$19.6
ManagerOversees team, compliance, and project delivery.50% (Median)$50,910$24.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$67,838$32.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$72,680$34.9

Detailed Loan Interviewers and Clerks Market Analysis

Relocation Context

Nominal Salary

$54,270

Gross Pay

Real Wage (Purchasing Power)

$53,521

Adjusted for COL (101.4)

The average annual salary of $54,270 in Virginia presents a strong financial standing when considered against the local Cost of Living Index of 101.4. This index, only slightly above the national average, suggests that the higher nominal salary translates into good purchasing power, making Virginia an economically viable location for these professionals.

Job Market Context

5,050

Total Jobs

1.242

Per 1K Jobs

1.11

Location Quotient

Above Average

With a location quotient of 1.11, Virginia has a slightly higher-than-average concentration of Loan Interviewers and Clerks roles compared to the national norm.

A Location Quotient of 1.11 signifies that Loan Interviewers and Clerks are more concentrated in Virginia than the national average. This suggests a healthy demand for these roles within the state, indicating a competitive yet accessible job market where skilled professionals are valued and sought after.

Nearby Job Markets

Nearby Cities for Loan Interviewers and Clerks

CitySalaryDist.
Charlottesville, VA Loan Interviewers and Clerks Salary$45,120↓ 17%25 mi
Richmond, VA Loan Interviewers and Clerks Salary$54,090↓ 0%41 mi
Staunton-Stuarts Draft, VA Loan Interviewers and Clerks Salary$48,830↓ 10%56 mi
Harrisonburg, VA Loan Interviewers and Clerks Salary$47,870↓ 12%60 mi
Lynchburg, VA Loan Interviewers and Clerks Salary$48,840↓ 10%61 mi

Comparing salaries near Virginia

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Frequently Asked Questions

How much does a Loan Interviewers and Clerks make in Virginia?

The median annual salary for a Loan Interviewers and Clerks in Virginia is $54,270. This typically ranges from $35,970 for entry-level positions to $72,680 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Virginia is 6.3% higher than the national median of $51,050.

Is Virginia a lucrative place for Loan Interviewers and Clerks?

Yes, Virginia offers a lucrative environment for Loan Interviewers and Clerks.The average salary of $54,270 significantly exceeds the national average, and the cost of living is only marginally higher, ensuring strong purchasing power.

Is Virginia a good place to live for Loan Interviewers and Clerks?

The Cost of Living Index in Virginia is 101.4. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Virginia?

Some top paying nearby cities include Charlottesville, VA ($45,120) and Richmond, VA.

How does Virginia's salary compare to the national average?

Loan Interviewers and Clerks in Virginia earn an average of $54,270 annually, which is higher than the national average of $51,050.

What is the concentration of Loan Interviewers and Clerks in Virginia?

Virginia has a Location Quotient of 1.11 for Loan Interviewers and Clerks, indicating a slightly higher concentration of these jobs compared to the national average.

How does the cost of living in Virginia affect the salary?

With a Cost of Living Index of 101.4, Virginia's cost of living is just above the national average, meaning the higher salary offers good real value and purchasing power.

What is the total number of Loan Interviewers and Clerks in Virginia?

There are approximately 5,050 Loan Interviewers and Clerks employed in Virginia.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,050 employees in the Virginia area with a job density of 1.242 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Loan Interviewers and Clerks • Data source: BLS OEWS 2024 •Jobs in Virginia