Average Loan Interviewers and Clerks Salary in Washington
Loan Interviewers and Clerks in Washington State earn an impressive average annual salary of $60,870, significantly surpassing the national average of $51,050. This elevated compensation is likely driven by a combination of factors including the state's robust economic landscape and potentially higher regional demand for financial services professionals.
Executive Summary
- Average Salary: $60,870 per year.
- Growth Trend: Salaries have shifted 28.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $77,370.
- Outlook: With a local workforce of 3,220 Loan Interviewers and Clerks, Washington demonstrates a substantial presence in this sector. The Location Quotient of 0.81 suggests a concentration slightly below the national average, indicating a stable but not overly saturated market. This balance points to consistent demand for skilled professionals within the state.
Salary Overview
The average Loan Interviewers and Clerks in Washington earns+19.2%above the national average.
$29.3
$1,171
$5,073
Loan Interviewers and Clerks Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Loan Interviewers and Clerks in Washington have seen steady growth over the past four years, mirroring national trends. Economic expansion and evolving financial service needs typically correlate with upward salary adjustments in this field.
Loan Interviewers and Clerks Salary Distribution in Washington
Career progression for Loan Interviewers and Clerks typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior roles, with their added responsibilities and expertise, command salaries in the higher percentiles, reflecting a clear path for career and financial advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,260 | $21.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $45,653 | $21.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,860 | $28.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $76,088 | $36.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $77,370 | $37.2 |
Detailed Loan Interviewers and Clerks Market Analysis
Relocation Context
Nominal Salary
$60,870
Gross Pay
Real Wage (Purchasing Power)
$52,884
Adjusted for COL (115.1)
The average annual salary of $60,870 in Washington State is juxtaposed with a Cost of Living Index of 115.1. This means that while the nominal salary is higher than the national average, the cost of goods and services is also approximately 15.1% above the national average, requiring careful budgeting for individuals relocating to the area.
Job Market Context
3,220
Total Jobs
0.91
Per 1K Jobs
0.81
Location Quotient
Washington has 0.81x the national average concentration of Loan Interviewers and Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.81 indicates that Loan Interviewers and Clerks are employed in Washington at a rate slightly lower than the national average. This suggests that while the profession is present and valued, the market may not be as intensely concentrated as in some other regions, potentially offering a balanced environment for job seekers.
Nearby Job Markets
Nearby Cities for Loan Interviewers and Clerks
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Loan Interviewers and Clerks Salary | $65,280↑ 7% | 42 mi |
| Wenatchee-East Wenatchee, WA Loan Interviewers and Clerks Salary | $51,750↓ 15% | 54 mi |
| Bremerton-Silverdale-Port Orchard, WA Loan Interviewers and Clerks Salary | $55,780↓ 8% | 58 mi |
| Olympia-Lacey-Tumwater, WA Loan Interviewers and Clerks Salary | $60,470↓ 1% | 70 mi |
| Yakima, WA Loan Interviewers and Clerks Salary | $55,390↓ 9% | 71 mi |
Comparing salaries near Washington
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Frequently Asked Questions
How much does a Loan Interviewers and Clerks make in Washington?
The median annual salary for a Loan Interviewers and Clerks in Washington is $60,870. This typically ranges from $45,260 for entry-level positions to $77,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington is 19.2% higher than the national median of $51,050.
Is Washington a lucrative place for Loan Interviewers and Clerks?
Yes, Washington offers a lucrative environment for Loan Interviewers and Clerks.The average salary of $60,870 significantly exceeds the national average, providing a strong earning potential despite a slightly higher cost of living.
Is Washington a good place to live for Loan Interviewers and Clerks?
The Cost of Living Index in Washington is 115.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($65,280) and Wenatchee-East Wenatchee, WA.
How does Washington's average salary compare to the national average?
The average annual salary for Loan Interviewers and Clerks in Washington is $60,870, which is considerably higher than the national average of $51,050.
What is the concentration of Loan Interviewers and Clerks in Washington?
Washington has a Location Quotient of 0.81 for this role, indicating a slightly lower concentration compared to the national average.
How does the cost of living in Washington affect the salary?
With a Cost of Living Index of 115.1, Washington is about 15.1% more expensive than the national average, meaning the higher salary needs to be considered in light of increased living expenses.
What does the number of jobs per 1,000 workers signify?
Having 0.91 jobs per 1,000 workers suggests a moderate presence of Loan Interviewer and Clerk roles relative to the overall workforce in Washington.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,220 employees in the Washington area with a job density of 0.91 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 Washington