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Average Loan Interviewers and Clerks Salary in Worcester, MA

In Worcester, MA, Loan Interviewers and Clerks earn an average annual salary of $53,840, surpassing the national average of $51,050. This slightly higher compensation reflects the specific economic dynamics and demand within the Worcester metropolitan area for these essential financial roles.

Executive Summary

  • Average Salary: $53,840 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $66,630.
  • Outlook: The job market for Loan Interviewers and Clerks in Worcester, MA, shows a moderate level of activity, with a total local workforce of 210 individuals in this role. The Location Quotient of 0.53 indicates that this profession is less concentrated in Worcester compared to the national average, suggesting a stable but not exceptionally high demand.
2024 Market Data

Salary Overview

$53,840

The average Loan Interviewers and Clerks in Worcester, MA earns+5.5%above the national average.

BreakdownBased on 40h/week
Hourly

$25.9

Weekly

$1,035

Monthly

$4,487

Loan Interviewers and Clerks Salary Distribution in Worcester, MA

Career progression for Loan Interviewers and Clerks in Worcester, MA, is marked by increasing earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while experienced professionals with specialized skills or supervisory responsibilities can command significantly higher salaries, often reaching the upper percentiles.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$43,380$20.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$40,380$19.4
ManagerOversees team, compliance, and project delivery.50% (Median)$50,250$24.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$67,300$32.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$66,630$32

Detailed Loan Interviewers and Clerks Market Analysis

Relocation Context

Nominal Salary

$53,840

Gross Pay

Real Wage (Purchasing Power)

$53,840

Adjusted for COL (100)

The average annual salary of $53,840 in Worcester, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Loan Interviewer's or Clerk's salary in Worcester is equivalent to the national standard, offering a balanced financial landscape for residents.

Job Market Context

210

Total Jobs

0.595

Per 1K Jobs

0.53

Location Quotient

Below Average

Worcester, MA has 0.53x 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.

With a Location Quotient of 0.53, the market for Loan Interviewers and Clerks in Worcester, MA, is less concentrated than the national average. This suggests that while the profession is present, it is not a dominant industry, potentially leading to a moderately competitive job market where skilled candidates can find opportunities without facing extreme saturation.

Nearby Job Markets

Nearby Cities for Loan Interviewers and Clerks

CitySalaryDist.
Providence-Warwick, RI-MA Loan Interviewers and Clerks Salary$50,920↓ 5%37 mi
Amherst Town-Northampton, MA Loan Interviewers and Clerks Salary$53,670↓ 0%37 mi
Boston-Cambridge-Newton, MA-NH Loan Interviewers and Clerks Salary$55,510↑ 3%37 mi
Springfield, MA Loan Interviewers and Clerks Salary$52,100↓ 3%39 mi

Comparing salaries near Worcester, MA

Hiring Loan Interviewers and Clerkss?

Frequently Asked Questions

How much does a Loan Interviewers and Clerks make in Worcester, MA?

The median annual salary for a Loan Interviewers and Clerks in Worcester, MA is $53,840. This typically ranges from $43,380 for entry-level positions to $66,630 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Worcester, MA is 5.5% higher than the national median of $51,050.

Is Worcester, MA a lucrative place for Loan Interviewers and Clerks?

Yes, moderately so.Loan Interviewers and Clerks in Worcester earn slightly above the national average salary, and the cost of living is precisely at the national average, offering good purchasing power.

Is Worcester, MA a good place to live for Loan Interviewers and Clerks?

The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Worcester, MA?

Some top paying nearby cities include Providence-Warwick, RI-MA ($50,920) and Amherst Town-Northampton, MA.

How does Worcester's salary compare to the national average for this role?

Loan Interviewers and Clerks in Worcester, MA, earn an average of $53,840 annually, which is higher than the national average of $51,050.

What is the cost of living in Worcester, MA for this profession?

Worcester, MA has a Cost of Living Index of 100, which is exactly the national average, meaning your salary's purchasing power is standard.

How concentrated is the job market for Loan Interviewers and Clerks in Worcester?

The job market is less concentrated than the national average, with a Location Quotient of 0.53, indicating a stable but not overly saturated field.

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

There are approximately 210 Loan Interviewers and Clerks working in the Worcester, MA area.

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 Worcester, MA area with a job density of 0.595 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 Worcester, MA