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Loan Interviewers and Clerks Salary in Maryland: Cost of Living Adjusted (2024)

What does a Loan Interviewers and Clerks salary really buy you in Maryland?

Maryland is 5.0% pricier than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$58,260
Median annual (2024)
-4.8%
Real Purchasing Power
$55,485
COL-adjusted (RPP=105.0)

Maryland Cost of Living Index

Maryland's Regional Price Parity (RPP) is 105.0, meaning prices are 5.0% higher the national average. A Loan Interviewers and Clerks earning $58,260 in Maryland has the equivalent purchasing power of $55,485 in an average-cost US state.

MD: 105.0
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Maryland's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $38,330 $36,504 $-1,825
25th Percentile (P25) $48,110 $45,819 $-2,290
Median (P50) $58,260 $55,485 $-2,774
75th Percentile (P75) $63,570 $60,542 $-3,027
90th Percentile (P90) $72,260 $68,819 $-3,440
Key Insight

While $58,260 sounds high, Maryland's elevated cost of living erases 5% of that salary's purchasing power. Your real buying power is $55,485. Consider whether the higher pay offsets the higher costs.

Best States for Loan Interviewers and Clerks (After Cost of Living)

Where does Loan Interviewers and Clerks salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$60,071
RPP 98.0
$56,899
RPP 88.7
$55,485
RPP 105.0
4. Iowa
$54,739
RPP 88.4
$54,210
RPP 106.4
6. Ohio
$53,956
RPP 91.5
$53,606
RPP 109.8
8. Nevada
$53,236
RPP 96.4
$53,184
RPP 94.2
10. Montana
$52,978
RPP 90.3

Maryland ranks #3 out of 50 states for Loan Interviewers and Clerks after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Loan Interviewers and Clerks in Maryland after cost of living?

A Loan Interviewers and Clerks in Maryland earns a median salary of $58,260 per year. After adjusting for Maryland's cost of living (RPP=105.0), the real purchasing power is $55,485 — a -4.8% difference.

Is Maryland expensive to live in?

Maryland's cost of living is 5.0% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Maryland is 105.0 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Loan Interviewers and Clerks in Maryland: $58,260 x (100 / 105.0) = $55,485. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Maryland offset the salary?

Partially — a Loan Interviewers and Clerks's nominal salary of $58,260 in Maryland has 4.8% less purchasing power due to higher living costs. The real value is $55,485. However, Maryland may offer better career opportunities, networking, and industry access.

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