How much does a Commercial Loan Clerk make in Somerville, MA?
As of February 01, 2025, the average annual salary for a Commercial Loan Clerk in Somerville, MA is $51,713. According to Salary.com, salaries can range from a low of $40,556 to a high of $64,786, with most professionals earning between $45,873 and $58,556.
How much does a Commercial Loan Clerk make by hour, week, month, and year?
Salary.com provides you with accurate and diversified Commercial Loan Clerk salary data based on specialized databases to help you get a fairer salary.
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Last Updated on February 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$52,235 |
$4,353 |
$1,005 |
$25 |
Average |
$46,131 |
$3,844 |
$887 |
$22 |
25th Percentile |
$40,921 |
$3,410 |
$787 |
$20 |
Last Updated on February 01, 2025
How Does Experience Level Affect a Commercial Loan Clerk's Salary?
An entry-level Commercial Loan Clerk with under 1 year experience makes about $47,986.
With less than 2 years of experience, a mid-level Commercial Loan Clerk makes around $48,417.
After 2-4 years, the Commercial Loan Clerk pay rises to about $51,976.
Those senior Commercial Loan Clerk with 5-8 years of experience earn roughly $56,534, and those Commercial Loan Clerk having 8 years or more experience are expected to earn about $56,837 on average.
Levels |
Salary |
Entry Level Commercial Loan Clerk
|
$47,986
|
Intermediate Level Commercial Loan Clerk
|
$48,417
|
Senior Level Commercial Loan Clerk
|
$51,976
|
Specialist Level Commercial Loan Clerk
|
$56,534
|
Expert Level Commercial Loan Clerk
|
$56,837
|
$47,986
0 yr
$48,417
< 2 yrs
$51,976
2-4 yrs
$56,534
5-8 yrs
$56,837
> 8 yrs
Last Updated on February 01, 2025
Entry Level
|
4%
|
Mid Level
|
5%
|
Senior Level
|
13%
|
Top Level
|
23%
|
Experienced
|
23%
|
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Last Updated on February 01, 2025