These Are The 10 States With The Highest Foreclosure Specialist Salaries For 2017

Chris Kolmar
by Chris Kolmar
Rankings, Salaries - 6 months ago
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Without fail, in surveys across basically every demographic, the number one most important aspect of a job for most people is the salary — how much do foreclosure specialists get paid where I live?

And while there are many things to go into how much you, specifically, can expect to make, there’s really good data for average salaries for foreclosure specialists by state across America broken down by seniority level. So while your city may be slightly different than the state average, these averages give you a rough sense of what to expect for your salary.

To better understand how salaries change across America, we decided to take a look the most recent data from the Bureau of Labor Statistics on average pay for foreclosure specialists by state.

Additionally, we wanted to adjust the salary based on the cost of living in a state — because your salary goes further in North Carolina than it does in California.

The state with the best salary for foreclosure specialists after this adjustment? That would be Financial Specialists, All Other.

Here’s a quick snapshot of the top ten states for salaries:

  1. Illinois
  2. Arizona
  3. Virginia
  4. Georgia
  5. Texas
  6. Oklahoma
  7. Ohio
  8. Alabama
  9. Pennsylvania
  10. North Carolina

Let’s take a look at how we got here and a full ranking of all the states.

If you’re interested, you can read more about the job scene here:

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How we determined pay by state

As we mentioned earlier, we took the average annual salary data for foreclosure specialists from the 2016 Bureau of Labor Statistics — specifically their ‘Occupational Employment Statistics.’

To make the comparison of salaries apples to apples across states, we also took into account the cost of living in each state.

We then created an index by dividing the average wage for a state by the cost of living relative to average. As an example, the cost of living index in California is 135.9 and the average pay is $80390, so our index value would be:

$80,390 * (100 / 135.9) = $59,153

We then ranked every state on this criteria with the state with the highest salary index ranking as highest average salary for foreclosure specialists.

Here’s a look at the full ranking for all states.

For more reading, check out:

Detailed List Of Foreclosure Specialist Salaries By State

Rank State Adjusted Salary Average Wage Cost Of Living
1 Illinois $94,302 $89,210 94.6
2 Arizona $88,020 $86,260 98.0
3 Virginia $86,091 $86,780 100.8
4 Georgia $83,468 $76,290 91.4
5 Texas $81,995 $74,370 90.7
6 Oklahoma $80,773 $72,050 89.2
7 Ohio $79,861 $74,910 93.8
8 Alabama $79,649 $72,640 91.2
9 Pennsylvania $77,810 $78,900 101.4
10 North Carolina $77,465 $72,740 93.9
11 Indiana $76,871 $68,800 89.5
12 Michigan $76,853 $68,400 89.0
13 New York $76,648 $100,410 131.0
14 Tennessee $74,720 $66,800 89.4
15 Iowa $73,538 $66,920 91.0
16 Nebraska $73,526 $67,350 91.6
17 West Virginia $72,130 $67,370 93.4
18 Washington $71,539 $75,260 105.2
19 Florida $71,434 $70,220 98.3
20 Massachusetts $70,194 $93,640 133.4
21 Mississippi $68,847 $59,140 85.9
22 Utah $68,086 $63,320 93.0
23 Colorado $67,899 $70,480 103.8
24 Minnesota $67,876 $68,420 100.8
25 Idaho $67,155 $61,850 92.1
26 Delaware $66,903 $67,840 101.4
27 South Dakota $66,364 $68,820 103.7
28 Connecticut $64,909 $82,890 127.7
29 Montana $64,781 $65,300 100.8
30 Oregon $64,749 $74,850 115.6
31 Kansas $63,704 $57,270 89.9
32 South Carolina $62,872 $62,370 99.2
33 New Jersey $62,657 $76,380 121.9
34 North Dakota $62,374 $62,000 99.4
35 Louisiana $61,308 $58,120 94.8
36 New Hampshire $60,316 $70,570 117.0
37 Kentucky $60,298 $54,570 90.5
38 Wyoming $59,847 $54,940 91.8
39 Maine $59,693 $66,140 110.8
40 Arkansas $59,368 $51,710 87.1
41 Rhode Island $59,362 $71,650 120.7
42 California $59,153 $80,390 135.9
43 Vermont $58,769 $71,170 121.1
44 Maryland $58,000 $72,790 125.5
45 New Mexico $57,927 $55,900 96.5
46 Wisconsin $57,913 $56,060 96.8
47 Nevada $52,013 $53,730 103.3
48 Alaska $51,815 $67,930 131.1
49 Hawaii $44,615 $74,910 167.9

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