Loan clerk demographics and statistics in the US
Loan clerk demographics research summary. Zippia estimates loan clerk demographics and statistics in the United States by using a database of 30 million profiles. Our loan clerk estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about loan clerks after extensive research and analysis:
- There are over 18,374 loan clerks currently employed in the United States.
- 83.1% of all loan clerks are women, while 16.9% are men.
- The average loan clerk age is 41 years old.
- The most common ethnicity of loan clerks is White (60.3%), followed by Hispanic or Latino (14.6%), Black or African American (12.9%) and Asian (7.0%).
- Loan clerks are most in-demand in Oklahoma City, OK.
- The finance industry is the highest-paying for loan clerks.
- Newark, NJ pays an annual average wage of $29,388, the highest in the US.
- In 2022, women loan clerks earned 97% of what men earned.
- 7% of all loan clerks are LGBT.
- California is the best state for loan clerks to live.
- Loan clerks are 56% more likely to work at private companies in comparison to public companies.
On this page
Loan clerk demographics by:
Loan clerk gender statistics
83.1% of loan clerks are women and 16.9% of loan clerks are men.
- Female, 83.1%
- Male, 16.9%
Loan clerk gender ratio
| Gender | Percentages |
|---|---|
| Female | 83.1% |
| Male | 16.9% |
Loan clerk gender pay gap
Women earn 97¢ for every $1 earned by men
Male income
$26,942
Female income
$26,195
Loan clerk gender ratio over time
This data breaks down the percentage of men and women in loan clerk positions over time. Currently, 83.1% of loan clerks are female.
Loan clerk gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 11.42% | 88.58% |
| 2011 | 13.45% | 86.55% |
| 2012 | 13.02% | 86.98% |
| 2013 | 14.16% | 85.84% |
| 2014 | 13.06% | 86.94% |
| 2015 | 14.44% | 85.56% |
| 2016 | 15.52% | 84.48% |
| 2017 | 17.00% | 83.00% |
| 2018 | 16.94% | 83.06% |
| 2019 | 15.40% | 84.60% |
| 2020 | 16.34% | 83.66% |
| 2021 | 16.92% | 83.08% |
Loan clerk related jobs gender ratio
We compared loan clerks with similar job titles to see how gender ratios vary. As you can see, technical service advisor and courtesy associate have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Loan Secretary | 4% | 96% |
| Dental Receptionist | 5% | 95% |
| Receptionist Secretary | 6% | 94% |
| Loan Clerk | 17% | 83% |
| Lead Ramp Agent | 86% | 14% |
| Courtesy Associate | 88% | 12% |
| Technical Service Advisor | 89% | 11% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Loan clerk demographics by race
The most common ethnicity among loan clerks is White, which makes up 60.3% of all loan clerks. Comparatively, 14.6% of loan clerks are Hispanic or Latino and 12.9% of loan clerks are Black or African American.
- White, 60.3%
- Hispanic or Latino, 14.6%
- Black or African American, 12.9%
- Asian, 7.0%
- Unknown, 4.7%
- American Indian and Alaska Native, 0.5%
Loan clerk race
| Loan clerk race | Percentages |
|---|---|
| White | 60.3% |
| Hispanic or Latino | 14.6% |
| Black or African American | 12.9% |
| Asian | 7.0% |
| Unknown | 4.7% |
| American Indian and Alaska Native | 0.5% |
Loan clerk race and ethnicity over time
See how loan clerk racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loan clerk race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 64.36% | 12.00% | 6.42% | 14.31% |
| 2011 | 63.79% | 12.09% | 6.53% | 14.26% |
| 2012 | 65.32% | 13.06% | 5.47% | 13.22% |
| 2013 | 62.37% | 14.81% | 6.71% | 13.10% |
| 2014 | 62.82% | 11.58% | 6.83% | 15.73% |
| 2015 | 64.87% | 12.98% | 6.95% | 12.08% |
| 2016 | 66.36% | 11.09% | 6.06% | 13.71% |
| 2017 | 63.56% | 12.20% | 6.64% | 14.93% |
| 2018 | 65.10% | 11.83% | 7.20% | 12.66% |
| 2019 | 67.37% | 8.31% | 5.62% | 15.52% |
| 2020 | 63.95% | 10.81% | 7.38% | 13.26% |
| 2021 | 60.28% | 12.91% | 6.98% | 14.58% |
Loan clerk wage gap by race
According to our data, hispanic or latino loan clerks have the highest average salary compared to other ethnicities. Black or african american loan clerks have the lowest average salary at $25,165.
| Ethnicity | Salary |
|---|---|
| Unknown | $27,457 |
| White | $27,078 |
| Black or African American | $25,165 |
| Asian | $27,353 |
| Hispanic or Latino | $27,739 |
Average loan clerk age
See how the average age of loan clerks varies based on ethnicity and gender.
Male
Female
Loan clerk age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 32 | 43 |
| White | 34 | 43.5 |
| Black or African American | 38 | 38 |
| Asian | 41 | 45.5 |
| Hispanic or Latino | 39 | 38.5 |
Loan clerk age breakdown
The average age of loan clerks is 40+ years years old, representing 54% of the loan clerk population.
Loan clerk age breakdown
| Loan Clerk Years | Percentages |
|---|---|
| 40+ years | 54% |
| 30-40 years | 28% |
| 20-30 years | 18% |
Loan clerk educational attainment
The most common degree for loan clerks is bachelor's degree, with 40% of loan clerks earning that degree. The second and third most common degree levels are high school diploma degree at 25% and high school diploma degree at 23%.
- Bachelor's, 40%
- High School Diploma, 25%
- Associate, 23%
- Diploma, 7%
- Other Degrees, 5%
Loan clerks by degree level
| Loan clerk degree | Percentages |
|---|---|
| Bachelor's | 40% |
| High School Diploma | 25% |
| Associate | 23% |
| Diploma | 7% |
| Other Degrees | 5% |
Loan clerk jobs you might like
Loan clerk wage gap by degree level
According to the data, loan clerks with a Bachelor's degree earn more than those without, at $28,382 annually. With a High School Diploma degree, loan clerks earn a median annual income of $26,615 compared to $26,488 for loan clerks with an Associate degree.
| Education | Salary |
|---|---|
| High School Diploma or Less | $26,615 |
| Bachelor's Degree | $28,382 |
| Some College/ Associate Degree | $26,488 |
Loan clerk employment statistics
Most loan clerks work for a private in the finance industry.
Company size where loan clerks work
Below, you can see the size of companies where loan clerks work.
Loan clerk jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 6% |
| 50 - 100 employees | 20% |
| 100 - 500 employees | 33% |
| 500 - 1,000 employees | 10% |
| 1,000 - 10,000 employees | 18% |
| > 10,000 employees | 13% |
Loan clerk jobs by company type
Employees with the loan clerk job title have their preferences when it comes to working for a company. For instance, most loan clerks prefer to work at private companies over public companies.
Loan clerk jobs by sector
| Company type | Percentages |
|---|---|
| Education | 4% |
| Public | 36% |
| Private | 56% |
| Government | 4% |
Loan clerk jobs by industry
The most common industries for loan clerks are finance, professional and education.
Loan clerk industry statistics
| Industry | Percentages |
|---|---|
| Finance | 71% |
| Fortune 500 | 7% |
| Professional | 5% |
| Education | 4% |
| Government | 3% |
| Manufacturing | 2% |
| Health Care | 2% |
| Automotive | 1% |
| Real Estate | 1% |
| Internet | 1% |
| Retail | 1% |
| Technology | 1% |
Loan clerk turnover and employment statistics
Loan clerk unemployment rate over time
The unemployment rate for loan clerks between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loan clerk unemployment rate by year
| Year | Loan clerk unemployment rate |
|---|---|
| 2010 | 11.22% |
| 2011 | 9.54% |
| 2012 | 6.27% |
| 2013 | 5.49% |
| 2014 | 7.20% |
| 2015 | 3.15% |
| 2016 | 3.20% |
| 2017 | 2.30% |
| 2018 | 2.81% |
| 2019 | 2.16% |
| 2020 | 2.86% |
| 2021 | 2.21% |
Average loan clerk tenure
The average loan clerk stays at their job for 1-2 years, based on the 2,040 loan clerks resumes in Zippia's database.
Loan clerk tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 21% |
| 1-2 years | 39% |
| 3-4 years | 16% |
| 5-7 years | 13% |
| 8-10 years | 4% |
| 11+ years | 7% |
Loan clerk LGBT ratio compared to similar jobs
Review the percent of loan clerks that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Eligibility Worker | 6.73% | 19,954 |
| Loan Clerk | 6.78% | - |
| Customer Experience Associate | 7.19% | 199,193 |
| Cut File Clerk | 8.60% | 66,500 |
| Credit Investigator | 8.99% | 9,442 |
| Library Circulation Assistant | 11.16% | 1,137 |
| Human Resources Assistant & Recruiter | 15.31% | 68,356 |
Similar loan clerk jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Eligibility Worker | 6.73% | 19,954 |
| Customer Experience Associate | 7.19% | 199,193 |
| Cut File Clerk | 8.60% | 66,500 |
| Credit Investigator | 8.99% | 9,442 |
| Library Circulation Assistant | 11.16% | 1,137 |
| Human Resources Assistant & Recruiter | 15.31% | 68,356 |
Foreign languages spoken by loan clerks
The most common foreign language among loan clerks is Spanish at 72.3%. The second-most popular foreign language spoken is Portuguese at 6.4% and Chinese is the third-most popular at 4.3%.
- Spanish, 72.3%
- Portuguese, 6.4%
- Chinese, 4.3%
- Mandarin, 4.3%
- Ukrainian, 2.1%
- Other, 10.6%
Loan clerk languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 72.3% |
| Portuguese | 6.4% |
| Chinese | 4.3% |
| Mandarin | 4.3% |
| Ukrainian | 2.1% |
| Other | 10.6% |
