Tellers in Akron, Ohio earn an average annual salary of $42,810, slightly exceeding the national average of $40,940. This marginal advantage is influenced by the specific economic conditions and demand within the Akron metropolitan area, which shapes compensation for financial service roles.
Executive Summary
- Average Salary: $42,810 per year.
- Growth Trend: Salaries have shifted 24.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,710.
- Outlook: With a local workforce of approximately 700 Tellers, Akron presents a stable employment landscape for this profession. The Location Quotient of 0.99 indicates that the concentration of Tellers in Akron is nearly on par with the national average, suggesting a steady but not exceptionally high demand relative to other occupations.
Tellers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that Teller salaries in Akron have experienced gradual growth over the past four years, mirroring national trends of modest wage increases in the financial sector. This upward trajectory is typically driven by inflation, evolving job responsibilities, and the need for competitive compensation to attract and retain qualified personnel.
Tellers Salary Distribution in Akron, OH
Career progression for Tellers in Akron typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,330 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,108 | $15.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,390 | $20.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,513 | $25.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,710 | $22.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$42,810
Gross Pay
Real Wage (Purchasing Power)
$42,810
Adjusted for COL (100)
The average annual salary of $42,810 in Akron aligns perfectly with the local Cost of Living Index of 100, which is the national benchmark. This means that the purchasing power of a Teller's salary in Akron is equivalent to the national average, indicating that the nominal wage effectively covers living expenses without a significant premium or discount.
Job Market Context
700
Total Jobs
2.186
Per 1K Jobs
0.99
Location Quotient
Akron, OH has 0.99x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
Akron's Location Quotient of 0.99 for Tellers signifies a job market that closely mirrors the national distribution of this role. This suggests that the employment opportunities for Tellers in Akron are neither exceptionally concentrated nor scarce compared to the rest of the country, indicating a balanced and competitive market.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Tellers Salary | $39,960↓ 7% | 20 mi |
| Cleveland, OH Tellers Salary | $43,130↑ 1% | 29 mi |
| Youngstown-Warren, OH Tellers Salary | $39,370↓ 8% | 46 mi |
| Mansfield, OH Tellers Salary | $39,740↓ 7% | 57 mi |
| Sandusky, OH Tellers Salary | $40,900↓ 4% | 66 mi |
Comparing salaries near Akron, OH
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Akron, OH?
The median annual salary for a Tellers in Akron, OH is $42,810. This typically ranges from $37,330 for entry-level positions to $46,710 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 4.6% higher than the national median of $40,940.
Is Akron, OH a lucrative place for Tellers?
Yes, it offers competitive compensation.Tellers in Akron earn slightly above the national average salary, and with a cost of living index matching the national average, their earnings provide equivalent purchasing power.
Is Akron, OH a good place to live for Tellers?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($39,960) and Cleveland, OH.
How does Akron's Teller salary compare to the national average?
The average annual salary for Tellers in Akron, OH is $42,810, which is slightly higher than the national average of $40,940.
What is the Cost of Living in Akron, OH?
Akron, OH has a Cost of Living Index of 100, which is exactly the same as the national average, indicating average living expenses.
How many Tellers are employed in Akron, OH?
There are approximately 700 Tellers employed in the Akron, OH area, representing 2.186 jobs per 1,000 workers.
Is the job market for Tellers strong in Akron?
The job market is stable, with a Location Quotient of 0.99, indicating a concentration of Tellers very close to the national average, suggesting consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 700 employees in the Akron, OH area with a job density of 2.186 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Akron, OH