Average Tellers Salary in Albany-Schenectady-Troy, NY
In Albany-Schenectady-Troy, NY, Tellers earn an average annual salary of $40,810. This figure is remarkably close to the national average of $40,940, indicating a stable compensation landscape for this role within the region. Local economic factors and the specific demand for banking services in this metropolitan area likely contribute to this alignment.
Executive Summary
- Average Salary: $40,810 per year.
- Growth Trend: Salaries have shifted 23.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,970.
- Outlook: The Albany-Schenectady-Troy area supports a local workforce of 980 Tellers, with 2.21 jobs per 1,000 workers. A Location Quotient of 1.0 suggests that the concentration of Tellers in this region is on par with the national average. This indicates a steady, albeit not exceptionally concentrated, demand for these professionals, suggesting a robust but stable job market.
Salary Overview
The average Tellers in Albany-Schenectady-Troy, NY earns-0.3%below the national average.
$19.6
$785
$3,401
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in Albany-Schenectady-Troy have experienced modest growth over the past four years, mirroring general economic trends and inflation adjustments. This suggests a consistent, albeit gradual, upward trajectory in earning potential for those in this profession within the region.
Tellers Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which often come with increased responsibilities and higher compensation. While specific salary percentiles are not detailed here, the typical salary range for Tellers can vary significantly, with junior roles earning less and experienced professionals commanding higher salaries, reflecting a clear path for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,830 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,608 | $14.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,970 | $18.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $51,013 | $24.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,970 | $22.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$40,810
Gross Pay
Real Wage (Purchasing Power)
$40,810
Adjusted for COL (100)
The average annual salary of $40,810 in Albany-Schenectady-Troy aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly in line with the rest of the country, offering no significant advantage or disadvantage in terms of real income when relocating.
Job Market Context
980
Total Jobs
2.21
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.0, the Albany-Schenectady-Troy market exhibits a Teller concentration that is precisely average compared to the national landscape. This suggests that the job market for Tellers is neither exceptionally competitive nor particularly abundant; rather, it reflects a balanced supply and demand equilibrium, making it a predictable environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Tellers Salary | $41,470↑ 2% | 31 mi |
| Glens Falls, NY Tellers Salary | $39,900↓ 2% | 45 mi |
| Kingston, NY Tellers Salary | $41,970↑ 3% | 52 mi |
| Southwest New York nonmetropolitan area Tellers Salary | $38,880↓ 5% | 68 mi |
| Central East New York nonmetropolitan area Tellers Salary | $40,970↑ 0% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Albany-Schenectady-Troy, NY?
The median annual salary for a Tellers in Albany-Schenectady-Troy, NY is $40,810. This typically ranges from $36,830 for entry-level positions to $45,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 0.3% lower than the national median of $40,940.
Is Albany-Schenectady-Troy, NY a lucrative place for Tellers?
No, it is not significantly more lucrative than the national average.The average salary for Tellers in Albany-Schenectady-Troy is $40,810, which is nearly identical to the national average of $40,940. Furthermore, the cost of living is also at the national average, meaning there is no substantial financial advantage to working as a Teller in this region compared to other parts of the country.
Is Albany-Schenectady-Troy, NY a good place to live for Tellers?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($41,470) and Glens Falls, NY.
How does the Teller salary in Albany compare to the national average?
The average annual salary for Tellers in Albany-Schenectady-Troy is $40,810, which is very close to the national average of $40,940, indicating comparable earning potential.
What is the cost of living in Albany-Schenectady-Troy, NY?
The Cost of Living Index for Albany-Schenectady-Troy is 100, which is exactly the national average, suggesting that everyday expenses are neither higher nor lower than the typical US city.
How many Tellers are employed in the Albany-Schenectady-Troy area?
There are approximately 980 Tellers employed within the Albany-Schenectady-Troy metropolitan area.
Is the job market for Tellers concentrated in Albany-Schenectady-Troy?
No, the Location Quotient of 1.0 indicates that the concentration of Tellers in this region is average, meaning it is not disproportionately higher or lower than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 980 employees in the Albany-Schenectady-Troy, NY area with a job density of 2.21 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 Albany-Schenectady-Troy, NY