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Average Tellers Salary in Albuquerque, NM

Tellers in Albuquerque, New Mexico, earn an average annual salary of $39,700. This figure is slightly below the national average of $40,940, indicating a localized compensation structure influenced by regional economic factors and the specific demands of the financial sector within the state.

Executive Summary

  • Average Salary: $39,700 per year.
  • Growth Trend: Salaries have shifted 28.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,280.
  • Outlook: With a local workforce of 1,030 Tellers and a Location Quotient of 1.17, Albuquerque demonstrates a slightly higher concentration of these roles compared to the national average. This suggests a stable, albeit not rapidly expanding, demand for Tellers within the city, supported by a consistent presence in the local job market.
2024 Market Data

Salary Overview

$39,700

The average Tellers in Albuquerque, NM earns-3.0%below the national average.

BreakdownBased on 40h/week
Hourly

$19.1

Weekly

$763

Monthly

$3,308

Tellers Salary Distribution in Albuquerque, NM

The salary progression for Tellers in Albuquerque typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive knowledge of financial products and customer service can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies clear career advancement opportunities within the Teller profession.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$30,440$14.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$29,775$14.3
ManagerOversees team, compliance, and project delivery.50% (Median)$39,450$19
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$49,625$23.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,280$22.3

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$39,700

Gross Pay

Real Wage (Purchasing Power)

$39,700

Adjusted for COL (100)

An average annual salary of $39,700 in Albuquerque aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in Albuquerque is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.

Job Market Context

1,030

Total Jobs

2.57

Per 1K Jobs

1.17

Location Quotient

Above Average

With a location quotient of 1.17, Albuquerque, NM has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.17 for Tellers in Albuquerque indicates that the city has a slightly higher concentration of these jobs than the national average. This suggests a healthy, competitive market where employers may seek candidates with specific local banking experience, while also offering a good number of opportunities for job seekers.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Eastern New Mexico nonmetropolitan area Tellers Salary$36,200↓ 9%29 mi
Northern New Mexico nonmetropolitan area Tellers Salary$37,120↓ 6%29 mi
Santa Fe, NM Tellers Salary$43,360↑ 9%54 mi

Comparing salaries near Albuquerque, NM

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Albuquerque, NM?

The median annual salary for a Tellers in Albuquerque, NM is $39,700. This typically ranges from $30,440 for entry-level positions to $46,280 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Albuquerque, NM is 3.0% lower than the national median of $40,940.

Is Albuquerque, NM a lucrative place for Tellers?

Moderately lucrative, with salary matching the cost of living.The average Teller salary of $39,700 in Albuquerque is slightly below the national average but is balanced by a Cost of Living Index of 100, meaning purchasing power is on par nationally.

Is Albuquerque, NM a good place to live for Tellers?

The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Albuquerque, NM?

Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($36,200) and Northern New Mexico nonmetropolitan area.

How does Albuquerque's Teller salary compare to the national average?

The average annual salary for Tellers in Albuquerque is $39,700, which is approximately 3% lower than the national average of $40,940.

What is the concentration of Tellers in Albuquerque compared to the rest of the US?

Albuquerque has a Location Quotient of 1.17 for Tellers, indicating a slightly higher concentration of these jobs locally than the national average.

How does the cost of living in Albuquerque affect a Teller's salary?

With a Cost of Living Index of 100, Albuquerque's cost of living is exactly at the national average, meaning the $39,700 salary has the same purchasing power as the national average salary.

What is the total number of Tellers employed in Albuquerque?

There are approximately 1,030 Tellers employed in Albuquerque, contributing to 2.57 jobs per 1,000 workers in the local economy.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,030 employees in the Albuquerque, NM area with a job density of 2.57 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM