Average Tellers Salary in Altoona, PA
In Altoona, PA, Tellers can expect an average annual salary of $35,840. This figure is notably below the national average of $40,940, suggesting that local market dynamics and potentially a lower cost of labor contribute to this compensation difference. The specific economic conditions and demand within the Altoona region play a significant role in shaping the pay scale for this essential banking role.
Executive Summary
- Average Salary: $35,840 per year.
- Growth Trend: Salaries have shifted 18.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $41,850.
- Outlook: The Tellers job market in Altoona, PA, shows a moderate level of concentration, indicated by a Location Quotient of 1.56, which is 56% higher than the national average. With a total local workforce of 200 Tellers and 3.431 jobs per 1,000 workers, the demand for these professionals appears stable, suggesting a consistent need within the community's financial institutions.
Salary Overview
The average Tellers in Altoona, PA earns-12.5%below the national average.
$17.2
$689
$2,987
Tellers Salary Trends (2020-2024)
While specific historical data for Altoona, PA Tellers is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic factors and inflation typically drive incremental increases in wages for most professions, including Tellers, ensuring that compensation keeps pace with the evolving economic landscape.
Tellers Salary Distribution in Altoona, PA
Career progression for Tellers in Altoona, PA, typically involves salary increases with accumulated experience. Entry-level positions will command lower salaries, while senior Tellers with extensive knowledge and customer service skills can expect to earn significantly more, potentially reaching higher percentiles of the salary range. These percentile gaps reflect the value placed on experience and specialized expertise within the banking sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,810 | $14.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $26,880 | $12.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,420 | $17 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $44,800 | $21.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $41,850 | $20.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$35,840
Gross Pay
Real Wage (Purchasing Power)
$35,840
Adjusted for COL (100)
The average annual salary for Tellers in Altoona, PA, stands at $35,840. This nominal income aligns precisely with the local Cost of Living Index, which is set at 100, representing the national average. Therefore, the purchasing power of a Teller's salary in Altoona is equivalent to the national average, meaning that while the absolute salary is lower, the cost of essential goods and services does not present a disadvantage.
Job Market Context
200
Total Jobs
3.431
Per 1K Jobs
1.56
Location Quotient
Altoona, PA has 1.6x the national concentration of Tellers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.56, Altoona, PA, demonstrates a higher concentration of Tellers compared to the national average. This suggests that the job market for Tellers in this region is relatively robust and potentially more competitive, with a greater proportion of the local workforce engaged in this role. Financial institutions in Altoona may rely more heavily on local Teller talent.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Johnstown, PA Tellers Salary | $34,460↓ 4% | 30 mi |
| State College, PA Tellers Salary | $39,280↑ 10% | 35 mi |
| Chambersburg, PA Tellers Salary | $39,350↑ 10% | 56 mi |
| Hagerstown-Martinsburg, MD-WV Tellers Salary | $37,370↑ 4% | 70 mi |
| Gettysburg, PA Tellers Salary | $38,960↑ 9% | 77 mi |
Comparing salaries near Altoona, PA
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Altoona, PA?
The median annual salary for a Tellers in Altoona, PA is $35,840. This typically ranges from $30,810 for entry-level positions to $41,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Altoona, PA is 12.5% lower than the national median of $40,940.
Is Altoona, PA a lucrative place for Tellers?
No, not particularly lucrative compared to the national average.While the Cost of Living is average, the average Teller salary of $35,840 is below the national average of $40,940, indicating less lucrative earning potential in absolute terms.
Is Altoona, PA a good place to live for Tellers?
The Cost of Living Index in Altoona, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Altoona, PA?
Some top paying nearby cities include Johnstown, PA ($34,460) and State College, PA.
How does the Altoona Teller salary compare to the national average?
The average Teller salary in Altoona, PA, is $35,840, which is approximately $5,100 less than the national average of $40,940.
What does the Location Quotient of 1.56 mean for Tellers in Altoona?
A Location Quotient of 1.56 signifies that Tellers are 56% more concentrated in Altoona, PA, than the national average, suggesting a stronger local presence and potentially higher demand relative to other professions.
Does experience significantly impact a Teller's salary in Altoona?
Yes, experience is a key factor in salary progression for Tellers. Senior Tellers with more experience and skills typically earn higher salaries than entry-level positions.
How does the Cost of Living in Altoona affect the Teller salary?
The Cost of Living in Altoona is at the national average (100), meaning the $35,840 salary has the same purchasing power as the national average salary in a national average cost of living area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Altoona, PA area with a job density of 3.431 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 Altoona, PA