SalaryNode

Average Tellers Salary in Ann Arbor, MI

Tellers in Ann Arbor, Michigan, earn an average annual salary of $41,490. This figure is slightly above the national average of $40,940, indicating a competitive market. Local economic factors and the demand within the financial sector in Ann Arbor contribute to this favorable compensation.

Executive Summary

  • Average Salary: $41,490 per year.
  • Growth Trend: Salaries have shifted 23.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,670.
  • Outlook: With a total local workforce of 340 Tellers and a Location Quotient of 0.72, Ann Arbor presents a moderately concentrated job market for this role. While not as densely populated with Tellers as the national average, the presence of 1.577 jobs per 1,000 workers suggests a stable and consistent demand for financial service professionals within the city.
2024 Market Data

Salary Overview

$41,490

The average Tellers in Ann Arbor, MI earns+1.3%above the national average.

BreakdownBased on 40h/week
Hourly

$20

Weekly

$798

Monthly

$3,458

Tellers Salary Distribution in Ann Arbor, MI

The salary range for Tellers in Ann Arbor typically widens with experience. Entry-level positions may start closer to the lower end of the spectrum, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings reflect the career progression and increased responsibilities associated with advancing in this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,290$17.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$31,118$15
ManagerOversees team, compliance, and project delivery.50% (Median)$39,300$18.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$51,863$24.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,670$22.4

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$41,490

Gross Pay

Real Wage (Purchasing Power)

$41,490

Adjusted for COL (100)

The nominal average annual salary of $41,490 in Ann Arbor 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 Ann Arbor is equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.

Job Market Context

340

Total Jobs

1.577

Per 1K Jobs

0.72

Location Quotient

Below Average

Ann Arbor, MI has 0.72x 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.

Ann Arbor's Location Quotient of 0.72 for Tellers indicates that the concentration of these professionals is slightly below the national average. This suggests that while the job market is active, it is not oversaturated, potentially offering good opportunities for skilled individuals entering or seeking to advance within the local financial industry.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Monroe, MI Tellers Salary$40,230↓ 3%31 mi
Jackson, MI Tellers Salary$38,570↓ 7%34 mi
Detroit-Warren-Dearborn, MI Tellers Salary$40,990↓ 1%35 mi
Toledo, OH Tellers Salary$42,770↑ 3%43 mi
Flint, MI Tellers Salary$39,440↓ 5%52 mi

Comparing salaries near Ann Arbor, MI

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Ann Arbor, MI?

The median annual salary for a Tellers in Ann Arbor, MI is $41,490. This typically ranges from $37,290 for entry-level positions to $46,670 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Ann Arbor, MI is 1.3% higher than the national median of $40,940.

Is Ann Arbor, MI a lucrative place for Tellers?

Yes, Ann Arbor offers competitive compensation for Tellers.Tellers in Ann Arbor earn slightly above the national average salary, and the cost of living is right at the national average, providing good purchasing power.

Is Ann Arbor, MI a good place to live for Tellers?

The Cost of Living Index in Ann Arbor, MI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Ann Arbor, MI?

Some top paying nearby cities include Monroe, MI ($40,230) and Jackson, MI.

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

The average annual salary for Tellers in Ann Arbor is $41,490, which is slightly higher than the national average of $40,940.

What is the Cost of Living in Ann Arbor for Tellers?

Ann Arbor has a Cost of Living Index of 100, which is exactly the national average, meaning the salary has average purchasing power.

How concentrated is the Teller job market in Ann Arbor?

The Location Quotient of 0.72 indicates that the concentration of Tellers in Ann Arbor is slightly below the national average, suggesting a moderately competitive market.

What is the total number of Tellers in Ann Arbor?

There are approximately 340 Tellers employed in Ann Arbor, MI.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Ann Arbor, MI area with a job density of 1.577 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 Ann Arbor, MI