Average Tellers Salary in Baltimore-Columbia-Towson, MD
Tellers in the Baltimore-Columbia-Towson, MD area earn an average annual salary of $44,280, which is notably higher than the national average of $40,940. This localized pay differential is often influenced by regional economic factors, the specific demands of the financial sector within the metropolitan area, and the overall cost of doing business for financial institutions in Maryland.
Executive Summary
- Average Salary: $44,280 per year.
- Growth Trend: Salaries have shifted 32.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $50,970.
- Outlook: With a local workforce of 1,480 Tellers and a Location Quotient of 0.5, the job market in Baltimore-Columbia-Towson indicates a slightly lower concentration of these roles compared to the national average. While not a high-demand hub, the presence of over a thousand professionals suggests a stable, albeit not rapidly expanding, market for Teller positions.
Salary Overview
The average Tellers in Baltimore-Columbia-Towson, MD earns+8.2%above the national average.
$21.3
$852
$3,690
Tellers Salary Trends (2020-2024)
While specific historical data for Teller salary growth in Baltimore-Columbia-Towson is not provided, it's reasonable to assume a general upward trend mirroring national patterns over the past four years. Economic recovery, inflation adjustments, and evolving banking needs likely contribute to incremental salary increases for Tellers, ensuring their compensation keeps pace with broader economic shifts.
Tellers Salary Distribution in Baltimore-Columbia-Towson, MD
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, often accompanied by salary increases. While specific percentile gaps aren't detailed, experienced Tellers generally command higher salaries due to their accumulated knowledge, customer service skills, and potential for handling more complex transactions or supervisory duties, reflecting a clear career ladder.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,680 | $17.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,210 | $16 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,230 | $20.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,350 | $26.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $50,970 | $24.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$44,280
Gross Pay
Real Wage (Purchasing Power)
$44,280
Adjusted for COL (100)
The average annual salary of $44,280 in Baltimore-Columbia-Towson aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this metropolitan area is equivalent to the national average, making it neither significantly more nor less affordable than other regions when comparing nominal income to living expenses.
Job Market Context
1,480
Total Jobs
1.104
Per 1K Jobs
0.5
Location Quotient
Baltimore-Columbia-Towson, MD has 0.50x 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.
A Location Quotient of 0.5 suggests that Tellers are less concentrated in the Baltimore-Columbia-Towson area compared to the national average. This could imply a less saturated job market, potentially offering more opportunities for skilled individuals, or it might indicate that the demand for Tellers is met by a slightly smaller proportion of the workforce relative to other professions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Tellers Salary | $39,240↓ 11% | 19 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Tellers Salary | $45,820↑ 3% | 35 mi |
| York-Hanover, PA Tellers Salary | $39,920↓ 10% | 47 mi |
| Gettysburg, PA Tellers Salary | $38,960↓ 12% | 50 mi |
| Lancaster, PA Tellers Salary | $38,970↓ 12% | 55 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Tellers in Baltimore-Columbia-Towson, MD is $44,280. This typically ranges from $35,680 for entry-level positions to $50,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 8.2% higher than the national median of $40,940.
Is Baltimore-Columbia-Towson, MD a lucrative place for Tellers?
Moderately lucrative.Tellers in this area earn above the national average salary, and the cost of living is on par with the national average, offering a stable financial standing.
Is Baltimore-Columbia-Towson, MD a good place to live for Tellers?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($39,240) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Teller salary in Baltimore compare to the national average?
The average annual salary for Tellers in Baltimore-Columbia-Towson, MD is $44,280, which is $3,340 higher than the national average of $40,940.
What is the cost of living like for Tellers in Baltimore-Columbia-Towson, MD?
The cost of living in Baltimore-Columbia-Towson, MD is exactly at the national average, indicated by an index of 100.
How concentrated are Teller jobs in Baltimore-Columbia-Towson, MD?
Teller jobs are less concentrated in this area compared to the national average, with a Location Quotient of 0.5.
How many Tellers work in the Baltimore-Columbia-Towson, MD area?
There are approximately 1,480 Tellers employed within the Baltimore-Columbia-Towson, MD metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,480 employees in the Baltimore-Columbia-Towson, MD area with a job density of 1.104 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 Baltimore-Columbia-Towson, MD