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Average Tellers Salary in Bangor, ME

In Bangor, Maine, Tellers earn an average annual salary of $40,890. This figure is remarkably close to the national average of $40,940, indicating a stable and competitive compensation landscape for this role. Local economic factors and the specific demand within the Bangor financial sector likely contribute to this alignment.

Executive Summary

  • Average Salary: $40,890 per year.
  • Growth Trend: Salaries have shifted 24.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,680.
  • Outlook: With a local workforce of 250 Tellers and a Location Quotient of 1.59, Bangor demonstrates a concentration of these roles significantly above the national average. This suggests a robust local demand for Tellers, indicating a healthy job market with potential for consistent employment opportunities within the community.
2024 Market Data

Salary Overview

$40,890

The average Tellers in Bangor, ME earns-0.1%below the national average.

BreakdownBased on 40h/week
Hourly

$19.7

Weekly

$786

Monthly

$3,408

Tellers Salary Distribution in Bangor, ME

Career progression for Tellers in Bangor, ME, typically involves moving from entry-level positions to more senior roles, often accompanied by salary increases. While specific percentile data isn't available, the typical salary range for Tellers can vary significantly, with experienced professionals earning considerably more than those just starting their careers, reflecting a clear path for advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,200$17.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$30,668$14.7
ManagerOversees team, compliance, and project delivery.50% (Median)$38,590$18.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$51,113$24.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,680$22

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$40,890

Gross Pay

Real Wage (Purchasing Power)

$40,890

Adjusted for COL (100)

The average annual salary of $40,890 in Bangor, ME, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Bangor is equivalent to the national average, suggesting that the cost of living does not significantly inflate or deflate the real value of their earnings.

Job Market Context

250

Total Jobs

3.495

Per 1K Jobs

1.59

Location Quotient

Major Hub

Bangor, ME 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.

Bangor, ME, exhibits a Location Quotient of 1.59 for Tellers, signifying that the concentration of these jobs is 59% higher than the national average. This indicates a relatively abundant market for Teller positions, suggesting that while demand is present, there may be a larger pool of qualified candidates compared to areas with lower concentration.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Southwest Maine nonmetropolitan area Tellers Salary$40,130↓ 2%31 mi
Northeast Maine nonmetropolitan area Tellers Salary$39,360↓ 4%31 mi
Lewiston-Auburn, ME Tellers Salary$41,270↑ 1%85 mi

Comparing salaries near Bangor, ME

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Bangor, ME?

The median annual salary for a Tellers in Bangor, ME is $40,890. This typically ranges from $37,200 for entry-level positions to $45,680 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Bangor, ME is 0.1% lower than the national median of $40,940.

Is Bangor, ME a lucrative place for Tellers?

No, but it is competitive.While the average salary of $40,890 is on par with the national average, Bangor, ME, does not offer significantly higher earnings for Tellers. The competitive market, indicated by a high Location Quotient, suggests ample opportunities but not necessarily lucrative pay increases beyond the average.

Is Bangor, ME a good place to live for Tellers?

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

Where are the highest paying cities near Bangor, ME?

Some top paying nearby cities include Southwest Maine nonmetropolitan area ($40,130) and Northeast Maine nonmetropolitan area.

What is the average salary for a Teller in Bangor, ME?

The average annual salary for a Teller in Bangor, ME, is $40,890.

How does the Bangor Teller salary compare to the national average?

The average Teller salary in Bangor, ME ($40,890) is nearly identical to the national average ($40,940), indicating a very similar compensation level.

Is there high demand for Tellers in Bangor, ME?

Yes, the Location Quotient of 1.59 suggests a higher concentration of Teller jobs in Bangor compared to the national average, indicating strong local demand.

How does the Cost of Living in Bangor affect Teller salaries?

With a Cost of Living Index of 100, the national average, the $40,890 salary in Bangor offers purchasing power equivalent to the national average, meaning it is neither significantly enhanced nor diminished by local living costs.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Bangor, ME area with a job density of 3.495 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 Bangor, ME