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Average Tellers Salary in Binghamton, NY

Tellers in Binghamton, NY, earn an average annual salary of $38,660. This figure is slightly below the national average of $40,940, suggesting localized economic factors and demand influence compensation within the region. While the nominal pay may be lower, understanding the local cost of living is crucial for a complete financial picture.

Executive Summary

  • Average Salary: $38,660 per year.
  • Growth Trend: Salaries have shifted 11.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $44,250.
  • Outlook: Binghamton, NY, supports a local workforce of 220 Tellers, with a Location Quotient of 1.03 indicating a concentration of these roles that is very close to the national average. The rate of 2.267 jobs per 1,000 workers suggests a stable, albeit not rapidly expanding, demand for Tellers within the Binghamton metropolitan area.
2024 Market Data

Salary Overview

$38,660

The average Tellers in Binghamton, NY earns-5.6%below the national average.

BreakdownBased on 40h/week
Hourly

$18.6

Weekly

$743

Monthly

$3,222

Tellers Salary Distribution in Binghamton, NY

Salary progression for Tellers in Binghamton, NY, typically correlates with experience. Entry-level positions will likely fall at the lower end of the pay scale, while seasoned professionals with extensive customer service and financial transaction experience can command higher salaries. The percentile gaps between junior and senior roles signify clear career progression opportunities within the local banking industry.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,610$17.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$28,995$13.9
ManagerOversees team, compliance, and project delivery.50% (Median)$37,420$18
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$48,325$23.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$44,250$21.3

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$38,660

Gross Pay

Real Wage (Purchasing Power)

$38,660

Adjusted for COL (100)

With a Cost of Living Index of 100, Binghamton, NY, is precisely at the national average. This means the nominal salary of $38,660 for Tellers holds its purchasing power relative to the rest of the United States. Your earnings in Binghamton will afford you a standard of living comparable to the national average, without the added financial strain of a higher cost of living.

Job Market Context

220

Total Jobs

2.267

Per 1K Jobs

1.03

Location Quotient

Above Average

With a location quotient of 1.03, Binghamton, NY has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.03 for Tellers in Binghamton, NY, signifies a job market that is very closely aligned with the national average in terms of concentration. This suggests that while Tellers are a standard part of the local employment landscape, the market is neither exceptionally saturated nor significantly undersupplied, indicating a balanced competitive environment for job seekers.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Ithaca, NY Tellers Salary$40,550↑ 5%39 mi
Elmira, NY Tellers Salary$39,460↑ 2%46 mi
Southwest New York nonmetropolitan area Tellers Salary$38,880↑ 1%49 mi
Central East New York nonmetropolitan area Tellers Salary$40,970↑ 6%49 mi
Capital/Northern New York nonmetropolitan area Tellers Salary$39,160↑ 1%49 mi

Comparing salaries near Binghamton, NY

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Binghamton, NY?

The median annual salary for a Tellers in Binghamton, NY is $38,660. This typically ranges from $36,610 for entry-level positions to $44,250 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Binghamton, NY is 5.6% lower than the national median of $40,940.

Is Binghamton, NY a lucrative place for Tellers?

No, not significantly more lucrative than the national average.The average salary of $38,660 is slightly below the national average, and the cost of living is exactly at the national average, indicating standard earning potential for Tellers in this region.

Is Binghamton, NY a good place to live for Tellers?

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

Where are the highest paying cities near Binghamton, NY?

Some top paying nearby cities include Ithaca, NY ($40,550) and Elmira, NY.

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

The average annual salary for Tellers in Binghamton, NY, is $38,660, which is slightly lower than the national average of $40,940.

What is the Cost of Living in Binghamton, NY?

Binghamton, NY, has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the country.

How many Tellers work in Binghamton, NY?

There are approximately 220 Tellers employed in the Binghamton, NY area, representing 2.267 jobs per 1,000 workers.

Is the job market for Tellers strong in Binghamton, NY?

The job market for Tellers in Binghamton is stable, with a concentration (Location Quotient) very close to the national average, indicating a consistent but not exceptionally high demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Binghamton, NY area with a job density of 2.267 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 Binghamton, NY