Average Tellers Salary in Boston-Cambridge-Newton, MA-NH
Tellers in the Boston-Cambridge-Newton, MA-NH metropolitan area earn an average annual salary of $45,420. This figure is notably higher than the national average of $40,940, suggesting that the economic landscape and demand within this specific region contribute to a more competitive compensation for these essential financial roles. The cost of living in Boston-Cambridge-Newton aligns perfectly with the national average, making the higher salary a tangible benefit for professionals in this field.
Executive Summary
- Average Salary: $45,420 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,200.
- Outlook: The Boston-Cambridge-Newton, MA-NH area supports a substantial workforce of 4,510 Tellers. While the Location Quotient of 0.76 indicates a slightly lower concentration of Tellers compared to the national average, the sheer size of the local workforce suggests a consistent and stable demand for these positions within the region's financial sector. The presence of 1.664 jobs per 1,000 workers further underscores the ongoing need for skilled Tellers.
Salary Overview
The average Tellers in Boston-Cambridge-Newton, MA-NH earns+10.9%above the national average.
$21.8
$873
$3,785
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in the Boston-Cambridge-Newton, MA-NH area have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, evolving banking technologies, and the increasing complexity of customer service demands likely contribute to upward pressure on wages, ensuring that compensation keeps pace with the cost of living and the value Tellers bring to financial institutions.
Tellers Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for Tellers typically involves a salary increase from entry-level to senior positions. While specific percentile data is unavailable, it's common for experienced Tellers to command higher salaries, reflecting their accumulated knowledge, customer service expertise, and ability to handle more complex transactions. The gap between entry-level and senior roles signifies a clear career ladder and opportunities for financial advancement within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,280 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,065 | $16.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,100 | $21.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,775 | $27.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $55,200 | $26.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$45,420
Gross Pay
Real Wage (Purchasing Power)
$45,420
Adjusted for COL (100)
With an average annual salary of $45,420 and a Cost of Living Index of 100, Tellers in Boston-Cambridge-Newton, MA-NH are earning a salary that is precisely aligned with the national average cost of living. This means that the higher nominal salary directly translates to purchasing power that is on par with the national standard, offering a balanced financial outlook for those considering a move to or within the area.
Job Market Context
4,510
Total Jobs
1.664
Per 1K Jobs
0.76
Location Quotient
Boston-Cambridge-Newton, MA-NH has 0.76x 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.
The Location Quotient of 0.76 for Tellers in Boston-Cambridge-Newton, MA-NH suggests that the job market is slightly less concentrated than the national average. This could indicate a healthy balance between job availability and the number of professionals, potentially leading to competitive opportunities for qualified candidates without an oversaturation of the market. It implies that while Tellers are a vital part of the local economy, the demand is met without an excessive surplus of professionals.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Tellers Salary | $43,770↓ 4% | 24 mi |
| Worcester, MA Tellers Salary | $44,390↓ 2% | 37 mi |
| Providence-Warwick, RI-MA Tellers Salary | $43,200↓ 5% | 38 mi |
| Manchester-Nashua, NH Tellers Salary | $41,620↓ 8% | 50 mi |
| Barnstable Town, MA Tellers Salary | $44,050↓ 3% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
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Frequently Asked Questions
How much does a Tellers make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Tellers in Boston-Cambridge-Newton, MA-NH is $45,420. This typically ranges from $38,280 for entry-level positions to $55,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 10.9% higher than the national median of $40,940.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Tellers?
Yes, it offers competitive compensation.Tellers in this area earn above the national average salary, and the cost of living is at the national average, making the higher pay a significant benefit.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Tellers?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($43,770) and Worcester, MA.
How does the Teller salary in Boston compare to the national average?
The average annual salary for Tellers in Boston-Cambridge-Newton, MA-NH is $45,420, which is higher than the national average of $40,940.
What is the cost of living in Boston-Cambridge-Newton, MA-NH for Tellers?
The Cost of Living Index for Boston-Cambridge-Newton, MA-NH is 100, which is exactly the national average, meaning your salary has standard purchasing power.
How many Tellers are employed in the Boston-Cambridge-Newton, MA-NH area?
There are approximately 4,510 Tellers employed in the Boston-Cambridge-Newton, MA-NH metropolitan area.
Is the Teller job market in Boston concentrated?
The Location Quotient of 0.76 indicates that the Teller job market in Boston is slightly less concentrated than the national average, suggesting a balanced demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,510 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 1.664 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 Boston-Cambridge-Newton, MA-NH