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Average Tellers Salary in Buffalo-Cheektowaga, NY

In Buffalo-Cheektowaga, NY, Tellers earn an average annual salary of $41,480. This figure is slightly above the national average of $40,940, indicating a stable demand for these financial professionals in the region. Local economic factors and the specific needs of the banking sector in this metropolitan area contribute to this competitive compensation.

Executive Summary

  • Average Salary: $41,480 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $44,090.
  • Outlook: The Buffalo-Cheektowaga, NY market supports approximately 940 Tellers, with a jobs-per-thousand-workers rate of 1.758. While the Location Quotient of 0.8 suggests a slightly lower concentration of Tellers compared to the national average, the steady workforce size indicates a consistent, albeit not rapidly expanding, job market for this role.
2024 Market Data

Salary Overview

$41,480

The average Tellers in Buffalo-Cheektowaga, NY earns+1.3%above the national average.

BreakdownBased on 40h/week
Hourly

$19.9

Weekly

$798

Monthly

$3,457

Tellers Salary Distribution in Buffalo-Cheektowaga, NY

Salary progression for Tellers in Buffalo-Cheektowaga, NY, typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive knowledge of banking procedures and customer service can command salaries in the higher percentiles. Observing the salary distribution reveals clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,680$17.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$31,110$15
ManagerOversees team, compliance, and project delivery.50% (Median)$42,430$20.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$51,850$24.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$44,090$21.2

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$41,480

Gross Pay

Real Wage (Purchasing Power)

$41,480

Adjusted for COL (100)

The average annual salary of $41,480 for Tellers in Buffalo-Cheektowaga, NY, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is equivalent to the national average, offering a stable financial standing without the pressure of significantly higher or lower living expenses.

Job Market Context

940

Total Jobs

1.758

Per 1K Jobs

0.8

Location Quotient

Below Average

Buffalo-Cheektowaga, NY has 0.80x 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.

With a Location Quotient of 0.8, the Buffalo-Cheektowaga, NY area has a slightly lower concentration of Tellers relative to the national average. This suggests that while the demand is present and stable, the market is not oversaturated, potentially offering a balanced competitive landscape for job seekers in this role.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Rochester, NY Tellers Salary$41,410↓ 0%65 mi
Erie, PA Tellers Salary$36,320↓ 12%83 mi

Comparing salaries near Buffalo-Cheektowaga, NY

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Buffalo-Cheektowaga, NY?

The median annual salary for a Tellers in Buffalo-Cheektowaga, NY is $41,480. This typically ranges from $36,680 for entry-level positions to $44,090 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Buffalo-Cheektowaga, NY is 1.3% higher than the national median of $40,940.

Is Buffalo-Cheektowaga, NY a lucrative place for Tellers?

Yes, it offers competitive compensation relative to the cost of living.Tellers in Buffalo-Cheektowaga earn slightly above the national average salary, and with a cost of living index at the national average, their earnings provide good purchasing power.

Is Buffalo-Cheektowaga, NY a good place to live for Tellers?

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

Where are the highest paying cities near Buffalo-Cheektowaga, NY?

Some top paying nearby cities include Rochester, NY ($41,410) and Erie, PA.

How does the Buffalo-Cheektowaga Teller salary compare to the national average?

The average annual salary for Tellers in Buffalo-Cheektowaga, NY is $41,480, which is slightly higher than the national average of $40,940.

What is the significance of the Location Quotient for Tellers in Buffalo-Cheektowaga?

A Location Quotient of 0.8 indicates that Tellers are slightly less concentrated in Buffalo-Cheektowaga compared to the national average, suggesting a stable job market without excessive competition.

Does the cost of living in Buffalo-Cheektowaga affect Teller salaries?

No, the cost of living in Buffalo-Cheektowaga is at the national average (100), meaning the $41,480 salary has purchasing power equivalent to the national average.

How many Tellers are employed in the Buffalo-Cheektowaga area?

There are approximately 940 Tellers employed in the Buffalo-Cheektowaga, NY 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 940 employees in the Buffalo-Cheektowaga, NY area with a job density of 1.758 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 Buffalo-Cheektowaga, NY