Average Tellers Salary in Burlington-South Burlington, VT
Tellers in Burlington-South Burlington, VT earn an average annual salary of $42,840, which is slightly above the national average of $40,940. This localized pay differential is often influenced by regional economic factors and the specific demand within the Vermont financial sector.
Executive Summary
- Average Salary: $42,840 per year.
- Growth Trend: Salaries have shifted 26.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,670.
- Outlook: With a total local workforce of 290 Tellers, Burlington-South Burlington presents a stable employment landscape for this role. The Location Quotient of 1.1 indicates a concentration of Tellers slightly above the national average, suggesting a consistent demand and a healthy job market for financial service professionals in the area.
Salary Overview
The average Tellers in Burlington-South Burlington, VT earns+4.6%above the national average.
$20.6
$824
$3,570
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Tellers across the nation, including in markets like Burlington-South Burlington, have seen steady growth over the past four years. This trend is driven by inflation, evolving banking technologies, and the continuous need for customer-facing financial expertise.
Tellers Salary Distribution in Burlington-South Burlington, VT
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which is reflected in salary increases. While specific percentile data isn't available, the gap between starting salaries and those earned by experienced Tellers in Burlington-South Burlington signifies opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,950 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,130 | $15.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,780 | $21 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,550 | $25.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,670 | $22.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$42,840
Gross Pay
Real Wage (Purchasing Power)
$42,840
Adjusted for COL (100)
The average annual salary of $42,840 in Burlington-South Burlington aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this Vermont city is comparable to the national average, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
290
Total Jobs
2.415
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Burlington-South Burlington, VT has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
A Location Quotient of 1.1 for Tellers in Burlington-South Burlington signifies a slightly higher concentration of these professionals compared to the national average. This suggests a moderately competitive market where demand is robust enough to support a slightly larger workforce, indicating good opportunities for both new entrants and experienced individuals.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Northern Vermont nonmetropolitan area Tellers Salary | $40,980↓ 4% | 40 mi |
| Southern Vermont nonmetropolitan area Tellers Salary | $41,890↓ 2% | 40 mi |
| Glens Falls, NY Tellers Salary | $39,900↓ 7% | 84 mi |
Comparing salaries near Burlington-South Burlington, VT
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Burlington-South Burlington, VT?
The median annual salary for a Tellers in Burlington-South Burlington, VT is $42,840. This typically ranges from $38,950 for entry-level positions to $46,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Burlington-South Burlington, VT is 4.6% higher than the national median of $40,940.
Is Burlington-South Burlington, VT a lucrative place for Tellers?
Yes, it offers a slightly above-average salary.Tellers in Burlington-South Burlington earn $42,840 annually, exceeding the national average. Coupled with a cost of living that matches the national average, this makes it a financially stable location for the profession.
Is Burlington-South Burlington, VT a good place to live for Tellers?
The Cost of Living Index in Burlington-South Burlington, VT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Burlington-South Burlington, VT?
Some top paying nearby cities include Northern Vermont nonmetropolitan area ($40,980) and Southern Vermont nonmetropolitan area.
How does the number of Tellers in Burlington-South Burlington compare nationally?
Burlington-South Burlington has a local workforce of 290 Tellers, with 2.415 jobs per 1,000 workers, indicating a solid presence in the financial services sector.
What does a Location Quotient of 1.1 mean for Tellers in this area?
A Location Quotient of 1.1 means that Tellers are slightly more concentrated in Burlington-South Burlington than the national average, suggesting a healthy demand for their services.
How does the Cost of Living Index affect a Teller's salary in Burlington-South Burlington?
With a Cost of Living Index of 100, the national average, a Teller's salary of $42,840 in Burlington-South Burlington has purchasing power equivalent to the national average.
Are there significant salary differences based on experience for Tellers in Burlington-South Burlington?
While specific data isn't provided, career progression typically leads to salary increases for Tellers as they gain experience, with percentile gaps reflecting this growth.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Burlington-South Burlington, VT area with a job density of 2.415 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 Burlington-South Burlington, VT