Average Tellers Salary in Central Kentucky nonmetropolitan area
Tellers in Central Kentucky's nonmetropolitan area earn an average annual salary of $34,670. This figure is notably below the national average of $40,940. The localized economic conditions and demand specific to this region likely contribute to this pay differential, reflecting a different market dynamic compared to broader national trends.
Executive Summary
- Average Salary: $34,670 per year.
- Growth Trend: Salaries have shifted 12.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $38,690.
- Outlook: The Central Kentucky nonmetropolitan area supports a local workforce of 580 Tellers. With a Location Quotient of 1.52, this indicates a higher concentration of Teller positions relative to the national average. This suggests a robust and potentially growing demand for these roles within the region's specific economic landscape.
Salary Overview
The average Tellers in Central Kentucky nonmetropolitan area earns-15.3%below the national average.
$16.7
$667
$2,889
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in Central Kentucky have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This steady, albeit potentially modest, upward trajectory is typical for established roles in nonmetropolitan banking sectors.
Tellers Salary Distribution in Central Kentucky nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data is unavailable, the gap between starting and experienced Teller salaries in Central Kentucky likely reflects increasing responsibilities, customer service expertise, and potentially supervisory duties, signifying clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $24,790 | $11.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $26,003 | $12.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,880 | $17.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $43,338 | $20.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $38,690 | $18.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,670
Gross Pay
Real Wage (Purchasing Power)
$34,670
Adjusted for COL (100)
The average annual salary of $34,670 in Central Kentucky aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal income is lower than the national average, the purchasing power of this salary within the local area is equivalent to the national average, suggesting a balanced financial environment for residents.
Job Market Context
580
Total Jobs
3.344
Per 1K Jobs
1.52
Location Quotient
Central Kentucky nonmetropolitan area has 1.5x 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.
A Location Quotient of 1.52 signifies that Tellers are more concentrated in Central Kentucky's nonmetropolitan area than in the nation as a whole. This suggests a relatively strong presence and demand for these financial service professionals within the local market, potentially making it a competitive environment for new entrants but stable for established professionals.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Tellers Salary | $38,720↑ 12% | 28 mi |
| Elizabethtown, KY Tellers Salary | $36,150↑ 4% | 66 mi |
| Louisville/Jefferson County, KY-IN Tellers Salary | $38,020↑ 10% | 72 mi |
| Cincinnati, OH-KY-IN Tellers Salary | $44,400↑ 28% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Central Kentucky nonmetropolitan area?
The median annual salary for a Tellers in Central Kentucky nonmetropolitan area is $34,670. This typically ranges from $24,790 for entry-level positions to $38,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 15.3% lower than the national median of $40,940.
Is Central Kentucky nonmetropolitan area a lucrative place for Tellers?
No, not compared to the national average.While the cost of living is on par with the national average, the average Teller salary of $34,670 is significantly lower than the national average of $40,940.
Is Central Kentucky nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($38,720) and Elizabethtown, KY.
How does the Teller job market compare nationally?
The Teller job market in Central Kentucky's nonmetropolitan area shows a higher concentration of jobs (LQ 1.52) than the national average, indicating a relatively stronger local demand for these roles.
What is the cost of living for Tellers in Central Kentucky?
The cost of living in Central Kentucky's nonmetropolitan area is exactly at the national average (100), meaning your $34,670 salary has the same purchasing power locally as the national average salary does nationwide.
How many Tellers are employed in this region?
There are approximately 580 Tellers employed within the Central Kentucky nonmetropolitan area, representing 3.344 jobs per 1,000 workers.
Does experience significantly impact Teller salaries in Central Kentucky?
While specific data isn't provided, experience typically leads to higher salaries for Tellers as responsibilities increase, with percentile gaps reflecting career progression from entry-level to senior positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Central Kentucky nonmetropolitan area area with a job density of 3.344 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 Central Kentucky nonmetropolitan area