Average Tellers Salary in Champaign-Urbana, IL
Tellers in Champaign-Urbana, IL earn an average annual salary of $37,270, which is notably below the national average of $40,940. This disparity is often influenced by local economic factors, including the demand for financial services and the overall cost of doing business within the region. While the nominal salary may seem lower, it's crucial to consider the local economic context.
Executive Summary
- Average Salary: $37,270 per year.
- Growth Trend: Salaries have shifted 22.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,210.
- Outlook: The Champaign-Urbana area supports a local workforce of approximately 400 Tellers, with a jobs-per-1,000-workers ratio of 3.83. The Location Quotient of 1.74 indicates a significantly higher concentration of Tellers compared to the national average, suggesting a robust and potentially growing demand for these professionals within the local market.
Salary Overview
The average Tellers in Champaign-Urbana, IL earns-9.0%below the national average.
$17.9
$717
$3,106
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Tellers salaries in Champaign-Urbana have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is likely driven by increased demand for financial services and a competitive labor market seeking to retain skilled banking professionals.
Tellers Salary Distribution in Champaign-Urbana, IL
Salary progression for Tellers typically correlates with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings within Champaign-Urbana signify clear career progression opportunities, rewarding increased expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,310 | $15.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,953 | $13.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,550 | $17.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $46,588 | $22.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,210 | $21.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$37,270
Gross Pay
Real Wage (Purchasing Power)
$37,270
Adjusted for COL (100)
The average annual salary of $37,270 in Champaign-Urbana aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Tellers salary in this area is comparable to the national average, suggesting that while the nominal income is lower than the national average for the role, the cost of essential goods and services remains relatively stable.
Job Market Context
400
Total Jobs
3.83
Per 1K Jobs
1.74
Location Quotient
Champaign-Urbana, IL has 1.7x 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.
With a Location Quotient of 1.74, Champaign-Urbana exhibits a concentration of Tellers that is 74% higher than the national average. This indicates a strong presence and potentially high demand for Tellers in the local job market, suggesting that opportunities may be more abundant than in many other regions across the country.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Tellers Salary | $37,010↓ 1% | 39 mi |
| West Central Illinois nonmetropolitan area Tellers Salary | $36,080↓ 3% | 41 mi |
| East Central Illinois nonmetropolitan area Tellers Salary | $36,410↓ 2% | 41 mi |
| Northwest Illinois nonmetropolitan area Tellers Salary | $37,070↓ 1% | 41 mi |
| South Illinois nonmetropolitan area Tellers Salary | $36,530↓ 2% | 41 mi |
Comparing salaries near Champaign-Urbana, IL
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Champaign-Urbana, IL?
The median annual salary for a Tellers in Champaign-Urbana, IL is $37,270. This typically ranges from $31,310 for entry-level positions to $45,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Champaign-Urbana, IL is 9.0% lower than the national median of $40,940.
Is Champaign-Urbana, IL a lucrative place for Tellerss?
No, not exceptionally lucrative compared to the national average.While the cost of living is at the national average, the average Tellers salary of $37,270 is below the national average of $40,940. However, the high concentration of Tellers suggests strong local demand.
Is Champaign-Urbana, IL a good place to live for Tellers?
The Cost of Living Index in Champaign-Urbana, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Champaign-Urbana, IL?
Some top paying nearby cities include Decatur, IL ($37,010) and West Central Illinois nonmetropolitan area.
How does the number of Tellers in Champaign-Urbana compare nationally?
Champaign-Urbana has 3.83 Tellers per 1,000 workers, which is significantly higher than the national average, indicating a concentrated job market for this role.
What is the significance of the Location Quotient for Tellers in Champaign-Urbana?
A Location Quotient of 1.74 means that Tellers are 74% more concentrated in Champaign-Urbana than the national average, signaling a strong local presence and demand for these professionals.
Does experience impact a Tellers salary in Champaign-Urbana?
Yes, like most professions, Tellers with more experience and advanced skills typically earn higher salaries than entry-level workers in Champaign-Urbana.
How does the cost of living affect the Tellers salary in Champaign-Urbana?
The Cost of Living Index is 100, meaning it's average nationally. Therefore, the $37,270 salary has average purchasing power locally, despite being below the national average salary for the role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Champaign-Urbana, IL area with a job density of 3.83 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 Champaign-Urbana, IL