Average Tellers Salary in Charleston, WV
Tellers in Charleston, WV, earn an average annual salary of $34,560. This figure is notably below the national average of $40,940, suggesting that local economic factors and potentially a different demand-supply dynamic influence compensation in this West Virginia city. The specific pay rates are often tied to the regional economic health and the competitive landscape for financial service roles.
Executive Summary
- Average Salary: $34,560 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,520.
- Outlook: Charleston, WV, hosts a local workforce of approximately 400 Tellers. The Location Quotient (LQ) of 1.72 indicates a significantly higher concentration of Tellers in Charleston compared to the national average. This suggests a robust local demand or a specialized market for these roles, implying a potentially stable job market for Tellers within the city.
Salary Overview
The average Tellers in Charleston, WV earns-15.6%below the national average.
$16.6
$665
$2,880
Tellers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Tellers in Charleston, WV, have experienced gradual growth over the past four years, mirroring broader economic trends and inflation adjustments. This upward trajectory is typical as the cost of living and the demand for financial services evolve, ensuring that Tellers' compensation keeps pace with market expectations.
Tellers Salary Distribution in Charleston, WV
Career progression for Tellers in Charleston, WV, typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with several years of experience and specialized skills can command higher salaries, potentially reaching the upper percentiles. The gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,540 | $13.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,920 | $12.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $34,510 | $16.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $43,200 | $20.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,520 | $22.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,560
Gross Pay
Real Wage (Purchasing Power)
$34,560
Adjusted for COL (100)
The average annual salary of $34,560 for Tellers in Charleston, WV, aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is on par with the national standard, making the compensation relatively stable in terms of real value.
Job Market Context
400
Total Jobs
3.784
Per 1K Jobs
1.72
Location Quotient
Charleston, WV 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 1.72, Charleston, WV, exhibits a strong concentration of Tellers relative to the national average. This suggests that the job market for Tellers in this area is more abundant or specialized than in many other parts of the country, potentially leading to increased competition among job seekers but also indicating a steady demand for these financial service professionals.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Huntington-Ashland, WV-KY-OH Tellers Salary | $33,920↓ 2% | 44 mi |
| Beckley, WV Tellers Salary | $31,980↓ 7% | 46 mi |
| Parkersburg-Vienna, WV Tellers Salary | $31,470↓ 9% | 63 mi |
Comparing salaries near Charleston, WV
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Charleston, WV?
The median annual salary for a Tellers in Charleston, WV is $34,560. This typically ranges from $27,540 for entry-level positions to $46,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charleston, WV is 15.6% lower than the national median of $40,940.
Is Charleston, WV a lucrative place for Tellers?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average Teller salary of $34,560 is significantly below the national average of $40,940. The high concentration of Tellers suggests a competitive market, which may also suppress higher wage growth.
Is Charleston, WV a good place to live for Tellers?
The Cost of Living Index in Charleston, WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charleston, WV?
Some top paying nearby cities include Huntington-Ashland, WV-KY-OH ($33,920) and Beckley, WV.
How does Charleston, WV's Teller salary compare to the national average?
Tellers in Charleston, WV, earn an average of $34,560 annually, which is approximately $6,380 less than the national average of $40,940.
What is the significance of the Location Quotient (LQ) for Tellers in Charleston, WV?
An LQ of 1.72 indicates that Tellers are 72% more concentrated in Charleston, WV, than the national average, suggesting a higher demand or a more specialized market for these roles locally.
How does the Cost of Living in Charleston, WV, affect Teller salaries?
With a Cost of Living Index of 100, Charleston, WV, is at the national average. This means the lower nominal salary of $34,560 has purchasing power equivalent to the national average, mitigating the impact of the lower pay.
What is the total number of Tellers employed in Charleston, WV?
There are approximately 400 Tellers employed in the Charleston, WV area, representing 3.784 jobs per 1,000 workers in the local economy.
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 Charleston, WV area with a job density of 3.784 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 Charleston, WV