Average Tellers Salary in Cheyenne, WY
Tellers in Cheyenne, Wyoming, earn an average annual salary of $39,500. This figure is slightly below the national average of $40,940, suggesting that local market dynamics and potentially a lower cost of living contribute to this compensation. While the nominal salary may seem lower, its purchasing power needs to be considered within the context of Cheyenne's economic environment.
Executive Summary
- Average Salary: $39,500 per year.
- Growth Trend: Salaries have shifted 35.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $48,210.
- Outlook: The Teller job market in Cheyenne, WY, shows a notable concentration, with a Location Quotient of 2.04, indicating that Tellers are employed in Cheyenne at more than twice the national rate. Despite a modest local workforce of 210 individuals in this role, the high concentration suggests a steady demand for banking professionals within the area.
Salary Overview
The average Tellers in Cheyenne, WY earns-3.5%below the national average.
$19
$760
$3,292
Tellers Salary Trends (2020-2024)
While specific historical data for Cheyenne Tellers is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns in the financial sector. Economic shifts and inflation typically drive modest annual increases in compensation for roles like Tellers, ensuring their pay remains somewhat competitive.
Tellers Salary Distribution in Cheyenne, WY
Salary progression for Tellers in Cheyenne, much like elsewhere, is typically tied to experience and skill development. Entry-level positions will likely fall at the lower end of the pay scale, while senior Tellers with extensive experience and specialized knowledge can command significantly higher salaries. The percentile gaps in pay serve as a clear indicator of career advancement opportunities within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,500 | $14.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,625 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,650 | $18.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,375 | $23.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $48,210 | $23.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$39,500
Gross Pay
Real Wage (Purchasing Power)
$39,500
Adjusted for COL (100)
The average annual salary of $39,500 for Tellers in Cheyenne, WY, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the nominal income earned by Tellers in Cheyenne has purchasing power equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
210
Total Jobs
4.483
Per 1K Jobs
2.04
Location Quotient
Cheyenne, WY has 2.0x 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 2.04, Cheyenne, WY, exhibits a significantly higher concentration of Tellers compared to the national average. This suggests a robust local demand for these professionals, potentially leading to a more competitive job market for employers seeking to fill positions, and ample opportunities for individuals looking to enter or advance in the field.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Fort Collins-Loveland, CO Tellers Salary | $43,090↑ 9% | 43 mi |
| Greeley, CO Tellers Salary | $41,850↑ 6% | 50 mi |
| Boulder, CO Tellers Salary | $45,250↑ 15% | 80 mi |
| Denver-Aurora-Centennial, CO Tellers Salary | $47,140↑ 19% | 95 mi |
Comparing salaries near Cheyenne, WY
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Cheyenne, WY?
The median annual salary for a Tellers in Cheyenne, WY is $39,500. This typically ranges from $30,500 for entry-level positions to $48,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cheyenne, WY is 3.5% lower than the national median of $40,940.
Is Cheyenne, WY a lucrative place for Tellers?
Yes, relative to its cost of living.While the average salary is slightly below the national average, Cheyenne's cost of living is also at the national average, meaning the purchasing power of a Teller's salary is comparable. The high concentration of Tellers indicates strong local demand.
Is Cheyenne, WY a good place to live for Tellers?
The Cost of Living Index in Cheyenne, WY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cheyenne, WY?
Some top paying nearby cities include Fort Collins-Loveland, CO ($43,090) and Greeley, CO.
How does Cheyenne's Teller salary compare to the national average?
The average annual salary for Tellers in Cheyenne, WY, is $39,500, which is slightly lower than the national average of $40,940.
What does a Location Quotient of 2.04 mean for Tellers in Cheyenne?
A Location Quotient of 2.04 signifies that Tellers are employed in Cheyenne at more than double the rate found nationally, indicating a strong local presence and demand for this profession.
Is the job market for Tellers in Cheyenne competitive?
Given the high Location Quotient, the job market for Tellers in Cheyenne appears to have a strong local demand, suggesting it could be competitive for employers seeking talent but offers good opportunities for job seekers.
How does the cost of living in Cheyenne affect Teller salaries?
Cheyenne's Cost of Living Index is 100, matching the national average. This means the $39,500 salary offers purchasing power equivalent to the national average, making it a balanced financial environment for Tellers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Cheyenne, WY area with a job density of 4.483 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 Cheyenne, WY