Average Tellers Salary in Chicago-Naperville-Elgin, IL-IN
Tellers in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $43,320. This figure slightly surpasses the national average of $40,940, indicating a localized premium for this role. Factors such as the region's economic activity and demand for financial services likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $43,320 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,600.
- Outlook: The Chicago-Naperville-Elgin, IL-IN area boasts a substantial workforce of 9,970 Tellers, with a jobs-per-1,000-workers ratio of 2.228. This indicates a robust and active job market for financial service professionals, suggesting consistent demand and employment opportunities within the region.
Salary Overview
The average Tellers in Chicago-Naperville-Elgin, IL-IN earns+5.8%above the national average.
$20.8
$833
$3,610
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in the Chicago-Naperville-Elgin, IL-IN area have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial services, and the evolving responsibilities within the Teller role.
Tellers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Career progression for Tellers typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings reflect this upward trajectory, rewarding accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,660 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,490 | $15.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,410 | $21.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,150 | $26 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,600 | $22.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$43,320
Gross Pay
Real Wage (Purchasing Power)
$43,320
Adjusted for COL (100)
With a nominal average annual salary of $43,320 and a Cost of Living Index of 100 (which is the national average), Tellers in Chicago-Naperville-Elgin, IL-IN can expect their earnings to align closely with the national standard of living. This means that while the salary is slightly above average, the cost of essential goods and services is also at the national benchmark.
Job Market Context
9,970
Total Jobs
2.228
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
The Location Quotient of 1.01 for Tellers in Chicago-Naperville-Elgin, IL-IN suggests that the concentration of these jobs in the area is very close to the national average. This indicates a balanced job market where demand and supply are relatively stable, without significant oversupply or undersupply of Teller positions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Tellers Salary | $38,000↓ 12% | 41 mi |
| Kenosha, WI Tellers Salary | $39,940↓ 8% | 51 mi |
| Kankakee, IL Tellers Salary | $38,450↓ 11% | 55 mi |
| Racine-Mount Pleasant, WI Tellers Salary | $40,480↓ 7% | 59 mi |
| Niles, MI Tellers Salary | $38,570↓ 11% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Tellers in Chicago-Naperville-Elgin, IL-IN is $43,320. This typically ranges from $36,660 for entry-level positions to $47,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 5.8% higher than the national median of $40,940.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Tellers?
Yes, slightly more lucrative than the national average.Tellers in this region earn approximately $2,380 more annually than the national average. Coupled with a cost of living that matches the national average, this presents a slightly more favorable financial standing for Tellers.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Tellers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($38,000) and Kenosha, WI.
What is the average salary for a Teller in Chicago-Naperville-Elgin, IL-IN?
The average annual salary for a Teller in the Chicago-Naperville-Elgin, IL-IN metropolitan area is $43,320.
How does the Chicago-Naperville-Elgin, IL-IN Teller salary compare to the national average?
The average salary for Tellers in Chicago-Naperville-Elgin, IL-IN is $43,320, which is higher than the national average of $40,940.
What is the cost of living in Chicago-Naperville-Elgin, IL-IN compared to the national average?
The Cost of Living Index for Chicago-Naperville-Elgin, IL-IN is 100, which is exactly the national average.
How concentrated are Teller jobs in the Chicago-Naperville-Elgin, IL-IN area?
The concentration of Teller jobs, indicated by a Location Quotient of 1.01, is very close to the national average, suggesting a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,970 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 2.228 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 Chicago-Naperville-Elgin, IL-IN