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Average Tellers Salary in Cincinnati, OH-KY-IN

Tellers in Cincinnati, OH-KY-IN earn an average annual salary of $44,400, which is notably higher than the national average of $40,940. This elevated compensation is often driven by the specific economic landscape and demand within the tri-state region, influencing local wage standards for financial service professionals.

Executive Summary

  • Average Salary: $44,400 per year.
  • Growth Trend: Salaries have shifted 34.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $53,730.
  • Outlook: The Cincinnati, OH-KY-IN area boasts a robust local workforce of 3,240 Tellers, indicating a significant presence in the financial sector. With a Location Quotient of 1.35, the concentration of Teller roles is 35% higher than the national average, suggesting strong and consistent demand for these positions within the region.
2024 Market Data

Salary Overview

$44,400

The average Tellers in Cincinnati, OH-KY-IN earns+8.5%above the national average.

BreakdownBased on 40h/week
Hourly

$21.3

Weekly

$854

Monthly

$3,700

Tellers Salary Distribution in Cincinnati, OH-KY-IN

Career progression for Tellers typically involves salary increases 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 salaries significantly above the average. The percentile gaps in salary distribution highlight these opportunities for advancement and higher earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,800$17.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$33,300$16
ManagerOversees team, compliance, and project delivery.50% (Median)$44,830$21.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$55,500$26.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$53,730$25.8

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$44,400

Gross Pay

Real Wage (Purchasing Power)

$44,400

Adjusted for COL (100)

With an average annual salary of $44,400 and a Cost of Living Index at the national average of 100, Tellers in Cincinnati, OH-KY-IN experience a salary that directly aligns with the typical cost of living. This means the nominal earnings translate effectively to purchasing power, offering a stable financial standing relative to national benchmarks.

Job Market Context

3,240

Total Jobs

2.968

Per 1K Jobs

1.35

Location Quotient

Above Average

With a location quotient of 1.35, Cincinnati, OH-KY-IN has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.35 for Tellers in Cincinnati signifies a market where this profession is more concentrated than the national average. This suggests a competitive yet abundant job market, where employers may actively seek out qualified candidates, potentially leading to favorable negotiation opportunities for skilled Tellers.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Dayton-Kettering-Beavercreek, OH Tellers Salary$42,240↓ 5%50 mi
Springfield, OH Tellers Salary$41,320↓ 7%69 mi
Lexington-Fayette, KY Tellers Salary$38,720↓ 13%73 mi
Columbus, IN Tellers Salary$37,840↓ 15%76 mi
Muncie, IN Tellers Salary$38,790↓ 13%89 mi

Comparing salaries near Cincinnati, OH-KY-IN

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Cincinnati, OH-KY-IN?

The median annual salary for a Tellers in Cincinnati, OH-KY-IN is $44,400. This typically ranges from $36,800 for entry-level positions to $53,730 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Cincinnati, OH-KY-IN is 8.5% higher than the national median of $40,940.

Is Cincinnati, OH-KY-IN a lucrative place for Tellers?

Yes, Cincinnati, OH-KY-IN offers a lucrative environment for Tellers.Tellers in this region earn above the national average salary, and with a cost of living index at the national average, their earnings provide strong purchasing power.

Is Cincinnati, OH-KY-IN a good place to live for Tellers?

The Cost of Living Index in Cincinnati, OH-KY-IN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Cincinnati, OH-KY-IN?

Some top paying nearby cities include Dayton-Kettering-Beavercreek, OH ($42,240) and Springfield, OH.

How does the Cincinnati Teller salary compare to the national average?

The average annual salary for Tellers in Cincinnati, OH-KY-IN is $44,400, which is $3,460 higher than the national average of $40,940.

What is the concentration of Teller jobs in Cincinnati?

Cincinnati has a higher concentration of Teller jobs compared to the national average, indicated by a Location Quotient of 1.35.

How does the Cost of Living affect Teller salaries in Cincinnati?

The Cost of Living Index in Cincinnati is 100, which is the national average. This means the $44,400 salary offers purchasing power equivalent to the national average.

What does a Location Quotient of 1.35 mean for Tellers in Cincinnati?

A Location Quotient of 1.35 means that Teller jobs are 35% more concentrated in Cincinnati than in the average U.S. location, suggesting a robust demand for these roles.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,240 employees in the Cincinnati, OH-KY-IN area with a job density of 2.968 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Cincinnati, OH-KY-IN