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Average Tellers Salary in Cleveland, OH

Tellers in Cleveland, OH earn an average annual salary of $43,130, which is notably higher than the national average of $40,940. This localized pay differential is often influenced by a combination of regional economic factors, demand for financial services, and the specific labor market dynamics within Ohio's largest metropolitan area.

Executive Summary

  • Average Salary: $43,130 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $48,350.
  • Outlook: Cleveland boasts a robust job market for Tellers, with a total local workforce of 2,420 individuals in this role. The Location Quotient of 1.06 indicates a slightly higher concentration of Teller positions compared to the national average, suggesting a stable and potentially growing demand for these essential financial service professionals within the region.
2024 Market Data

Salary Overview

$43,130

The average Tellers in Cleveland, OH earns+5.3%above the national average.

BreakdownBased on 40h/week
Hourly

$20.7

Weekly

$829

Monthly

$3,594

Tellers Salary Distribution in Cleveland, OH

Career progression for Tellers in Cleveland typically involves a salary increase with experience. Entry-level positions may start at 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 widening percentile gaps in compensation clearly signify opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,980$17.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$32,348$15.6
ManagerOversees team, compliance, and project delivery.50% (Median)$44,280$21.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$53,913$25.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$48,350$23.2

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$43,130

Gross Pay

Real Wage (Purchasing Power)

$43,130

Adjusted for COL (100)

The average annual salary of $43,130 for Tellers in Cleveland, OH, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Teller's salary in Cleveland is equivalent to the national average, offering financial stability without the added pressure of a higher cost of living.

Job Market Context

2,420

Total Jobs

2.338

Per 1K Jobs

1.06

Location Quotient

Above Average

With a location quotient of 1.06, Cleveland, OH has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

With a Location Quotient of 1.06, Cleveland's market for Tellers is slightly more concentrated than the national average. This suggests that while the demand is present and perhaps a bit more pronounced than in other areas, the job market is not oversaturated, presenting a balanced environment for both job seekers and employers.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Akron, OH Tellers Salary$42,810↓ 1%29 mi
Canton-Massillon, OH Tellers Salary$39,960↓ 7%49 mi
Sandusky, OH Tellers Salary$40,900↓ 5%53 mi
Youngstown-Warren, OH Tellers Salary$39,370↓ 9%60 mi
Mansfield, OH Tellers Salary$39,740↓ 8%66 mi

Comparing salaries near Cleveland, OH

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Cleveland, OH?

The median annual salary for a Tellers in Cleveland, OH is $43,130. This typically ranges from $36,980 for entry-level positions to $48,350 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Cleveland, OH is 5.3% higher than the national median of $40,940.

Is Cleveland, OH a lucrative place for Tellers?

Yes, Cleveland, OH offers a competitive salary for Tellers.Tellers in Cleveland earn above the national average salary, and the cost of living is on par with the national average, making it a financially sound location for this profession.

Is Cleveland, OH a good place to live for Tellers?

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

Where are the highest paying cities near Cleveland, OH?

Some top paying nearby cities include Akron, OH ($42,810) and Canton-Massillon, OH.

How does Cleveland's Teller salary compare to the national average?

The average annual salary for Tellers in Cleveland, OH is $43,130, which is higher than the national average of $40,940.

What is the Cost of Living in Cleveland, OH?

Cleveland, OH has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.

How many Tellers work in Cleveland, OH?

There are approximately 2,420 Tellers employed in the Cleveland, OH area, representing 2.338 jobs per 1,000 workers.

Is the Teller job market in Cleveland growing?

The Location Quotient of 1.06 suggests a slightly higher concentration of Teller jobs in Cleveland compared to the national average, indicating a stable to potentially growing 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 2,420 employees in the Cleveland, OH area with a job density of 2.338 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 Cleveland, OH