Average Tellers Salary in Crestview-Fort Walton Beach-Destin, FL
Tellers in the Crestview-Fort Walton Beach-Destin, FL area earn an average annual salary of $42,010. This figure slightly surpasses the national average of $40,940, indicating a competitive local market. Factors such as the specific economic drivers and demand within the financial sector of this Florida region contribute to this slightly elevated compensation.
Executive Summary
- Average Salary: $42,010 per year.
- Growth Trend: Salaries have shifted 29.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $48,380.
- Outlook: The local job market for Tellers in Crestview-Fort Walton Beach-Destin, FL, shows a steady presence with a total workforce of 210 individuals. The Location Quotient of 0.76 suggests that while the concentration of Tellers is slightly below the national average, the consistent number of jobs per 1,000 workers (1.671) points to a stable demand for these essential financial service roles within the community.
Salary Overview
The average Tellers in Crestview-Fort Walton Beach-Destin, FL earns+2.6%above the national average.
$20.2
$808
$3,501
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that roles like Tellers typically experience modest but consistent salary growth over a four-year period. This growth is often driven by inflation, increased cost of living, and the evolving responsibilities within the banking sector, ensuring that compensation keeps pace with economic shifts.
Tellers Salary Distribution in Crestview-Fort Walton Beach-Destin, FL
Career progression for Tellers in Crestview-Fort Walton Beach-Destin, FL, is typically marked by increasing salary levels. Entry-level positions may start closer to the lower end of the pay scale, while experienced Tellers with proven track records and advanced skills can command salaries significantly higher than the average. The percentile gaps in salary distributions clearly signify opportunities for career advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,940 | $17.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,508 | $15.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,440 | $20.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $52,513 | $25.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $48,380 | $23.3 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$42,010
Gross Pay
Real Wage (Purchasing Power)
$42,010
Adjusted for COL (100)
With an average annual salary of $42,010 and a Cost of Living Index of 100, Tellers in Crestview-Fort Walton Beach-Destin, FL, find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary is comparable to that of Tellers in other average-cost areas across the United States, offering a stable financial foundation.
Job Market Context
210
Total Jobs
1.671
Per 1K Jobs
0.76
Location Quotient
Crestview-Fort Walton Beach-Destin, FL has 0.76x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.76 for Tellers in Crestview-Fort Walton Beach-Destin, FL, indicates that this profession is slightly less concentrated here compared to the national average. This suggests that while the demand is present, the market is not oversaturated, potentially offering good opportunities for skilled individuals entering the field or seeking employment.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Pensacola-Ferry Pass-Brent, FL Tellers Salary | $40,450↓ 4% | 42 mi |
| Panama City-Panama City Beach, FL Tellers Salary | $42,700↑ 2% | 69 mi |
| Dothan, AL Tellers Salary | $35,930↓ 14% | 77 mi |
| Daphne-Fairhope-Foley, AL Tellers Salary | $37,840↓ 10% | 78 mi |
| Mobile, AL Tellers Salary | $37,890↓ 10% | 91 mi |
Comparing salaries near Crestview-Fort Walton Beach-Destin, FL
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Crestview-Fort Walton Beach-Destin, FL?
The median annual salary for a Tellers in Crestview-Fort Walton Beach-Destin, FL is $42,010. This typically ranges from $35,940 for entry-level positions to $48,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Crestview-Fort Walton Beach-Destin, FL is 2.6% higher than the national median of $40,940.
Is Crestview-Fort Walton Beach-Destin, FL a lucrative place for Tellers?
Yes, moderately so.Tellers in this area earn slightly above the national average salary, and with a cost of living at the national average, their earnings offer good purchasing power.
Is Crestview-Fort Walton Beach-Destin, FL a good place to live for Tellers?
The Cost of Living Index in Crestview-Fort Walton Beach-Destin, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Crestview-Fort Walton Beach-Destin, FL?
Some top paying nearby cities include Pensacola-Ferry Pass-Brent, FL ($40,450) and Panama City-Panama City Beach, FL.
How does experience affect Teller salaries in this area?
Experience significantly impacts Teller salaries, with senior Tellers earning considerably more than entry-level positions, reflecting increased responsibility and expertise.
What is the national average salary for a Teller?
The national average annual salary for a Teller is approximately $40,940.
How does the Cost of Living in Crestview-Fort Walton Beach-Destin, FL compare nationally?
The Cost of Living Index for Crestview-Fort Walton Beach-Destin, FL is 100, which is exactly the national average.
Are there many Teller jobs in Crestview-Fort Walton Beach-Destin, FL?
While the concentration (Location Quotient) is slightly below the national average, the number of jobs per 1,000 workers indicates a consistent demand for Tellers in the area.
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 Crestview-Fort Walton Beach-Destin, FL area with a job density of 1.671 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 Crestview-Fort Walton Beach-Destin, FL