Average Tellers Salary in Davenport-Moline-Rock Island, IA-IL
Tellers in the Davenport-Moline-Rock Island, IA-IL area earn an average annual salary of $38,280. This figure is slightly below the national average of $40,940, a common occurrence in regions where the cost of living aligns closely with the national benchmark. Local economic factors and the specific demand within the financial sector of this metropolitan area contribute to this salary positioning.
Executive Summary
- Average Salary: $38,280 per year.
- Growth Trend: Salaries have shifted 28.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,990.
- Outlook: The Davenport-Moline-Rock Island, IA-IL area supports a local workforce of 710 Tellers, indicating a stable presence in the financial services sector. With a Location Quotient of 1.8, the concentration of Teller positions is significantly higher than the national average, suggesting a robust demand and a potentially favorable job market for those in this role within the region.
Salary Overview
The average Tellers in Davenport-Moline-Rock Island, IA-IL earns-6.5%below the national average.
$18.4
$736
$3,190
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in Davenport-Moline-Rock Island, IA-IL have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This upward trajectory is typical for roles within established financial institutions, reflecting an ongoing need for skilled banking professionals.
Tellers Salary Distribution in Davenport-Moline-Rock Island, IA-IL
Career progression for Tellers typically involves a salary scale that increases with experience. Entry-level positions may start closer to the lower end of the pay spectrum, while seasoned professionals with extensive knowledge of banking operations, customer service, and financial products can command higher salaries. The percentile gaps in earnings signify the value placed on accumulated expertise and demonstrated performance in senior Teller roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,890 | $14.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,710 | $13.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,070 | $17.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $47,850 | $23 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,990 | $22.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,280
Gross Pay
Real Wage (Purchasing Power)
$38,280
Adjusted for COL (100)
The nominal average annual salary of $38,280 in Davenport-Moline-Rock Island, IA-IL is directly comparable to 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 this area is effectively on par with the national standard, offering a balanced financial environment for residents.
Job Market Context
710
Total Jobs
3.956
Per 1K Jobs
1.8
Location Quotient
Davenport-Moline-Rock Island, IA-IL has 1.8x 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.
A Location Quotient of 1.8 for Tellers in Davenport-Moline-Rock Island, IA-IL signifies that this occupation is more concentrated in the local labor market than it is nationally. This higher concentration suggests a strong local demand for Tellers relative to the overall employment landscape, potentially leading to more job opportunities and a competitive environment for employers seeking qualified candidates.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Iowa City, IA Tellers Salary | $42,170↑ 10% | 48 mi |
| Cedar Rapids, IA Tellers Salary | $40,100↑ 5% | 62 mi |
| Dubuque, IA Tellers Salary | $39,780↑ 4% | 65 mi |
| Peoria, IL Tellers Salary | $37,910↓ 1% | 76 mi |
| Rockford, IL Tellers Salary | $40,600↑ 6% | 93 mi |
Comparing salaries near Davenport-Moline-Rock Island, IA-IL
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Davenport-Moline-Rock Island, IA-IL?
The median annual salary for a Tellers in Davenport-Moline-Rock Island, IA-IL is $38,280. This typically ranges from $30,890 for entry-level positions to $45,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Davenport-Moline-Rock Island, IA-IL is 6.5% lower than the national median of $40,940.
Is Davenport-Moline-Rock Island, IA-IL a lucrative place for Tellers?
No, but it offers stability.While the average salary of $38,280 is below the national average, the cost of living is also at the national average, making the purchasing power comparable. The high concentration of Tellers indicates consistent demand for the role.
Is Davenport-Moline-Rock Island, IA-IL a good place to live for Tellers?
The Cost of Living Index in Davenport-Moline-Rock Island, IA-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Davenport-Moline-Rock Island, IA-IL?
Some top paying nearby cities include Iowa City, IA ($42,170) and Cedar Rapids, IA.
How does the Davenport Teller salary compare to the national average?
The average annual salary for Tellers in Davenport-Moline-Rock Island, IA-IL is $38,280, which is approximately $2,660 less than the national average of $40,940.
What is the significance of the Location Quotient for Tellers in this area?
A Location Quotient of 1.8 indicates that Tellers are more concentrated in the Davenport-Moline-Rock Island, IA-IL area compared to the national average, suggesting a higher relative demand for these positions locally.
How does the Cost of Living affect the Davenport Teller salary?
With a Cost of Living Index of 100, the Davenport-Moline-Rock Island, IA-IL area is at the national average. This means the $38,280 salary has purchasing power equivalent to the national average, despite being below the national salary figure.
What is the total number of Tellers in the Davenport-Moline-Rock Island, IA-IL area?
There are approximately 710 Tellers employed within the Davenport-Moline-Rock Island, IA-IL metropolitan area, forming a significant portion of the local financial services workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 710 employees in the Davenport-Moline-Rock Island, IA-IL area with a job density of 3.956 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 Davenport-Moline-Rock Island, IA-IL