Average Tellers Salary in Decatur, AL
Tellers in Decatur, AL earn an average annual salary of $36,830, which is notably below the national average of $40,940. This disparity is often influenced by local economic factors, industry demand within the specific region, and the overall cost of labor in Decatur. Understanding these local dynamics is crucial for setting realistic salary expectations.
Executive Summary
- Average Salary: $36,830 per year.
- Growth Trend: Salaries have shifted 27.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,270.
- Outlook: The job market for Tellers in Decatur, AL, shows a significant concentration, with a Location Quotient of 1.82, indicating a demand that is 82% higher than the national average. Despite a modest local workforce of 240 individuals, this elevated quotient suggests that Tellers are a relatively sought-after profession within the Decatur area, pointing towards a stable or potentially growing job market.
Salary Overview
The average Tellers in Decatur, AL earns-10.0%below the national average.
$17.7
$708
$3,069
Tellers Salary Trends (2020-2024)
While specific historical data for Decatur Tellers is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and inflation typically drive incremental increases in compensation across most professions, including banking roles like Tellers, as employers adapt to market conditions and strive to retain talent.
Tellers Salary Distribution in Decatur, AL
The career path for Tellers typically involves salary progression based on experience and skill development. Entry-level positions often start at the lower end of the pay scale, while senior Tellers with extensive experience, specialized knowledge, and potentially supervisory responsibilities can command significantly higher salaries. The percentile gaps in salary distributions clearly signify these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,140 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,623 | $13.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,830 | $17.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $46,038 | $22.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,270 | $21.3 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,830
Gross Pay
Real Wage (Purchasing Power)
$36,830
Adjusted for COL (100)
With an average annual salary of $36,830 and a Cost of Living Index of 100 (precisely matching the national average), Tellers in Decatur, AL, experience a salary that aligns directly with the national cost of living. This means that the purchasing power of their income is comparable to that of Tellers in an average U.S. city, offering neither a significant financial advantage nor disadvantage from a cost-of-living perspective.
Job Market Context
240
Total Jobs
3.995
Per 1K Jobs
1.82
Location Quotient
Decatur, AL 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.
The Location Quotient of 1.82 for Tellers in Decatur, AL, strongly suggests a robust local market for this profession, with a concentration nearly double the national average. This indicates a higher demand relative to the national landscape, implying that job opportunities may be more abundant or that the workforce is more specialized in this area compared to other regions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Huntsville, AL Tellers Salary | $38,750↑ 5% | 22 mi |
| Florence-Muscle Shoals, AL Tellers Salary | $35,350↓ 4% | 42 mi |
| Gadsden, AL Tellers Salary | $33,630↓ 9% | 68 mi |
| Birmingham, AL Tellers Salary | $39,200↑ 6% | 73 mi |
| East Tennessee nonmetropolitan area Tellers Salary | $34,400↓ 7% | 83 mi |
Comparing salaries near Decatur, AL
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Decatur, AL?
The median annual salary for a Tellers in Decatur, AL is $36,830. This typically ranges from $31,140 for entry-level positions to $44,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Decatur, AL is 10.0% lower than the national median of $40,940.
Is Decatur, AL a lucrative place for Tellers?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary of $36,830 is below the national average of $40,940, suggesting less lucrative earning potential in Decatur.
Is Decatur, AL a good place to live for Tellers?
The Cost of Living Index in Decatur, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Decatur, AL?
Some top paying nearby cities include Huntsville, AL ($38,750) and Florence-Muscle Shoals, AL.
How does Decatur's Teller salary compare to the national average?
The average annual salary for Tellers in Decatur, AL, is $36,830, which is approximately 10% lower than the national average of $40,940.
What does the Location Quotient of 1.82 mean for Tellers in Decatur?
A Location Quotient of 1.82 signifies that Tellers are more concentrated in Decatur, AL, than the national average, indicating a potentially higher demand or a more specialized local workforce for this role.
How does the cost of living in Decatur affect Teller salaries?
Decatur's Cost of Living Index is 100, which is the national average. This means the $36,830 salary has purchasing power equivalent to the national average, making the lower salary more impactful than if the cost of living were lower.
What is the total number of Tellers employed in Decatur, AL?
There are approximately 240 Tellers employed in Decatur, AL, representing a local workforce size that contributes to the overall market dynamics for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Decatur, AL area with a job density of 3.995 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 Decatur, AL