Average Tellers Salary in Denver-Aurora-Centennial, CO
Tellers in the Denver-Aurora-Centennial, CO metropolitan area earn an average annual salary of $47,140. This figure is notably higher than the national average of $40,940, suggesting that local economic factors and demand contribute to a more favorable compensation landscape for these financial professionals. The specific economic conditions and cost of doing business within this vibrant Colorado region likely influence this pay differential.
Executive Summary
- Average Salary: $47,140 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,840.
- Outlook: With a local workforce of 2,970 Tellers, the Denver-Aurora-Centennial area demonstrates a substantial presence in this sector. The Location Quotient of 0.83 indicates that while the concentration of Tellers is slightly below the national average, the absolute number of professionals suggests a stable and active job market. The rate of 1.837 jobs per 1,000 workers further reinforces the notion of consistent employment opportunities within this field in the region.
Salary Overview
The average Tellers in Denver-Aurora-Centennial, CO earns+15.1%above the national average.
$22.7
$907
$3,928
Tellers Salary Trends (2020-2024)
While specific historical data for Teller salary growth in Denver-Aurora-Centennial is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving job responsibilities typically drive salary increases for Tellers, ensuring their pay keeps pace with the broader economic environment.
Tellers Salary Distribution in Denver-Aurora-Centennial, CO
The salary trajectory for Tellers in Denver-Aurora-Centennial, CO, typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, potentially reaching the 75th or 90th percentile. These percentile gaps highlight the clear career progression and earning potential available to dedicated Tellers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,880 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,355 | $17 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,580 | $21.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,925 | $28.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $58,840 | $28.3 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$47,140
Gross Pay
Real Wage (Purchasing Power)
$47,140
Adjusted for COL (100)
The average annual salary of $47,140 for Tellers in Denver-Aurora-Centennial, CO, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in this area is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
2,970
Total Jobs
1.837
Per 1K Jobs
0.83
Location Quotient
Denver-Aurora-Centennial, CO has 0.83x 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.
A Location Quotient of 0.83 for Tellers in Denver-Aurora-Centennial, CO, suggests that the concentration of these roles is slightly lower than the national average. This implies that while the job market is not oversaturated, there is a steady demand for Teller services. The market is neither excessively competitive nor scarce, presenting a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Boulder, CO Tellers Salary | $45,250↓ 4% | 27 mi |
| Greeley, CO Tellers Salary | $41,850↓ 11% | 45 mi |
| Northwest Colorado nonmetropolitan area Tellers Salary | $46,090↓ 2% | 54 mi |
| Southwest Colorado nonmetropolitan area Tellers Salary | $41,800↓ 11% | 54 mi |
| Eastern and Southern Colorado nonmetropolitan area Tellers Salary | $41,150↓ 13% | 54 mi |
Comparing salaries near Denver-Aurora-Centennial, CO
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Denver-Aurora-Centennial, CO?
The median annual salary for a Tellers in Denver-Aurora-Centennial, CO is $47,140. This typically ranges from $38,880 for entry-level positions to $58,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Denver-Aurora-Centennial, CO is 15.1% higher than the national median of $40,940.
Is Denver-Aurora-Centennial, CO a lucrative place for Tellers?
Yes, Denver-Aurora-Centennial, CO offers a lucrative environment for Tellers.Tellers here earn an average of $47,140 annually, exceeding the national average, while maintaining a cost of living that matches the national index.
Is Denver-Aurora-Centennial, CO a good place to live for Tellers?
The Cost of Living Index in Denver-Aurora-Centennial, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Denver-Aurora-Centennial, CO?
Some top paying nearby cities include Boulder, CO ($45,250) and Greeley, CO.
How does the Teller salary in Denver compare to the national average?
Tellers in Denver-Aurora-Centennial, CO, earn an average of $47,140 annually, which is higher than the national average of $40,940.
What is the cost of living for Tellers in Denver?
The cost of living in Denver-Aurora-Centennial, CO, is at the national average (index of 100), meaning your salary of $47,140 has the same purchasing power as it would nationally.
How many Tellers are employed in the Denver area?
There are approximately 2,970 Tellers employed within the Denver-Aurora-Centennial, CO metropolitan area.
Is the Teller job market in Denver growing?
With a stable workforce size and a Location Quotient close to the national average, the Teller job market in Denver-Aurora-Centennial, CO, indicates consistent demand and employment opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,970 employees in the Denver-Aurora-Centennial, CO area with a job density of 1.837 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 Denver-Aurora-Centennial, CO