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Average Tellers Salary in Detroit-Warren-Dearborn, MI

Tellers in the Detroit-Warren-Dearborn, MI area earn an average annual salary of $40,990. This figure is remarkably close to the national average of $40,940, indicating a stable market for this role. Local economic factors and the specific demand within the financial services sector of this metropolitan area contribute to this compensation level.

Executive Summary

  • Average Salary: $40,990 per year.
  • Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $47,370.
  • Outlook: The Detroit-Warren-Dearborn, MI area exhibits a healthy presence of Tellers, with a total local workforce of 4,890 individuals in this role. The Location Quotient of 1.16 suggests a slightly higher concentration of Tellers compared to the national average, implying a steady demand and a robust job market for these financial professionals.
2024 Market Data

Salary Overview

$40,990

The average Tellers in Detroit-Warren-Dearborn, MI earns+0.1%above the national average.

BreakdownBased on 40h/week
Hourly

$19.7

Weekly

$788

Monthly

$3,416

Tellers Salary Distribution in Detroit-Warren-Dearborn, MI

Career progression for Tellers typically involves moving from entry-level positions to more senior roles, often accompanied by salary increases. While specific percentile data isn't available, it's expected that experienced Tellers in Detroit-Warren-Dearborn, MI would command higher salaries than their less experienced counterparts, reflecting a clear career ladder and opportunities for advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,560$17.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$30,743$14.8
ManagerOversees team, compliance, and project delivery.50% (Median)$39,380$18.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$51,238$24.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$47,370$22.8

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$40,990

Gross Pay

Real Wage (Purchasing Power)

$40,990

Adjusted for COL (100)

With a Cost of Living Index of 100, the Detroit-Warren-Dearborn, MI area is perfectly aligned with the national average. This means the nominal salary of $40,990 for Tellers holds its purchasing power directly in line with the national median, offering no significant advantage or disadvantage in terms of affordability for residents.

Job Market Context

4,890

Total Jobs

2.56

Per 1K Jobs

1.16

Location Quotient

Above Average

With a location quotient of 1.16, Detroit-Warren-Dearborn, MI has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.16 for Tellers in Detroit-Warren-Dearborn, MI indicates a slightly higher concentration of these roles than the national average. This suggests that the job market is neither overly saturated nor exceptionally scarce, presenting a balanced environment for job seekers and employers alike.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Monroe, MI Tellers Salary$40,230↓ 2%34 mi
Ann Arbor, MI Tellers Salary$41,490↑ 1%35 mi
Toledo, OH Tellers Salary$42,770↑ 4%54 mi
Flint, MI Tellers Salary$39,440↓ 4%58 mi
Sandusky, OH Tellers Salary$40,900↓ 0%64 mi

Comparing salaries near Detroit-Warren-Dearborn, MI

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Detroit-Warren-Dearborn, MI?

The median annual salary for a Tellers in Detroit-Warren-Dearborn, MI is $40,990. This typically ranges from $35,560 for entry-level positions to $47,370 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Detroit-Warren-Dearborn, MI is 0.1% higher than the national median of $40,940.

Is Detroit-Warren-Dearborn, MI a lucrative place for Tellers?

Yes, it offers competitive compensation.Tellers in Detroit-Warren-Dearborn, MI earn an average of $40,990, which is on par with the national average. Coupled with a cost of living that also matches the national average, this makes the area a stable and competitive place for Tellers.

Is Detroit-Warren-Dearborn, MI a good place to live for Tellers?

The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Detroit-Warren-Dearborn, MI?

Some top paying nearby cities include Monroe, MI ($40,230) and Ann Arbor, MI.

How does the Tellers salary in Detroit compare to the national average?

The average annual salary for Tellers in Detroit-Warren-Dearborn, MI is $40,990, which is very close to the national average of $40,940.

What is the concentration of Tellers in Detroit compared to the rest of the US?

Detroit-Warren-Dearborn, MI has a Location Quotient of 1.16 for Tellers, meaning there is a slightly higher concentration of these jobs locally compared to the national average.

How does the cost of living in Detroit affect Tellers' salaries?

Detroit-Warren-Dearborn, MI has a Cost of Living Index of 100, which is the national average. Therefore, the Tellers' salary of $40,990 has purchasing power equivalent to the national median.

What is the size of the Tellers workforce in Detroit?

There are approximately 4,890 Tellers employed in the Detroit-Warren-Dearborn, MI metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,890 employees in the Detroit-Warren-Dearborn, MI area with a job density of 2.56 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Detroit-Warren-Dearborn, MI

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Detroit-Warren-Dearborn, MI