Average Tellers Salary in Durham-Chapel Hill, NC
Tellers in the Durham-Chapel Hill, NC area earn an average annual salary of $44,320, which is notably higher than the national average of $40,940. This localized pay differential is often influenced by the region's specific economic conditions and the demand for financial services professionals within the Research Triangle area.
Executive Summary
- Average Salary: $44,320 per year.
- Growth Trend: Salaries have shifted 24.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,140.
- Outlook: With a local workforce of 400 Tellers and a Location Quotient of 0.53, the job market in Durham-Chapel Hill indicates a slightly lower concentration of these roles compared to the national average. While not a high-demand hub, the presence of 1.161 jobs per 1,000 workers suggests a stable, albeit not rapidly expanding, employment landscape for Tellers in this metropolitan area.
Salary Overview
The average Tellers in Durham-Chapel Hill, NC earns+8.3%above the national average.
$21.3
$852
$3,693
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Durham-Chapel Hill is not provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national patterns. Economic growth and inflation typically drive salary increases across most sectors, and the financial services industry is unlikely to be an exception, suggesting a positive trajectory for Teller compensation.
Tellers Salary Distribution in Durham-Chapel Hill, NC
Career progression for Tellers in Durham-Chapel Hill typically involves salary increases tied to experience and skill development. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive knowledge of banking operations, customer service, and compliance can command significantly higher salaries, reflecting the broader percentile gaps seen nationally.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,970 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,240 | $16 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,980 | $21.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,400 | $26.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,140 | $27.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$44,320
Gross Pay
Real Wage (Purchasing Power)
$44,320
Adjusted for COL (100)
The average annual salary of $44,320 in Durham-Chapel Hill aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is equivalent to the national average, indicating that the higher nominal wage effectively balances out the cost of living expenses.
Job Market Context
400
Total Jobs
1.161
Per 1K Jobs
0.53
Location Quotient
Durham-Chapel Hill, NC has 0.53x 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 0.53 suggests that Tellers are less concentrated in Durham-Chapel Hill than the national average. This implies that while the job market is present, it may be less saturated, potentially offering a more competitive environment for job seekers or indicating that local financial institutions may rely on a broader range of roles to meet their staffing needs.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Raleigh-Cary, NC Tellers Salary | $44,910↑ 1% | 18 mi |
| Burlington, NC Tellers Salary | $43,110↓ 3% | 32 mi |
| Greensboro-High Point, NC Tellers Salary | $42,960↓ 3% | 52 mi |
| Eastern North Carolina nonmetropolitan area Tellers Salary | $41,060↓ 7% | 56 mi |
| Western North Carolina nonmetropolitan area Tellers Salary | $40,080↓ 10% | 56 mi |
Comparing salaries near Durham-Chapel Hill, NC
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Durham-Chapel Hill, NC?
The median annual salary for a Tellers in Durham-Chapel Hill, NC is $44,320. This typically ranges from $33,970 for entry-level positions to $57,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Durham-Chapel Hill, NC is 8.3% higher than the national median of $40,940.
Is Durham-Chapel Hill, NC a lucrative place for Tellers?
Yes, it offers a slightly above-average earning potential.Tellers in Durham-Chapel Hill earn $44,320 annually, exceeding the national average of $40,940. Coupled with a Cost of Living Index of 100, this salary provides equivalent purchasing power to the national average.
Is Durham-Chapel Hill, NC a good place to live for Tellers?
The Cost of Living Index in Durham-Chapel Hill, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Durham-Chapel Hill, NC?
Some top paying nearby cities include Raleigh-Cary, NC ($44,910) and Burlington, NC.
How does the Teller salary in Durham-Chapel Hill compare to the national average?
The average annual salary for Tellers in Durham-Chapel Hill is $44,320, which is $3,380 higher than the national average of $40,940.
What is the Cost of Living in Durham-Chapel Hill, NC?
The Cost of Living Index for Durham-Chapel Hill is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated are Teller jobs in Durham-Chapel Hill?
The Location Quotient for Tellers in Durham-Chapel Hill is 0.53, indicating that the concentration of these jobs is about half of the national average.
What does the number of jobs per 1,000 workers signify for Tellers in this area?
With 1.161 jobs per 1,000 workers, this metric suggests a moderate presence of Teller roles within the local labor market, neither exceptionally high nor low.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Durham-Chapel Hill, NC area with a job density of 1.161 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 Durham-Chapel Hill, NC