Average Tellers Salary in East Arkansas nonmetropolitan area
Tellers in the East Arkansas nonmetropolitan area earn an average annual salary of $34,540. This figure is notably below the national average of $40,940, reflecting regional economic factors and a potentially lower cost of doing business. The specific pay scale in this area is influenced by local demand, the concentration of financial institutions, and the overall economic landscape of nonmetropolitan Arkansas.
Executive Summary
- Average Salary: $34,540 per year.
- Growth Trend: Salaries have shifted 31.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $39,060.
- Outlook: The East Arkansas nonmetropolitan area supports a local workforce of 320 Tellers, indicating a stable presence within the region's financial sector. With a Location Quotient of 2.13, Tellers are significantly more concentrated here than the national average, suggesting robust local demand and a specialized job market for these professionals.
Salary Overview
The average Tellers in East Arkansas nonmetropolitan area earns-15.6%below the national average.
$16.6
$664
$2,878
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in nonmetropolitan areas like East Arkansas have seen modest growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increased demand for financial services, and efforts by employers to retain skilled staff in a competitive, albeit localized, market.
Tellers Salary Distribution in East Arkansas nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which often command higher salaries. While specific percentile data isn't available, the gap between starting and experienced Teller salaries generally widens with increased responsibility, customer service expertise, and proficiency in complex financial transactions, signifying clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,590 | $14.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,905 | $12.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $33,880 | $16.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $43,175 | $20.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $39,060 | $18.8 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,540
Gross Pay
Real Wage (Purchasing Power)
$34,540
Adjusted for COL (100)
The average annual salary of $34,540 in East Arkansas aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that while the pay is lower than the national average, the cost of living is also commensurate, providing a balanced financial standing for residents.
Job Market Context
320
Total Jobs
4.684
Per 1K Jobs
2.13
Location Quotient
East Arkansas nonmetropolitan area has 2.1x 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 2.13 for Tellers in East Arkansas signifies a substantial concentration of these roles compared to the national average. This indicates that the job market here is more specialized and potentially more competitive for Tellers, as the demand for their services is relatively high within the local economy, making it a key employment sector.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Tellers Salary | $34,380↓ 0% | 17 mi |
| Hot Springs, AR Tellers Salary | $32,140↓ 7% | 51 mi |
Comparing salaries near East Arkansas nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in East Arkansas nonmetropolitan area?
The median annual salary for a Tellers in East Arkansas nonmetropolitan area is $34,540. This typically ranges from $29,590 for entry-level positions to $39,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Arkansas nonmetropolitan area is 15.6% lower than the national median of $40,940.
Is East Arkansas nonmetropolitan area a lucrative place for Tellers?
No, not exceptionally lucrative compared to national averages.While the cost of living is on par with the national average, the average Teller salary of $34,540 is significantly lower than the national average of $40,940. The high concentration of Tellers, however, suggests strong local demand.
Is East Arkansas nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in East Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($34,380) and Hot Springs, AR.
How does the East Arkansas Teller salary compare to the national average?
The average annual salary for Tellers in East Arkansas is $34,540, which is considerably lower than the national average of $40,940.
What does the Location Quotient of 2.13 mean for Tellers in East Arkansas?
A Location Quotient of 2.13 indicates that Tellers are more than twice as concentrated in East Arkansas compared to the national average, suggesting a higher demand and specialization of this role in the region.
Is the cost of living in East Arkansas high?
No, the Cost of Living Index for East Arkansas is 100, which is exactly the national average, meaning the cost of goods and services is neither significantly higher nor lower than the national benchmark.
How many Tellers are employed in East Arkansas?
There are approximately 320 Tellers employed in the East Arkansas nonmetropolitan area, representing a notable segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the East Arkansas nonmetropolitan area area with a job density of 4.684 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 East Arkansas nonmetropolitan area