Average Tellers Salary in East Central Illinois nonmetropolitan area
In the East Central Illinois nonmetropolitan area, Tellers can expect an average annual salary of $36,410. This figure is notably below the national average of $40,940, suggesting that regional economic factors and local demand play a significant role in compensation levels for this role. The specific economic landscape and the concentration of financial institutions within this nonmetropolitan region likely contribute to this pay differential.
Executive Summary
- Average Salary: $36,410 per year.
- Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,470.
- Outlook: The East Central Illinois nonmetropolitan area supports a local workforce of 760 Tellers, indicating a stable, albeit niche, job market. With a Location Quotient of 2.4, Tellers are significantly more concentrated here than in the nation generally, suggesting a robust demand relative to the available workforce. The presence of 5.288 jobs per 1,000 workers further underscores the consistent need for these financial service professionals within the region.
Salary Overview
The average Tellers in East Central Illinois nonmetropolitan area earns-11.1%below the national average.
$17.5
$700
$3,034
Tellers Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is reasonable to assume a general upward trend in Teller salaries within the East Central Illinois nonmetropolitan area, mirroring national trends. Economic growth, inflation, and evolving banking needs typically drive incremental salary increases over time. Professionals in this role can anticipate modest but steady salary progression as they gain experience and adapt to new banking technologies and customer service demands.
Tellers Salary Distribution in East Central Illinois nonmetropolitan area
Salary progression for Tellers in East Central Illinois nonmetropolitan areas typically scales with experience. Entry-level positions will command salaries at the lower end of the spectrum, while seasoned professionals with extensive knowledge of financial products and customer relations can expect to earn significantly more. The percentile gaps between junior and senior roles highlight the career ladder, rewarding accumulated expertise and responsibility with higher compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,900 | $14.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,308 | $13.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,810 | $17.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,513 | $21.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,470 | $20.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,410
Gross Pay
Real Wage (Purchasing Power)
$36,410
Adjusted for COL (100)
The average annual salary of $36,410 in the East Central Illinois nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average. Therefore, relocation to this area for a Teller position does not present a significant advantage or disadvantage in terms of cost of living versus income.
Job Market Context
760
Total Jobs
5.288
Per 1K Jobs
2.4
Location Quotient
East Central Illinois nonmetropolitan area has 2.4x 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.
A Location Quotient of 2.4 for Tellers in the East Central Illinois nonmetropolitan area signifies a job market with a considerably higher concentration of these roles compared to the national average. This indicates a robust and potentially competitive environment for Teller positions, suggesting that employers actively seek and retain these professionals. The abundance of roles relative to the general workforce points to a specialized demand within the region's financial sector.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Tellers Salary | $38,680↑ 6% | 9 mi |
| Decatur, IL Tellers Salary | $37,010↑ 2% | 34 mi |
| Champaign-Urbana, IL Tellers Salary | $37,270↑ 2% | 41 mi |
| Peoria, IL Tellers Salary | $37,910↑ 4% | 43 mi |
| Springfield, IL Tellers Salary | $38,210↑ 5% | 53 mi |
Comparing salaries near East Central Illinois nonmetropolitan area
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Frequently Asked Questions
How much does a Tellers make in East Central Illinois nonmetropolitan area?
The median annual salary for a Tellers in East Central Illinois nonmetropolitan area is $36,410. This typically ranges from $30,900 for entry-level positions to $43,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Central Illinois nonmetropolitan area is 11.1% lower than the national median of $40,940.
Is East Central Illinois nonmetropolitan area a lucrative place for Tellers?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average Teller salary of $36,410 is below the national average of $40,940. The high concentration of Tellers suggests demand, but not necessarily higher pay.
Is East Central Illinois nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in East Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($38,680) and Decatur, IL.
How does the Teller salary compare to the national average?
The average annual salary for Tellers in East Central Illinois nonmetropolitan areas is $36,410, which is lower than the national average of $40,940.
What is the job market like for Tellers in this region?
The job market is robust, with a high concentration of Tellers indicated by a Location Quotient of 2.4, suggesting strong local demand relative to the national average.
Does the cost of living affect the value of a Teller's salary in East Central Illinois?
No, the local Cost of Living Index is 100, matching the national average, meaning the $36,410 salary has equivalent purchasing power to the national average salary.
How many Tellers are employed in the East Central Illinois nonmetropolitan area?
There are approximately 760 Tellers employed in the East Central Illinois nonmetropolitan area, representing 5.288 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the East Central Illinois nonmetropolitan area area with a job density of 5.288 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 Central Illinois nonmetropolitan area