Average Tellers Salary in East Kentucky nonmetropolitan area
Tellers in the East Kentucky nonmetropolitan area earn an average annual salary of $33,950. This figure is notably lower than the national average of $40,940, reflecting regional economic factors and the specific demand within this locale. The pay scale is intrinsically tied to the economic landscape and cost of living prevalent in nonmetropolitan regions.
Executive Summary
- Average Salary: $33,950 per year.
- Growth Trend: Salaries have shifted 30.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $42,480.
- Outlook: The local market for Tellers in East Kentucky is characterized by a workforce of 290 individuals, with a jobs-per-1,000-workers ratio of 3.173. The Location Quotient of 1.44 indicates a concentration of Teller positions higher than the national average, suggesting a stable, albeit localized, demand for these financial service professionals.
Salary Overview
The average Tellers in East Kentucky nonmetropolitan area earns-17.1%below the national average.
$16.3
$653
$2,829
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 Kentucky have experienced modest growth over the past four years, mirroring broader economic trends and inflation adjustments. This gradual increase aims to keep compensation competitive within the regional context.
Tellers Salary Distribution in East Kentucky nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level roles to more experienced positions. As Tellers gain experience, their responsibilities often expand, leading to higher earning potential. The salary distribution, while not detailed here, would show a widening gap between the lower and upper percentiles as experience and tenure increase, signifying clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,120 | $14 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,463 | $12.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $33,660 | $16.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,438 | $20.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $42,480 | $20.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$33,950
Gross Pay
Real Wage (Purchasing Power)
$33,950
Adjusted for COL (100)
The nominal salary of $33,950 in East Kentucky aligns directly with the national average Cost of Living Index of 100. This means that while the absolute salary is lower than the national average, the purchasing power of that salary is comparable to the national standard, making the financial aspect of relocating neutral from a cost-of-living perspective.
Job Market Context
290
Total Jobs
3.173
Per 1K Jobs
1.44
Location Quotient
With a location quotient of 1.44, East Kentucky nonmetropolitan area has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.44, East Kentucky exhibits a higher concentration of Teller jobs relative to the national average. This suggests that the job market for Tellers in this region is more robust and potentially less saturated than in metropolitan areas, offering a slightly more favorable environment for job seekers in this specific profession.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Tellers Salary | $38,720↑ 14% | 28 mi |
| Elizabethtown, KY Tellers Salary | $36,150↑ 6% | 66 mi |
| Louisville/Jefferson County, KY-IN Tellers Salary | $38,020↑ 12% | 72 mi |
| Cincinnati, OH-KY-IN Tellers Salary | $44,400↑ 31% | 100 mi |
Comparing salaries near East Kentucky nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in East Kentucky nonmetropolitan area?
The median annual salary for a Tellers in East Kentucky nonmetropolitan area is $33,950. This typically ranges from $29,120 for entry-level positions to $42,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Kentucky nonmetropolitan area is 17.1% lower than the national median of $40,940.
Is East Kentucky nonmetropolitan area a lucrative place for Tellerss?
No, not exceptionally lucrative compared to national averages.The average Teller salary of $33,950 is significantly below the national average of $40,940. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is East Kentucky nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in East Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($38,720) and Elizabethtown, KY.
How does the Teller salary in East Kentucky compare to the national average?
The average annual salary for Tellers in East Kentucky is $33,950, which is considerably lower than the national average of $40,940.
What is the Cost of Living in East Kentucky compared to the national average?
The Cost of Living Index in East Kentucky is 100, which is exactly the same as the national average, indicating that the cost of goods and services is comparable.
Is there high demand for Tellers in East Kentucky?
The Location Quotient of 1.44 suggests a higher concentration of Teller jobs than the national average, indicating a relatively strong local demand for these roles.
How many Tellers are there in East Kentucky?
The total local workforce for Tellers in East Kentucky is approximately 290 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the East Kentucky nonmetropolitan area area with a job density of 3.173 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 Kentucky nonmetropolitan area