Average Tellers Salary in East North Dakota nonmetropolitan area
Tellers in the East North Dakota nonmetropolitan area earn an average annual salary of $40,460. This figure is slightly below the national average of $40,940, reflecting the unique economic dynamics and demand specific to this region. Local factors, including the concentration of financial institutions and the overall economic landscape, play a significant role in shaping compensation for these essential banking professionals.
Executive Summary
- Average Salary: $40,460 per year.
- Growth Trend: Salaries have shifted 19.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,130.
- Outlook: The job market for Tellers in the East North Dakota nonmetropolitan area appears robust, characterized by a substantial local workforce of 440 individuals. With a Location Quotient of 3.15, Tellers are significantly more concentrated in this region than the national average, indicating a strong and sustained demand for their services within the local economy. The presence of 6.94 jobs per 1,000 workers further underscores the active employment opportunities available.
Salary Overview
The average Tellers in East North Dakota nonmetropolitan area earns-1.2%below the national average.
$19.5
$778
$3,372
Tellers Salary Trends (2020-2024)
While specific historical data for the East North Dakota nonmetropolitan area is not provided, it is reasonable to assume a general trend of salary growth for Tellers over the past four years, mirroring national patterns. Economic shifts and inflation typically drive modest annual increases in compensation across most sectors, including banking. Therefore, Tellers in this region likely have experienced incremental salary improvements, aligning with broader economic trends and the evolving needs of financial institutions.
Tellers Salary Distribution in East North Dakota nonmetropolitan area
Career progression for Tellers typically involves a noticeable salary increase with accumulated experience. Entry-level positions generally offer compensation at the lower end of the pay scale, while seasoned professionals with several years of experience can command significantly higher salaries. The percentile gaps in earnings clearly signify this career trajectory, with senior Tellers often earning substantially more than their less experienced counterparts, reflecting acquired skills, customer service expertise, and potentially supervisory responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,470 | $17.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,345 | $14.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,090 | $18.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,575 | $24.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,130 | $22.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$40,460
Gross Pay
Real Wage (Purchasing Power)
$40,460
Adjusted for COL (100)
The average annual salary of $40,460 for Tellers in the East North Dakota nonmetropolitan area aligns perfectly with the national average cost of living, which is indexed at 100. This means that the nominal income earned by Tellers in this region holds its purchasing power comparably to the national average. Consequently, individuals relocating to or residing in this area can expect their earnings to provide a similar standard of living in terms of everyday expenses.
Job Market Context
440
Total Jobs
6.94
Per 1K Jobs
3.15
Location Quotient
East North Dakota nonmetropolitan area has 3.1x 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 3.15 for Tellers in the East North Dakota nonmetropolitan area signifies a highly concentrated job market. This elevated quotient indicates that Tellers are employed in this region at a rate more than three times the national average. Such a concentration suggests a strong local demand for these roles, potentially stemming from a specific industry focus or a lower overall workforce size relative to the number of banking positions available.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Tellers Salary | $42,840↑ 6% | 68 mi |
| Minot, ND Tellers Salary | $41,860↑ 3% | 85 mi |
Comparing salaries near East North Dakota nonmetropolitan area
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Frequently Asked Questions
How much does a Tellers make in East North Dakota nonmetropolitan area?
The median annual salary for a Tellers in East North Dakota nonmetropolitan area is $40,460. This typically ranges from $36,470 for entry-level positions to $47,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East North Dakota nonmetropolitan area is 1.2% lower than the national median of $40,940.
Is East North Dakota nonmetropolitan area a lucrative place for Tellers?
Yes, it offers competitive earnings relative to the cost of living.Tellers earn an average of $40,460, which is on par with the national average. Coupled with a cost of living index of 100, this salary provides a comparable standard of living to the rest of the country.
Is East North Dakota nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in East North Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East North Dakota nonmetropolitan area?
Some top paying nearby cities include Bismarck, ND ($42,840) and Minot, ND.
How does the Teller salary in East North Dakota compare to the national average?
The average annual salary for Tellers in East North Dakota is $40,460, which is slightly lower than the national average of $40,940.
What does the Location Quotient of 3.15 mean for Teller jobs in East North Dakota?
A Location Quotient of 3.15 indicates that Tellers are significantly more concentrated in this region compared to the national average, suggesting a higher demand or a specialized market for these roles.
Is the cost of living in East North Dakota higher or lower than the national average?
The cost of living in the East North Dakota nonmetropolitan area is exactly at the national average, with an index of 100.
How many Tellers are employed in the East North Dakota nonmetropolitan area?
There are approximately 440 Tellers employed in the East North Dakota nonmetropolitan area, representing 6.94 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 440 employees in the East North Dakota nonmetropolitan area area with a job density of 6.94 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 North Dakota nonmetropolitan area