Average Tellers Salary in Eastern New Mexico nonmetropolitan area
Tellers in the Eastern New Mexico nonmetropolitan area earn an average annual salary of $36,200. This figure is notably below the national average of $40,940. The localized pay scale is often influenced by regional economic factors, demand for banking services, and the overall cost of doing business within the nonmetropolitan landscape.
Executive Summary
- Average Salary: $36,200 per year.
- Growth Trend: Salaries have shifted 32.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,030.
- Outlook: With a local workforce of 630 Tellers and a Location Quotient of 1.74, the job market in Eastern New Mexico shows a significant concentration of these roles compared to the national average. This suggests a robust demand and a specialized employment sector for Tellers within this region, indicating a stable outlook for those in the profession.
Salary Overview
The average Tellers in Eastern New Mexico nonmetropolitan area earns-11.6%below the national average.
$17.4
$696
$3,017
Tellers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that Teller salaries in Eastern New Mexico have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased responsibilities, and the ongoing need for skilled financial service professionals.
Tellers Salary Distribution in Eastern New Mexico nonmetropolitan area
Career progression for Tellers typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command higher salaries. The percentile gaps in salary distribution signify clear opportunities for career advancement and increased earning potential within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,270 | $14.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,150 | $13.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,630 | $17.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,250 | $21.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,030 | $21.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,200
Gross Pay
Real Wage (Purchasing Power)
$36,200
Adjusted for COL (100)
The nominal average annual salary of $36,200 in Eastern New Mexico aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national average, making the financial aspect of relocating or residing here neutral.
Job Market Context
630
Total Jobs
3.84
Per 1K Jobs
1.74
Location Quotient
Eastern New Mexico nonmetropolitan area has 1.7x 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 1.74 indicates that Tellers are more concentrated in Eastern New Mexico than the national average. This suggests a higher relative demand for Tellers in this area, potentially leading to more job opportunities and a competitive market for skilled professionals, though not necessarily higher pay due to nonmetropolitan factors.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Tellers Salary | $39,700↑ 10% | 29 mi |
| Santa Fe, NM Tellers Salary | $43,360↑ 20% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
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Frequently Asked Questions
How much does a Tellers make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a Tellers in Eastern New Mexico nonmetropolitan area is $36,200. This typically ranges from $29,270 for entry-level positions to $44,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 11.6% lower than the national median of $40,940.
Is Eastern New Mexico nonmetropolitan area a lucrative place for Tellers?
No, it is not a particularly lucrative place for Tellers.While the cost of living is average, the average salary for Tellers is significantly lower than the national average, indicating less earning potential in this specific role and region.
Is Eastern New Mexico nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($39,700) and Santa Fe, NM.
How does the number of Tellers in Eastern New Mexico compare nationally?
With 3.84 jobs per 1,000 workers, the concentration of Tellers in Eastern New Mexico is 74% higher than the national average, as indicated by the Location Quotient of 1.74.
What is the average salary for a Teller in this region?
The average annual salary for a Teller in the Eastern New Mexico nonmetropolitan area is $36,200.
How does the cost of living in Eastern New Mexico affect salary perception?
The Cost of Living Index is 100, which is the national average. This means the $36,200 salary has the same purchasing power as the national average salary, despite being lower in nominal terms.
Are there many Teller job opportunities in Eastern New Mexico?
The Location Quotient of 1.74 suggests a higher concentration of Teller roles relative to the national average, indicating a potentially strong local demand for these positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the Eastern New Mexico nonmetropolitan area area with a job density of 3.84 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 Eastern New Mexico nonmetropolitan area