In Erie, Pennsylvania, Tellers earn an average annual salary of $36,320. This figure is notably below the national average of $40,940, suggesting that local market dynamics and potentially a lower cost of doing business contribute to this compensation difference. Understanding these local factors is crucial for anyone in or considering this role in Erie.
Executive Summary
- Average Salary: $36,320 per year.
- Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,420.
- Outlook: The Tellers job market in Erie, PA, shows a moderate level of concentration, indicated by a Location Quotient of 1.37, which is above the national average. With a local workforce of 360 Tellers and 3.01 jobs per 1,000 workers, the demand appears stable, suggesting a consistent need for these financial professionals within the region.
Tellers Salary Trends (2020-2024)
While specific historical data for Erie, PA Tellers salaries isn't provided, it's reasonable to assume a general upward trend in compensation over the past four years, mirroring national patterns. Economic factors and inflation typically drive modest annual salary increases across most professions, including those in the financial sector.
Tellers Salary Distribution in Erie, PA
As Tellers gain experience, their earning potential typically increases. Entry-level positions often start at the lower end of the pay scale, while senior Tellers with extensive knowledge and responsibilities can command higher salaries. The percentile gaps in salary distribution signify clear career progression pathways and the value placed on accumulated expertise and client service skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,870 | $14.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,240 | $13.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,870 | $17.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,400 | $21.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,420 | $20.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,320
Gross Pay
Real Wage (Purchasing Power)
$36,320
Adjusted for COL (100)
The average annual salary for Tellers in Erie, PA, stands at $36,320. This nominal income aligns precisely 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 in Erie is equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
360
Total Jobs
3.01
Per 1K Jobs
1.37
Location Quotient
With a location quotient of 1.37, Erie, PA has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
Erie, PA, exhibits a higher concentration of Tellers compared to the national average, as evidenced by a Location Quotient of 1.37. This suggests that the role of a Teller is relatively more prevalent in Erie's job market than in the country as a whole, potentially indicating a stronger local demand or a more specialized financial service industry presence.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Youngstown-Warren, OH Tellers Salary | $39,370↑ 8% | 76 mi |
| Buffalo-Cheektowaga, NY Tellers Salary | $41,480↑ 14% | 83 mi |
| Cleveland, OH Tellers Salary | $43,130↑ 19% | 94 mi |
Comparing salaries near Erie, PA
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Erie, PA?
The median annual salary for a Tellers in Erie, PA is $36,320. This typically ranges from $29,870 for entry-level positions to $43,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Erie, PA is 11.3% lower than the national median of $40,940.
Is Erie, PA a lucrative place for Tellers?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the Tellers salary in Erie, PA ($36,320) is below the national average ($40,940), indicating less lucrative compensation.
Is Erie, PA a good place to live for Tellers?
The Cost of Living Index in Erie, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Erie, PA?
Some top paying nearby cities include Youngstown-Warren, OH ($39,370) and Buffalo-Cheektowaga, NY.
How does the Erie, PA Teller salary compare to the national average?
The average annual salary for Tellers in Erie, PA is $36,320, which is lower than the national average of $40,940.
What is the Cost of Living in Erie, PA?
Erie, PA has a Cost of Living Index of 100, which is exactly the national average.
Is the Teller job market concentrated in Erie, PA?
Yes, Erie, PA has a higher concentration of Tellers than the national average, with a Location Quotient of 1.37.
How many Tellers work in Erie, PA?
There are approximately 360 Tellers employed in Erie, PA, representing 3.01 jobs per 1,000 workers in 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 360 employees in the Erie, PA area with a job density of 3.01 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 Erie, PA