Average Tellers Salary in Evansville, IN
Tellers in Evansville, Indiana, earn an average annual salary of $38,050. This figure is slightly below the national average of $40,940, indicating localized economic factors and demand influencing compensation within the region. The specific pay rates for Tellers in Evansville are shaped by the local economic landscape and the overall cost of living.
Executive Summary
- Average Salary: $38,050 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,480.
- Outlook: With a total local workforce of 490 Tellers, Evansville presents a moderately sized employment pool for this profession. The Location Quotient of 1.65 suggests a higher concentration of Tellers in Evansville compared to the national average, implying a stable or potentially growing demand for these financial service professionals within the area.
Salary Overview
The average Tellers in Evansville, IN earns-7.1%below the national average.
$18.3
$732
$3,171
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Tellers' salaries in Evansville, like most professions, have experienced gradual growth over the past four years. Economic shifts, inflation, and evolving banking needs likely contribute to an upward trend in compensation, aiming to keep pace with the cost of living and retain skilled professionals.
Tellers Salary Distribution in Evansville, IN
Salary progression for Tellers in Evansville typically correlates with experience. Entry-level positions will command salaries at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,550 | $15.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,538 | $13.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,160 | $17.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $47,563 | $22.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,480 | $22.3 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,050
Gross Pay
Real Wage (Purchasing Power)
$38,050
Adjusted for COL (100)
The average annual salary of $38,050 in Evansville aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Evansville is comparable to the national average, suggesting that the nominal salary is adequate for maintaining a standard of living relative to the rest of the country.
Job Market Context
490
Total Jobs
3.635
Per 1K Jobs
1.65
Location Quotient
Evansville, IN has 1.6x 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 1.65 for Tellers in Evansville signifies a notable concentration of this role compared to the national benchmark. This suggests that the job market for Tellers in Evansville is more robust or specialized than the national average, potentially indicating a competitive environment for job seekers or a strong demand from local financial institutions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Owensboro, KY Tellers Salary | $37,840↓ 1% | 28 mi |
| Paducah, KY-IL Tellers Salary | $36,250↓ 5% | 88 mi |
| Bowling Green, KY Tellers Salary | $35,530↓ 7% | 92 mi |
| Elizabethtown, KY Tellers Salary | $36,150↓ 5% | 93 mi |
| Bloomington, IN Tellers Salary | $38,810↑ 2% | 98 mi |
Comparing salaries near Evansville, IN
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Evansville, IN?
The median annual salary for a Tellers in Evansville, IN is $38,050. This typically ranges from $31,550 for entry-level positions to $46,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Evansville, IN is 7.1% lower than the national median of $40,940.
Is Evansville, IN a lucrative place for Tellers?
Yes, it offers average national purchasing power for Tellers.While the nominal salary is slightly below the national average, the cost of living in Evansville is also at the national average, resulting in comparable purchasing power for Tellers.
Is Evansville, IN a good place to live for Tellers?
The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Evansville, IN?
Some top paying nearby cities include Owensboro, KY ($37,840) and Paducah, KY-IL.
How does Evansville's Teller salary compare to the national average?
The average annual salary for Tellers in Evansville is $38,050, which is slightly lower than the national average of $40,940.
What is the concentration of Tellers in Evansville?
Evansville has a Location Quotient of 1.65 for Tellers, indicating a higher concentration of these roles compared to the national average.
How does the cost of living in Evansville affect Teller salaries?
With a Cost of Living Index of 100, Evansville's cost of living is on par with the national average, meaning the $38,050 salary offers average purchasing power.
What does the total local workforce size suggest about Teller jobs in Evansville?
A total local workforce of 490 Tellers suggests a significant presence and ongoing demand for these roles within the Evansville financial sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 490 employees in the Evansville, IN area with a job density of 3.635 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Tellers Salaries by State
Top Jobs in Evansville, IN
- All Occupations Salary in Evansville, IN
- Office and Administrative Support Occupations Salary in Evansville, IN
- Transportation and Material Moving Occupations Salary in Evansville, IN
- Food Preparation and Serving Related Occupations Salary in Evansville, IN
- Sales and Related Occupations Salary in Evansville, IN
- Production Occupations Salary in Evansville, IN
- Healthcare Practitioners and Technical Occupations Salary in Evansville, IN
- Construction and Extraction Occupations Salary in Evansville, IN
- Installation, Maintenance, and Repair Occupations Salary in Evansville, IN
- Educational Instruction and Library Occupations Salary in Evansville, IN
- Browse All Jobs in Evansville, IN →
Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Evansville, IN