SalaryNode

Average Tellers Salary in Fargo, ND-MN

Tellers in Fargo, ND-MN earn an average annual salary of $41,150, slightly surpassing the national average of $40,940. This marginal advantage is influenced by the specific economic drivers and demand within the Fargo metropolitan area, which supports a stable employment landscape for financial service professionals.

Executive Summary

  • Average Salary: $41,150 per year.
  • Growth Trend: Salaries have shifted 16.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $47,980.
  • Outlook: The Fargo, ND-MN market demonstrates a robust demand for Tellers, evidenced by a local workforce of 560 individuals and a Location Quotient of 1.72. This concentration significantly exceeds the national average, indicating a higher prevalence of Teller positions relative to other occupations in the region, suggesting a healthy and active job market.
2024 Market Data

Salary Overview

$41,150

The average Tellers in Fargo, ND-MN earns+0.5%above the national average.

BreakdownBased on 40h/week
Hourly

$19.8

Weekly

$791

Monthly

$3,429

Tellers Salary Distribution in Fargo, ND-MN

Career progression for Tellers in Fargo, ND-MN typically involves salary increases with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command salaries significantly above the average. The percentile gaps in salary distribution highlight these opportunities for advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,940$17.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$30,863$14.8
ManagerOversees team, compliance, and project delivery.50% (Median)$38,790$18.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$51,438$24.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$47,980$23.1

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$41,150

Gross Pay

Real Wage (Purchasing Power)

$41,150

Adjusted for COL (100)

With an average annual salary of $41,150 and a Cost of Living Index of 100, Tellers in Fargo, ND-MN experience purchasing power that aligns precisely with the national average. This means that the nominal salary earned translates directly to the expected cost of goods and services, offering a stable financial environment for residents.

Job Market Context

560

Total Jobs

3.79

Per 1K Jobs

1.72

Location Quotient

Major Hub

Fargo, ND-MN 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.

The Location Quotient of 1.72 for Tellers in Fargo, ND-MN signifies a notably concentrated job market compared to the national average. This suggests that Teller roles are more abundant or in higher demand in Fargo relative to other professions, potentially leading to a more competitive environment for job seekers but also indicating strong employment opportunities.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Grand Forks, ND-MN Tellers Salary$40,030↓ 3%74 mi

Comparing salaries near Fargo, ND-MN

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Fargo, ND-MN?

The median annual salary for a Tellers in Fargo, ND-MN is $41,150. This typically ranges from $35,940 for entry-level positions to $47,980 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fargo, ND-MN is 0.5% higher than the national median of $40,940.

Is Fargo, ND-MN a lucrative place for Tellers?

Yes, Fargo, ND-MN offers a slightly above-average earning potential for Tellers.The average salary of $41,150 slightly exceeds the national average, and with a cost of living at par with the national average, the purchasing power of this salary is favorable.

Is Fargo, ND-MN a good place to live for Tellers?

The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Fargo, ND-MN?

Some top paying nearby cities include Grand Forks, ND-MN ($40,030) and others.

How does the number of Tellers in Fargo compare to the national average?

Fargo has 3.79 Tellers per 1,000 workers, which is significantly higher than the national average, indicating a greater concentration of this role in the local economy.

What is the total number of Tellers employed in Fargo, ND-MN?

There are approximately 560 Tellers employed within the Fargo, ND-MN metropolitan area.

Does Fargo, ND-MN have a high demand for Tellers?

Yes, the Location Quotient of 1.72 strongly suggests a higher-than-average demand for Tellers in Fargo, ND-MN relative to other job roles.

How does the cost of living in Fargo affect Teller salaries?

The cost of living in Fargo is exactly at the national average (100), meaning the $41,150 average salary provides purchasing power equivalent to the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Fargo, ND-MN area with a job density of 3.79 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Fargo, ND-MN