Average Tellers Salary in Fayetteville-Springdale-Rogers, AR
In Fayetteville-Springdale-Rogers, AR, Tellers earn an average annual salary of $36,120. This figure is notably below the national average of $40,940, suggesting that local market dynamics and potentially a different economic landscape influence compensation for this role within the region. The specific economic conditions and demand for banking services in this Arkansas metropolitan area play a crucial role in shaping these salary levels.
Executive Summary
- Average Salary: $36,120 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,210.
- Outlook: The Fayetteville-Springdale-Rogers, AR area supports a local workforce of 750 Tellers, with a jobs-per-1,000-workers ratio of 2.812. The Location Quotient of 1.28 indicates a higher concentration of Teller positions compared to the national average, suggesting a moderately robust demand for these professionals within the region's financial sector. This concentration implies that the job market for Tellers in this area is somewhat more developed than in many other parts of the country.
Salary Overview
The average Tellers in Fayetteville-Springdale-Rogers, AR earns-11.8%below the national average.
$17.4
$695
$3,010
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in Fayetteville-Springdale-Rogers, AR, like in most markets, have seen incremental growth over the past four years. This growth is typically driven by inflation, increased demand for financial services, and the need for financial institutions to retain skilled staff in a competitive environment. Such trends would likely reflect a gradual upward adjustment in compensation to keep pace with economic changes and labor market demands.
Tellers Salary Distribution in Fayetteville-Springdale-Rogers, AR
The salary trajectory for Tellers in Fayetteville-Springdale-Rogers, AR, typically escalates with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with several years of experience and advanced skills can command significantly higher salaries. The percentile gaps in earnings, from the 25th to the 75th percentile and beyond, signify clear opportunities for career progression and increased earning potential as Tellers develop their expertise and take on more responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,480 | $14.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,090 | $13 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,670 | $17.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,150 | $21.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,210 | $21.3 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,120
Gross Pay
Real Wage (Purchasing Power)
$36,120
Adjusted for COL (100)
The nominal average annual salary for Tellers in Fayetteville-Springdale-Rogers, AR, stands at $36,120. With a Cost of Living Index of 100, which is precisely the national average, this salary offers purchasing power that aligns with the typical American standard. Therefore, the $36,120 salary in this region provides a comparable lifestyle to what the national average salary would afford elsewhere, without the added financial strain of a higher cost of living.
Job Market Context
750
Total Jobs
2.812
Per 1K Jobs
1.28
Location Quotient
With a location quotient of 1.28, Fayetteville-Springdale-Rogers, AR has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
The Location Quotient of 1.28 for Tellers in Fayetteville-Springdale-Rogers, AR, signifies that the concentration of these jobs is 28% higher than the national average. This suggests a relatively strong presence and demand for Tellers within the local job market compared to other occupations. While not indicating an extreme shortage, this elevated quotient points to a market where Teller roles are more prevalent and potentially more accessible than in a national average setting.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Fort Smith, AR-OK Tellers Salary | $33,490↓ 7% | 51 mi |
| Joplin, MO-KS Tellers Salary | $34,510↓ 4% | 72 mi |
| Springfield, MO Tellers Salary | $36,130↑ 0% | 91 mi |
| Tulsa, OK Tellers Salary | $37,680↑ 4% | 97 mi |
Comparing salaries near Fayetteville-Springdale-Rogers, AR
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Fayetteville-Springdale-Rogers, AR?
The median annual salary for a Tellers in Fayetteville-Springdale-Rogers, AR is $36,120. This typically ranges from $30,480 for entry-level positions to $44,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fayetteville-Springdale-Rogers, AR is 11.8% lower than the national median of $40,940.
Is Fayetteville-Springdale-Rogers, AR a lucrative place for Tellers?
No, not significantly more lucrative than the national average.While the concentration of Teller jobs is higher than the national average (LQ of 1.28), the average salary of $36,120 is below the national average of $40,940, and the cost of living is exactly at the national average.
Is Fayetteville-Springdale-Rogers, AR a good place to live for Tellers?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fayetteville-Springdale-Rogers, AR?
Some top paying nearby cities include Fort Smith, AR-OK ($33,490) and Joplin, MO-KS.
How does the Teller salary in Fayetteville compare to the national average?
The average Teller salary in Fayetteville-Springdale-Rogers, AR is $36,120, which is lower than the national average of $40,940.
What is the Cost of Living in Fayetteville-Springdale-Rogers, AR?
The Cost of Living Index for Fayetteville-Springdale-Rogers, AR is 100, which is exactly the national average.
How concentrated are Teller jobs in Fayetteville-Springdale-Rogers, AR?
Teller jobs are more concentrated in Fayetteville-Springdale-Rogers, AR than the national average, with a Location Quotient of 1.28.
What is the total number of Tellers in Fayetteville-Springdale-Rogers, AR?
There are approximately 750 Tellers employed in the Fayetteville-Springdale-Rogers, AR metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 750 employees in the Fayetteville-Springdale-Rogers, AR area with a job density of 2.812 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 Fayetteville-Springdale-Rogers, AR