Average Tellers Salary in Florence-Muscle Shoals, AL
Tellers in Florence-Muscle Shoals, AL earn an average annual salary of $35,350. This figure is notably below the national average of $40,940, suggesting that local economic factors and demand within the Florence-Muscle Shoals area influence compensation levels for this role. The specific economic landscape and the concentration of financial institutions in this region play a significant role in shaping teller remuneration.
Executive Summary
- Average Salary: $35,350 per year.
- Growth Trend: Salaries have shifted 16.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,070.
- Outlook: The Florence-Muscle Shoals area demonstrates a robust job market for Tellers, with a total local workforce of 270 individuals in this profession. The Location Quotient of 2.24 indicates a significantly higher concentration of Tellers compared to the national average, suggesting strong local demand and a specialized employment sector for these roles within the region.
Salary Overview
The average Tellers in Florence-Muscle Shoals, AL earns-13.7%below the national average.
$17
$680
$2,946
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Florence-Muscle Shoals is not provided, it is generally assumed that salaries for this role have experienced steady growth over the past four years, mirroring broader economic trends and inflation adjustments. This upward trajectory is typical as the cost of living and the demand for financial services evolve.
Tellers Salary Distribution in Florence-Muscle Shoals, AL
Career progression for Tellers in Florence-Muscle Shoals typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command higher salaries. The variance in pay across different experience levels signifies clear opportunities for career advancement 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) | $26,513 | $12.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,560 | $17.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $44,188 | $21.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,070 | $20.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$35,350
Gross Pay
Real Wage (Purchasing Power)
$35,350
Adjusted for COL (100)
The nominal average annual salary of $35,350 for Tellers in Florence-Muscle Shoals, AL, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a teller's salary in this area is comparable to the national average, indicating that the lower nominal wage is balanced by the local cost of living.
Job Market Context
270
Total Jobs
4.923
Per 1K Jobs
2.24
Location Quotient
Florence-Muscle Shoals, AL has 2.2x 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.
With a Location Quotient of 2.24, Florence-Muscle Shoals exhibits a job market for Tellers that is more than twice as concentrated as the national average. This high concentration suggests a competitive environment where demand for skilled tellers is significant, potentially leading to more job openings but also a larger pool of candidates vying for those positions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Decatur, AL Tellers Salary | $36,830↑ 4% | 42 mi |
| Huntsville, AL Tellers Salary | $38,750↑ 10% | 59 mi |
| East Tennessee nonmetropolitan area Tellers Salary | $34,400↓ 3% | 84 mi |
| South Central Tennessee nonmetropolitan area Tellers Salary | $34,710↓ 2% | 84 mi |
| West Tennessee nonmetropolitan area Tellers Salary | $34,090↓ 4% | 84 mi |
Comparing salaries near Florence-Muscle Shoals, AL
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Frequently Asked Questions
How much does a Tellers make in Florence-Muscle Shoals, AL?
The median annual salary for a Tellers in Florence-Muscle Shoals, AL is $35,350. This typically ranges from $29,270 for entry-level positions to $43,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence-Muscle Shoals, AL is 13.7% lower than the national median of $40,940.
Is Florence-Muscle Shoals, AL a lucrative place for Tellers?
No, not exceptionally lucrative compared to national averages.While the cost of living is average, the nominal salary for Tellers is below the national average. The high concentration of Tellers indicates strong local demand, but this does not translate to higher-than-average pay in this specific role.
Is Florence-Muscle Shoals, AL a good place to live for Tellers?
The Cost of Living Index in Florence-Muscle Shoals, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence-Muscle Shoals, AL?
Some top paying nearby cities include Decatur, AL ($36,830) and Huntsville, AL.
How does the Florence-Muscle Shoals teller salary compare to the national average?
The average annual salary for Tellers in Florence-Muscle Shoals, AL is $35,350, which is lower than the national average of $40,940.
What does the Location Quotient of 2.24 mean for Tellers in Florence-Muscle Shoals?
A Location Quotient of 2.24 signifies that Tellers are more than twice as concentrated in Florence-Muscle Shoals compared to the national average, indicating a higher prevalence and demand for this profession in the area.
How does the cost of living in Florence-Muscle Shoals affect a Teller's salary?
The Cost of Living Index in Florence-Muscle Shoals is 100, which is the national average. This means the lower nominal salary of $35,350 for Tellers has purchasing power equivalent to the national average.
Are there many Teller jobs in Florence-Muscle Shoals relative to the workforce?
Yes, there are 4.923 Tellers per 1,000 workers in Florence-Muscle Shoals, which is significantly higher than the national average, reflecting a strong local presence of this occupation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Florence-Muscle Shoals, AL area with a job density of 4.923 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 Florence-Muscle Shoals, AL