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Average Tellers Salary in Florence, SC

Tellers in Florence, SC earn an average annual salary of $37,840. 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 in Florence are shaped by the local economic landscape and the concentration of financial institutions.

Executive Summary

  • Average Salary: $37,840 per year.
  • Growth Trend: Salaries have shifted 7.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,280.
  • Outlook: With a total local workforce of 220 Tellers and a Location Quotient of 1.09, Florence, SC demonstrates a slightly higher concentration of these roles compared to the national average. This suggests a stable, albeit not rapidly expanding, demand for Tellers within the area, indicating a robust job market that can support the existing workforce.
2024 Market Data

Salary Overview

$37,840

The average Tellers in Florence, SC earns-7.6%below the national average.

BreakdownBased on 40h/week
Hourly

$18.2

Weekly

$728

Monthly

$3,153

Tellers Salary Distribution in Florence, SC

Career progression for Tellers in Florence, SC, typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command higher salaries, reflecting the typical percentile gaps seen in career advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$31,420$15.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$28,380$13.6
ManagerOversees team, compliance, and project delivery.50% (Median)$36,660$17.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$47,300$22.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,280$21.8

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$37,840

Gross Pay

Real Wage (Purchasing Power)

$37,840

Adjusted for COL (100)

The average annual salary of $37,840 in Florence, SC aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against the national average, offering a stable financial standing for residents.

Job Market Context

220

Total Jobs

2.396

Per 1K Jobs

1.09

Location Quotient

Above Average

With a location quotient of 1.09, Florence, SC has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.09 for Tellers in Florence, SC signifies a slightly higher concentration of these jobs than the national average. This indicates that the job market for Tellers in Florence is moderately competitive, with a stable demand that slightly outpaces the national distribution, suggesting good opportunities for qualified individuals.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Sumter, SC Tellers Salary$37,530↓ 1%38 mi
Myrtle Beach-Conway-North Myrtle Beach, SC Tellers Salary$39,720↑ 5%61 mi
Columbia, SC Tellers Salary$40,250↑ 6%64 mi
Northwestern South Carolina nonmetropolitan area Tellers Salary$38,600↑ 2%70 mi
Northeastern South Carolina nonmetropolitan area Tellers Salary$37,450↓ 1%70 mi

Comparing salaries near Florence, SC

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Florence, SC?

The median annual salary for a Tellers in Florence, SC is $37,840. This typically ranges from $31,420 for entry-level positions to $45,280 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Florence, SC is 7.6% lower than the national median of $40,940.

Is Florence, SC a lucrative place for Tellers?

No, but stable.While the average salary of $37,840 is below the national average, the cost of living is also at the national average, making the purchasing power equivalent. The slightly higher concentration of jobs suggests stable demand.

Is Florence, SC a good place to live for Tellers?

The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Florence, SC?

Some top paying nearby cities include Sumter, SC ($37,530) and Myrtle Beach-Conway-North Myrtle Beach, SC.

How does the Florence, SC Teller salary compare to the national average?

The average annual salary for Tellers in Florence, SC is $37,840, which is approximately $3,100 less than the national average of $40,940.

What is the Cost of Living in Florence, SC?

Florence, SC has a Cost of Living Index of 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the United States.

Is there high demand for Tellers in Florence, SC?

With a Location Quotient of 1.09, there is a slightly higher concentration of Teller positions in Florence, SC compared to the national average, indicating a steady demand.

What is the total number of Tellers in Florence, SC?

There are approximately 220 Tellers employed in Florence, SC, representing 2.396 jobs per 1,000 workers in the local economy.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Florence, SC area with a job density of 2.396 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 Florence, SC