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Average Tellers Salary in Fort Smith, AR-OK

Tellers in Fort Smith, AR-OK earn an average annual salary of $33,490, which is notably below the national average of $40,940. This disparity is often influenced by regional economic factors, the specific demand for banking services, and the overall cost of labor within the Fort Smith metropolitan area. Local market dynamics play a crucial role in shaping compensation for these essential financial service professionals.

Executive Summary

  • Average Salary: $33,490 per year.
  • Growth Trend: Salaries have shifted 14.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $37,090.
  • Outlook: The Fort Smith, AR-OK market demonstrates a significant concentration of Teller positions, as indicated by a Location Quotient of 1.53, suggesting a demand that is 53% higher than the national average. With a local workforce of 320 Tellers, this concentration points to a robust and potentially growing job market for these professionals within the region.
2024 Market Data

Salary Overview

$33,490

The average Tellers in Fort Smith, AR-OK earns-18.2%below the national average.

BreakdownBased on 40h/week
Hourly

$16.1

Weekly

$644

Monthly

$2,791

Tellers Salary Distribution in Fort Smith, AR-OK

Salary progression for Tellers in Fort Smith, AR-OK, typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command higher salaries, potentially reaching into the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$30,220$14.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$25,118$12.1
ManagerOversees team, compliance, and project delivery.50% (Median)$31,940$15.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$41,863$20.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$37,090$17.8

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$33,490

Gross Pay

Real Wage (Purchasing Power)

$33,490

Adjusted for COL (100)

The average annual salary of $33,490 for Tellers in Fort Smith, AR-OK aligns precisely with the national average cost of living, which stands at an index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is comparable to that of Tellers in other regions across the United States.

Job Market Context

320

Total Jobs

3.365

Per 1K Jobs

1.53

Location Quotient

Major Hub

Fort Smith, AR-OK has 1.5x 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 1.53, Fort Smith, AR-OK exhibits a higher concentration of Teller jobs compared to the national average. This suggests that the job market for Tellers in this area is relatively abundant and potentially more competitive, with a greater number of opportunities available relative to the overall workforce size.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Fayetteville-Springdale-Rogers, AR Tellers Salary$36,120↑ 8%51 mi
Hot Springs, AR Tellers Salary$32,140↓ 4%96 mi

Comparing salaries near Fort Smith, AR-OK

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Fort Smith, AR-OK?

The median annual salary for a Tellers in Fort Smith, AR-OK is $33,490. This typically ranges from $30,220 for entry-level positions to $37,090 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fort Smith, AR-OK is 18.2% lower than the national median of $40,940.

Is Fort Smith, AR-OK a lucrative place for Tellers?

No, not particularly lucrative compared to the national average.While the cost of living is average, the nominal salary of $33,490 is significantly lower than the national average of $40,940, indicating less lucrative earning potential.

Is Fort Smith, AR-OK a good place to live for Tellers?

The Cost of Living Index in Fort Smith, AR-OK is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Fort Smith, AR-OK?

Some top paying nearby cities include Fayetteville-Springdale-Rogers, AR ($36,120) and Hot Springs, AR.

How does the number of Tellers in Fort Smith compare nationally?

Fort Smith has 3.365 Tellers per 1,000 workers, indicating a higher concentration than the national average.

What is the total number of Tellers in Fort Smith?

There are approximately 320 Tellers employed in the Fort Smith, AR-OK area.

Does experience impact a Teller's salary in Fort Smith?

Yes, like most professions, experience significantly influences a Teller's salary, with senior roles commanding higher pay than entry-level positions.

Is the cost of living in Fort Smith high?

No, the cost of living in Fort Smith, AR-OK is exactly at the national average, with an index of 100.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Fort Smith, AR-OK area with a job density of 3.365 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 Fort Smith, AR-OK