Average Tellers Salary in Fort Wayne, IN
Tellers in Fort Wayne, Indiana, earn an average annual salary of $38,790. This figure is slightly below the national average of $40,940, a common trend in areas with a cost of living that aligns with the national benchmark. Local economic factors and the specific demand within the Fort Wayne financial sector influence this compensation.
Executive Summary
- Average Salary: $38,790 per year.
- Growth Trend: Salaries have shifted 35.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,870.
- Outlook: Fort Wayne, Indiana, supports a dedicated workforce of 670 Tellers. With a Location Quotient of 1.36, the concentration of Tellers in Fort Wayne is notably higher than the national average, suggesting a robust local demand for these financial service professionals relative to other occupations.
Salary Overview
The average Tellers in Fort Wayne, IN earns-5.3%below the national average.
$18.7
$746
$3,233
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Fort Wayne is not provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving teller responsibilities likely contribute to modest annual salary growth in this role.
Tellers Salary Distribution in Fort Wayne, IN
The career path for Tellers in Fort Wayne typically shows a clear salary progression. Entry-level positions often start at the lower end of the pay scale, while experienced Tellers with several years in the field can command salaries significantly higher, potentially reaching the 75th percentile or beyond. These percentile gaps highlight the value placed on accumulated knowledge and customer service expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,170 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,093 | $14 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,440 | $17.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,488 | $23.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,870 | $22.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,790
Gross Pay
Real Wage (Purchasing Power)
$38,790
Adjusted for COL (100)
With an average annual salary of $38,790 and a Cost of Living Index of 100 (matching the national average), Tellers in Fort Wayne experience a salary that directly reflects the typical U.S. cost of living. This means the purchasing power of their income is generally in line with what a Teller might expect in most other parts of the country.
Job Market Context
670
Total Jobs
2.989
Per 1K Jobs
1.36
Location Quotient
With a location quotient of 1.36, Fort Wayne, IN has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
Fort Wayne's Location Quotient of 1.36 indicates a higher concentration of Tellers compared to the national average. This suggests that the job market for Tellers in Fort Wayne is relatively strong and potentially more competitive, with a greater number of these roles available per capita than in many other regions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Lima, OH Tellers Salary | $39,880↑ 3% | 59 mi |
| Elkhart-Goshen, IN Tellers Salary | $40,730↑ 5% | 59 mi |
| Muncie, IN Tellers Salary | $38,790- 0% | 63 mi |
| Kokomo, IN Tellers Salary | $40,220↑ 4% | 67 mi |
| South Bend-Mishawaka, IN-MI Tellers Salary | $39,570↑ 2% | 71 mi |
Comparing salaries near Fort Wayne, IN
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Fort Wayne, IN?
The median annual salary for a Tellers in Fort Wayne, IN is $38,790. This typically ranges from $31,170 for entry-level positions to $45,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Wayne, IN is 5.3% lower than the national median of $40,940.
Is Fort Wayne, IN a lucrative place for Tellers?
No, not exceptionally lucrative compared to the national average.While the average salary of $38,790 is stable within the local cost of living, it falls slightly below the national average. The market shows a higher concentration, indicating demand but not necessarily premium pay.
Is Fort Wayne, IN a good place to live for Tellers?
The Cost of Living Index in Fort Wayne, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Wayne, IN?
Some top paying nearby cities include Lima, OH ($39,880) and Elkhart-Goshen, IN.
How does the Fort Wayne Tellers salary compare to the national average?
The average annual salary for Tellers in Fort Wayne, IN is $38,790, which is approximately 5.25% lower than the national average of $40,940.
What is the concentration of Tellers in Fort Wayne, IN?
Fort Wayne has a Location Quotient of 1.36 for Tellers, meaning the occupation is 36% more concentrated in this area than the national average.
How does the Cost of Living in Fort Wayne affect Tellers' salaries?
Fort Wayne's Cost of Living Index is 100, which is the national average. This suggests that the local salary of $38,790 provides a purchasing power consistent with the national median.
What is the total number of Tellers employed in Fort Wayne, IN?
There are approximately 670 Tellers employed in Fort Wayne, IN, representing 2.989 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 670 employees in the Fort Wayne, IN area with a job density of 2.989 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 Fort Wayne, IN