Average Tellers Salary in Hagerstown-Martinsburg, MD-WV
Tellers in the Hagerstown-Martinsburg, MD-WV area earn an average annual salary of $37,370. This figure is slightly below the national average of $40,940, indicating localized economic factors and regional demand influence compensation within this specific metropolitan area. The unique economic landscape of Hagerstown-Martinsburg shapes the earning potential for these essential financial service professionals.
Executive Summary
- Average Salary: $37,370 per year.
- Growth Trend: Salaries have shifted 13.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,500.
- Outlook: The Hagerstown-Martinsburg area supports a local workforce of 290 Tellers, with a jobs-per-1,000-workers ratio of 2.729. The Location Quotient of 1.24 suggests a slightly higher concentration of Teller positions compared to the national average, implying a stable, albeit not rapidly expanding, demand for these roles within the region. This indicates a moderately robust job market for Tellers.
Salary Overview
The average Tellers in Hagerstown-Martinsburg, MD-WV earns-8.7%below the national average.
$18
$719
$3,114
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in the Hagerstown-Martinsburg area have experienced modest growth over the past four years, mirroring broader economic trends and inflation adjustments. This gradual increase is typical for roles that are fundamental to local economies and financial institutions.
Tellers Salary Distribution in Hagerstown-Martinsburg, MD-WV
Career progression for Tellers typically involves a salary increase with accumulated experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive knowledge of banking procedures and customer service can command higher salaries. The percentile gaps in earnings signify clear opportunities for career advancement and increased earning potential within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,200 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,028 | $13.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,530 | $17.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $46,713 | $22.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,500 | $21.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$37,370
Gross Pay
Real Wage (Purchasing Power)
$37,370
Adjusted for COL (100)
The nominal average annual salary of $37,370 in Hagerstown-Martinsburg aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is equivalent to the national average, suggesting that the slightly lower nominal wage is offset by the stable cost of essential goods and services.
Job Market Context
290
Total Jobs
2.729
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Hagerstown-Martinsburg, MD-WV has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.24, the Hagerstown-Martinsburg, MD-WV area exhibits a concentration of Teller jobs that is 24% higher than the national average. This indicates a relatively strong presence of these roles within the local job market, suggesting that while competition may exist, there are ample opportunities for qualified individuals seeking employment as Tellers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Chambersburg, PA Tellers Salary | $39,350↑ 5% | 20 mi |
| Gettysburg, PA Tellers Salary | $38,960↑ 4% | 29 mi |
| Winchester, VA-WV Tellers Salary | $39,330↑ 5% | 40 mi |
| York-Hanover, PA Tellers Salary | $39,920↑ 7% | 57 mi |
| Harrisburg-Carlisle, PA Tellers Salary | $40,790↑ 9% | 62 mi |
Comparing salaries near Hagerstown-Martinsburg, MD-WV
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Hagerstown-Martinsburg, MD-WV?
The median annual salary for a Tellers in Hagerstown-Martinsburg, MD-WV is $37,370. This typically ranges from $31,200 for entry-level positions to $45,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hagerstown-Martinsburg, MD-WV is 8.7% lower than the national median of $40,940.
Is Hagerstown-Martinsburg, MD-WV a lucrative place for Tellers?
No, but it offers stable earning potential.While the average salary of $37,370 is below the national average, the cost of living is also at the national average, providing stable purchasing power. The slightly higher concentration of jobs suggests consistent demand.
Is Hagerstown-Martinsburg, MD-WV a good place to live for Tellers?
The Cost of Living Index in Hagerstown-Martinsburg, MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hagerstown-Martinsburg, MD-WV?
Some top paying nearby cities include Chambersburg, PA ($39,350) and Gettysburg, PA.
How does the Hagerstown-Martinsburg Teller salary compare to the national average?
The average annual salary for Tellers in Hagerstown-Martinsburg is $37,370, which is approximately $3,570 less than the national average of $40,940.
What is the Cost of Living in Hagerstown-Martinsburg, MD-WV?
The Cost of Living Index for Hagerstown-Martinsburg is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
Is there high demand for Tellers in Hagerstown-Martinsburg?
The Location Quotient of 1.24 suggests a slightly higher concentration of Teller jobs in the area compared to the national average, indicating a steady demand for these professionals.
What does a Location Quotient of 1.24 mean for Tellers in Hagerstown-Martinsburg?
A Location Quotient of 1.24 signifies that the Hagerstown-Martinsburg area has 24% more Teller jobs per capita than the national average, suggesting a favorable market for job seekers in this role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Hagerstown-Martinsburg, MD-WV area with a job density of 2.729 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 Hagerstown-Martinsburg, MD-WV