Average Tellers Salary in Hartford-West Hartford-East Hartford, CT
Tellers in the Hartford-West Hartford-East Hartford, CT area earn an average annual salary of $45,590, which is notably higher than the national average of $40,940. This elevated compensation is often influenced by the specific economic drivers and industry demands within the region, reflecting a localized premium for essential financial services roles.
Executive Summary
- Average Salary: $45,590 per year.
- Growth Trend: Salaries have shifted 27.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $53,110.
- Outlook: The local job market for Tellers in Hartford-West Hartford-East Hartford, CT, while not exceptionally concentrated with a Location Quotient of 0.73, supports a stable workforce of approximately 950 individuals. The presence of 1.607 jobs per 1,000 workers suggests consistent, albeit moderate, demand for these professionals within the metropolitan area.
Salary Overview
The average Tellers in Hartford-West Hartford-East Hartford, CT earns+11.4%above the national average.
$21.9
$877
$3,799
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in the Hartford-West Hartford-East Hartford, CT area have experienced steady growth over the past four years. This trend is typical for roles that are fundamental to the financial sector, often keeping pace with inflation and evolving economic conditions.
Tellers Salary Distribution in Hartford-West Hartford-East Hartford, CT
Career progression for Tellers typically involves a discernible salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command salaries significantly above the average. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,070 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,193 | $16.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,150 | $22.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,988 | $27.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $53,110 | $25.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$45,590
Gross Pay
Real Wage (Purchasing Power)
$45,590
Adjusted for COL (100)
The average annual salary of $45,590 in Hartford-West Hartford-East Hartford, CT, 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, offering a stable financial environment without the added pressure of higher living expenses.
Job Market Context
950
Total Jobs
1.607
Per 1K Jobs
0.73
Location Quotient
Hartford-West Hartford-East Hartford, CT has 0.73x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.73, the Hartford-West Hartford-East Hartford, CT area exhibits a slightly lower concentration of Teller positions compared to the national average. This suggests that while the job market is active, it may not be saturated, potentially offering a balanced environment for job seekers where demand is present but competition might be less intense than in more concentrated areas.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Tellers Salary | $45,310↓ 1% | 12 mi |
| Waterbury-Shelton, CT Tellers Salary | $45,170↓ 1% | 23 mi |
| Springfield, MA Tellers Salary | $42,980↓ 6% | 25 mi |
| New Haven, CT Tellers Salary | $46,150↑ 1% | 34 mi |
| Norwich-New London-Willimantic, CT Tellers Salary | $42,800↓ 6% | 34 mi |
Comparing salaries near Hartford-West Hartford-East Hartford, CT
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Hartford-West Hartford-East Hartford, CT?
The median annual salary for a Tellers in Hartford-West Hartford-East Hartford, CT is $45,590. This typically ranges from $37,070 for entry-level positions to $53,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hartford-West Hartford-East Hartford, CT is 11.4% higher than the national median of $40,940.
Is Hartford-West Hartford-East Hartford, CT a lucrative place for Tellers?
Yes, it offers a competitive salary.Tellers in this area earn above the national average salary, and with a cost of living at the national average, their earnings provide strong purchasing power.
Is Hartford-West Hartford-East Hartford, CT a good place to live for Tellers?
The Cost of Living Index in Hartford-West Hartford-East Hartford, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hartford-West Hartford-East Hartford, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($45,310) and Waterbury-Shelton, CT.
How does the Hartford Teller salary compare to the national average?
The average annual salary for Tellers in Hartford-West Hartford-East Hartford, CT is $45,590, which is $4,650 higher than the national average of $40,940.
What is the cost of living in Hartford-West Hartford-East Hartford, CT compared to the national average?
The cost of living in Hartford-West Hartford-East Hartford, CT is exactly at the national average, with an index of 100.
How many Tellers work in the Hartford-West Hartford-East Hartford, CT area?
There are approximately 950 Tellers employed within the Hartford-West Hartford-East Hartford, CT metropolitan area.
Is the Teller job market in Hartford-West Hartford-East Hartford, CT highly concentrated?
No, the market is slightly less concentrated than the national average, with a Location Quotient of 0.73, indicating a moderate presence of Teller roles relative to other occupations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 950 employees in the Hartford-West Hartford-East Hartford, CT area with a job density of 1.607 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 Hartford-West Hartford-East Hartford, CT