Average Tellers Salary in Hickory-Lenoir-Morganton, NC
In Hickory-Lenoir-Morganton, NC, Tellers earn an average annual salary of $42,650, which is slightly above the national average of $40,940. This localized pay reflects the specific economic conditions and demand within the region, differentiating it from national trends. Understanding these local factors is key to grasping the compensation landscape for this role.
Executive Summary
- Average Salary: $42,650 per year.
- Growth Trend: Salaries have shifted 32.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,750.
- Outlook: The local job market for Tellers in Hickory-Lenoir-Morganton, NC, shows a moderate level of concentration, with a Location Quotient of 0.57. While the total local workforce of 200 suggests a smaller, more specialized pool of professionals, the jobs per 1,000 workers at 1.263 indicates a steady, albeit not booming, demand for these services within the community.
Salary Overview
The average Tellers in Hickory-Lenoir-Morganton, NC earns+4.2%above the national average.
$20.5
$820
$3,554
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Hickory-Lenoir-Morganton, NC, is not provided, it's reasonable to assume that salaries for this role have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles tied to the financial sector, as institutions adapt to market dynamics and evolving service demands.
Tellers Salary Distribution in Hickory-Lenoir-Morganton, NC
Salary progression for Tellers in Hickory-Lenoir-Morganton, NC, typically correlates with experience and skill development. Entry-level positions will likely command salaries at the lower end of the spectrum, while seasoned professionals with extensive knowledge of financial products and customer service excellence can expect to earn significantly more. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,400 | $17 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,988 | $15.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,650 | $19.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,313 | $25.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $58,750 | $28.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$42,650
Gross Pay
Real Wage (Purchasing Power)
$42,650
Adjusted for COL (100)
The average annual salary of $42,650 for Tellers in Hickory-Lenoir-Morganton, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in this area is equivalent to the national standard, suggesting that the nominal wage accurately reflects the local economic environment without significant inflation or deflationary pressures.
Job Market Context
200
Total Jobs
1.263
Per 1K Jobs
0.57
Location Quotient
Hickory-Lenoir-Morganton, NC has 0.57x 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 0.57, the market for Tellers in Hickory-Lenoir-Morganton, NC, is less concentrated than the national average. This suggests that while Tellers are present and employed, the role may not be as dominant a feature of the local financial employment landscape compared to other regions. It implies a potentially less saturated market, which could offer unique opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC Tellers Salary | $44,080↑ 3% | 45 mi |
| Spartanburg, SC Tellers Salary | $40,770↓ 4% | 65 mi |
| Winston-Salem, NC Tellers Salary | $42,710↑ 0% | 65 mi |
| Asheville, NC Tellers Salary | $42,620↓ 0% | 70 mi |
| Johnson City, TN Tellers Salary | $36,400↓ 15% | 72 mi |
Comparing salaries near Hickory-Lenoir-Morganton, NC
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Hickory-Lenoir-Morganton, NC?
The median annual salary for a Tellers in Hickory-Lenoir-Morganton, NC is $42,650. This typically ranges from $35,400 for entry-level positions to $58,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hickory-Lenoir-Morganton, NC is 4.2% higher than the national median of $40,940.
Is Hickory-Lenoir-Morganton, NC a lucrative place for Tellers?
Moderately so, with earnings slightly above the national average and a cost of living that matches.Tellers in Hickory-Lenoir-Morganton, NC, earn an average of $42,650, exceeding the national average. Coupled with a cost of living index of 100, this salary offers standard purchasing power within the region.
Is Hickory-Lenoir-Morganton, NC a good place to live for Tellers?
The Cost of Living Index in Hickory-Lenoir-Morganton, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hickory-Lenoir-Morganton, NC?
Some top paying nearby cities include Charlotte-Concord-Gastonia, NC-SC ($44,080) and Spartanburg, SC.
How does the local Teller salary compare to the national average?
The average annual salary for Tellers in Hickory-Lenoir-Morganton, NC, is $42,650, which is approximately $1,710 higher than the national average of $40,940.
What is the concentration of Tellers in Hickory-Lenoir-Morganton, NC?
The concentration of Tellers in Hickory-Lenoir-Morganton, NC, is indicated by a Location Quotient of 0.57, meaning the presence of Tellers is about 43% lower than the national average relative to the overall workforce.
How does the cost of living affect the Teller salary in Hickory-Lenoir-Morganton, NC?
The Cost of Living Index in Hickory-Lenoir-Morganton, NC, is 100, which is the national average. This means the $42,650 salary has purchasing power equivalent to the national average, without being significantly eroded or boosted by local living expenses.
What is the total number of Tellers in Hickory-Lenoir-Morganton, NC?
There are approximately 200 Tellers employed within the Hickory-Lenoir-Morganton, NC, area, representing a specific segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Hickory-Lenoir-Morganton, NC area with a job density of 1.263 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 Hickory-Lenoir-Morganton, NC