Tellers in Illinois earn an average annual salary of $40,530, which is slightly below the national average of $40,940. This marginal difference is often influenced by regional economic factors and the specific demand for financial services professionals within the state's diverse economic landscape.
Executive Summary
- Average Salary: $40,530 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,000.
- Outlook: With a substantial local workforce of 16,490 Tellers and a Location Quotient of 1.24, Illinois demonstrates a notable concentration of these roles compared to the national average. This indicates a robust and potentially growing job market for Tellers within the state, suggesting consistent demand for their services.
Tellers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Tellers in Illinois have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, evolving banking technologies, and shifts in consumer behavior likely contribute to this upward salary trajectory.
Tellers Salary Distribution in Illinois
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While exact figures vary, the gap between starting salaries and those earned by experienced professionals often signifies significant opportunities for advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,880 | $15.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,398 | $14.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,490 | $18.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,663 | $24.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,000 | $22.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$40,530
Gross Pay
Real Wage (Purchasing Power)
$44,150
Adjusted for COL (91.8)
The average annual salary of $40,530 in Illinois presents a favorable financial situation when considered against the state's Cost of Living Index of 91.8. This index, being below the national average of 100, suggests that the nominal salary offers a relatively strong purchasing power for Tellers residing in Illinois.
Job Market Context
16,490
Total Jobs
2.718
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Illinois has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
Illinois's Location Quotient of 1.24 signifies a higher concentration of Tellers than the national average, indicating a more competitive yet potentially abundant job market. This suggests that while there are ample opportunities, employers may have a wider pool of candidates to choose from, influencing hiring dynamics.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Tellers Salary | $38,680↓ 5% | 9 mi |
| Decatur, IL Tellers Salary | $37,010↓ 9% | 34 mi |
| Champaign-Urbana, IL Tellers Salary | $37,270↓ 8% | 41 mi |
| Peoria, IL Tellers Salary | $37,910↓ 6% | 43 mi |
| Springfield, IL Tellers Salary | $38,210↓ 6% | 53 mi |
Comparing salaries near Illinois
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Illinois?
The median annual salary for a Tellers in Illinois is $40,530. This typically ranges from $31,880 for entry-level positions to $47,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Illinois is 1.0% lower than the national median of $40,940.
Is Illinois a lucrative place for Tellers?
Yes, Illinois offers a favorable financial environment for Tellers.The average salary is competitive, and the cost of living is below the national average, allowing for greater purchasing power.
Is Illinois a good place to live for Tellers?
With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Illinois?
Some top paying nearby cities include Bloomington, IL ($38,680) and Decatur, IL.
How does the number of Tellers in Illinois compare nationally?
Illinois employs 16,490 Tellers, and its Location Quotient of 1.24 indicates a higher concentration of these roles compared to the national average.
What does a Location Quotient of 1.24 mean for Tellers in Illinois?
A Location Quotient of 1.24 means that Tellers are 24% more concentrated in Illinois than the national average, suggesting a strong presence and demand for the profession.
How does the cost of living in Illinois affect a Teller's salary?
With a Cost of Living Index of 91.8, Illinois is more affordable than the national average, meaning the $40,530 salary can provide a higher standard of living.
Are there many Teller jobs available in Illinois?
The state's Location Quotient of 1.24 and a workforce of 16,490 suggest a healthy job market with a significant number of opportunities for Tellers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 16,490 employees in the Illinois area with a job density of 2.718 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 Illinois