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Average Tellers Salary in Jackson, MI

Tellers in Jackson, Michigan, earn an average annual salary of $38,570. This figure is slightly below the national average of $40,940, indicating a localized compensation structure. Factors such as the regional economic landscape and the specific demand for banking services within Jackson contribute to this pay differential.

Executive Summary

  • Average Salary: $38,570 per year.
  • Growth Trend: Salaries have shifted 31.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,250.
  • Outlook: The job market for Tellers in Jackson, MI, appears robust, with a total local workforce of 230 individuals. The Location Quotient of 1.83 significantly exceeds the national average, suggesting a higher concentration of Teller positions relative to the general workforce in this area. This indicates a strong local demand and a potentially stable job environment for Tellers.
2024 Market Data

Salary Overview

$38,570

The average Tellers in Jackson, MI earns-5.8%below the national average.

BreakdownBased on 40h/week
Hourly

$18.5

Weekly

$742

Monthly

$3,214

Tellers Salary Distribution in Jackson, MI

Career progression for Tellers in Jackson, MI, typically involves salary increases with 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 advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,420$17
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$28,928$13.9
ManagerOversees team, compliance, and project delivery.50% (Median)$37,640$18.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$48,213$23.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,250$21.8

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$38,570

Gross Pay

Real Wage (Purchasing Power)

$38,570

Adjusted for COL (100)

The average annual salary of $38,570 in Jackson, MI, 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 Jackson is equivalent to the national average, offering a stable financial standing without the added pressure of a higher cost of living.

Job Market Context

230

Total Jobs

4.035

Per 1K Jobs

1.83

Location Quotient

Major Hub

Jackson, MI has 1.8x the national concentration of Tellers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

With a Location Quotient of 1.83, Jackson, MI, demonstrates a significantly higher concentration of Teller jobs compared to the national average. This suggests that the local market has a greater demand for Tellers relative to other professions, potentially leading to more job opportunities and a more competitive environment for employers seeking qualified candidates.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Lansing-East Lansing, MI Tellers Salary$38,900↑ 1%34 mi
Ann Arbor, MI Tellers Salary$41,490↑ 8%34 mi
Battle Creek, MI Tellers Salary$36,540↓ 5%42 mi
Monroe, MI Tellers Salary$40,230↑ 4%57 mi
Toledo, OH Tellers Salary$42,770↑ 11%58 mi

Comparing salaries near Jackson, MI

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Jackson, MI?

The median annual salary for a Tellers in Jackson, MI is $38,570. This typically ranges from $35,420 for entry-level positions to $45,250 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Jackson, MI is 5.8% lower than the national median of $40,940.

Is Jackson, MI a lucrative place for Tellers?

No, not significantly more lucrative than the national average.While the cost of living is average, the nominal salary for Tellers in Jackson, MI, is slightly below the national average. The strong concentration of jobs suggests demand, but not necessarily higher pay.

Is Jackson, MI a good place to live for Tellers?

The Cost of Living Index in Jackson, MI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Jackson, MI?

Some top paying nearby cities include Lansing-East Lansing, MI ($38,900) and Ann Arbor, MI.

How does the Jackson, MI Teller salary compare to the national average?

The average annual salary for Tellers in Jackson, MI, is $38,570, which is approximately $2,370 less than the national average of $40,940.

What does the Location Quotient of 1.83 mean for Tellers in Jackson, MI?

A Location Quotient of 1.83 indicates that Tellers are more concentrated in Jackson, MI, than the national average. This suggests a higher relative demand for these roles within the local job market.

How does the Cost of Living in Jackson, MI affect Teller salaries?

The Cost of Living Index in Jackson, MI, is 100, matching the national average. This means the $38,570 salary has average purchasing power locally, neither significantly boosted nor diminished by living expenses.

What is the total number of Tellers employed in Jackson, MI?

There are approximately 230 Tellers employed in Jackson, MI, contributing to the local financial services sector.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Jackson, MI area with a job density of 4.035 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Jackson, MI