Average Tellers Salary in Jackson, MS
Tellers in Jackson, Mississippi, earn an average annual salary of $36,460. This figure is notably below the national average of $40,940, suggesting that local economic factors and demand dynamics play a significant role in compensation within this specific market. The cost of living in Jackson aligns perfectly with the national average, making the salary comparison a crucial point for financial planning.
Executive Summary
- Average Salary: $36,460 per year.
- Growth Trend: Salaries have shifted 17.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,150.
- Outlook: The local job market for Tellers in Jackson, MS, comprises approximately 620 individuals. With a Location Quotient of 1.05, the concentration of Tellers in Jackson is slightly above the national average, indicating a stable, albeit not exceptionally high, demand for these roles within the region's financial sector. The presence of 2.319 Tellers per 1,000 workers further solidifies this moderate level of employment.
Salary Overview
The average Tellers in Jackson, MS earns-10.9%below the national average.
$17.5
$701
$3,038
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Jackson, MS, is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, evolving banking technologies, and shifts in consumer behavior likely contribute to incremental increases in teller compensation, aiming to keep pace with the cost of living and retain qualified personnel.
Tellers Salary Distribution in Jackson, MS
Career progression for Tellers in Jackson, MS, typically involves a salary increase with accumulated experience. Entry-level positions will likely fall at the lower end of the pay scale, while seasoned professionals with extensive knowledge of banking procedures, customer service excellence, and potentially specialized skills can command higher salaries. The percentile gaps between junior and senior roles signify clear opportunities for career 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) | $30,110 | $14.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,345 | $13.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,130 | $17.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,575 | $21.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,150 | $20.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,460
Gross Pay
Real Wage (Purchasing Power)
$36,460
Adjusted for COL (100)
The nominal salary of $36,460 for Tellers in Jackson, MS, is directly comparable to the national average cost of living index of 100. This means that the purchasing power of a Teller's salary in Jackson is essentially on par with the national average. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer similar financial stability relative to expenses in other parts of the country.
Job Market Context
620
Total Jobs
2.319
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Jackson, MS has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.05, Jackson, MS, demonstrates a slightly higher concentration of Tellers compared to the national average. This indicates a moderately competitive market where the demand for Tellers is present and perhaps marginally stronger than in a typical U.S. city. While not a market with an overwhelming surplus of Tellers, the slightly elevated quotient suggests that employers are actively seeking these professionals.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Upper East Mississippi nonmetropolitan area Tellers Salary | $35,260↓ 3% | 43 mi |
| Lower East Mississippi nonmetropolitan area Tellers Salary | $33,680↓ 8% | 43 mi |
| Lower West Mississippi nonmetropolitan area Tellers Salary | $32,670↓ 10% | 43 mi |
| West Delta Mississippi nonmetropolitan area Tellers Salary | $34,010↓ 7% | 43 mi |
| Hattiesburg, MS Tellers Salary | $33,300↓ 9% | 87 mi |
Comparing salaries near Jackson, MS
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Frequently Asked Questions
How much does a Tellers make in Jackson, MS?
The median annual salary for a Tellers in Jackson, MS is $36,460. This typically ranges from $30,110 for entry-level positions to $43,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jackson, MS is 10.9% lower than the national median of $40,940.
Is Jackson, MS a lucrative place for Tellers?
No, but it is stable.While the average salary of $36,460 is below the national average, the cost of living in Jackson is also at the national average, making the compensation relatively stable. The market shows a slightly higher concentration of Tellers, indicating consistent demand.
Is Jackson, MS a good place to live for Tellers?
The Cost of Living Index in Jackson, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jackson, MS?
Some top paying nearby cities include Upper East Mississippi nonmetropolitan area ($35,260) and Lower East Mississippi nonmetropolitan area.
How does Jackson, MS compare to the national average salary for Tellers?
Tellers in Jackson, MS, earn an average of $36,460 annually, which is approximately 11% lower than the national average of $40,940.
What is the significance of the Location Quotient in Jackson, MS?
A Location Quotient of 1.05 suggests that the concentration of Tellers in Jackson is slightly higher than the national average, indicating a stable demand for these roles within the local economy.
Does the cost of living affect the perceived value of a Teller's salary in Jackson, MS?
No, the cost of living in Jackson is exactly at the national average (100), meaning the $36,460 salary has the same purchasing power as it would nationally, despite being lower than the national average salary.
How many Tellers are employed in Jackson, MS?
There are approximately 620 Tellers employed in Jackson, MS, representing 2.319 jobs per 1,000 workers in 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 620 employees in the Jackson, MS area with a job density of 2.319 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 Jackson, MS