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Average Tellers Salary in Jackson, TN

Tellers in Jackson, TN earn an average annual salary of $36,830. 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 Tennessee market. The cost of living in Jackson, TN, being at the national average, means this salary offers standard purchasing power.

Executive Summary

  • Average Salary: $36,830 per year.
  • Growth Trend: Salaries have shifted 24.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,250.
  • Outlook: The Teller job market in Jackson, TN, shows a moderate level of concentration, with a Location Quotient of 1.35 indicating a slightly higher presence of Tellers compared to the national average. With a total local workforce of 250 Tellers and 2.962 jobs per 1,000 workers, the demand appears stable, suggesting a consistent need for these financial service professionals within the community.
2024 Market Data

Salary Overview

$36,830

The average Tellers in Jackson, TN earns-10.0%below the national average.

BreakdownBased on 40h/week
Hourly

$17.7

Weekly

$708

Monthly

$3,069

Tellers Salary Distribution in Jackson, TN

As Tellers gain experience, their earning potential typically increases. Entry-level positions may start at the lower end of the salary spectrum, while seasoned professionals with specialized skills or supervisory responsibilities can command higher salaries. The progression from junior to senior Teller roles is often marked by significant percentile gaps in earnings, reflecting acquired expertise and increased responsibilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$29,660$14.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$27,623$13.3
ManagerOversees team, compliance, and project delivery.50% (Median)$36,180$17.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$46,038$22.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,250$21.8

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$36,830

Gross Pay

Real Wage (Purchasing Power)

$36,830

Adjusted for COL (100)

The average annual salary of $36,830 in Jackson, TN, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Jackson is equivalent to the national average, offering a balanced lifestyle without significant financial strain or advantage relative to other areas.

Job Market Context

250

Total Jobs

2.962

Per 1K Jobs

1.35

Location Quotient

Above Average

With a location quotient of 1.35, Jackson, TN has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

With a Location Quotient of 1.35, Jackson, TN, presents a market where Tellers are slightly more concentrated than the national average. This suggests a healthy, albeit not overwhelmingly saturated, job market for these professionals, indicating a stable demand that aligns with the presence of financial institutions in the area.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Memphis, TN-MS-AR Tellers Salary$39,390↑ 7%74 mi
Florence-Muscle Shoals, AL Tellers Salary$35,350↓ 4%87 mi
Paducah, KY-IL Tellers Salary$36,250↓ 2%99 mi

Comparing salaries near Jackson, TN

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Jackson, TN?

The median annual salary for a Tellers in Jackson, TN is $36,830. This typically ranges from $29,660 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, TN is 10.0% lower than the national median of $40,940.

Is Jackson, TN a lucrative place for Tellers?

No, not particularly lucrative compared to the national average.While the cost of living is average, the average Teller salary of $36,830 is below the national average of $40,940, indicating less lucrative compensation in this specific role.

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

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

Where are the highest paying cities near Jackson, TN?

Some top paying nearby cities include Memphis, TN-MS-AR ($39,390) and Florence-Muscle Shoals, AL.

How does Jackson, TN's Teller salary compare to the national average?

The average Teller salary in Jackson, TN, is $36,830, which is lower than the national average of $40,940.

What is the concentration of Tellers in Jackson, TN?

Jackson, TN has a Location Quotient of 1.35 for Tellers, meaning they are 35% more concentrated than the national average.

How does the cost of living affect Teller salaries in Jackson, TN?

The cost of living in Jackson, TN, is at the national average (100), so the nominal salary of $36,830 offers standard purchasing power equivalent to the national average.

What is the total number of Tellers in Jackson, TN?

There are approximately 250 Tellers employed in Jackson, TN.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Jackson, TN area with a job density of 2.962 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, TN