Average Tellers Salary in Janesville-Beloit, WI
In Janesville-Beloit, WI, Tellers earn an average annual salary of $39,510. This figure is slightly below the national average of $40,940, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the area. The cost of living in Janesville-Beloit aligns precisely with the national average, suggesting that the salary offers a comparable purchasing power to other regions.
Executive Summary
- Average Salary: $39,510 per year.
- Growth Trend: Salaries have shifted 25.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,540.
- Outlook: The Janesville-Beloit area supports a dedicated workforce of 230 Tellers, with a location quotient of 1.52. This concentration significantly exceeds the national average, signaling a robust local demand for these financial professionals. With 3.336 jobs per 1,000 workers, the market demonstrates a healthy presence and potential for consistent employment opportunities within this sector.
Salary Overview
The average Tellers in Janesville-Beloit, WI earns-3.5%below the national average.
$19
$760
$3,293
Tellers Salary Trends (2020-2024)
While specific historical data for Janesville-Beloit Tellers is not provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national patterns. Economic shifts, inflation, and evolving banking technologies likely contribute to gradual wage increases, ensuring that Teller compensation remains competitive within the evolving financial landscape.
Tellers Salary Distribution in Janesville-Beloit, WI
The salary progression for Tellers in Janesville-Beloit typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings highlight clear career advancement opportunities, rewarding dedication and expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,210 | $16.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,633 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,030 | $18.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,388 | $23.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,540 | $21.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$39,510
Gross Pay
Real Wage (Purchasing Power)
$39,510
Adjusted for COL (100)
With an average annual salary of $39,510 and a cost of living index of 100, Tellers in Janesville-Beloit, WI, experience a financial standing that is directly in line with the national average. This means that the purchasing power of their income is neither significantly enhanced nor diminished by the local economic environment, offering a stable financial foundation.
Job Market Context
230
Total Jobs
3.336
Per 1K Jobs
1.52
Location Quotient
Janesville-Beloit, WI has 1.5x 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.
The location quotient of 1.52 for Tellers in Janesville-Beloit strongly suggests a market where this profession is more concentrated than the national average. This indicates a higher relative demand or a larger pool of available talent compared to other regions, potentially leading to more specialized roles or a competitive job market for new entrants.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Rockford, IL Tellers Salary | $40,600↑ 3% | 30 mi |
| Madison, WI Tellers Salary | $41,570↑ 5% | 33 mi |
| Kenosha, WI Tellers Salary | $39,940↑ 1% | 58 mi |
| Milwaukee-Waukesha, WI Tellers Salary | $41,980↑ 6% | 59 mi |
| Racine-Mount Pleasant, WI Tellers Salary | $40,480↑ 2% | 61 mi |
Comparing salaries near Janesville-Beloit, WI
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Janesville-Beloit, WI?
The median annual salary for a Tellers in Janesville-Beloit, WI is $39,510. This typically ranges from $34,210 for entry-level positions to $45,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Janesville-Beloit, WI is 3.5% lower than the national median of $40,940.
Is Janesville-Beloit, WI a lucrative place for Tellers?
No, not significantly more lucrative than the national average.While the cost of living is at the national average, the average salary for Tellers is slightly below the national average. The strong location quotient indicates concentration, but not necessarily higher pay.
Is Janesville-Beloit, WI a good place to live for Tellers?
The Cost of Living Index in Janesville-Beloit, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Janesville-Beloit, WI?
Some top paying nearby cities include Rockford, IL ($40,600) and Madison, WI.
How does the Janesville-Beloit Teller salary compare to the national average?
Tellers in Janesville-Beloit, WI, earn an average of $39,510 annually, which is slightly lower than the national average of $40,940.
What is the cost of living in Janesville-Beloit, WI for Tellers?
The cost of living in Janesville-Beloit is exactly at the national average, indexed at 100, meaning expenses are comparable to the typical U.S. city.
What does a Location Quotient of 1.52 mean for Tellers in Janesville-Beloit?
A location quotient of 1.52 signifies that Tellers are 52% more concentrated in Janesville-Beloit than the national average, suggesting a higher demand or presence of these roles locally.
How many Teller jobs are there per 1,000 workers in Janesville-Beloit?
There are approximately 3.336 Teller jobs per 1,000 workers in the Janesville-Beloit area, indicating a notable presence of this occupation within 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 230 employees in the Janesville-Beloit, WI area with a job density of 3.336 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 Janesville-Beloit, WI