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Average Tellers Salary in Kalamazoo-Portage, MI

Tellers in Kalamazoo-Portage, MI, earn an average annual salary of $37,900. This figure is slightly below the national average of $40,940, a common occurrence in regional markets where local economic factors and demand dynamics influence compensation. The specific pay rates in Kalamazoo-Portage are shaped by the unique economic landscape and the concentration of financial institutions within the area.

Executive Summary

  • Average Salary: $37,900 per year.
  • Growth Trend: Salaries have shifted 18.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,480.
  • Outlook: The Kalamazoo-Portage area supports a local workforce of 330 Tellers, indicating a stable presence in the financial sector. With a Location Quotient of 1.23, Tellers are more concentrated here than the national average, suggesting a potentially robust demand or a specialized market for these roles within the region.
2024 Market Data

Salary Overview

$37,900

The average Tellers in Kalamazoo-Portage, MI earns-7.4%below the national average.

BreakdownBased on 40h/week
Hourly

$18.2

Weekly

$729

Monthly

$3,158

Tellers Salary Distribution in Kalamazoo-Portage, MI

Salary progression for Tellers in Kalamazoo-Portage typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive knowledge of financial products and customer service can command higher salaries. The percentile gaps in earnings signify clear career progression opportunities as Tellers advance in their careers.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$31,860$15.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$28,425$13.7
ManagerOversees team, compliance, and project delivery.50% (Median)$36,870$17.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$47,375$22.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,480$22.3

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$37,900

Gross Pay

Real Wage (Purchasing Power)

$37,900

Adjusted for COL (100)

The average annual salary of $37,900 for Tellers in Kalamazoo-Portage aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is comparable to the national standard, offering a balanced lifestyle without significant financial strain related to everyday expenses.

Job Market Context

330

Total Jobs

2.714

Per 1K Jobs

1.23

Location Quotient

Above Average

With a location quotient of 1.23, Kalamazoo-Portage, MI has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

A Location Quotient of 1.23 signifies that Tellers are more prevalent in the Kalamazoo-Portage, MI labor market than the national average. This suggests a healthy demand for these roles, potentially offering more job opportunities and a competitive environment for both employers and job seekers within the local financial industry.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Battle Creek, MI Tellers Salary$36,540↓ 4%18 mi
Elkhart-Goshen, IN Tellers Salary$40,730↑ 7%45 mi
Niles, MI Tellers Salary$38,570↑ 2%45 mi
Grand Rapids-Wyoming-Kentwood, MI Tellers Salary$39,470↑ 4%48 mi
South Bend-Mishawaka, IN-MI Tellers Salary$39,570↑ 4%54 mi

Comparing salaries near Kalamazoo-Portage, MI

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Kalamazoo-Portage, MI?

The median annual salary for a Tellers in Kalamazoo-Portage, MI is $37,900. This typically ranges from $31,860 for entry-level positions to $46,480 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Kalamazoo-Portage, MI is 7.4% lower than the national median of $40,940.

Is Kalamazoo-Portage, MI a lucrative place for Tellers?

Yes, it offers competitive compensation relative to the cost of living.While the average salary of $37,900 is slightly below the national average, the Cost of Living Index of 100 means your earnings hold steady purchasing power. The Location Quotient of 1.23 also indicates a strong local market for Tellers.

Is Kalamazoo-Portage, MI a good place to live for Tellers?

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

Where are the highest paying cities near Kalamazoo-Portage, MI?

Some top paying nearby cities include Battle Creek, MI ($36,540) and Elkhart-Goshen, IN.

How does the Kalamazoo-Portage Teller salary compare to the national average?

The average annual salary for Tellers in Kalamazoo-Portage, MI is $37,900, which is approximately $3,040 less than the national average of $40,940.

What is the Cost of Living in Kalamazoo-Portage, MI for Tellers?

The Cost of Living Index in Kalamazoo-Portage, MI is 100, which is exactly the national average. This means that the cost of goods and services is comparable to the rest of the country.

How concentrated are Tellers jobs in Kalamazoo-Portage, MI?

With a Location Quotient of 1.23, Tellers are 23% more concentrated in Kalamazoo-Portage, MI than the national average, suggesting a potentially higher demand or a specialized market for these roles.

What is the total number of Tellers in Kalamazoo-Portage, MI?

There are approximately 330 Tellers employed in the Kalamazoo-Portage, MI metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Kalamazoo-Portage, MI area with a job density of 2.714 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 Kalamazoo-Portage, MI