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Average Tellers Salary in Knoxville, TN

Tellers in Knoxville, TN earn an average annual salary of $37,370, which is slightly below the national average of $40,940. This localized pay rate is influenced by a combination of regional economic factors and the specific demand within the Knoxville market for banking professionals.

Executive Summary

  • Average Salary: $37,370 per year.
  • Growth Trend: Salaries have shifted 32.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,490.
  • Outlook: Knoxville boasts a substantial local workforce of 1,190 Tellers, with a concentration quotient of 1.3 indicating a higher prevalence of this role compared to the national average. This suggests a robust and potentially growing job market for Tellers in the area, reflecting consistent demand for their services within the local financial sector.
2024 Market Data

Salary Overview

$37,370

The average Tellers in Knoxville, TN earns-8.7%below the national average.

BreakdownBased on 40h/week
Hourly

$18

Weekly

$719

Monthly

$3,114

Tellers Salary Distribution in Knoxville, TN

Career progression for Tellers in Knoxville typically involves salary increases with experience. Entry-level positions may start at the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries, reflecting the percentile gaps in earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$30,120$14.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$28,028$13.5
ManagerOversees team, compliance, and project delivery.50% (Median)$36,560$17.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$46,713$22.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,490$22.4

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$37,370

Gross Pay

Real Wage (Purchasing Power)

$37,370

Adjusted for COL (100)

With a Cost of Living Index of 100, Knoxville's cost of living is precisely at the national average. This means the nominal salary of $37,370 for Tellers in Knoxville offers purchasing power that aligns with the national median, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.

Job Market Context

1,190

Total Jobs

2.858

Per 1K Jobs

1.3

Location Quotient

Above Average

With a location quotient of 1.30, Knoxville, TN has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.3 for Tellers in Knoxville signifies that this profession is 30% more concentrated in Knoxville than the national average. This suggests a healthy demand and a potentially competitive market, where employers may actively seek out qualified Tellers, but also where a good supply of talent exists.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Morristown, TN Tellers Salary$35,150↓ 6%40 mi
Cleveland, TN Tellers Salary$35,540↓ 5%75 mi
Asheville, NC Tellers Salary$42,620↑ 14%83 mi
Kingsport-Bristol, TN-VA Tellers Salary$36,560↓ 2%87 mi
Johnson City, TN Tellers Salary$36,400↓ 3%91 mi

Comparing salaries near Knoxville, TN

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Knoxville, TN?

The median annual salary for a Tellers in Knoxville, TN is $37,370. This typically ranges from $30,120 for entry-level positions to $46,490 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Knoxville, TN is 8.7% lower than the national median of $40,940.

Is Knoxville, TN a lucrative place for Tellers?

No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average Teller salary in Knoxville is below the national average. The market is more concentrated, indicating steady demand but not necessarily higher pay.

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

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

Where are the highest paying cities near Knoxville, TN?

Some top paying nearby cities include Morristown, TN ($35,150) and Cleveland, TN.

How does Knoxville's Teller salary compare to the national average?

The average annual salary for Tellers in Knoxville, TN is $37,370, which is approximately $3,570 less than the national average of $40,940.

What is the concentration of Tellers in Knoxville?

Knoxville has a Location Quotient of 1.3 for Tellers, meaning the profession is 30% more concentrated there than the national average, indicating a higher prevalence of these jobs.

How does the cost of living in Knoxville affect Teller salaries?

Knoxville's Cost of Living Index is 100, which is the national average. Therefore, the average Teller salary of $37,370 has purchasing power equivalent to the national median.

What is the total number of Tellers in Knoxville?

There are approximately 1,190 Tellers employed in Knoxville, TN, representing 2.858 jobs per 1,000 workers in the local economy.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,190 employees in the Knoxville, TN area with a job density of 2.858 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 Knoxville, TN