Average Tellers Salary in Lafayette, LA
In Lafayette, Louisiana, Tellers earn an average annual salary of $34,700. This figure is notably below the national average of $40,940, reflecting localized economic conditions and demand specific to the Lafayette market. Factors such as the regional economic structure and the concentration of financial institutions play a significant role in shaping compensation for these essential banking roles.
Executive Summary
- Average Salary: $34,700 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $42,790.
- Outlook: The Teller job market in Lafayette, LA, supports a local workforce of 540 professionals. With a Location Quotient of 1.39, indicating a concentration 39% higher than the national average, there is a clear demand for Tellers in the area. This suggests a relatively robust and stable job market for individuals in this profession within Lafayette.
Salary Overview
The average Tellers in Lafayette, LA earns-15.2%below the national average.
$16.7
$667
$2,892
Tellers Salary Trends (2020-2024)
While specific historical data for Lafayette's Teller salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and evolving banking needs typically contribute to modest annual salary increases for most professions, including Tellers, across various regions.
Tellers Salary Distribution in Lafayette, LA
Career progression for Tellers in Lafayette, LA, typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data isn't available, the typical salary range for Tellers can vary significantly based on experience, with junior roles earning less and seasoned professionals commanding higher compensation, reflecting acquired skills and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,020 | $13.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $26,025 | $12.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,050 | $17.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $43,375 | $20.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $42,790 | $20.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,700
Gross Pay
Real Wage (Purchasing Power)
$34,700
Adjusted for COL (100)
The average annual salary of $34,700 for Tellers in Lafayette, LA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by a Teller in Lafayette offers purchasing power equivalent to the national average, suggesting a balanced economic environment for residents.
Job Market Context
540
Total Jobs
3.066
Per 1K Jobs
1.39
Location Quotient
With a location quotient of 1.39, Lafayette, LA has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
Lafayette, LA, exhibits a higher concentration of Teller positions compared to the national average, as evidenced by its Location Quotient of 1.39. This suggests that the demand for Tellers in Lafayette is relatively strong, potentially leading to more job opportunities and a competitive market for skilled professionals in this sector.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Tellers Salary | $37,110↑ 7% | 56 mi |
| Southwest Louisiana nonmetropolitan area Tellers Salary | $31,730↓ 9% | 67 mi |
| Central Louisiana nonmetropolitan area Tellers Salary | $32,440↓ 7% | 67 mi |
| Northeast Louisiana nonmetropolitan area Tellers Salary | $32,760↓ 6% | 67 mi |
| Lake Charles, LA Tellers Salary | $33,800↓ 3% | 70 mi |
Comparing salaries near Lafayette, LA
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Lafayette, LA?
The median annual salary for a Tellers in Lafayette, LA is $34,700. This typically ranges from $28,020 for entry-level positions to $42,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 15.2% lower than the national median of $40,940.
Is Lafayette, LA a lucrative place for Tellers?
No, Lafayette, LA is not considered a lucrative place for Tellers compared to the national average.The average Teller salary in Lafayette ($34,700) is significantly lower than the national average ($40,940). However, the cost of living is also at the national average, making the purchasing power comparable.
Is Lafayette, LA a good place to live for Tellers?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($37,110) and Southwest Louisiana nonmetropolitan area.
How does Lafayette's Teller salary compare to the national average?
The average annual salary for Tellers in Lafayette, LA is $34,700, which is approximately $6,240 less than the national average of $40,940.
What is the concentration of Tellers in Lafayette, LA?
Lafayette, LA has a Location Quotient of 1.39 for Tellers, indicating that the profession is 39% more concentrated than the national average.
How many Tellers are employed in Lafayette, LA?
There are approximately 540 Tellers employed in Lafayette, LA, representing 3.066 jobs per 1,000 workers in the local economy.
Does the cost of living affect the value of a Teller's salary in Lafayette?
No, the cost of living in Lafayette is at the national average (100), meaning the $34,700 salary has the same purchasing power as the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Lafayette, LA area with a job density of 3.066 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 Lafayette, LA