Average Tellers Salary in Lafayette-West Lafayette, IN
Tellers in Lafayette-West Lafayette, IN earn an average annual salary of $38,270. This figure is slightly below the national average of $40,940, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the Lafayette-West Lafayette area.
Executive Summary
- Average Salary: $38,270 per year.
- Growth Trend: Salaries have shifted 26.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,700.
- Outlook: The Lafayette-West Lafayette job market for Tellers shows a moderate level of concentration, with a Location Quotient of 1.16, indicating a slightly higher presence of these roles compared to the national average. With a total local workforce of 260 Tellers, the demand appears stable, suggesting a consistent need for these financial service professionals within the community.
Salary Overview
The average Tellers in Lafayette-West Lafayette, IN earns-6.5%below the national average.
$18.4
$736
$3,189
Tellers Salary Trends (2020-2024)
While specific historical data for Lafayette-West Lafayette Tellers is not provided, it is generally assumed that salaries for this role have experienced modest growth over the past four years, mirroring broader economic trends and inflation adjustments. This gradual increase is typical for established positions within the financial services sector.
Tellers Salary Distribution in Lafayette-West Lafayette, IN
Career progression for Tellers in Lafayette-West Lafayette 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 higher salaries, often reflected in the upper percentiles of the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,690 | $16.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,703 | $13.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,700 | $17.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $47,838 | $23 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,700 | $22 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,270
Gross Pay
Real Wage (Purchasing Power)
$38,270
Adjusted for COL (100)
The average annual salary of $38,270 in Lafayette-West Lafayette, IN, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this area is comparable to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
260
Total Jobs
2.554
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Lafayette-West Lafayette, IN has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.16, Lafayette-West Lafayette exhibits a slightly higher concentration of Teller positions than the national average. This suggests that the job market for Tellers in this region is moderately robust, with a demand that slightly outpaces the general national distribution, potentially offering a competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Kokomo, IN Tellers Salary | $40,220↑ 5% | 39 mi |
| Northern Indiana nonmetropolitan area Tellers Salary | $36,890↓ 4% | 50 mi |
| Southern Indiana nonmetropolitan area Tellers Salary | $38,240↓ 0% | 50 mi |
| Central Indiana nonmetropolitan area Tellers Salary | $37,570↓ 2% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Tellers Salary | $41,490↑ 8% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Lafayette-West Lafayette, IN?
The median annual salary for a Tellers in Lafayette-West Lafayette, IN is $38,270. This typically ranges from $33,690 for entry-level positions to $45,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 6.5% lower than the national median of $40,940.
Is Lafayette-West Lafayette, IN a lucrative place for Tellers?
No, not exceptionally lucrative, but stable.While the average salary of $38,270 is slightly below the national average, the Cost of Living Index of 100 indicates that your purchasing power is on par with the national average. The market shows a slight concentration of these roles, suggesting steady, rather than exceptionally high, earning potential.
Is Lafayette-West Lafayette, IN a good place to live for Tellers?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($40,220) and Northern Indiana nonmetropolitan area.
How does the Lafayette-West Lafayette Teller salary compare to the national average?
The average annual salary for Tellers in Lafayette-West Lafayette, IN is $38,270, which is slightly lower than the national average of $40,940.
What is the concentration of Tellers in Lafayette-West Lafayette, IN?
The Location Quotient for Tellers in Lafayette-West Lafayette, IN is 1.16, indicating a slightly higher concentration of these jobs compared to the national average.
How does the cost of living affect a Teller's salary in Lafayette-West Lafayette, IN?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100, which is the national average. This means the $38,270 salary has a purchasing power equivalent to the national average.
What is the total number of Tellers in Lafayette-West Lafayette, IN?
There are approximately 260 Tellers employed in the Lafayette-West Lafayette, IN area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Lafayette-West Lafayette, IN area with a job density of 2.554 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Tellers Salaries by State
Top Jobs in Lafayette-West Lafayette, IN
- All Occupations Salary in Lafayette-West Lafayette, IN
- Production Occupations Salary in Lafayette-West Lafayette, IN
- Office and Administrative Support Occupations Salary in Lafayette-West Lafayette, IN
- Food Preparation and Serving Related Occupations Salary in Lafayette-West Lafayette, IN
- Transportation and Material Moving Occupations Salary in Lafayette-West Lafayette, IN
- Educational Instruction and Library Occupations Salary in Lafayette-West Lafayette, IN
- Miscellaneous Assemblers and Fabricators Salary in Lafayette-West Lafayette, IN
- Sales and Related Occupations Salary in Lafayette-West Lafayette, IN
- Healthcare Practitioners and Technical Occupations Salary in Lafayette-West Lafayette, IN
- Management Occupations Salary in Lafayette-West Lafayette, IN
- Browse All Jobs in Lafayette-West Lafayette, IN →
Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Lafayette-West Lafayette, IN