Average Tellers Salary in Lake Charles, LA
The average annual salary for Tellers in Lake Charles, Louisiana is $33,800. This figure is notably below the national average of $40,940, indicating that local economic factors and demand specific to the Lake Charles area influence compensation for this role. While the nominal salary may seem lower, it's essential to consider the broader economic context of the region.
Executive Summary
- Average Salary: $33,800 per year.
- Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $41,250.
- Outlook: With a total local workforce of 380 Tellers, Lake Charles presents a concentrated market for this profession, as evidenced by a Location Quotient of 1.72. This suggests that Tellers are more prevalent in Lake Charles relative to the national average, potentially indicating a stable demand for their services within the local financial sector.
Salary Overview
The average Tellers in Lake Charles, LA earns-17.4%below the national average.
$16.3
$650
$2,817
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Lake Charles is not provided, it is generally assumed that salaries for this role, like many others, have experienced incremental growth over the past four years. Economic shifts and inflation typically drive modest increases in compensation, reflecting adjustments to the cost of living and evolving market demands for banking services.
Tellers Salary Distribution in Lake Charles, LA
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which often come with increased responsibilities and higher pay. While specific salary ranges for different experience levels are not detailed here, the typical percentile gaps in salary data signify the earning potential as Tellers gain experience and advance within their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,680 | $13.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,350 | $12.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $33,870 | $16.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,250 | $20.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $41,250 | $19.8 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$33,800
Gross Pay
Real Wage (Purchasing Power)
$33,800
Adjusted for COL (100)
The average annual salary of $33,800 in Lake Charles aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Lake Charles is comparable to the national average, suggesting that the nominal salary effectively balances with the local cost of essential goods and services.
Job Market Context
380
Total Jobs
3.787
Per 1K Jobs
1.72
Location Quotient
Lake Charles, LA has 1.7x 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.
A Location Quotient of 1.72 for Tellers in Lake Charles signifies a significant concentration of this profession compared to the national landscape. This indicates a robust local demand or a specialized financial industry presence that requires a higher proportion of Tellers relative to other occupations, making the job market potentially more accessible for qualified candidates.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Beaumont-Port Arthur, TX Tellers Salary | $37,140↑ 10% | 56 mi |
| Lafayette, LA Tellers Salary | $34,700↑ 3% | 70 mi |
| Alexandria, LA Tellers Salary | $34,950↑ 3% | 87 mi |
Comparing salaries near Lake Charles, LA
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Lake Charles, LA?
The median annual salary for a Tellers in Lake Charles, LA is $33,800. This typically ranges from $27,680 for entry-level positions to $41,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lake Charles, LA is 17.4% lower than the national median of $40,940.
Is Lake Charles, LA a lucrative place for Tellers?
No, not exceptionally lucrative compared to the national average.The average Teller salary in Lake Charles is $33,800, which is below the national average of $40,940. However, the Cost of Living Index is at the national average, meaning the salary's purchasing power is comparable.
Is Lake Charles, LA a good place to live for Tellers?
The Cost of Living Index in Lake Charles, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lake Charles, LA?
Some top paying nearby cities include Beaumont-Port Arthur, TX ($37,140) and Lafayette, LA.
How does the Lake Charles Teller salary compare to the national average?
The average annual salary for Tellers in Lake Charles, LA is $33,800, which is approximately 17.4% lower than the national average of $40,940.
What is the concentration of Tellers in Lake Charles?
Lake Charles has a higher concentration of Tellers than the national average, indicated by a Location Quotient of 1.72. This suggests Tellers are more prevalent in this area.
How does the Cost of Living affect the Teller salary in Lake Charles?
With a Cost of Living Index of 100, the same as the national average, the $33,800 salary in Lake Charles offers purchasing power equivalent to the national average.
What is the total number of Tellers in Lake Charles?
There are approximately 380 Tellers employed in the Lake Charles, Louisiana area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Lake Charles, LA area with a job density of 3.787 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 Lake Charles, LA