Average Tellers Salary in Lancaster, PA
Tellers in Lancaster, PA earn an average annual salary of $38,970, which is slightly below the national average of $40,940. This difference can be attributed to a variety of local economic factors, including the specific demand for banking services and the overall cost of labor within the Lancaster region. While the nominal salary may be lower, the cost of living plays a crucial role in understanding the true purchasing power of this income.
Executive Summary
- Average Salary: $38,970 per year.
- Growth Trend: Salaries have shifted 14.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,870.
- Outlook: The Teller job market in Lancaster, PA, while not exceptionally concentrated with a Location Quotient of 0.75, supports a local workforce of 410 individuals. This indicates a stable, albeit not rapidly expanding, demand for banking professionals within the area. The presence of over 1.6 jobs per 1,000 workers suggests consistent opportunities for those in the field.
Salary Overview
The average Tellers in Lancaster, PA earns-4.8%below the national average.
$18.7
$749
$3,248
Tellers Salary Trends (2020-2024)
While specific historical data for Lancaster, PA Tellers is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and inflation typically drive modest annual increases in compensation for most roles, including those in the financial services sector.
Tellers Salary Distribution in Lancaster, PA
Career progression for Tellers in Lancaster, PA, typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries, potentially reaching the 75th or 90th percentile. These percentile gaps highlight the tangible career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,530 | $16.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,228 | $14.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,600 | $18.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,713 | $23.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,870 | $21.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,970
Gross Pay
Real Wage (Purchasing Power)
$38,970
Adjusted for COL (100)
The average annual salary for Tellers in Lancaster, PA, stands at $38,970. With a Cost of Living Index of 100, which is precisely the national average, this nominal salary offers a purchasing power that aligns with the typical American standard. This means that while the salary is below the national average, the cost of essential goods and services in Lancaster is also at the national average, providing a balanced financial landscape.
Job Market Context
410
Total Jobs
1.656
Per 1K Jobs
0.75
Location Quotient
Lancaster, PA has 0.75x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.75 for Tellers in Lancaster, PA, suggests that the occupation is slightly less concentrated than the national average. This implies that while there is a steady presence of Teller roles, the market is not oversaturated, and there may be moderate competition for available positions. It indicates a balanced job market where demand exists but isn't overwhelmingly high.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Lebanon, PA Tellers Salary | $38,530↓ 1% | 22 mi |
| York-Hanover, PA Tellers Salary | $39,920↑ 2% | 23 mi |
| Reading, PA Tellers Salary | $41,390↑ 6% | 29 mi |
| Harrisburg-Carlisle, PA Tellers Salary | $40,790↑ 5% | 35 mi |
| Gettysburg, PA Tellers Salary | $38,960↓ 0% | 52 mi |
Comparing salaries near Lancaster, PA
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Lancaster, PA?
The median annual salary for a Tellers in Lancaster, PA is $38,970. This typically ranges from $33,530 for entry-level positions to $44,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lancaster, PA is 4.8% lower than the national median of $40,940.
Is Lancaster, PA a lucrative place for Tellers?
No, not exceptionally lucrative compared to the national average.While Tellers in Lancaster, PA earn a respectable $38,970 annually, this figure is below the national average. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Lancaster, PA a good place to live for Tellers?
The Cost of Living Index in Lancaster, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lancaster, PA?
Some top paying nearby cities include Lebanon, PA ($38,530) and York-Hanover, PA.
How does the Lancaster, PA Teller salary compare to the national average?
The average annual salary for Tellers in Lancaster, PA is $38,970, which is approximately $1,970 less than the national average of $40,940.
What is the concentration of Teller jobs in Lancaster, PA?
Lancaster, PA has a Location Quotient of 0.75 for Tellers, indicating that the occupation is slightly less concentrated in this area compared to the national average.
How does the cost of living in Lancaster, PA affect Teller salaries?
Lancaster, PA has a Cost of Living Index of 100, which is the national average. This means that the $38,970 salary for Tellers has purchasing power equivalent to the national average, despite being below the national salary average.
What is the total number of Tellers employed in Lancaster, PA?
There are approximately 410 Tellers employed in Lancaster, PA, representing 1.656 jobs per 1,000 workers in the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Lancaster, PA area with a job density of 1.656 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 Lancaster, PA