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Average Tellers Salary in Lexington-Fayette, KY

The average annual salary for Tellers in Lexington-Fayette, KY is $38,720, which is slightly below the national average of $40,940. This difference can be attributed to various local economic factors, including the specific demand for banking services and the overall cost of labor within the region.

Executive Summary

  • Average Salary: $38,720 per year.
  • Growth Trend: Salaries have shifted 30.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $44,430.
  • Outlook: With a total local workforce of 490 Tellers, Lexington-Fayette, KY presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.78 indicates that Tellers are employed at a rate slightly lower than the national average, suggesting moderate demand and a balanced supply of qualified professionals.
2024 Market Data

Salary Overview

$38,720

The average Tellers in Lexington-Fayette, KY earns-5.4%below the national average.

BreakdownBased on 40h/week
Hourly

$18.6

Weekly

$745

Monthly

$3,227

Tellers Salary Distribution in Lexington-Fayette, KY

Career progression for Tellers in Lexington-Fayette, KY typically involves moving from entry-level positions to more senior roles, which often come with increased responsibilities and higher compensation. While specific percentile data is unavailable, the typical salary range suggests that experienced Tellers can earn significantly more than their junior counterparts, reflecting a clear career ladder.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$32,920$15.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$29,040$14
ManagerOversees team, compliance, and project delivery.50% (Median)$36,820$17.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$48,400$23.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$44,430$21.4

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$38,720

Gross Pay

Real Wage (Purchasing Power)

$38,720

Adjusted for COL (100)

A nominal salary of $38,720 in Lexington-Fayette, KY aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is equivalent to the national average, indicating that the cost of essential goods and services is neither a significant advantage nor a disadvantage compared to the rest of the country.

Job Market Context

490

Total Jobs

1.724

Per 1K Jobs

0.78

Location Quotient

Below Average

Lexington-Fayette, KY has 0.78x 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.

The Location Quotient of 0.78 for Tellers in Lexington-Fayette, KY suggests that the concentration of this profession is slightly below the national average. This indicates that while Tellers are present and employed, the market is not oversaturated, potentially offering a competitive environment for job seekers but not an exceptionally high demand.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Central Kentucky nonmetropolitan area Tellers Salary$34,670↓ 10%28 mi
South Central Kentucky nonmetropolitan area Tellers Salary$36,270↓ 6%28 mi
West Kentucky nonmetropolitan area Tellers Salary$36,100↓ 7%28 mi
East Kentucky nonmetropolitan area Tellers Salary$33,950↓ 12%28 mi
Louisville/Jefferson County, KY-IN Tellers Salary$38,020↓ 2%72 mi

Comparing salaries near Lexington-Fayette, KY

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Lexington-Fayette, KY?

The median annual salary for a Tellers in Lexington-Fayette, KY is $38,720. This typically ranges from $32,920 for entry-level positions to $44,430 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lexington-Fayette, KY is 5.4% lower than the national median of $40,940.

Is Lexington-Fayette, KY a lucrative place for Tellers?

No, it is not exceptionally lucrative, but offers average purchasing power.The average salary is below the national average, but the cost of living is also at the national average, resulting in neutral purchasing power for Tellers.

Is Lexington-Fayette, KY a good place to live for Tellers?

The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lexington-Fayette, KY?

Some top paying nearby cities include Central Kentucky nonmetropolitan area ($34,670) and South Central Kentucky nonmetropolitan area.

How does the Lexington-Fayette Teller salary compare to the national average?

The average Teller salary in Lexington-Fayette, KY ($38,720) is approximately 5.4% lower than the national average ($40,940).

What is the job concentration for Tellers in Lexington-Fayette, KY?

The job concentration, measured by the Location Quotient, is 0.78, indicating slightly fewer Tellers per capita compared to the national average.

How does the cost of living affect a Teller's salary in Lexington-Fayette, KY?

With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $38,720 salary has average purchasing power.

What is the total number of Tellers employed in Lexington-Fayette, KY?

There are approximately 490 Tellers employed within the Lexington-Fayette, KY metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 490 employees in the Lexington-Fayette, KY area with a job density of 1.724 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 Lexington-Fayette, KY