Average Tellers Salary in Louisville/Jefferson County, KY-IN
Tellers in Louisville/Jefferson County, KY-IN earn an average annual salary of $38,020. This figure is slightly below the national average of $40,940, a common trend in regions with a cost of living that aligns with the national median. Local economic factors and the specific demand within the financial services sector of Louisville/Jefferson County contribute to this salary positioning.
Executive Summary
- Average Salary: $38,020 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,060.
- Outlook: With a local workforce of 1,350 Tellers, Louisville/Jefferson County presents a stable job market for this profession. The Location Quotient of 0.89 suggests a concentration of Tellers that is slightly below the national average, indicating a moderate but consistent demand for these roles within the region's financial institutions.
Salary Overview
The average Tellers in Louisville/Jefferson County, KY-IN earns-7.1%below the national average.
$18.3
$731
$3,168
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in Louisville/Jefferson County have seen modest growth over the past four years, mirroring national trends in the banking sector. This growth is typically driven by inflation, increased responsibilities, and the need for skilled financial service professionals.
Tellers Salary Distribution in Louisville/Jefferson County, KY-IN
Career progression for Tellers in Louisville/Jefferson County typically involves moving from entry-level positions to more senior roles, often accompanied by salary increases. While specific percentile data isn't available, it's understood that experienced Tellers command higher salaries, reflecting their accumulated knowledge, customer service skills, and potential for handling more complex transactions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,970 | $14.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,515 | $13.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,480 | $17.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $47,525 | $22.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,060 | $22.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,020
Gross Pay
Real Wage (Purchasing Power)
$38,020
Adjusted for COL (100)
The nominal average salary of $38,020 in Louisville/Jefferson County aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in this region is equivalent to the national average, suggesting financial stability for residents.
Job Market Context
1,350
Total Jobs
1.967
Per 1K Jobs
0.89
Location Quotient
Louisville/Jefferson County, KY-IN has 0.89x 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 0.89 indicates that Tellers are slightly less concentrated in Louisville/Jefferson County compared to the national average. This suggests a balanced job market where demand is present but not overwhelmingly high, offering a steady environment for job seekers and existing professionals.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Elizabethtown, KY Tellers Salary | $36,150↓ 5% | 39 mi |
| Columbus, IN Tellers Salary | $37,840↓ 0% | 67 mi |
| Central Kentucky nonmetropolitan area Tellers Salary | $34,670↓ 9% | 72 mi |
| South Central Kentucky nonmetropolitan area Tellers Salary | $36,270↓ 5% | 72 mi |
| West Kentucky nonmetropolitan area Tellers Salary | $36,100↓ 5% | 72 mi |
Comparing salaries near Louisville/Jefferson County, KY-IN
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Louisville/Jefferson County, KY-IN?
The median annual salary for a Tellers in Louisville/Jefferson County, KY-IN is $38,020. This typically ranges from $30,970 for entry-level positions to $47,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Louisville/Jefferson County, KY-IN is 7.1% lower than the national median of $40,940.
Is Louisville/Jefferson County, KY-IN a lucrative place for Tellers?
No, it is not exceptionally lucrative, but offers average purchasing power.The average salary of $38,020 is below the national average, but the cost of living is also at the national average, resulting in equivalent purchasing power.
Is Louisville/Jefferson County, KY-IN a good place to live for Tellers?
The Cost of Living Index in Louisville/Jefferson County, KY-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Louisville/Jefferson County, KY-IN?
Some top paying nearby cities include Elizabethtown, KY ($36,150) and Columbus, IN.
How does the Louisville Teller salary compare to the national average?
The average annual salary for Tellers in Louisville/Jefferson County, KY-IN is $38,020, which is approximately $2,920 less than the national average of $40,940.
What is the concentration of Tellers in Louisville/Jefferson County compared to the nation?
The Location Quotient of 0.89 indicates that Tellers are slightly less concentrated in Louisville/Jefferson County than the national average, suggesting a moderately competitive job market.
Does the cost of living affect the value of a Teller's salary in Louisville?
No, the cost of living in Louisville/Jefferson County is at the national average (100), meaning the $38,020 salary offers purchasing power equivalent to the national average.
How many Tellers are employed in Louisville/Jefferson County?
There are approximately 1,350 Tellers employed in the Louisville/Jefferson County, KY-IN area, representing 1.967 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,350 employees in the Louisville/Jefferson County, KY-IN area with a job density of 1.967 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 Louisville/Jefferson County, KY-IN