Average Tellers Salary in Lower East Mississippi nonmetropolitan area
Tellers in the Lower East Mississippi nonmetropolitan area earn an average annual salary of $33,680. This figure is notably below the national average of $40,940, reflecting the economic landscape and specific market demands of this region. Localized economic factors and a potentially smaller financial sector contribute to this pay differential.
Executive Summary
- Average Salary: $33,680 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $41,550.
- Outlook: The local job market for Tellers in Lower East Mississippi is moderately concentrated, as indicated by a Location Quotient of 1.55, suggesting a higher prevalence of these roles compared to the national average. With a total local workforce of 420, the demand, while present, is within a defined segment of the regional economy.
Salary Overview
The average Tellers in Lower East Mississippi nonmetropolitan area earns-17.7%below the national average.
$16.2
$648
$2,807
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers, like many roles, have experienced incremental growth over the past four years, influenced by inflation, evolving banking technologies, and regional economic shifts. This growth would likely be modest in a nonmetropolitan area.
Tellers Salary Distribution in Lower East Mississippi nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more experienced roles, which often come with increased responsibilities and higher compensation. While specific salary bands are not detailed, the gap between entry-level and senior Tellers' salaries would signify career advancement opportunities and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,840 | $13.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,260 | $12.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $33,890 | $16.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,100 | $20.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $41,550 | $20 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$33,680
Gross Pay
Real Wage (Purchasing Power)
$33,680
Adjusted for COL (100)
The nominal average annual salary of $33,680 in Lower East Mississippi aligns precisely with the national average cost of living, which is indexed at 100. This means that while the take-home pay is lower than the national average, the purchasing power of that salary locally is on par with the national standard, offering a balanced financial outlook.
Job Market Context
420
Total Jobs
3.414
Per 1K Jobs
1.55
Location Quotient
Lower East Mississippi nonmetropolitan area has 1.6x 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 1.55 indicates that Tellers are more concentrated in the Lower East Mississippi nonmetropolitan area than the national average. This suggests a potentially more competitive market for job seekers, but also signifies a stable demand for these services within the region's financial institutions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Tellers Salary | $36,460↑ 8% | 43 mi |
Comparing salaries near Lower East Mississippi nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Lower East Mississippi nonmetropolitan area?
The median annual salary for a Tellers in Lower East Mississippi nonmetropolitan area is $33,680. This typically ranges from $28,840 for entry-level positions to $41,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lower East Mississippi nonmetropolitan area is 17.7% lower than the national median of $40,940.
Is Lower East Mississippi nonmetropolitan area a lucrative place for Tellerss?
No, it is not a particularly lucrative place for Tellers.The average salary of $33,680 is significantly lower than the national average, although the cost of living is also at the national average.
Is Lower East Mississippi nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Lower East Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lower East Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($36,460) and others.
How does the Lower East Mississippi Tellers salary compare to the national average?
Tellers in Lower East Mississippi earn an average of $33,680 annually, which is considerably less than the national average of $40,940.
What is the concentration of Tellers jobs in this region?
The region has a Location Quotient of 1.55 for Tellers, meaning these jobs are 55% more concentrated than the national average.
How does the cost of living affect the Tellers salary in Lower East Mississippi?
The cost of living in Lower East Mississippi is at the national average (100), so the lower nominal salary of $33,680 has equivalent purchasing power to the national average salary in a higher cost area.
What is the total number of Tellers jobs in Lower East Mississippi?
There are approximately 420 Tellers employed in the Lower East Mississippi nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Lower East Mississippi nonmetropolitan area area with a job density of 3.414 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 Lower East Mississippi nonmetropolitan area