Average Tellers Salary in Lower West Mississippi nonmetropolitan area
Tellers in the Lower West Mississippi nonmetropolitan area earn an average annual salary of $32,670. This figure is notably below the national average of $40,940, reflecting the distinct economic landscape and compensation structures prevalent in nonmetropolitan regions. Factors such as local demand, cost of labor, and the specific economic drivers of the area contribute to this pay differential.
Executive Summary
- Average Salary: $32,670 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $36,850.
- Outlook: The job market for Tellers in Lower West Mississippi appears moderately concentrated, with a Location Quotient of 1.98 indicating a higher presence than the national average. The total local workforce of 350 suggests a stable, albeit not expansive, demand for these roles within the region. This concentration implies that while opportunities may be more specialized, there is a consistent need for Tellers within the local financial sector.
Salary Overview
The average Tellers in Lower West Mississippi nonmetropolitan area earns-20.2%below the national average.
$15.7
$628
$2,723
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in nonmetropolitan areas like Lower West Mississippi have experienced gradual growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing operational costs for financial institutions, and a gradual rise in the demand for banking services.
Tellers Salary Distribution in Lower West Mississippi nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which often command higher salaries. While specific percentile data is unavailable, the typical salary range for Tellers suggests that experienced professionals can expect to earn more than their less experienced counterparts. The gap between entry-level and senior Tellers' salaries signifies the value placed on accumulated knowledge, customer service skills, and operational proficiency.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,010 | $13.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $24,503 | $11.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $31,440 | $15.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $40,838 | $19.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $36,850 | $17.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$32,670
Gross Pay
Real Wage (Purchasing Power)
$32,670
Adjusted for COL (100)
The nominal average annual salary of $32,670 in Lower West Mississippi aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national average. Therefore, the $32,670 earned locally offers a comparable standard of living to what $32,670 would provide elsewhere in the country, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
350
Total Jobs
4.356
Per 1K Jobs
1.98
Location Quotient
Lower West Mississippi nonmetropolitan area has 2.0x 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.
With a Location Quotient of 1.98, the Lower West Mississippi nonmetropolitan area exhibits a significant concentration of Tellers relative to the national average. This suggests that the demand for Tellers in this region is more than double the national average proportion, indicating a relatively robust and potentially competitive job market for these professionals. Financial institutions in this area rely more heavily on Tellers compared to national trends.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Tellers Salary | $36,460↑ 12% | 43 mi |
Comparing salaries near Lower West Mississippi nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Lower West Mississippi nonmetropolitan area?
The median annual salary for a Tellers in Lower West Mississippi nonmetropolitan area is $32,670. This typically ranges from $29,010 for entry-level positions to $36,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lower West Mississippi nonmetropolitan area is 20.2% lower than the national median of $40,940.
Is Lower West Mississippi nonmetropolitan area a lucrative place for Tellers?
No, it is not considered lucrative compared to the national average.The average salary of $32,670 is substantially lower than the national average of $40,940. However, the cost of living is also at the national average, meaning the purchasing power is equivalent.
Is Lower West Mississippi nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Lower West Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lower West Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($36,460) and others.
How does the Tellers salary in Lower West Mississippi compare to the national average?
The average annual salary for Tellers in Lower West Mississippi is $32,670, which is below the national average of $40,940.
What is the cost of living in Lower West Mississippi compared to the national average?
The cost of living in Lower West Mississippi is at the national average, with an index of 100.
Is there high demand for Tellers in Lower West Mississippi?
Yes, the Location Quotient of 1.98 suggests a higher concentration and thus relatively strong demand for Tellers compared to the national average.
How many Tellers are there in the Lower West Mississippi workforce?
There are approximately 350 Tellers employed in the Lower West 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 350 employees in the Lower West Mississippi nonmetropolitan area area with a job density of 4.356 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 West Mississippi nonmetropolitan area