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Average Tellers Salary in Lynchburg, VA

Tellers in Lynchburg, VA, earn an average annual salary of $40,390. This figure is slightly below the national average of $40,940, indicating a minor discrepancy in compensation. Local economic factors and the specific demand within Lynchburg's financial sector likely influence this pay rate.

Executive Summary

  • Average Salary: $40,390 per year.
  • Growth Trend: Salaries have shifted 31.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,370.
  • Outlook: The Lynchburg, VA market for Tellers appears stable, with a total local workforce of 240 individuals. The Location Quotient of 1.12 suggests a slightly higher concentration of Tellers compared to the national average, implying a steady, if not growing, demand for these professionals within the region.
2024 Market Data

Salary Overview

$40,390

The average Tellers in Lynchburg, VA earns-1.3%below the national average.

BreakdownBased on 40h/week
Hourly

$19.4

Weekly

$777

Monthly

$3,366

Tellers Salary Distribution in Lynchburg, VA

As Tellers gain experience, their earning potential typically increases. Entry-level positions will likely fall at the lower end of the salary spectrum, while senior Tellers with extensive knowledge and customer service skills can command higher salaries. The percentile gaps in pay signify clear career progression opportunities within the Teller role.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$33,710$16.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$30,293$14.6
ManagerOversees team, compliance, and project delivery.50% (Median)$39,570$19
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$50,488$24.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,370$21.8

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$40,390

Gross Pay

Real Wage (Purchasing Power)

$40,390

Adjusted for COL (100)

With a Cost of Living Index of 100, Lynchburg, VA, is perfectly aligned with the national average. This means the nominal salary of $40,390 for Tellers provides purchasing power equivalent to the national average, making it neither a particularly expensive nor inexpensive place to live relative to the rest of the country.

Job Market Context

240

Total Jobs

2.466

Per 1K Jobs

1.12

Location Quotient

Above Average

With a location quotient of 1.12, Lynchburg, VA has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.12 indicates that Lynchburg, VA, has a slightly higher concentration of Teller positions than the national average. This suggests a moderately competitive market where demand is present, but perhaps not overwhelmingly saturated, offering a balanced environment for job seekers and employers alike.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Roanoke, VA Tellers Salary$38,540↓ 5%43 mi
Staunton-Stuarts Draft, VA Tellers Salary$38,890↓ 4%53 mi
Charlottesville, VA Tellers Salary$43,730↑ 8%59 mi
Southside Virginia nonmetropolitan area Tellers Salary$40,530↑ 0%61 mi
Northern West Virginia nonmetropolitan area Tellers Salary$30,660↓ 24%61 mi

Comparing salaries near Lynchburg, VA

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Lynchburg, VA?

The median annual salary for a Tellers in Lynchburg, VA is $40,390. This typically ranges from $33,710 for entry-level positions to $45,370 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lynchburg, VA is 1.3% lower than the national median of $40,940.

Is Lynchburg, VA a lucrative place for Tellers?

No, not significantly more lucrative than the national average.While the salary is close to the national average, it does not offer a substantial financial advantage. The cost of living being at the national average further reinforces that Lynchburg is a standard market for Teller compensation.

Is Lynchburg, VA a good place to live for Tellers?

The Cost of Living Index in Lynchburg, VA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lynchburg, VA?

Some top paying nearby cities include Roanoke, VA ($38,540) and Staunton-Stuarts Draft, VA.

How does the Lynchburg Teller salary compare to the national average?

The average annual salary for Tellers in Lynchburg, VA, is $40,390, which is slightly lower than the national average of $40,940.

What does the Location Quotient of 1.12 mean for Tellers in Lynchburg?

A Location Quotient of 1.12 signifies that Tellers are slightly more concentrated in Lynchburg, VA, than the national average, suggesting a stable demand for these roles in the local job market.

How does the cost of living in Lynchburg affect Teller salaries?

Lynchburg's Cost of Living Index is 100, matching the national average. Therefore, the $40,390 salary offers average purchasing power, neither significantly enhanced nor diminished by local living expenses.

What is the total number of Tellers in Lynchburg, VA?

There are approximately 240 Tellers employed within the Lynchburg, VA, 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 240 employees in the Lynchburg, VA area with a job density of 2.466 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 Lynchburg, VA