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Average Tellers Salary in Madison, WI

Tellers in Madison, WI, earn an average annual salary of $41,570, slightly exceeding the national average of $40,940. This modest premium is influenced by Madison's robust local economy and the specific demand within its financial sector. The concentration of financial institutions and the overall economic health of the region contribute to this favorable compensation.

Executive Summary

  • Average Salary: $41,570 per year.
  • Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,860.
  • Outlook: With a local workforce of 1,100 Tellers and a Location Quotient of 1.23, Madison, WI, demonstrates a healthy demand for these professionals. The LQ of 1.23 indicates that Tellers are more concentrated in Madison than the national average, suggesting a stable and potentially growing job market for this role within the city.
2024 Market Data

Salary Overview

$41,570

The average Tellers in Madison, WI earns+1.5%above the national average.

BreakdownBased on 40h/week
Hourly

$20

Weekly

$799

Monthly

$3,464

Tellers Salary Distribution in Madison, WI

Salary progression for Tellers in Madison, WI, typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive knowledge of banking operations and customer service can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,950$17.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$31,178$15
ManagerOversees team, compliance, and project delivery.50% (Median)$39,960$19.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$51,963$25
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,860$22.5

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$41,570

Gross Pay

Real Wage (Purchasing Power)

$41,570

Adjusted for COL (100)

The average annual salary of $41,570 in Madison, WI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making Madison a financially stable location for Tellers without significant cost-of-living adjustments needed.

Job Market Context

1,100

Total Jobs

2.71

Per 1K Jobs

1.23

Location Quotient

Above Average

With a location quotient of 1.23, Madison, WI has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

Madison, WI, exhibits a slightly higher concentration of Tellers compared to the national average, as indicated by its Location Quotient of 1.23. This suggests a moderately competitive job market where demand is robust enough to support a workforce slightly larger than what would be expected nationally, offering good opportunities for skilled individuals.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Janesville-Beloit, WI Tellers Salary$39,510↓ 5%33 mi
Rockford, IL Tellers Salary$40,600↓ 2%59 mi
Fond du Lac, WI Tellers Salary$39,280↓ 6%68 mi
Milwaukee-Waukesha, WI Tellers Salary$41,980↑ 1%72 mi
Oshkosh-Neenah, WI Tellers Salary$40,020↓ 4%77 mi

Comparing salaries near Madison, WI

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Madison, WI?

The median annual salary for a Tellers in Madison, WI is $41,570. This typically ranges from $36,950 for entry-level positions to $46,860 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Madison, WI is 1.5% higher than the national median of $40,940.

Is Madison, WI a lucrative place for Tellers?

Yes, Madison, WI offers competitive compensation for Tellers.Tellers in Madison earn slightly above the national average salary, and the cost of living is on par with the national average, indicating strong relative earning potential.

Is Madison, WI a good place to live for Tellers?

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

Where are the highest paying cities near Madison, WI?

Some top paying nearby cities include Janesville-Beloit, WI ($39,510) and Rockford, IL.

What is the average salary for a Teller in Madison, WI?

The average annual salary for a Teller in Madison, WI is $41,570.

How does Madison, WI's Teller salary compare to the national average?

Tellers in Madison, WI, earn approximately $630 more annually than the national average salary of $40,940.

Is the job market for Tellers strong in Madison, WI?

Yes, with a Location Quotient of 1.23, Tellers are more concentrated in Madison than the national average, indicating a robust local demand.

How does the cost of living in Madison, WI affect Teller salaries?

Madison's Cost of Living Index is 100, matching the national average. This means the $41,570 salary provides purchasing power equivalent to the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,100 employees in the Madison, WI area with a job density of 2.71 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 Madison, WI