Average Tellers Salary in Maryland nonmetropolitan area
Tellers in Maryland's nonmetropolitan areas earn an average annual salary of $39,240. This figure is slightly below the national average of $40,940, reflecting the unique economic dynamics and potentially lower operational costs prevalent in these regions compared to major metropolitan hubs. The specific pay scale is often influenced by local demand and the cost of doing business within these communities.
Executive Summary
- Average Salary: $39,240 per year.
- Growth Trend: Salaries have shifted 25.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,590.
- Outlook: The job market for Tellers in Maryland's nonmetropolitan areas appears robust, with a total local workforce of 410 individuals. The Location Quotient of 1.66 significantly exceeds the national average, indicating a higher concentration of Teller positions relative to the general workforce. This suggests a strong and potentially growing demand for these financial service professionals within these specific locales.
Salary Overview
The average Tellers in Maryland nonmetropolitan area earns-4.2%below the national average.
$18.9
$755
$3,270
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in Maryland's nonmetropolitan areas have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This steady, albeit potentially modest, increase is typical for established roles within stable economic environments.
Tellers Salary Distribution in Maryland nonmetropolitan area
Career progression for Tellers typically involves salary increases with experience. Entry-level positions will likely fall at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command higher salaries, potentially reaching the upper percentiles. The gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,490 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,430 | $14.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,860 | $18.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,050 | $23.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,590 | $21.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$39,240
Gross Pay
Real Wage (Purchasing Power)
$39,240
Adjusted for COL (100)
The average annual salary of $39,240 in Maryland's nonmetropolitan areas aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is comparable to the national average, suggesting that the nominal income provides a standard of living equivalent to that experienced across the United States.
Job Market Context
410
Total Jobs
3.663
Per 1K Jobs
1.66
Location Quotient
Maryland nonmetropolitan area has 1.7x 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 1.66, Maryland's nonmetropolitan areas exhibit a significantly higher concentration of Teller jobs than the national average. This indicates a more specialized and potentially competitive market for these roles, where demand outstrips the national proportion, offering ample opportunities for those seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV Tellers Salary | $45,820↑ 17% | 17 mi |
| Baltimore-Columbia-Towson, MD Tellers Salary | $44,280↑ 13% | 19 mi |
| Gettysburg, PA Tellers Salary | $38,960↓ 1% | 58 mi |
| Lexington Park, MD Tellers Salary | $40,620↑ 4% | 59 mi |
| York-Hanover, PA Tellers Salary | $39,920↑ 2% | 62 mi |
Comparing salaries near Maryland nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Maryland nonmetropolitan area?
The median annual salary for a Tellers in Maryland nonmetropolitan area is $39,240. This typically ranges from $32,490 for entry-level positions to $45,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maryland nonmetropolitan area is 4.2% lower than the national median of $40,940.
Is Maryland nonmetropolitan area a lucrative place for Tellers?
No, not significantly more lucrative than the national average.While the concentration of jobs is higher, the average salary is slightly below the national average, and the cost of living is on par, indicating comparable earning potential and expenses.
Is Maryland nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Maryland nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maryland nonmetropolitan area?
Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($45,820) and Baltimore-Columbia-Towson, MD.
How does the Teller salary in Maryland nonmetropolitan areas compare to the national average?
The average annual salary for Tellers in Maryland's nonmetropolitan areas is $39,240, which is slightly lower than the national average of $40,940.
What does the Location Quotient of 1.66 mean for Teller jobs in this region?
A Location Quotient of 1.66 signifies that Teller jobs are 66% more concentrated in Maryland's nonmetropolitan areas compared to the national average, indicating a higher relative demand for these positions.
How does the Cost of Living Index affect the Teller salary?
With a Cost of Living Index of 100, the same as the national average, the $39,240 salary in Maryland's nonmetropolitan areas offers a purchasing power equivalent to the national average.
What is the total number of Tellers employed in Maryland's nonmetropolitan areas?
There are approximately 410 Tellers employed within the nonmetropolitan areas of Maryland.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Maryland nonmetropolitan area area with a job density of 3.663 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 Maryland nonmetropolitan area