SalaryNode

Average Tellers Salary in Mayaguez, PR

In Mayaguez, Puerto Rico, the average annual salary for Tellers stands at $28,020. This figure is notably lower than the national average of $40,940, reflecting regional economic factors and the specific demand within the local financial sector. The pay differential underscores the importance of understanding local market dynamics when evaluating compensation.

Executive Summary

  • Average Salary: $28,020 per year.
  • Growth Trend: Salaries have shifted 38.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $32,130.
  • Outlook: The Teller job market in Mayaguez shows a significant concentration, with a Location Quotient of 1.89, indicating a demand for these roles that is 89% higher than the national average. Despite a total local workforce of 220 Tellers, this elevated concentration suggests a robust local demand for banking professionals relative to the size of the workforce.
2024 Market Data

Salary Overview

$28,020

The average Tellers in Mayaguez, PR earns-31.6%below the national average.

BreakdownBased on 40h/week
Hourly

$13.5

Weekly

$539

Monthly

$2,335

Tellers Salary Distribution in Mayaguez, PR

As Tellers gain experience, their earning potential typically increases. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with specialized skills or supervisory responsibilities can command higher salaries. The percentile gaps in pay signify clear career progression pathways within the Teller role.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$20,820$10
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$21,015$10.1
ManagerOversees team, compliance, and project delivery.50% (Median)$29,760$14.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$35,025$16.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$32,130$15.4

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$28,020

Gross Pay

Real Wage (Purchasing Power)

$28,020

Adjusted for COL (100)

The nominal salary of $28,020 in Mayaguez, PR, is directly comparable to the national average cost of living, which is indexed at 100. This means that while the absolute salary is lower than the national average, the purchasing power of that salary locally is on par with what a Teller might experience in a typical U.S. city.

Job Market Context

220

Total Jobs

4.165

Per 1K Jobs

1.89

Location Quotient

Major Hub

Mayaguez, PR has 1.9x 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.

Mayaguez exhibits a strong concentration of Tellers, as evidenced by its Location Quotient of 1.89. This suggests that the demand for Tellers in Mayaguez is significantly higher than the national average relative to the overall employment landscape. This elevated quotient points to a potentially competitive market for employers seeking to fill these roles.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Aguadilla, PR Tellers Salary$27,040↓ 3%16 mi
Arecibo, PR Tellers Salary$25,390↓ 9%29 mi
Puerto Rico nonmetropolitan area Tellers Salary$25,820↓ 8%33 mi
Ponce, PR Tellers Salary$27,650↓ 1%34 mi
Guayama, PR Tellers Salary$27,530↓ 2%67 mi

Comparing salaries near Mayaguez, PR

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Mayaguez, PR?

The median annual salary for a Tellers in Mayaguez, PR is $28,020. This typically ranges from $20,820 for entry-level positions to $32,130 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Mayaguez, PR is 31.6% lower than the national median of $40,940.

Is Mayaguez, PR a lucrative place for Tellers?

No, not in terms of nominal salary.The average Teller salary in Mayaguez is $28,020, significantly below the national average. However, the cost of living is also at the national average, meaning the lower salary's purchasing power is relatively stable.

Is Mayaguez, PR a good place to live for Tellers?

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

Where are the highest paying cities near Mayaguez, PR?

Some top paying nearby cities include Aguadilla, PR ($27,040) and Arecibo, PR.

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

The average annual salary for Tellers in Mayaguez, PR, is $28,020, which is considerably lower than the national average of $40,940.

What does the Location Quotient of 1.89 mean for Tellers in Mayaguez?

A Location Quotient of 1.89 indicates that Tellers are more concentrated in Mayaguez than the national average, suggesting a higher relative demand for these positions within the local job market.

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

With a Cost of Living Index of 100, Mayaguez is at the national average. This means the $28,020 salary offers purchasing power equivalent to the national average, despite being a lower nominal figure.

What is the total number of Tellers employed in Mayaguez?

There are approximately 220 Tellers employed in the Mayaguez, PR area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Mayaguez, PR area with a job density of 4.165 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 Mayaguez, PR