Average Tellers Salary in Medford, OR
Tellers in Medford, Oregon, earn an average annual salary of $41,420, slightly surpassing the national average of $40,940. This marginal difference is often influenced by local economic conditions and the specific demand within the Medford financial sector. While not a significant deviation, it indicates a stable, albeit competitive, market for these essential banking professionals.
Executive Summary
- Average Salary: $41,420 per year.
- Growth Trend: Salaries have shifted 25.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,720.
- Outlook: With a total local workforce of 200 Tellers and a Location Quotient of 1.03, Medford presents a stable job market for this profession. The LQ suggests that Tellers are employed in Medford at a rate slightly higher than the national average, indicating a consistent demand that aligns with the overall employment landscape. The presence of 2.258 jobs per 1,000 workers further solidifies this outlook, pointing to a steady need for Teller services within the community.
Salary Overview
The average Tellers in Medford, OR earns+1.2%above the national average.
$19.9
$797
$3,452
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Medford is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic fluctuations and inflation typically drive modest annual increases in wages across most sectors, including banking. Therefore, Tellers in Medford have likely experienced incremental salary advancements, reflecting both career progression and the broader economic environment.
Tellers Salary Distribution in Medford, OR
Salary progression for Tellers in Medford typically scales with experience. Entry-level positions will likely fall towards the lower end of the pay scale, while seasoned professionals with extensive customer service and financial transaction experience can command higher salaries. The gap between entry-level and senior Tellers signifies clear career progression opportunities, with advanced roles often requiring specialized skills or supervisory responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,010 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,065 | $14.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $40,570 | $19.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $51,775 | $24.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,720 | $21.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$41,420
Gross Pay
Real Wage (Purchasing Power)
$41,420
Adjusted for COL (100)
The nominal average annual salary of $41,420 in Medford aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in Medford is equivalent to the national average. While the salary is slightly above the national average, the cost of living does not present any significant advantage or disadvantage for those considering a move to or within Medford.
Job Market Context
200
Total Jobs
2.258
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Medford, OR has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
Medford's Location Quotient of 1.03 for Tellers indicates a job market that is very close to the national average in terms of concentration. This suggests that the demand for Tellers in Medford is neither exceptionally high nor low compared to other regions. The market is relatively stable, offering consistent opportunities without the intense competition or scarcity often seen in areas with significantly higher or lower LQs.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Grants Pass, OR Tellers Salary | $42,230↑ 2% | 25 mi |
Comparing salaries near Medford, OR
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Medford, OR?
The median annual salary for a Tellers in Medford, OR is $41,420. This typically ranges from $38,010 for entry-level positions to $44,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Medford, OR is 1.2% higher than the national median of $40,940.
Is Medford, OR a lucrative place for Tellers?
Yes, slightly more lucrative than the national average.Tellers in Medford earn an average of $41,420, which is marginally higher than the national average. Coupled with a cost of living that matches the national average, this makes Medford a stable, albeit not exceptionally high-paying, location for this role.
Is Medford, OR a good place to live for Tellers?
The Cost of Living Index in Medford, OR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Medford, OR?
Some top paying nearby cities include Grants Pass, OR ($42,230) and others.
How does the Medford Teller salary compare to the national average?
The average annual salary for Tellers in Medford, OR is $41,420, which is slightly higher than the national average of $40,940.
What is the cost of living in Medford, OR for Tellers?
The cost of living in Medford, OR is at the national average, indicated by an index of 100. This means that the purchasing power of a Teller's salary in Medford is comparable to the national average.
Is there strong demand for Tellers in Medford?
The Location Quotient of 1.03 suggests a demand for Tellers in Medford that is slightly above the national average, indicating a stable and consistent market for these professionals.
What does the Location Quotient of 1.03 mean for Tellers in Medford?
A Location Quotient of 1.03 signifies that Tellers are employed in Medford at a rate slightly more concentrated than the national average, implying a steady presence and demand for the role within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Medford, OR area with a job density of 2.258 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 Medford, OR