SalaryNode

Average Tellers Salary in Memphis, TN-MS-AR

In Memphis, TN-MS-AR, Tellers earn an average annual salary of $39,390. This figure is slightly below the national average of $40,940, indicating a localized compensation structure influenced by regional economic factors and the specific demands of the Memphis market.

Executive Summary

  • Average Salary: $39,390 per year.
  • Growth Trend: Salaries have shifted 25.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,530.
  • Outlook: The Memphis, TN-MS-AR area supports a local workforce of 1,320 Tellers, with a Location Quotient of 0.97. This suggests a market that is nearly on par with the national average in terms of Teller concentration, indicating a stable and consistent demand for these financial professionals within the region.
2024 Market Data

Salary Overview

$39,390

The average Tellers in Memphis, TN-MS-AR earns-3.8%below the national average.

BreakdownBased on 40h/week
Hourly

$18.9

Weekly

$758

Monthly

$3,283

Tellers Salary Distribution in Memphis, TN-MS-AR

Career progression for Tellers in Memphis typically involves moving from entry-level positions to more senior roles, which is reflected in salary increases. While specific percentile data isn't available, the gap between starting salaries and those earned by experienced Tellers signifies substantial earning potential and career advancement within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$30,890$14.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$29,543$14.2
ManagerOversees team, compliance, and project delivery.50% (Median)$37,440$18
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$49,238$23.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,530$22.4

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$39,390

Gross Pay

Real Wage (Purchasing Power)

$39,390

Adjusted for COL (100)

The average annual salary of $39,390 in Memphis, TN-MS-AR 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 Memphis is equivalent to the national average, providing a stable financial standing for residents.

Job Market Context

1,320

Total Jobs

2.133

Per 1K Jobs

0.97

Location Quotient

Below Average

Memphis, TN-MS-AR has 0.97x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

With a Location Quotient of 0.97, the job market for Tellers in Memphis, TN-MS-AR is very close to the national average concentration. This indicates a balanced market where the number of Tellers relative to the overall workforce is neither significantly higher nor lower than the national trend, suggesting a steady demand without excessive competition.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Jonesboro, AR Tellers Salary$33,970↓ 14%64 mi
Jackson, TN Tellers Salary$36,830↓ 6%74 mi

Comparing salaries near Memphis, TN-MS-AR

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Memphis, TN-MS-AR?

The median annual salary for a Tellers in Memphis, TN-MS-AR is $39,390. This typically ranges from $30,890 for entry-level positions to $46,530 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Memphis, TN-MS-AR is 3.8% lower than the national median of $40,940.

Is Memphis, TN-MS-AR a lucrative place for Tellers?

No, but it's stable.The average salary for Tellers in Memphis is slightly below the national average, but the cost of living is also at the national average, making the compensation comparable in terms of purchasing power.

Is Memphis, TN-MS-AR a good place to live for Tellers?

The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Memphis, TN-MS-AR?

Some top paying nearby cities include Jonesboro, AR ($33,970) and Jackson, TN.

How does the number of Tellers in Memphis compare nationally?

Memphis has 2.133 Tellers per 1,000 workers, which is very close to the national average, indicating a similar level of employment for this role.

What is the total number of Tellers in Memphis?

The Memphis, TN-MS-AR area employs approximately 1,320 Tellers.

How does Memphis's cost of living affect a Teller's salary?

Memphis has a Cost of Living Index of 100, meaning it matches the national average. Therefore, the $39,390 salary offers average purchasing power compared to the rest of the country.

Is the Teller job market in Memphis growing?

While specific growth rates aren't provided, the stable Location Quotient suggests a consistent demand for Tellers in the Memphis area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,320 employees in the Memphis, TN-MS-AR area with a job density of 2.133 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 Memphis, TN-MS-AR