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Average Tellers Salary in Midland, TX

Tellers in Midland, TX earn an average annual salary of $38,570, which is slightly below the national average of $40,940. This localized pay rate is influenced by the specific economic conditions and demand within the Midland metropolitan area, reflecting the unique financial landscape of this Texas city.

Executive Summary

  • Average Salary: $38,570 per year.
  • Growth Trend: Salaries have shifted 21.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,860.
  • Outlook: With a total local workforce of 200 Tellers and a Location Quotient of 0.77, the job market in Midland, TX, indicates a slightly lower concentration of these roles compared to the national average. While not a high-demand hub, the presence of 1.699 Tellers per 1,000 workers suggests a stable, albeit not rapidly expanding, employment environment for this profession.
2024 Market Data

Salary Overview

$38,570

The average Tellers in Midland, TX earns-5.8%below the national average.

BreakdownBased on 40h/week
Hourly

$18.5

Weekly

$742

Monthly

$3,214

Tellers Salary Distribution in Midland, TX

Salary progression for Tellers in Midland, TX, typically correlates with experience. Entry-level positions will fall at the lower end of the pay scale, while seasoned professionals with extensive knowledge of banking operations, customer service, and financial products can command significantly higher salaries. The percentile gaps in earnings clearly signify career advancement opportunities and the value placed on accumulated expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$29,910$14.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$28,928$13.9
ManagerOversees team, compliance, and project delivery.50% (Median)$36,660$17.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$48,213$23.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,860$22.5

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$38,570

Gross Pay

Real Wage (Purchasing Power)

$38,570

Adjusted for COL (100)

The average annual salary of $38,570 in Midland, TX, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Midland is comparable to that of a Teller earning the national average in a location with average living expenses. Therefore, the nominal salary effectively translates to a standard standard of living locally.

Job Market Context

200

Total Jobs

1.699

Per 1K Jobs

0.77

Location Quotient

Below Average

Midland, TX has 0.77x 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.

A Location Quotient of 0.77 for Tellers in Midland, TX, suggests that the concentration of these jobs is below the national average. This implies that while Tellers are employed in the area, the market is not saturated, and the demand might be relatively stable rather than exceptionally high. It indicates a moderate level of competition for available positions.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Odessa, TX Tellers Salary$37,840↓ 2%17 mi

Comparing salaries near Midland, TX

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Midland, TX?

The median annual salary for a Tellers in Midland, TX is $38,570. This typically ranges from $29,910 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 Midland, TX is 5.8% lower than the national median of $40,940.

Is Midland, TX a lucrative place for Tellers?

No, Midland, TX is not a particularly lucrative place for Tellers compared to the national average.The average salary of $38,570 is below the national average of $40,940, and the cost of living is on par with the national average, offering no significant advantage in purchasing power.

Is Midland, TX a good place to live for Tellers?

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

Where are the highest paying cities near Midland, TX?

Some top paying nearby cities include Odessa, TX ($37,840) and others.

How does the Midland, TX Teller salary compare to the national average?

Tellers in Midland, TX, earn an average of $38,570 annually, which is approximately $2,370 less than the national average salary of $40,940.

What is the Cost of Living in Midland, TX?

Midland, TX has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the United States.

How concentrated are Teller jobs in Midland, TX?

The Location Quotient for Tellers in Midland, TX is 0.77, indicating that these jobs are less concentrated in this area compared to the national average.

What does the number of Tellers per 1,000 workers signify in Midland, TX?

With 1.699 Tellers per 1,000 workers, this metric shows the relative prevalence of the Teller occupation within Midland's overall workforce, suggesting a steady presence of these roles.

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 Midland, TX area with a job density of 1.699 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 Midland, TX