Average Tellers Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Tellers in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area earn an average annual salary of $43,000, which is notably higher than the national average of $40,940. This pay differential is often influenced by the specific economic conditions and demand within a particular region, reflecting local market dynamics rather than just national trends.
Executive Summary
- Average Salary: $43,000 per year.
- Growth Trend: Salaries have shifted 25.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,940.
- Outlook: With a local workforce of 2,930 Tellers, the Minneapolis-St. Paul-Bloomington area demonstrates a stable presence in this sector. The location quotient of 0.69 suggests that while the concentration of Tellers is slightly below the national average, the absolute number of professionals indicates a consistent demand and a significant job market for these roles within the region.
Salary Overview
The average Tellers in Minneapolis-St. Paul-Bloomington, MN-WI earns+5.0%above the national average.
$20.7
$827
$3,583
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Tellers, like many roles in the financial services sector, have experienced steady growth over the past four years. This upward trend is typically driven by inflation, increased responsibilities, and the ongoing need for skilled financial professionals in local economies.
Tellers Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which is reflected in salary increases. While specific percentile data isn't available, it's common for experienced Tellers to earn significantly more than their junior counterparts, with salary gaps widening as individuals gain specialized skills and responsibilities, indicating clear career advancement pathways.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,160 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,250 | $15.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,730 | $21 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,750 | $25.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,940 | $22.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$43,000
Gross Pay
Real Wage (Purchasing Power)
$43,000
Adjusted for COL (100)
The average annual salary of $43,000 in Minneapolis-St. Paul-Bloomington aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Teller's salary in this metropolitan area is equivalent to the national average, suggesting a balanced economic environment where earnings effectively cover standard living expenses.
Job Market Context
2,930
Total Jobs
1.516
Per 1K Jobs
0.69
Location Quotient
Minneapolis-St. Paul-Bloomington, MN-WI has 0.69x 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 0.69 indicates that Tellers are slightly less concentrated in the Minneapolis-St. Paul-Bloomington area compared to the national average. This suggests that while the profession is present and necessary, the market may not be oversaturated, potentially offering a competitive environment for skilled Tellers seeking employment opportunities.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Tellers Salary | $40,110↓ 7% | 58 mi |
| Southeast Minnesota nonmetropolitan area Tellers Salary | $41,200↓ 4% | 58 mi |
| Southwest Minnesota nonmetropolitan area Tellers Salary | $40,020↓ 7% | 58 mi |
| Northeast Minnesota nonmetropolitan area Tellers Salary | $40,360↓ 6% | 58 mi |
| St. Cloud, MN Tellers Salary | $40,940↓ 5% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Tellers in Minneapolis-St. Paul-Bloomington, MN-WI is $43,000. This typically ranges from $37,160 for entry-level positions to $46,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 5.0% higher than the national median of $40,940.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Tellers?
Yes, with a slight edge over the national average.Tellers in this area earn approximately 5% more than the national average, and with a cost of living on par with the national average, their salary offers good purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Tellers?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($40,110) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington Teller salary compare to the national average?
The average annual salary for Tellers in Minneapolis-St. Paul-Bloomington is $43,000, which is higher than the national average of $40,940.
What is the concentration of Tellers in Minneapolis-St. Paul-Bloomington compared to the rest of the country?
The location quotient for Tellers in this area is 0.69, indicating a slightly lower concentration than the national average.
Does the cost of living affect the value of a Teller's salary in Minneapolis-St. Paul-Bloomington?
No, the cost of living index is 100, which is the national average. This means the $43,000 salary has the same purchasing power as the national average salary.
How many Tellers are employed in the Minneapolis-St. Paul-Bloomington area?
There are approximately 2,930 Tellers employed in the Minneapolis-St. Paul-Bloomington metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,930 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 1.516 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 Minneapolis-St. Paul-Bloomington, MN-WI