Average Tellers Salary in Monroe, LA
In Monroe, Louisiana, Tellers can expect an average annual salary of $33,950. This figure falls below the national average of $40,940, indicating a localized pay scale influenced by regional economic factors and the specific demand within the Monroe area. The cost of living in Monroe aligns perfectly with the national average, suggesting that while nominal wages are lower, purchasing power may remain relatively stable.
Executive Summary
- Average Salary: $33,950 per year.
- Growth Trend: Salaries have shifted 18.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $41,490.
- Outlook: The Tellers job market in Monroe, LA, shows a notable concentration, with a Location Quotient of 1.71, significantly exceeding the national average. This suggests a higher demand for Tellers relative to the national landscape, despite a total local workforce of 330. The presence of 3.758 Tellers jobs per 1,000 workers further underscores this localized demand, pointing to a potentially robust employment environment for these professionals within the city.
Salary Overview
The average Tellers in Monroe, LA earns-17.1%below the national average.
$16.3
$653
$2,829
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers salaries in Monroe is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic patterns. Factors such as inflation, evolving banking technologies, and shifts in consumer behavior likely contribute to gradual salary increases, aiming to keep pace with the cost of living and retain skilled personnel within the local financial sector.
Tellers Salary Distribution in Monroe, LA
Salary progression for Tellers in Monroe, LA, typically correlates with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with several years of experience and specialized skills can command higher salaries. The percentile gaps between junior and senior roles signify clear career progression pathways, rewarding accumulated expertise and responsibility within financial institutions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,700 | $13.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,463 | $12.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $34,850 | $16.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,438 | $20.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $41,490 | $19.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$33,950
Gross Pay
Real Wage (Purchasing Power)
$33,950
Adjusted for COL (100)
The average Tellers salary of $33,950 in Monroe, LA, is directly comparable to the national average cost of living, which is indexed at 100. This means that the nominal income earned by Tellers in Monroe holds purchasing power equivalent to the national average. While the salary is lower than the national average, the stable cost of living suggests that the real value of the salary is not significantly diminished within the local economic context.
Job Market Context
330
Total Jobs
3.758
Per 1K Jobs
1.71
Location Quotient
Monroe, LA has 1.7x 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.
Monroe, LA, exhibits a strong concentration of Tellers, as evidenced by a Location Quotient of 1.71. This indicates that Tellers are more prevalent in Monroe than in the average U.S. location, suggesting a specialized or high-demand market for these roles within the city. While this concentration points to opportunity, it also implies a potentially competitive landscape for Tellers seeking employment.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Tellers Salary | $34,950↑ 3% | 88 mi |
| Southwest Louisiana nonmetropolitan area Tellers Salary | $31,730↓ 7% | 94 mi |
| Central Louisiana nonmetropolitan area Tellers Salary | $32,440↓ 4% | 94 mi |
| Northeast Louisiana nonmetropolitan area Tellers Salary | $32,760↓ 4% | 94 mi |
Comparing salaries near Monroe, LA
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Monroe, LA?
The median annual salary for a Tellers in Monroe, LA is $33,950. This typically ranges from $27,700 for entry-level positions to $41,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 17.1% lower than the national median of $40,940.
Is Monroe, LA a lucrative place for Tellers?
No, but the cost of living offers stability.The average Tellers salary of $33,950 in Monroe, LA, is below the national average. However, with a cost of living index matching the national average, the purchasing power of this salary remains comparable.
Is Monroe, LA a good place to live for Tellers?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($34,950) and Southwest Louisiana nonmetropolitan area.
How does Monroe's Tellers salary compare to the national average?
The average Tellers salary in Monroe, LA, is $33,950, which is lower than the national average of $40,940.
What is the concentration of Tellers in Monroe, LA?
Monroe, LA has a Tellers concentration (Location Quotient) of 1.71, meaning Tellers are more prevalent there than the national average.
How does the cost of living in Monroe, LA affect Tellers' earnings?
Monroe, LA has a cost of living index of 100, which is the national average. This means the $33,950 salary has purchasing power equivalent to the national average, despite being lower than the national salary figure.
What does the number of Tellers jobs per 1,000 workers indicate for Monroe, LA?
With 3.758 Tellers jobs per 1,000 workers, Monroe, LA shows a higher-than-average demand for Tellers relative to its overall workforce size.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Monroe, LA area with a job density of 3.758 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 Monroe, LA