Average Tellers Salary in New Haven, CT
Tellers in New Haven, CT, earn an average annual salary of $46,150, which is notably higher than the national average of $40,940. This localized pay differential is often influenced by the specific economic conditions and cost of living within the New Haven metropolitan area, reflecting the demand for financial service professionals in this vibrant Connecticut city.
Executive Summary
- Average Salary: $46,150 per year.
- Growth Trend: Salaries have shifted 28.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $50,000.
- Outlook: The Tellers job market in New Haven, CT, supports a local workforce of 540 professionals. With a Location Quotient of 0.86, the concentration of Tellers is slightly below the national average, suggesting a stable but not overly saturated market. The presence of 1.892 Tellers per 1,000 workers indicates a consistent demand for these essential banking roles within the community.
Salary Overview
The average Tellers in New Haven, CT earns+12.7%above the national average.
$22.2
$888
$3,846
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for roles like Tellers have seen steady growth over the past four years, driven by inflation, increased responsibilities, and evolving customer service expectations. This upward trend is likely reflected in New Haven, CT, as the financial sector adapts to economic shifts and technological advancements.
Tellers Salary Distribution in New Haven, CT
Career progression for Tellers typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive knowledge of banking procedures, customer relations, and financial products can command higher salaries. The difference between the 25th and 75th percentile salaries often signifies the earning potential gained through years of dedicated service and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,800 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,613 | $16.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,780 | $23 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,688 | $27.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $50,000 | $24 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$46,150
Gross Pay
Real Wage (Purchasing Power)
$46,150
Adjusted for COL (100)
The average annual salary of $46,150 in New Haven, CT, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Tellers salary in New Haven is equivalent to the national average, indicating that while the nominal salary is higher than the national average, the cost of goods and services is also at par, offering a balanced financial standing for residents.
Job Market Context
540
Total Jobs
1.892
Per 1K Jobs
0.86
Location Quotient
New Haven, CT has 0.86x 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 0.86 for Tellers in New Haven, CT, suggests that the employment concentration for this role is slightly less than the national average. This indicates that while Tellers are a vital part of the local financial landscape, the market is not disproportionately saturated with these professionals compared to other regions, potentially offering a competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bridgeport-Stamford-Danbury, CT Tellers Salary | $48,680↑ 5% | 16 mi |
| Waterbury-Shelton, CT Tellers Salary | $45,170↓ 2% | 18 mi |
| Connecticut nonmetropolitan area Tellers Salary | $45,310↓ 2% | 22 mi |
| Hartford-West Hartford-East Hartford, CT Tellers Salary | $45,590↓ 1% | 34 mi |
| Norwich-New London-Willimantic, CT Tellers Salary | $42,800↓ 7% | 46 mi |
Comparing salaries near New Haven, CT
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in New Haven, CT?
The median annual salary for a Tellers in New Haven, CT is $46,150. This typically ranges from $36,800 for entry-level positions to $50,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Haven, CT is 12.7% higher than the national median of $40,940.
Is New Haven, CT a lucrative place for Tellers?
Yes, New Haven, CT offers a slightly above-average earning potential for Tellers.Tellers in New Haven earn an average of $46,150 annually, surpassing the national average of $40,940. Coupled with a Cost of Living Index at the national average, this salary provides solid purchasing power within the city.
Is New Haven, CT a good place to live for Tellers?
The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Haven, CT?
Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($48,680) and Waterbury-Shelton, CT.
How does the New Haven Tellers salary compare to the national average?
The average annual salary for Tellers in New Haven, CT, is $46,150, which is approximately 12.7% higher than the national average of $40,940.
What is the concentration of Tellers in New Haven, CT?
New Haven, CT has a Location Quotient of 0.86 for Tellers, indicating that the concentration of these jobs is slightly lower than the national average.
How does the Cost of Living in New Haven affect a Tellers salary?
The Cost of Living Index in New Haven is 100, which is the national average. This means the higher nominal salary for Tellers in New Haven offers purchasing power equivalent to the national average.
What is the total number of Tellers employed in New Haven, CT?
There are approximately 540 Tellers employed in New Haven, CT, contributing to the local financial services sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the New Haven, CT area with a job density of 1.892 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 New Haven, CT