Average Tellers Salary in New York-Newark-Jersey City, NY-NJ
Tellers in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an average annual salary of $46,200. This figure is notably higher than the national average of $40,940, suggesting that the dynamic economic landscape and higher operational costs within this major hub contribute to increased compensation for financial service professionals.
Executive Summary
- Average Salary: $46,200 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,630.
- Outlook: With a substantial local workforce of 17,880 Tellers, the New York-Newark-Jersey City area demonstrates a significant presence in this occupation. The Location Quotient of 0.87 indicates a concentration slightly below the national average, implying a stable but not overly saturated market, with ample opportunities for skilled professionals within this robust economic region.
Salary Overview
The average Tellers in New York-Newark-Jersey City, NY-NJ earns+12.8%above the national average.
$22.2
$888
$3,850
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in a major metropolitan area like New York-Newark-Jersey City have seen consistent growth over the past four years. Factors such as inflation, evolving banking technologies, and demand for customer service expertise likely contribute to upward salary trends, reflecting the ongoing importance of these roles.
Tellers Salary Distribution in New York-Newark-Jersey City, NY-NJ
The career trajectory for Tellers typically involves salary increases with accumulated experience. Entry-level positions often start at the lower end of the pay scale, while senior Tellers, with extensive knowledge of financial products and customer relations, command higher salaries. The percentile gaps in earnings signify clear opportunities for career progression and increased earning potential as one advances in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,310 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,650 | $16.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,200 | $22.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,750 | $27.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,630 | $27.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$46,200
Gross Pay
Real Wage (Purchasing Power)
$46,200
Adjusted for COL (100)
The average annual salary of $46,200 for Tellers in the New York-Newark-Jersey City area aligns perfectly with the national Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of that salary is equivalent to the national average, indicating that the increased earnings are offset by the standard cost of living in this region.
Job Market Context
17,880
Total Jobs
1.909
Per 1K Jobs
0.87
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.87x 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.
The Location Quotient of 0.87 for Tellers in New York-Newark-Jersey City suggests that the concentration of these jobs is slightly lower than the national average. This implies that while the market is substantial, it may be less competitive than in areas with a higher concentration, potentially offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Tellers Salary | $42,040↓ 9% | 44 mi |
| Trenton-Princeton, NJ Tellers Salary | $43,470↓ 6% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Tellers Salary | $48,680↑ 5% | 54 mi |
| New Haven, CT Tellers Salary | $46,150↓ 0% | 70 mi |
| Waterbury-Shelton, CT Tellers Salary | $45,170↓ 2% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Tellers in New York-Newark-Jersey City, NY-NJ is $46,200. This typically ranges from $37,310 for entry-level positions to $57,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 12.8% higher than the national median of $40,940.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Tellers?
Yes, it offers above-average compensation.Tellers in this region earn $46,200 annually, exceeding the national average of $40,940. However, this is balanced by a Cost of Living Index matching the national average, meaning the increased pay offers standard purchasing power.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Tellers?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($42,040) and Trenton-Princeton, NJ.
How does the Teller salary in NY-NJ compare to the national average?
Tellers in the New York-Newark-Jersey City area earn an average of $46,200 annually, which is $5,260 more than the national average of $40,940.
What is the concentration of Tellers in the NY-NJ area?
The Location Quotient for Tellers in this region is 0.87, indicating a slightly lower concentration compared to the national average.
How does the Cost of Living affect the Teller salary in NY-NJ?
The Cost of Living Index is 100, matching the national average. This means the higher nominal salary of $46,200 provides purchasing power equivalent to the national average.
What is the total number of Tellers in the NY-NJ metropolitan area?
There are approximately 17,880 Tellers employed within the New York-Newark-Jersey City, NY-NJ 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 17,880 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 1.909 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 York-Newark-Jersey City, NY-NJ