Tellers in Niles, MI, earn an average annual salary of $38,570. This figure is slightly below the national average of $40,940, suggesting that local economic factors and demand within the Niles market may influence compensation levels. While the nominal salary might seem lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $38,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,510.
- Outlook: The job market for Tellers in Niles, MI, appears robust, with a total local workforce of 300 individuals in this role. The Location Quotient of 2.28 significantly exceeds the national average, indicating a higher concentration of Teller positions relative to the general workforce in Niles compared to the rest of the country. This suggests a strong local demand for these financial service professionals.
Tellers Salary Trends (2020-2024)
While specific historical data for Niles, MI Tellers is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and inflation typically drive incremental increases in compensation for most roles, including Tellers, as businesses adapt to maintain competitive pay scales and attract talent.
Tellers Salary Distribution in Niles, MI
Career progression for Tellers typically involves moving from entry-level positions to more experienced or senior roles. As Tellers gain experience, their responsibilities often expand, leading to higher earning potential. The percentile gaps in salary distributions signify these opportunities for advancement, with senior Tellers commanding significantly higher compensation than their less experienced counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,230 | $16 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,928 | $13.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,960 | $17.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,213 | $23.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,510 | $21.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,570
Gross Pay
Real Wage (Purchasing Power)
$38,570
Adjusted for COL (100)
With an average annual salary of $38,570 and a Cost of Living Index of 100 (matching the national average), the purchasing power of a Teller's income in Niles, MI, is directly comparable to the national standard. This means that while the nominal salary is slightly lower than the national average, the cost of essential goods and services is not higher, offering a balanced financial outlook.
Job Market Context
300
Total Jobs
5.018
Per 1K Jobs
2.28
Location Quotient
Niles, MI has 2.3x 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.
The Location Quotient of 2.28 for Tellers in Niles, MI, is a strong indicator of a concentrated job market. This means that Teller positions are more than twice as common in Niles compared to the national average. Such a high concentration suggests a significant local demand for financial service professionals and potentially a competitive environment for both employers seeking talent and individuals seeking employment.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| South Bend-Mishawaka, IN-MI Tellers Salary | $39,570↑ 3% | 11 mi |
| Elkhart-Goshen, IN Tellers Salary | $40,730↑ 6% | 18 mi |
| Michigan City-La Porte, IN Tellers Salary | $38,000↓ 1% | 33 mi |
| Kalamazoo-Portage, MI Tellers Salary | $37,900↓ 2% | 45 mi |
| Battle Creek, MI Tellers Salary | $36,540↓ 5% | 61 mi |
Comparing salaries near Niles, MI
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Niles, MI?
The median annual salary for a Tellers in Niles, MI is $38,570. This typically ranges from $33,230 for entry-level positions to $45,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Niles, MI is 5.8% lower than the national median of $40,940.
Is Niles, MI a lucrative place for Tellers?
Yes, with caveats.Niles, MI presents a strong concentration of Teller jobs (LQ 2.28), indicating high local demand. While the average salary is slightly below the national average, the cost of living is also at the national average, making the purchasing power comparable.
Is Niles, MI a good place to live for Tellers?
The Cost of Living Index in Niles, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Niles, MI?
Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($39,570) and Elkhart-Goshen, IN.
How does the Niles, MI Teller salary compare to the national average?
The average annual salary for Tellers in Niles, MI is $38,570, which is slightly lower than the national average of $40,940.
What does the Location Quotient of 2.28 mean for Tellers in Niles, MI?
A Location Quotient of 2.28 signifies that Teller positions are more than twice as prevalent in Niles, MI, compared to the national average, indicating a strong local demand for this profession.
Is the cost of living in Niles, MI higher or lower than the national average?
The Cost of Living Index in Niles, MI, is 100, which is exactly the national average. This means the cost of goods and services is neither higher nor lower than the national benchmark.
What is the total number of Tellers employed in Niles, MI?
There are approximately 300 Tellers employed within the Niles, MI area, 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 300 employees in the Niles, MI area with a job density of 5.018 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 Niles, MI