Average Tellers Salary in North Arkansas nonmetropolitan area
Tellers in the North Arkansas nonmetropolitan area earn an average annual salary of $34,170. This figure is notably below the national average of $40,940, reflecting regional economic factors and potentially a lower cost of doing business. The specific pay scales in this area are influenced by local demand, the presence of financial institutions, and the overall economic landscape of nonmetropolitan Arkansas.
Executive Summary
- Average Salary: $34,170 per year.
- Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $36,890.
- Outlook: The North Arkansas nonmetropolitan area supports a dedicated workforce of 630 Tellers, indicating a stable, albeit localized, demand for these financial service professionals. With a Location Quotient of 2.42, this region exhibits a significantly higher concentration of Teller positions compared to the national average, suggesting a robust local market where Tellers play a crucial role in community banking.
Salary Overview
The average Tellers in North Arkansas nonmetropolitan area earns-16.5%below the national average.
$16.4
$657
$2,848
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in the North Arkansas nonmetropolitan area have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This growth would likely be influenced by the evolving needs of local financial institutions and the broader economic health of the region.
Tellers Salary Distribution in North Arkansas nonmetropolitan area
Career progression for Tellers typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command higher salaries. The percentile gaps in salary distribution signify clear opportunities for career advancement and increased earning potential within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,600 | $13.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,628 | $12.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,050 | $17.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,713 | $20.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $36,890 | $17.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,170
Gross Pay
Real Wage (Purchasing Power)
$34,170
Adjusted for COL (100)
The nominal average annual salary of $34,170 in North Arkansas aligns precisely with the national average Cost of Living Index of 100. This means that while the absolute salary is lower than the national average, the purchasing power of a Teller's earnings in this region is comparable to the national standard, making the lower nominal wage more palatable.
Job Market Context
630
Total Jobs
5.326
Per 1K Jobs
2.42
Location Quotient
North Arkansas nonmetropolitan area has 2.4x 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 2.42 for Tellers in the North Arkansas nonmetropolitan area signifies a substantial concentration of these roles relative to the national average. This indicates that Tellers are a more prevalent occupation in this region, suggesting a potentially competitive job market for new entrants but also a strong presence and demand from local financial institutions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Tellers Salary | $34,380↑ 1% | 17 mi |
| Hot Springs, AR Tellers Salary | $32,140↓ 6% | 51 mi |
Comparing salaries near North Arkansas nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in North Arkansas nonmetropolitan area?
The median annual salary for a Tellers in North Arkansas nonmetropolitan area is $34,170. This typically ranges from $28,600 for entry-level positions to $36,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Arkansas nonmetropolitan area is 16.5% lower than the national median of $40,940.
Is North Arkansas nonmetropolitan area a lucrative place for Tellers?
No, it is not a lucrative place for Tellers compared to the national average.The average Teller salary in North Arkansas ($34,170) is significantly lower than the national average ($40,940). However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is North Arkansas nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in North Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($34,380) and Hot Springs, AR.
How does the number of Tellers in North Arkansas compare nationally?
With 5.326 jobs per 1,000 workers, the North Arkansas nonmetropolitan area has a higher concentration of Teller positions than the national average, as indicated by its Location Quotient of 2.42.
What is the total number of Tellers in the North Arkansas nonmetropolitan area?
The total local workforce for Tellers in the North Arkansas nonmetropolitan area consists of 630 individuals.
How does the cost of living in North Arkansas affect Teller salaries?
The cost of living in North Arkansas is at the national average (100), meaning that despite a lower nominal salary compared to the national average, the real purchasing power of a Teller's income is similar.
What does a Location Quotient of 2.42 mean for Tellers in North Arkansas?
A Location Quotient of 2.42 indicates that Teller positions are more than twice as concentrated in North Arkansas compared to the national average, suggesting a higher relative demand for these roles in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the North Arkansas nonmetropolitan area area with a job density of 5.326 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 North Arkansas nonmetropolitan area