Average Tellers Salary in Northeast Maine nonmetropolitan area
Tellers in the Northeast Maine nonmetropolitan area earn an average annual salary of $39,360. This figure is slightly below the national average of $40,940, a common trend in nonmetropolitan regions where economic factors and local demand can influence compensation. The specific economic landscape and the concentration of financial institutions in this particular area of Maine contribute to this salary level.
Executive Summary
- Average Salary: $39,360 per year.
- Growth Trend: Salaries have shifted 25.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,580.
- Outlook: The job market for Tellers in the Northeast Maine nonmetropolitan area appears robust, evidenced by a total local workforce of 350 individuals. The Location Quotient of 2.5 significantly exceeds the national average, indicating a higher concentration of Teller positions relative to the general workforce in this region, suggesting consistent demand for these roles.
Salary Overview
The average Tellers in Northeast Maine nonmetropolitan area earns-3.9%below the national average.
$18.9
$757
$3,280
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in Northeast Maine nonmetropolitan areas have experienced gradual growth over the past four years, mirroring national trends of modest wage increases driven by inflation and evolving job market dynamics. This suggests a stable, albeit not explosive, upward trajectory for compensation in this role.
Tellers Salary Distribution in Northeast Maine nonmetropolitan area
Salary progression for Tellers typically scales with experience, with entry-level positions commanding lower earnings and senior roles with extensive experience and additional responsibilities earning considerably more. The percentile gaps in salary distribution, though not detailed here, would signify the earning potential as Tellers advance their careers and acquire specialized skills or supervisory duties.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,020 | $16.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,520 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,810 | $18.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,200 | $23.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,580 | $21.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$39,360
Gross Pay
Real Wage (Purchasing Power)
$39,360
Adjusted for COL (100)
The nominal salary of $39,360 in Northeast Maine nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is equivalent to the national average, indicating that the slightly lower nominal wage is offset by a comparable cost of living.
Job Market Context
350
Total Jobs
5.511
Per 1K Jobs
2.5
Location Quotient
Northeast Maine nonmetropolitan area has 2.5x 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.
With a Location Quotient of 2.5, Northeast Maine nonmetropolitan area exhibits a significantly higher concentration of Teller jobs compared to the national average. This suggests that the market is relatively abundant with opportunities for Tellers, potentially leading to a more competitive environment for job seekers but also indicating a strong demand for these financial service professionals within the local economy.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Tellers Salary | $40,890↑ 4% | 31 mi |
| Lewiston-Auburn, ME Tellers Salary | $41,270↑ 5% | 57 mi |
| Portland-South Portland, ME Tellers Salary | $42,270↑ 7% | 83 mi |
Comparing salaries near Northeast Maine nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Northeast Maine nonmetropolitan area?
The median annual salary for a Tellers in Northeast Maine nonmetropolitan area is $39,360. This typically ranges from $35,020 for entry-level positions to $45,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Maine nonmetropolitan area is 3.9% lower than the national median of $40,940.
Is Northeast Maine nonmetropolitan area a lucrative place for Tellers?
No, it is not exceptionally lucrative but offers average purchasing power.While the average salary is slightly below the national average, the cost of living is also at the national average, meaning your earnings have standard purchasing power. The high concentration of jobs suggests stability rather than high compensation.
Is Northeast Maine nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northeast Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($40,890) and Lewiston-Auburn, ME.
How does the Teller salary in Northeast Maine compare to the rest of Maine?
Without specific data for the entire state, we can infer that nonmetropolitan areas often have slightly lower average salaries than major metropolitan hubs within the same state due to differing economic scales and cost of living variations.
What factors influence Teller salaries in nonmetropolitan areas?
Salaries in nonmetropolitan areas are often influenced by local economic conditions, the number of financial institutions, the cost of living, and the overall demand for banking services within that specific region.
What is a Location Quotient and why is 2.5 significant?
A Location Quotient (LQ) measures the concentration of a particular occupation in a specific geographic area compared to the national average. An LQ of 2.5 means that Tellers are 2.5 times more concentrated in Northeast Maine nonmetropolitan area than they are nationally, indicating a strong local presence of this profession.
What does a Cost of Living Index of 100 mean for Tellers?
A Cost of Living Index of 100 signifies that the overall cost of goods and services in Northeast Maine nonmetropolitan area is the same as the national average. Therefore, the $39,360 salary provides purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Northeast Maine nonmetropolitan area area with a job density of 5.511 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 Northeast Maine nonmetropolitan area