Average Tellers Salary in Northeast Minnesota nonmetropolitan area
The average annual salary for Tellers in the Northeast Minnesota nonmetropolitan area stands at $40,360. This figure is slightly below the national average of $40,940, indicating a minor regional adjustment in compensation. Factors such as the local economic landscape and the specific demand within this nonmetropolitan region contribute to this pay scale.
Executive Summary
- Average Salary: $40,360 per year.
- Growth Trend: Salaries have shifted 23.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,580.
- Outlook: With a local workforce of 230 Tellers, the Northeast Minnesota nonmetropolitan area exhibits a notable concentration of these professionals, as evidenced by a Location Quotient of 2.45. This suggests a demand for Tellers that is more than double the national average relative to the general workforce, pointing towards a robust job market for this role in the region.
Salary Overview
The average Tellers in Northeast Minnesota nonmetropolitan area earns-1.4%below the national average.
$19.4
$776
$3,363
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in the Northeast Minnesota nonmetropolitan area have experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by inflation, evolving banking technologies, and the consistent need for customer-facing financial services.
Tellers Salary Distribution in Northeast Minnesota nonmetropolitan area
Career progression for Tellers typically involves salary increases 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 significantly higher salaries. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,990 | $16.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,270 | $14.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,850 | $19.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,450 | $24.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,580 | $21.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$40,360
Gross Pay
Real Wage (Purchasing Power)
$40,360
Adjusted for COL (100)
The nominal average salary of $40,360 in Northeast Minnesota 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 comparable to that of a Teller earning the national average in a typical U.S. location, offering stable financial footing.
Job Market Context
230
Total Jobs
5.391
Per 1K Jobs
2.45
Location Quotient
Northeast Minnesota 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.
The Location Quotient of 2.45 for Tellers in Northeast Minnesota nonmetropolitan area signifies a highly concentrated job market. This indicates that Tellers are significantly more prevalent in this region compared to the national average, suggesting a strong local demand and potentially a competitive environment for new entrants, but also a stable presence of the profession.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Tellers Salary | $40,940↑ 1% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Tellers Salary | $43,000↑ 7% | 58 mi |
Comparing salaries near Northeast Minnesota nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Northeast Minnesota nonmetropolitan area?
The median annual salary for a Tellers in Northeast Minnesota nonmetropolitan area is $40,360. This typically ranges from $34,990 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 Minnesota nonmetropolitan area is 1.4% lower than the national median of $40,940.
Is Northeast Minnesota nonmetropolitan area a lucrative place for Tellers?
No, not significantly more lucrative than the national average.While the salary is close to the national average, it does not offer a substantial financial advantage. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Northeast Minnesota nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($40,940) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the Teller job market compare nationally in this region?
The Northeast Minnesota nonmetropolitan area has a Teller job market that is more than twice as concentrated as the national average, indicated by a Location Quotient of 2.45.
What is the average salary for a Teller in Northeast Minnesota nonmetropolitan area?
The average annual salary for Tellers in this region is $40,360, which is slightly lower than the national average of $40,940.
How does the cost of living affect a Teller's salary in this area?
The cost of living in Northeast Minnesota nonmetropolitan area is exactly at the national average (100), meaning the $40,360 salary has the same purchasing power as the national average salary.
Are there many Teller jobs in Northeast Minnesota nonmetropolitan area?
Yes, the region has 5.391 Teller jobs per 1,000 workers, which is significantly higher than the national average, indicating a strong local presence of this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Northeast Minnesota nonmetropolitan area area with a job density of 5.391 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 Minnesota nonmetropolitan area