Average Tellers Salary in Northern Indiana nonmetropolitan area
Tellers in the Northern Indiana nonmetropolitan area earn an average annual salary of $36,890. This figure is notably below the national average of $40,940, suggesting that regional economic factors and a potentially lower demand for banking services in nonmetropolitan areas contribute to this pay differential. The specific economic landscape of Northern Indiana influences compensation levels for this role.
Executive Summary
- Average Salary: $36,890 per year.
- Growth Trend: Salaries have shifted 32.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,000.
- Outlook: The local workforce for Tellers in Northern Indiana comprises approximately 980 individuals. While the total number indicates a stable presence, the Location Quotient of 2.11 suggests a significantly higher concentration of Tellers compared to the national average. This concentration implies a robust local demand or a specialized regional focus on these roles within the banking sector.
Salary Overview
The average Tellers in Northern Indiana nonmetropolitan area earns-9.9%below the national average.
$17.7
$709
$3,074
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers across the United States, including in regions like Northern Indiana, have experienced modest growth over the past four years. This growth is typically driven by inflation, increased responsibilities, and the ongoing need for financial service professionals in local communities.
Tellers Salary Distribution in Northern Indiana nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which are compensated at higher salary percentiles. While specific percentile data is unavailable, the gap between entry-level and senior Teller salaries usually signifies increased experience, specialized skills, and greater responsibilities, reflecting a clear career ladder within the banking industry.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,750 | $13.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,668 | $13.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,240 | $17.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $46,113 | $22.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,000 | $22.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,890
Gross Pay
Real Wage (Purchasing Power)
$36,890
Adjusted for COL (100)
The average annual salary of $36,890 in Northern Indiana aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned by Tellers in this region holds its purchasing power at the national standard, indicating that the lower average salary is offset by a comparable cost of living, making the effective income comparable to national averages.
Job Market Context
980
Total Jobs
4.644
Per 1K Jobs
2.11
Location Quotient
Northern Indiana nonmetropolitan area has 2.1x 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 2.11, Northern Indiana exhibits a concentration of Teller positions more than double the national average. This indicates a highly specialized market where Tellers are a more prominent and perhaps essential part of the local employment landscape. Such a high concentration suggests strong local demand or a specific industry structure favoring these roles.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Tellers Salary | $41,490↑ 12% | 8 mi |
| Kokomo, IN Tellers Salary | $40,220↑ 9% | 43 mi |
| Columbus, IN Tellers Salary | $37,840↑ 3% | 48 mi |
| Bloomington, IN Tellers Salary | $38,810↑ 5% | 49 mi |
| Lafayette-West Lafayette, IN Tellers Salary | $38,270↑ 4% | 50 mi |
Comparing salaries near Northern Indiana nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Northern Indiana nonmetropolitan area?
The median annual salary for a Tellers in Northern Indiana nonmetropolitan area is $36,890. This typically ranges from $28,750 for entry-level positions to $46,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern Indiana nonmetropolitan area is 9.9% lower than the national median of $40,940.
Is Northern Indiana nonmetropolitan area a lucrative place for Tellers?
No, not in terms of nominal salary compared to the national average.While the cost of living is at the national average, the average Teller salary of $36,890 is significantly lower than the national average of $40,940.
Is Northern Indiana nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($41,490) and Kokomo, IN.
How does the number of Tellers in Northern Indiana compare nationally?
Northern Indiana has a local workforce of 980 Tellers, and the concentration (Location Quotient) is 2.11, meaning there are more than twice the national average of Tellers per worker in this region.
What is the Cost of Living Index in Northern Indiana for Tellers?
The Cost of Living Index in Northern Indiana is 100, which is exactly the national average. This means the cost of goods and services is comparable to the rest of the country.
Does experience impact a Teller's salary in Northern Indiana?
Yes, typically experience significantly impacts salary, with senior Tellers earning more than entry-level positions, reflecting increased skills and responsibilities.
Is the Teller job market in Northern Indiana concentrated?
Yes, the market is highly concentrated, as indicated by a Location Quotient of 2.11, suggesting a greater prevalence of Teller roles relative to the overall workforce compared 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 980 employees in the Northern Indiana nonmetropolitan area area with a job density of 4.644 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 Northern Indiana nonmetropolitan area