Average Tellers Salary in Northern New Mexico nonmetropolitan area
Tellers in the Northern New Mexico nonmetropolitan area earn an average annual salary of $37,120. This figure is slightly below the national average of $40,940, a common trend in nonmetropolitan regions where the cost of doing business and the overall economic scale may influence compensation levels. Local market dynamics and the specific financial needs of the community play a significant role in setting these pay rates.
Executive Summary
- Average Salary: $37,120 per year.
- Growth Trend: Salaries have shifted 16.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,180.
- Outlook: The job market for Tellers in Northern New Mexico's nonmetropolitan areas appears stable, with a total local workforce of 200 individuals in this role. The Location Quotient of 1.11 suggests a slightly higher concentration of Teller positions compared to the national average, indicating a steady, albeit not booming, demand for these services within the region.
Salary Overview
The average Tellers in Northern New Mexico nonmetropolitan area earns-9.3%below the national average.
$17.9
$714
$3,093
Tellers Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that Teller salaries in nonmetropolitan areas like Northern New Mexico have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This slow but steady increase is typical for established roles in less dynamic economic environments.
Tellers Salary Distribution in Northern New Mexico nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, often accompanied by salary increases. While specific percentile data is unavailable, the typical salary range for Tellers can vary significantly, with junior positions earning less and experienced or supervisory roles commanding higher pay, reflecting acquired skills and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,670 | $14.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,840 | $13.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,450 | $17.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $46,400 | $22.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,180 | $21.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$37,120
Gross Pay
Real Wage (Purchasing Power)
$37,120
Adjusted for COL (100)
The nominal average annual salary of $37,120 in Northern New Mexico's nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Teller's salary in this region is equivalent to that of a Teller earning the national average salary in a national average cost-of-living area.
Job Market Context
200
Total Jobs
2.435
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Northern New Mexico nonmetropolitan area has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.11, Northern New Mexico's nonmetropolitan areas show a slightly higher concentration of Teller jobs than the national average. This suggests that while the demand is present and slightly more pronounced than elsewhere, the market is not oversaturated, offering a balanced environment for job seekers and employers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Tellers Salary | $39,700↑ 7% | 29 mi |
| Santa Fe, NM Tellers Salary | $43,360↑ 17% | 59 mi |
Comparing salaries near Northern New Mexico nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Northern New Mexico nonmetropolitan area?
The median annual salary for a Tellers in Northern New Mexico nonmetropolitan area is $37,120. This typically ranges from $30,670 for entry-level positions to $44,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern New Mexico nonmetropolitan area is 9.3% lower than the national median of $40,940.
Is Northern New Mexico nonmetropolitan area a lucrative place for Tellers?
No, it is not exceptionally lucrative, but offers average purchasing power.The average salary of $37,120 is below the national average, but the cost of living is also at the national average, resulting in equivalent purchasing power.
Is Northern New Mexico nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($39,700) and Santa Fe, NM.
How does the Teller salary compare to the national average?
The average Teller salary in Northern New Mexico's nonmetropolitan areas is $37,120, which is below the national average of $40,940.
What is the concentration of Teller jobs in this region?
The Location Quotient for Tellers in this region is 1.11, indicating a slightly higher concentration of these jobs compared to the national average.
How does the cost of living affect the Teller salary?
The Cost of Living Index is 100, which is the national average. This means the $37,120 salary has the same purchasing power as the national average salary in a national average cost-of-living area.
What is the total number of Tellers in this area?
There are approximately 200 Tellers employed in the Northern New Mexico nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Northern New Mexico nonmetropolitan area area with a job density of 2.435 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Tellers Salaries by State
Top Jobs in Northern New Mexico nonmetropolitan area
- All Occupations Salary in Northern New Mexico nonmetropolitan area
- Office and Administrative Support Occupations Salary in Northern New Mexico nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Northern New Mexico nonmetropolitan area
- Healthcare Support Occupations Salary in Northern New Mexico nonmetropolitan area
- Business and Financial Operations Occupations Salary in Northern New Mexico nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Northern New Mexico nonmetropolitan area
- Sales and Related Occupations Salary in Northern New Mexico nonmetropolitan area
- Home Health and Personal Care Aides Salary in Northern New Mexico nonmetropolitan area
- Management Occupations Salary in Northern New Mexico nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Northern New Mexico nonmetropolitan area
- Browse All Jobs in Northern New Mexico nonmetropolitan area →
Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Northern New Mexico nonmetropolitan area