Average Tellers Salary in Northern West Virginia nonmetropolitan area
Tellers in the Northern West Virginia nonmetropolitan area earn an average annual salary of $30,660. This figure is notably lower than the national average of $40,940, reflecting the distinct economic landscape and compensation norms prevalent in this specific region. Factors such as local demand, cost of living, and the overall economic structure of nonmetropolitan areas contribute to this pay differential.
Executive Summary
- Average Salary: $30,660 per year.
- Growth Trend: Salaries have shifted 14.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $36,170.
- Outlook: The local job market for Tellers in Northern West Virginia is characterized by a workforce of 570 individuals. With a Location Quotient of 1.79, Tellers are more concentrated in this region than the national average, suggesting a stable, albeit not rapidly expanding, demand for these services. The number of jobs per 1,000 workers, at 3.94, indicates a consistent presence of Teller roles within the local employment ecosystem.
Salary Overview
The average Tellers in Northern West Virginia nonmetropolitan area earns-25.1%below the national average.
$14.7
$590
$2,555
Tellers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area isn't provided, it's reasonable to assume that Teller salaries in Northern West Virginia have experienced gradual growth over the past four years, mirroring general economic trends. This growth would likely be influenced by inflation, evolving banking technologies, and any shifts in local economic conditions, though perhaps at a more modest pace compared to major metropolitan hubs.
Tellers Salary Distribution in Northern West Virginia nonmetropolitan area
Career progression for Tellers typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals 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 as Tellers develop their expertise and take on more responsibilities within financial institutions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,740 | $13.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $22,995 | $11.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $28,460 | $13.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $38,325 | $18.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $36,170 | $17.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$30,660
Gross Pay
Real Wage (Purchasing Power)
$30,660
Adjusted for COL (100)
The nominal average annual salary of $30,660 in Northern West Virginia 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 that salary locally is comparable to the national average. Therefore, the lower nominal wage is effectively offset by the stable cost of living, making the financial proposition of working in this area neutral from a cost-of-living perspective.
Job Market Context
570
Total Jobs
3.94
Per 1K Jobs
1.79
Location Quotient
Northern West Virginia nonmetropolitan area has 1.8x 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.
A Location Quotient of 1.79 indicates that Tellers are significantly more concentrated in Northern West Virginia than in the nation as a whole. This suggests a higher relative demand or a more specialized market for Teller services in this nonmetropolitan area. While not necessarily indicative of intense competition, it points to a market where Teller roles are a more prominent feature of the local employment landscape compared to national averages.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Tellers Salary | $43,730↑ 43% | 25 mi |
| Richmond, VA Tellers Salary | $44,300↑ 44% | 41 mi |
| Staunton-Stuarts Draft, VA Tellers Salary | $38,890↑ 27% | 56 mi |
| Harrisonburg, VA Tellers Salary | $41,120↑ 34% | 60 mi |
| Lynchburg, VA Tellers Salary | $40,390↑ 32% | 61 mi |
Comparing salaries near Northern West Virginia nonmetropolitan area
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Frequently Asked Questions
How much does a Tellers make in Northern West Virginia nonmetropolitan area?
The median annual salary for a Tellers in Northern West Virginia nonmetropolitan area is $30,660. This typically ranges from $27,740 for entry-level positions to $36,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern West Virginia nonmetropolitan area is 25.1% lower than the national median of $40,940.
Is Northern West Virginia nonmetropolitan area a lucrative place for Tellers?
No, it is not a particularly lucrative place for Tellers.The average salary of $30,660 is substantially below the national average, despite a cost of living that matches the national average. While Tellers are more concentrated here, the lower pay scale indicates less lucrative opportunities compared to national benchmarks.
Is Northern West Virginia nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northern West Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern West Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($43,730) and Richmond, VA.
How does the Teller salary in Northern West Virginia compare to the national average?
The average annual salary for Tellers in Northern West Virginia is $30,660, which is considerably lower than the national average of $40,940.
What is the significance of the Location Quotient (LQ) for Tellers in this region?
An LQ of 1.79 means that Tellers are 79% more concentrated in Northern West Virginia than the national average, indicating a relatively higher presence and potentially stable demand for these roles in the local job market.
Does the Cost of Living in Northern West Virginia affect the perceived value of the Teller salary?
No, the Cost of Living Index is 100, which is the national average. This means the lower nominal salary of $30,660 has purchasing power equivalent to the national average, balancing out the lower wage.
How many Tellers are employed in the Northern West Virginia nonmetropolitan area?
There are approximately 570 Tellers employed in the Northern West Virginia nonmetropolitan area, representing 3.94 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 570 employees in the Northern West Virginia nonmetropolitan area area with a job density of 3.94 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 West Virginia nonmetropolitan area