Average Tellers Salary in Northwest Alabama nonmetropolitan area
Tellers in the Northwest Alabama nonmetropolitan area earn an average annual salary of $32,770. This figure is notably below the national average of $40,940, reflecting the economic landscape and specific demand for banking services in this region. Localized economic factors and the concentration of financial institutions significantly influence compensation levels.
Executive Summary
- Average Salary: $32,770 per year.
- Growth Trend: Salaries have shifted 14.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $40,720.
- Outlook: The job market for Tellers in Northwest Alabama appears robust, with a total local workforce of 350 individuals in this role. The Location Quotient of 2.35 indicates a significantly higher concentration of Teller positions compared to the national average, suggesting strong local demand and a specialized need for these professionals within the area's economy.
Salary Overview
The average Tellers in Northwest Alabama nonmetropolitan area earns-20.0%below the national average.
$15.8
$630
$2,731
Tellers Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries for Tellers, like many roles, have experienced a gradual upward trend over the past four years. This growth is typically driven by inflation, increased demand for financial services, and evolving skill requirements within the banking sector.
Tellers Salary Distribution in Northwest Alabama 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 higher salaries. The percentile gaps in salary distribution signify clear opportunities for career advancement and increased earning potential within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,340 | $13.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $24,578 | $11.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $31,840 | $15.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $40,963 | $19.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $40,720 | $19.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$32,770
Gross Pay
Real Wage (Purchasing Power)
$32,770
Adjusted for COL (100)
The nominal average annual salary of $32,770 in Northwest Alabama aligns precisely with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the cost of essential goods and services is also at the national average, suggesting that the purchasing power of a Teller's salary in this region is comparable to the national standard.
Job Market Context
350
Total Jobs
5.161
Per 1K Jobs
2.35
Location Quotient
Northwest Alabama nonmetropolitan area has 2.4x 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 2.35, Northwest Alabama exhibits a significantly higher concentration of Teller jobs relative to its population compared to the national average. This indicates a more abundant job market for Tellers in this specific nonmetropolitan area, suggesting that opportunities may be more readily available and competition could be less intense than in areas with a lower LQ.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Tellers Salary | $37,470↑ 14% | 44 mi |
| Birmingham, AL Tellers Salary | $39,200↑ 20% | 50 mi |
| Tuscaloosa, AL Tellers Salary | $36,290↑ 11% | 52 mi |
| Auburn-Opelika, AL Tellers Salary | $37,780↑ 15% | 77 mi |
| Anniston-Oxford, AL Tellers Salary | $34,590↑ 6% | 82 mi |
Comparing salaries near Northwest Alabama nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Northwest Alabama nonmetropolitan area?
The median annual salary for a Tellers in Northwest Alabama nonmetropolitan area is $32,770. This typically ranges from $27,340 for entry-level positions to $40,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Alabama nonmetropolitan area is 20.0% lower than the national median of $40,940.
Is Northwest Alabama nonmetropolitan area a lucrative place for Tellers?
No, it is not considered lucrative compared to the national average.The average Teller salary of $32,770 is substantially lower than the national average of $40,940. While the cost of living is average, the nominal salary does not offer a significant financial advantage.
Is Northwest Alabama nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northwest Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($37,470) and Birmingham, AL.
How does the local Teller salary compare to the national average?
The average annual salary for Tellers in Northwest Alabama is $32,770, which is considerably lower than the national average of $40,940.
What does the Location Quotient of 2.35 mean for Teller jobs?
A Location Quotient of 2.35 signifies that Teller jobs are more than twice as concentrated in Northwest Alabama compared to the national average, indicating a higher local demand for these roles.
How does the cost of living affect the Teller salary in this region?
With a Cost of Living Index of 100, the local cost of living is average. This means the $32,770 salary has the same purchasing power as the national average salary, despite being lower in nominal terms.
What is the total number of Tellers in Northwest Alabama?
There are approximately 350 Tellers employed in the Northwest Alabama nonmetropolitan area, representing a significant portion of the local workforce in financial services.
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 Northwest Alabama nonmetropolitan area area with a job density of 5.161 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 Northwest Alabama nonmetropolitan area