Average Tellers Salary in Northwest Illinois nonmetropolitan area
Tellers in the Northwest Illinois nonmetropolitan area earn an average annual salary of $37,070. This figure is notably below the national average of $40,940, suggesting that regional economic factors and a potentially lower demand for banking services contribute to this pay scale. The specific economic landscape of this nonmetropolitan region plays a significant role in shaping compensation for financial service roles.
Executive Summary
- Average Salary: $37,070 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,440.
- Outlook: The job market for Tellers in Northwest Illinois is characterized by a substantial local workforce of 730 individuals and a high Location Quotient of 2.57. This indicates a significantly higher concentration of Teller positions in this area compared to the national average, suggesting a robust and potentially growing demand for these professionals within the region's financial sector.
Salary Overview
The average Tellers in Northwest Illinois nonmetropolitan area earns-9.5%below the national average.
$17.8
$713
$3,089
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in Northwest Illinois have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory would likely be influenced by factors such as increased cost of living, evolving banking technologies, and the need to retain skilled personnel in a region with a concentrated demand for these roles.
Tellers Salary Distribution in Northwest Illinois nonmetropolitan area
Career progression for Tellers in Northwest Illinois typically involves a salary increase with experience. Entry-level positions may start closer to 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) | $30,800 | $14.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,803 | $13.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,240 | $17.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $46,338 | $22.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,440 | $21.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$37,070
Gross Pay
Real Wage (Purchasing Power)
$37,070
Adjusted for COL (100)
The average annual salary of $37,070 in Northwest Illinois 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 equivalent to the national average, indicating that while the nominal salary is lower than the national average, the cost of essential goods and services is also at par, making the effective income comparable.
Job Market Context
730
Total Jobs
5.658
Per 1K Jobs
2.57
Location Quotient
Northwest Illinois nonmetropolitan area has 2.6x 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 2.57, Northwest Illinois exhibits a significantly higher concentration of Teller jobs than the national average. This indicates that the job market for Tellers in this region is relatively abundant and less competitive than in metropolitan areas. The strong presence of these roles suggests a stable demand, potentially offering more opportunities for job seekers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Tellers Salary | $38,680↑ 4% | 9 mi |
| Decatur, IL Tellers Salary | $37,010↓ 0% | 34 mi |
| Champaign-Urbana, IL Tellers Salary | $37,270↑ 1% | 41 mi |
| Peoria, IL Tellers Salary | $37,910↑ 2% | 43 mi |
| Springfield, IL Tellers Salary | $38,210↑ 3% | 53 mi |
Comparing salaries near Northwest Illinois nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Northwest Illinois nonmetropolitan area?
The median annual salary for a Tellers in Northwest Illinois nonmetropolitan area is $37,070. This typically ranges from $30,800 for entry-level positions to $44,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Illinois nonmetropolitan area is 9.5% lower than the national median of $40,940.
Is Northwest Illinois nonmetropolitan area a lucrative place for Tellers?
No, it is not considered lucrative compared to the national average.Tellers in this region earn below the national average salary, although the cost of living is also at the national average. This means their effective income is comparable, but the nominal pay is lower.
Is Northwest Illinois nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northwest Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($38,680) and Decatur, IL.
How does the Teller salary in Northwest Illinois compare to the national average?
The average annual salary for Tellers in Northwest Illinois is $37,070, which is lower than the national average of $40,940.
What is the concentration of Teller jobs in Northwest Illinois?
Northwest Illinois has a high concentration of Teller jobs, indicated by a Location Quotient of 2.57, meaning there are significantly more Teller positions relative to the workforce compared to the national average.
How does the cost of living affect the Teller salary in Northwest Illinois?
The cost of living in Northwest Illinois is at the national average (100), meaning the lower nominal salary of $37,070 has a purchasing power equivalent to the national average.
What does the job market outlook suggest for Tellers in this region?
The outlook is positive, with a substantial local workforce and a high concentration of jobs, suggesting stable or growing demand for Tellers in Northwest Illinois.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 730 employees in the Northwest Illinois nonmetropolitan area area with a job density of 5.658 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 Illinois nonmetropolitan area