Average Tellers Salary in Northwest Iowa nonmetropolitan area
Tellers in the Northwest Iowa nonmetropolitan area earn an average annual salary of $39,380. This figure is slightly below the national average of $40,940, a common occurrence in nonmetropolitan regions where operational costs and market demand can influence compensation structures. The specific economic landscape and banking industry concentration in this part of Iowa shape the earning potential for these essential financial service professionals.
Executive Summary
- Average Salary: $39,380 per year.
- Growth Trend: Salaries have shifted 25.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,400.
- Outlook: With a local workforce of 650 Tellers, Northwest Iowa presents a stable, albeit specialized, job market. The Location Quotient of 2.02 indicates a significant concentration of Teller positions relative to the national average, suggesting a robust demand for these roles within the region's financial institutions. This higher-than-average concentration points to a healthy and potentially growing employment sector for Tellers in this nonmetropolitan area.
Salary Overview
The average Tellers in Northwest Iowa nonmetropolitan area earns-3.8%below the national average.
$18.9
$757
$3,282
Tellers Salary Trends (2020-2024)
While specific historical data for this localized sector is not provided, it is reasonable to assume that Teller salaries in Northwest Iowa have experienced gradual growth over the past four years, mirroring broader economic trends and inflation adjustments. The banking industry, while evolving, continues to rely on frontline staff, suggesting a consistent, albeit modest, upward trajectory for compensation in this role.
Tellers Salary Distribution in Northwest Iowa nonmetropolitan area
Career progression for Tellers typically involves a noticeable salary increase with experience. Entry-level positions often fall within the lower percentiles of the salary range, while seasoned professionals with extensive knowledge of banking procedures, customer service, and potentially supervisory duties can command salaries in the higher percentiles. The gap between entry-level and senior Teller salaries signifies a clear path for career advancement and increased earning potential within the financial sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,230 | $16.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,535 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,250 | $18.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,225 | $23.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,400 | $22.3 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$39,380
Gross Pay
Real Wage (Purchasing Power)
$39,380
Adjusted for COL (100)
The average annual salary of $39,380 for Tellers in Northwest Iowa aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by Tellers in this region holds its purchasing power directly in line with the national standard, offering a stable financial footing for residents without the added financial pressure of a higher cost of living.
Job Market Context
650
Total Jobs
4.446
Per 1K Jobs
2.02
Location Quotient
Northwest Iowa nonmetropolitan area has 2.0x 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 2.02 for Tellers in Northwest Iowa signifies that this region has more than double the concentration of these jobs compared to the national average. This indicates a highly specialized and potentially competitive market, where local banks have a greater reliance on Teller staff relative to their overall workforce size. Job seekers may find more opportunities here, but competition could also be present among qualified candidates.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Tellers Salary | $40,990↑ 4% | 21 mi |
| Des Moines-West Des Moines, IA Tellers Salary | $42,040↑ 7% | 37 mi |
| Waterloo-Cedar Falls, IA Tellers Salary | $39,170↓ 1% | 55 mi |
| Cedar Rapids, IA Tellers Salary | $40,100↑ 2% | 79 mi |
| Iowa City, IA Tellers Salary | $42,170↑ 7% | 90 mi |
Comparing salaries near Northwest Iowa nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Northwest Iowa nonmetropolitan area?
The median annual salary for a Tellers in Northwest Iowa nonmetropolitan area is $39,380. This typically ranges from $35,230 for entry-level positions to $46,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Iowa nonmetropolitan area is 3.8% lower than the national median of $40,940.
Is Northwest Iowa nonmetropolitan area a lucrative place for Tellers?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average Teller salary of $39,380 is below the national average of $40,940. The high concentration of jobs suggests demand, but not necessarily higher pay.
Is Northwest Iowa nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northwest Iowa nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Iowa nonmetropolitan area?
Some top paying nearby cities include Ames, IA ($40,990) and Des Moines-West Des Moines, IA.
What is the average salary for a Teller in Northwest Iowa?
The average annual salary for a Teller in Northwest Iowa is $39,380.
How does the Northwest Iowa Teller salary compare to the national average?
The average salary in Northwest Iowa ($39,380) is slightly lower than the national average ($40,940).
What does a Location Quotient of 2.02 mean for Tellers in Northwest Iowa?
A Location Quotient of 2.02 indicates that Tellers are more than twice as concentrated in Northwest Iowa compared to the national average, suggesting a strong regional demand for this profession.
How does the cost of living in Northwest Iowa affect Teller salaries?
Northwest Iowa has a Cost of Living Index of 100, which is the national average. This means the $39,380 salary has purchasing power equivalent to the national average, making it relatively stable.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 650 employees in the Northwest Iowa nonmetropolitan area area with a job density of 4.446 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 Iowa nonmetropolitan area