Average Tellers Salary in Northwest Oklahoma nonmetropolitan area
Tellers in the Northwest Oklahoma nonmetropolitan area earn an average annual salary of $32,530. This figure is notably below the national average of $40,940, reflecting the economic landscape and potentially lower demand for banking services in this region. The specific pay rates are intrinsically tied to the local economic conditions and the overall cost of labor within this nonmetropolitan setting.
Executive Summary
- Average Salary: $32,530 per year.
- Growth Trend: Salaries have shifted 8.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $40,320.
- Outlook: The local workforce for Tellers in Northwest Oklahoma comprises approximately 550 individuals. With a Location Quotient of 2.56, this indicates a significant concentration of Teller positions relative to the national average, suggesting a robust local demand for these roles. The rate of 5.626 jobs per 1,000 workers further underscores the presence and importance of Tellers within the regional employment structure.
Salary Overview
The average Tellers in Northwest Oklahoma nonmetropolitan area earns-20.5%below the national average.
$15.6
$626
$2,711
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in nonmetropolitan areas like Northwest Oklahoma have experienced modest growth over the past four years, mirroring broader economic trends. This growth is likely influenced by inflation, evolving banking technologies, and the need to retain qualified staff, though the pace may differ from that seen in larger metropolitan centers.
Tellers Salary Distribution in Northwest Oklahoma nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which is reflected in salary increases. While specific percentile data isn't available, it's reasonable to assume that experienced Tellers command higher salaries than those just starting out. The gap between entry-level and senior Tellers' earnings signifies the value placed on accumulated knowledge, customer service skills, and potentially additional responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $24,910 | $12 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $24,398 | $11.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $31,200 | $15 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $40,663 | $19.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $40,320 | $19.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$32,530
Gross Pay
Real Wage (Purchasing Power)
$32,530
Adjusted for COL (100)
The average annual salary of $32,530 in Northwest Oklahoma aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary is equivalent to the national standard. Therefore, relocating to this area as a Teller would not result in a significant change in lifestyle costs compared to the national average.
Job Market Context
550
Total Jobs
5.626
Per 1K Jobs
2.56
Location Quotient
Northwest Oklahoma 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.
The Location Quotient of 2.56 for Tellers in Northwest Oklahoma is substantially higher than the national average of 1.0, indicating a strong concentration of these jobs in the region. This suggests that the job market for Tellers here is relatively abundant and that employers may rely more heavily on local talent pools compared to national averages, potentially leading to a more competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Tellers Salary | $37,760↑ 16% | 34 mi |
| Tulsa, OK Tellers Salary | $37,680↑ 16% | 69 mi |
| Enid, OK Tellers Salary | $34,700↑ 7% | 78 mi |
Comparing salaries near Northwest Oklahoma nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Northwest Oklahoma nonmetropolitan area?
The median annual salary for a Tellers in Northwest Oklahoma nonmetropolitan area is $32,530. This typically ranges from $24,910 for entry-level positions to $40,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Oklahoma nonmetropolitan area is 20.5% lower than the national median of $40,940.
Is Northwest Oklahoma nonmetropolitan area a lucrative place for Tellers?
No, it is not a lucrative place for Tellers compared to the national average.Tellers in this region earn significantly less than the national average salary. However, the cost of living is also at the national average, meaning purchasing power is maintained despite the lower nominal wage.
Is Northwest Oklahoma nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Northwest Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($37,760) and Tulsa, OK.
How does the Teller salary in Northwest Oklahoma compare to the national average?
The average annual salary for Tellers in Northwest Oklahoma is $32,530, which is considerably lower than the national average of $40,940.
What is the significance of the Location Quotient (LQ) for Tellers in this area?
An LQ of 2.56 signifies that Tellers are more than twice as concentrated in Northwest Oklahoma compared to the national average, indicating a higher relative demand for these roles in the region.
Does the Cost of Living Index affect the perceived value of a Teller's salary in Northwest Oklahoma?
No, the Cost of Living Index is exactly at the national average (100), meaning the lower nominal salary of $32,530 has the same purchasing power as the national average salary.
How many Tellers are employed in the Northwest Oklahoma nonmetropolitan area?
There are approximately 550 Tellers employed within the Northwest Oklahoma nonmetropolitan area, representing 5.626 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 550 employees in the Northwest Oklahoma nonmetropolitan area area with a job density of 5.626 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 Oklahoma nonmetropolitan area