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Average Tellers Salary in Odessa, TX

Tellers in Odessa, TX, earn an average annual salary of $37,840. This figure is slightly below the national average of $40,940, indicating localized economic factors and demand play a significant role in compensation within this Texas city. The specific financial sector needs and the overall economic landscape of Odessa contribute to this pay differential.

Executive Summary

  • Average Salary: $37,840 per year.
  • Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,180.
  • Outlook: With a total local workforce of 200 Tellers and a Location Quotient of 1.12, Odessa, TX, shows a slightly higher concentration of these roles compared to the national average. This suggests a stable, albeit not booming, demand for Tellers in the area, indicating a consistent job market for individuals in this profession.
2024 Market Data

Salary Overview

$37,840

The average Tellers in Odessa, TX earns-7.6%below the national average.

BreakdownBased on 40h/week
Hourly

$18.2

Weekly

$728

Monthly

$3,153

Tellers Salary Distribution in Odessa, TX

The career progression for Tellers in Odessa, TX, typically involves a salary increase 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 earnings signify clear opportunities for career advancement and increased earning potential within the Teller role.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$29,110$14
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$28,380$13.6
ManagerOversees team, compliance, and project delivery.50% (Median)$38,050$18.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$47,300$22.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,180$21.7

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$37,840

Gross Pay

Real Wage (Purchasing Power)

$37,840

Adjusted for COL (100)

The average annual salary of $37,840 for Tellers in Odessa, TX, 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 Odessa has purchasing power equivalent to the national average, suggesting a balanced economic environment where wages effectively cover living expenses.

Job Market Context

200

Total Jobs

2.474

Per 1K Jobs

1.12

Location Quotient

Above Average

With a location quotient of 1.12, Odessa, TX has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

Odessa, TX, exhibits a Location Quotient of 1.12 for Tellers, indicating that the concentration of these jobs is 12% higher than the national average. This suggests a slightly more competitive or abundant job market for Tellers in Odessa compared to other regions, potentially offering more opportunities but also requiring Tellers to be mindful of local market dynamics.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Midland, TX Tellers Salary$38,570↑ 2%17 mi

Comparing salaries near Odessa, TX

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Odessa, TX?

The median annual salary for a Tellers in Odessa, TX is $37,840. This typically ranges from $29,110 for entry-level positions to $45,180 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Odessa, TX is 7.6% lower than the national median of $40,940.

Is Odessa, TX a lucrative place for Tellers?

No, not significantly more lucrative than the national average.While the Cost of Living is at the national average, the average Teller salary in Odessa, TX, is slightly below the national average, suggesting it's a standard, rather than exceptionally lucrative, market.

Is Odessa, TX a good place to live for Tellers?

The Cost of Living Index in Odessa, TX is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Odessa, TX?

Some top paying nearby cities include Midland, TX ($38,570) and others.

What is the average salary for a Teller in Odessa, TX?

The average annual salary for a Teller in Odessa, TX, is $37,840.

How does the Odessa, TX Teller salary compare to the national average?

The average Teller salary in Odessa, TX ($37,840) is slightly lower than the national average of $40,940.

What is the Cost of Living in Odessa, TX compared to the national average?

Odessa, TX has a Cost of Living Index of 100, which is exactly the national average.

Is there high demand for Tellers in Odessa, TX?

With a Location Quotient of 1.12, there is a slightly higher concentration of Teller jobs in Odessa, TX, compared to the national average, suggesting a stable demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Odessa, TX area with a job density of 2.474 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Odessa, TX