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Average Tellers Salary in Ohio

Tellers in Ohio earn an average annual salary of $42,140, which is slightly above the national average of $40,940. This favorable compensation can be attributed to a combination of factors, including the state's specific economic landscape and the demand for financial service professionals within its borders. The concentration of Tellers in Ohio also plays a role in shaping these localized pay rates.

Executive Summary

  • Average Salary: $42,140 per year.
  • Growth Trend: Salaries have shifted 31.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $48,400.
  • Outlook: Ohio presents a robust job market for Tellers, evidenced by a substantial local workforce of 15,200 individuals. The Location Quotient of 1.25 indicates a higher concentration of Tellers in Ohio compared to the national average, suggesting a strong and potentially growing demand for these roles within the state's financial sector.
2024 Market Data

Salary Overview

$42,140

The average Tellers in Ohio earns+2.9%above the national average.

BreakdownBased on 40h/week
Hourly

$20.3

Weekly

$810

Monthly

$3,512

Tellers Salary Distribution in Ohio

Salary progression for Tellers in Ohio typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with several years of experience and specialized skills can command significantly higher salaries. The percentile gaps in salary distribution clearly signify opportunities for career advancement and increased earning potential as Tellers develop their expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,440$17
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$31,605$15.2
ManagerOversees team, compliance, and project delivery.50% (Median)$42,990$20.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$52,675$25.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$48,400$23.3

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$42,140

Gross Pay

Real Wage (Purchasing Power)

$46,410

Adjusted for COL (90.8)

The nominal average annual salary of $42,140 in Ohio offers a strong purchasing power, especially when contrasted with the state's Cost of Living Index of 90.8, which is below the national average of 100. This means that the earned income for Tellers in Ohio can generally cover more goods and services compared to the national average, making it an economically attractive location.

Job Market Context

15,200

Total Jobs

2.75

Per 1K Jobs

1.25

Location Quotient

Above Average

With a location quotient of 1.25, Ohio has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

With a Location Quotient of 1.25, Ohio demonstrates a notable concentration of Tellers relative to the national employment landscape. This suggests that the job market for Tellers in Ohio is more abundant than the national average, potentially indicating a competitive environment for new entrants but also a healthy demand for experienced professionals within the state's financial institutions.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Mansfield, OH Tellers Salary$39,740↓ 6%29 mi
Columbus, OH Tellers Salary$42,530↑ 1%32 mi
Springfield, OH Tellers Salary$41,320↓ 2%63 mi
Sandusky, OH Tellers Salary$40,900↓ 3%73 mi
Lima, OH Tellers Salary$39,880↓ 5%75 mi

Comparing salaries near Ohio

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Ohio?

The median annual salary for a Tellers in Ohio is $42,140. This typically ranges from $35,440 for entry-level positions to $48,400 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Ohio is 2.9% higher than the national median of $40,940.

Is Ohio a lucrative place for Tellers?

Yes, Ohio offers a slightly more lucrative environment for Tellers compared to the national average.The average salary of $42,140 in Ohio surpasses the national average, and the lower cost of living further enhances the real value of this income.

Is Ohio a good place to live for Tellers?

With a Cost of Living Index of 90.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Ohio?

Some top paying nearby cities include Mansfield, OH ($39,740) and Columbus, OH.

How does Ohio's cost of living affect Teller salaries?

Ohio's Cost of Living Index of 90.8, below the national average, means that the $42,140 average salary for Tellers provides greater purchasing power than the same amount would in a higher-cost area.

What does the Location Quotient of 1.25 mean for Tellers in Ohio?

A Location Quotient of 1.25 signifies that Tellers are more concentrated in Ohio than the national average, indicating a potentially stronger demand and a more established career field within the state.

How many Tellers are employed in Ohio?

There are approximately 15,200 Tellers employed within the state of Ohio, representing a significant portion of the local workforce in the financial services sector.

Are Teller jobs common in Ohio?

Yes, with 2.75 jobs per 1,000 workers, Teller positions are relatively common in Ohio, reflecting a consistent need for these financial service roles across the state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 15,200 employees in the Ohio area with a job density of 2.75 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 Ohio