Average Tellers Salary in Palm Bay-Melbourne-Titusville, FL
Tellers in the Palm Bay-Melbourne-Titusville, FL area earn an average annual salary of $42,580. This figure slightly surpasses the national average of $40,940, indicating a localized premium for the role. Factors such as regional economic conditions and the specific demand within the Florida market likely contribute to this compensation differential.
Executive Summary
- Average Salary: $42,580 per year.
- Growth Trend: Salaries have shifted 23.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,170.
- Outlook: With a local workforce of 340 Tellers and a Location Quotient of 0.64, the job market in Palm Bay-Melbourne-Titusville, FL, suggests a moderately concentrated but not overwhelmingly abundant presence of this profession. While the concentration is below the national average, the presence of 1.401 jobs per 1,000 workers indicates consistent, albeit not exceptionally high, demand for Tellers in the region.
Salary Overview
The average Tellers in Palm Bay-Melbourne-Titusville, FL earns+4.0%above the national average.
$20.5
$819
$3,548
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Palm Bay-Melbourne-Titusville, FL is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving teller responsibilities likely contribute to modest annual salary growth for these professionals.
Tellers Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Salary progression for Tellers in Palm Bay-Melbourne-Titusville, FL, typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries significantly above the average. The percentile gaps in earnings clearly signify the career progression and increased earning potential available to Tellers as they advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,530 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,935 | $15.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,750 | $21 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,225 | $25.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,170 | $22.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$42,580
Gross Pay
Real Wage (Purchasing Power)
$42,580
Adjusted for COL (100)
The average annual salary of $42,580 for Tellers in Palm Bay-Melbourne-Titusville, FL, 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 comparable to the national average, suggesting that the slightly higher nominal salary effectively balances out the cost of living.
Job Market Context
340
Total Jobs
1.401
Per 1K Jobs
0.64
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 0.64x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.64 for Tellers in Palm Bay-Melbourne-Titusville, FL, indicates that the concentration of this profession is lower than the national average. This suggests that while Tellers are present and employed in the area, the market is not saturated, and there may be opportunities for skilled individuals, though competition might be less intense than in areas with a higher LQ.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Sebastian-Vero Beach-West Vero Corridor, FL Tellers Salary | $41,020↓ 4% | 17 mi |
| Port St. Lucie, FL Tellers Salary | $43,110↑ 1% | 50 mi |
| Sebring, FL Tellers Salary | $41,250↓ 3% | 59 mi |
| Orlando-Kissimmee-Sanford, FL Tellers Salary | $42,480↓ 0% | 59 mi |
| North Florida nonmetropolitan area Tellers Salary | $41,730↓ 2% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Tellers in Palm Bay-Melbourne-Titusville, FL is $42,580. This typically ranges from $37,530 for entry-level positions to $46,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 4.0% higher than the national median of $40,940.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Tellers?
Yes, moderately so.Tellers in this Florida region earn slightly above the national average salary. Coupled with a Cost of Living Index that matches the national average, the compensation offers comparable purchasing power.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Tellers?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($41,020) and Port St. Lucie, FL.
How does the Teller salary in Palm Bay-Melbourne-Titusville compare to the national average?
The average annual salary for Tellers in Palm Bay-Melbourne-Titusville, FL is $42,580, which is higher than the national average of $40,940.
What is the Cost of Living in Palm Bay-Melbourne-Titusville, FL?
The Cost of Living Index for Palm Bay-Melbourne-Titusville, FL is 100, which is exactly the national average.
Is there high demand for Tellers in this area?
With 1.401 jobs per 1,000 workers, there is a consistent, though not exceptionally high, demand for Tellers in the Palm Bay-Melbourne-Titusville, FL area.
How concentrated is the Teller job market in Palm Bay-Melbourne-Titusville, FL?
The Teller job market in Palm Bay-Melbourne-Titusville, FL has a Location Quotient of 0.64, indicating it is less concentrated than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 1.401 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 Palm Bay-Melbourne-Titusville, FL