Average Tellers Salary in Pennsylvania
Tellers in Pennsylvania earn an average annual salary of $39,440, which is slightly below the national average of $40,940. This marginal difference can be attributed to a variety of factors, including the specific economic landscape and demand within the state's financial sector. While not reaching the national benchmark, the Pennsylvania market offers a stable environment for these essential banking professionals.
Executive Summary
- Average Salary: $39,440 per year.
- Growth Trend: Salaries have shifted 23.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,490.
- Outlook: Pennsylvania boasts a substantial workforce of 15,580 Tellers, indicating a significant presence in the state's financial industry. With a Location Quotient of 1.18, Tellers are more concentrated in Pennsylvania than the national average, suggesting a robust and potentially growing demand for their services. The presence of 2.59 Tellers per 1,000 workers further underscores the established nature of this profession within the state.
Salary Overview
The average Tellers in Pennsylvania earns-3.7%below the national average.
$19
$758
$3,287
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers' salary growth in Pennsylvania over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic factors and inflation typically drive salary increases across most sectors, and the banking industry is no exception. Therefore, Tellers in Pennsylvania have likely experienced incremental salary growth, aligning with broader economic adjustments and potentially increasing their earning potential over time.
Tellers Salary Distribution in Pennsylvania
Salary progression for Tellers in Pennsylvania typically scales with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive knowledge of banking procedures, customer service excellence, and potentially specialized financial products will see their compensation increase significantly. The gap between entry-level and senior Tellers' salaries, often reflected in percentile data, signifies clear career advancement opportunities and the value placed on accumulated expertise within the role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,990 | $14.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,580 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,750 | $18.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,300 | $23.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,490 | $21.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$39,440
Gross Pay
Real Wage (Purchasing Power)
$39,838
Adjusted for COL (99)
The average annual salary of $39,440 for Tellers in Pennsylvania aligns closely with the state's Cost of Living Index of 99, which is precisely at the national average. This means that the nominal salary earned by Tellers in Pennsylvania holds its purchasing power very effectively when compared to the rest of the United States. Individuals relocating to or working within Pennsylvania can expect their earnings to cover essential expenses at a rate comparable to the national standard.
Job Market Context
15,580
Total Jobs
2.59
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Pennsylvania has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
Pennsylvania's Location Quotient of 1.18 for Tellers indicates a higher concentration of these roles compared to the national average. This suggests that the job market for Tellers in Pennsylvania is relatively abundant and potentially more competitive than in other states. Employers may have a larger pool of candidates to draw from, but the increased demand also signifies a stable and active sector for Teller positions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Williamsport, PA Tellers Salary | $36,740↓ 7% | 9 mi |
| State College, PA Tellers Salary | $39,280↓ 0% | 45 mi |
| Elmira, NY Tellers Salary | $39,460↑ 0% | 65 mi |
| Harrisburg-Carlisle, PA Tellers Salary | $40,790↑ 3% | 66 mi |
| Lebanon, PA Tellers Salary | $38,530↓ 2% | 72 mi |
Comparing salaries near Pennsylvania
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Pennsylvania?
The median annual salary for a Tellers in Pennsylvania is $39,440. This typically ranges from $30,990 for entry-level positions to $45,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pennsylvania is 3.7% lower than the national median of $40,940.
Is Pennsylvania a lucrative place for Tellers?
Yes, Pennsylvania offers a competitive environment for Tellers.While the average salary is slightly below the national average, the cost of living is also at the national average, meaning purchasing power is maintained. Furthermore, the higher concentration of Teller roles suggests strong demand.
Is Pennsylvania a good place to live for Tellers?
With a Cost of Living Index of 99 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Pennsylvania?
Some top paying nearby cities include Williamsport, PA ($36,740) and State College, PA.
How does experience affect a Teller's salary in Pennsylvania?
Experience is a key driver of salary increases for Tellers in Pennsylvania. As professionals gain more experience, develop advanced customer service skills, and potentially acquire specialized knowledge, their earning potential grows significantly, moving from entry-level wages to higher compensation brackets.
What is the significance of the Location Quotient for Tellers in Pennsylvania?
A Location Quotient of 1.18 means Tellers are 18% more concentrated in Pennsylvania than the national average. This indicates a strong presence and potentially higher demand for Teller services within the state's economy.
How does Pennsylvania's cost of living compare to the national average for Tellers?
Pennsylvania's Cost of Living Index is 99, which is exactly the national average (100). This means that the $39,440 average salary for Tellers in Pennsylvania has a purchasing power equivalent to the national average.
Are there many Teller jobs in Pennsylvania?
Yes, with a total local workforce of 15,580 Tellers and 2.59 jobs per 1,000 workers, Pennsylvania has a substantial number of Teller positions available, reflecting a robust job market for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 15,580 employees in the Pennsylvania area with a job density of 2.59 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 Pennsylvania