Average Tellers Salary in Peoria, IL
Tellers in Peoria, IL earn an average annual salary of $37,910. This figure is slightly below the national average of $40,940, indicating localized economic factors and regional demand play a significant role in compensation within this Illinois city. The specific economic landscape and the concentration of financial institutions in Peoria contribute to this pay differential.
Executive Summary
- Average Salary: $37,910 per year.
- Growth Trend: Salaries have shifted 16.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,610.
- Outlook: Peoria boasts a dedicated workforce of 490 Tellers, with a Location Quotient of 1.34, suggesting a higher concentration of these roles compared to the national average. This indicates a robust local demand for Tellers, making the job market relatively strong and stable within the city.
Salary Overview
The average Tellers in Peoria, IL earns-7.4%below the national average.
$18.2
$729
$3,159
Tellers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that Tellers salaries in Peoria have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial services, and the evolving role of Tellers within banking institutions likely contribute to this upward salary trajectory.
Tellers Salary Distribution in Peoria, IL
Career progression for Tellers in Peoria typically involves salary increases 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, reflecting a significant percentile gap that signifies substantial career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,150 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,433 | $13.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,960 | $17.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $47,388 | $22.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,610 | $22.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$37,910
Gross Pay
Real Wage (Purchasing Power)
$37,910
Adjusted for COL (100)
The average annual salary of $37,910 in Peoria aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in Peoria is comparable to the national standard, offering a stable financial environment for residents.
Job Market Context
490
Total Jobs
2.96
Per 1K Jobs
1.34
Location Quotient
With a location quotient of 1.34, Peoria, IL has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.34, Peoria demonstrates a higher concentration of Tellers than the national average. This suggests that the job market for Tellers in Peoria is more abundant and potentially more competitive than in other regions, offering ample opportunities but also requiring Tellers to be competitive.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Tellers Salary | $38,680↑ 2% | 39 mi |
| West Central Illinois nonmetropolitan area Tellers Salary | $36,080↓ 5% | 43 mi |
| East Central Illinois nonmetropolitan area Tellers Salary | $36,410↓ 4% | 43 mi |
| Northwest Illinois nonmetropolitan area Tellers Salary | $37,070↓ 2% | 43 mi |
| South Illinois nonmetropolitan area Tellers Salary | $36,530↓ 4% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Peoria, IL?
The median annual salary for a Tellers in Peoria, IL is $37,910. This typically ranges from $31,150 for entry-level positions to $46,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 7.4% lower than the national median of $40,940.
Is Peoria, IL a lucrative place for Tellers?
Yes, Peoria offers a stable earning 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. The higher concentration of Tellers also indicates consistent demand.
Is Peoria, IL a good place to live for Tellers?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($38,680) and West Central Illinois nonmetropolitan area.
How does experience affect a Teller's salary in Peoria?
Experience significantly impacts a Teller's salary in Peoria, with senior roles commanding higher pay than entry-level positions, reflecting a clear career progression path.
What does the Location Quotient of 1.34 mean for Tellers in Peoria?
A Location Quotient of 1.34 indicates that Tellers are more concentrated in Peoria than the national average, suggesting a strong local presence and demand for these professionals.
How does Peoria's cost of living compare to the national average for Tellers?
Peoria's cost of living is exactly at the national average (100), meaning a Teller's salary of $37,910 has equivalent purchasing power to the national average salary in a national average cost of living area.
Is the job market for Tellers strong in Peoria?
Yes, the job market for Tellers in Peoria appears strong, supported by a local workforce of 490 and a Location Quotient above the national average, indicating a healthy demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 490 employees in the Peoria, IL area with a job density of 2.96 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 Peoria, IL