Average Tellers Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Tellers in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area earn an average annual salary of $42,530, slightly exceeding the national average of $40,940. This localized pay differential is often influenced by the specific economic demands and cost of living within this major metropolitan region. The concentration of financial institutions and the overall economic activity contribute to this competitive compensation.
Executive Summary
- Average Salary: $42,530 per year.
- Growth Trend: Salaries have shifted 25.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $48,740.
- Outlook: With a total local workforce of 6,400 Tellers and a Location Quotient of 1.01, the job market in Philadelphia-Camden-Wilmington demonstrates a healthy and stable demand for these professionals. The concentration being just above the national average suggests a robust employment landscape where the number of Tellers is well-aligned with the needs of the financial sector in the region.
Salary Overview
The average Tellers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+3.9%above the national average.
$20.5
$818
$3,544
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in the Philadelphia-Camden-Wilmington area have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial services, and evolving job responsibilities likely contribute to a steady upward trajectory in compensation for these roles.
Tellers Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Career progression for Tellers typically involves a salary increase from entry-level to senior positions. While specific percentile data isn't available, the difference between starting salaries and those earned by experienced Tellers often signifies a significant jump in earning potential. This progression is driven by accumulated knowledge, enhanced customer service skills, and potentially supervisory responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,700 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,898 | $15.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,810 | $21.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,163 | $25.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $48,740 | $23.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$42,530
Gross Pay
Real Wage (Purchasing Power)
$42,530
Adjusted for COL (100)
The average annual salary of $42,530 in Philadelphia-Camden-Wilmington aligns perfectly with the local Cost of Living Index of 100, which is the national average. This indicates that the nominal salary offers a purchasing power equivalent to the national average, suggesting that the compensation is well-calibrated to the general cost of goods and services in the area.
Job Market Context
6,400
Total Jobs
2.229
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
The Location Quotient of 1.01 for Tellers in Philadelphia-Camden-Wilmington signifies a job market that is very close to the national average in terms of concentration. This suggests that while the demand is present and slightly above average, the market is neither oversaturated nor experiencing a significant shortage, indicating a balanced competitive environment for Teller positions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Tellers Salary | $43,470↑ 2% | 28 mi |
| Vineland, NJ Tellers Salary | $40,910↓ 4% | 35 mi |
| Allentown-Bethlehem-Easton, PA-NJ Tellers Salary | $39,540↓ 7% | 47 mi |
| Sussex Delaware nonmetropolitan area Tellers Salary | $42,530- 0% | 47 mi |
| Reading, PA Tellers Salary | $41,390↓ 3% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Tellers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $42,530. This typically ranges from $36,700 for entry-level positions to $48,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 3.9% higher than the national median of $40,940.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Tellers?
Yes, it is a slightly lucrative place for Tellers.Tellers in this region earn slightly more than the national average, and the cost of living is also at the national average, indicating good relative earning potential.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Tellers?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($43,470) and Vineland, NJ.
How does the Teller salary in Philadelphia compare to the national average?
The average annual salary for Tellers in Philadelphia-Camden-Wilmington is $42,530, which is higher than the national average of $40,940.
What is the total number of Tellers in the Philadelphia-Camden-Wilmington area?
There are approximately 6,400 Tellers employed within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area.
How concentrated are Teller jobs in Philadelphia compared to the rest of the country?
The concentration of Teller jobs in Philadelphia, indicated by a Location Quotient of 1.01, is slightly above the national average, suggesting a comparable or slightly higher demand.
Does the cost of living in Philadelphia affect the value of a Teller's salary?
The cost of living in Philadelphia is at the national average (100), meaning the average Teller salary of $42,530 provides purchasing power equivalent to 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 6,400 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 2.229 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD