In Ponce, Puerto Rico, Tellers earn an average annual salary of $27,650. This figure is notably lower than the national average of $40,940, reflecting regional economic factors and the specific demand dynamics within the local financial sector. The cost of living in Ponce aligns perfectly with the national average, suggesting that while nominal wages are lower, purchasing power may be more comparable.
Executive Summary
- Average Salary: $27,650 per year.
- Growth Trend: Salaries have shifted 40.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $32,830.
- Outlook: The Tellers job market in Ponce, PR, shows a moderate level of concentration, with a Location Quotient of 1.41 indicating a higher presence than the national average. With a local workforce of 200 Tellers, the demand appears stable, suggesting a consistent need for these financial service professionals within the community.
Tellers Salary Trends (2020-2024)
While specific historical data for Ponce, PR is not provided, it is reasonable to assume that Tellers salaries in the region have experienced gradual growth over the past four years, mirroring national trends. Economic development and inflation typically drive modest increases in compensation for roles like Tellers, ensuring that wages keep pace with the evolving economic landscape.
Tellers Salary Distribution in Ponce, PR
Career progression for Tellers in Ponce, PR, typically involves moving from entry-level positions to more senior roles, which naturally commands higher compensation. While specific salary percentiles are not detailed, the typical salary range allows for significant earning potential increases with experience, with senior Tellers potentially earning substantially more than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $20,700 | $10 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $20,738 | $10 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $29,320 | $14.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $34,563 | $16.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $32,830 | $15.8 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$27,650
Gross Pay
Real Wage (Purchasing Power)
$27,650
Adjusted for COL (100)
The nominal salary of $27,650 for Tellers in Ponce, PR, is directly offset by a Cost of Living Index of 100, which is precisely the national average. This means that despite the lower average salary compared to the national figure, the purchasing power of a Teller's income in Ponce is effectively equivalent to that of a Teller earning the national average salary in a location with average living costs.
Job Market Context
200
Total Jobs
3.095
Per 1K Jobs
1.41
Location Quotient
With a location quotient of 1.41, Ponce, PR has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
A Location Quotient of 1.41 signifies that Tellers are more concentrated in Ponce, PR, than in the United States overall. This suggests a robust local demand for these professionals relative to the general workforce, potentially leading to a more competitive job market for employers seeking qualified candidates, while also offering more opportunities for job seekers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Puerto Rico nonmetropolitan area Tellers Salary | $25,820↓ 7% | 15 mi |
| Arecibo, PR Tellers Salary | $25,390↓ 8% | 31 mi |
| Guayama, PR Tellers Salary | $27,530↓ 0% | 34 mi |
| Mayaguez, PR Tellers Salary | $28,020↑ 1% | 34 mi |
| San Juan-Bayamon-Caguas, PR Tellers Salary | $28,600↑ 3% | 45 mi |
Comparing salaries near Ponce, PR
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Ponce, PR?
The median annual salary for a Tellers in Ponce, PR is $27,650. This typically ranges from $20,700 for entry-level positions to $32,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ponce, PR is 32.5% lower than the national median of $40,940.
Is Ponce, PR a lucrative place for Tellers?
No, but the cost of living balances it.While the average salary of $27,650 is significantly below the national average, Ponce, PR, has a Cost of Living Index of 100, matching the national average. This means the lower nominal salary offers comparable purchasing power to higher salaries in more expensive areas.
Is Ponce, PR a good place to live for Tellers?
The Cost of Living Index in Ponce, PR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ponce, PR?
Some top paying nearby cities include Puerto Rico nonmetropolitan area ($25,820) and Arecibo, PR.
How does the Ponce, PR Teller salary compare to the national average?
Tellers in Ponce, PR, earn an average of $27,650 annually, which is considerably less than the national average of $40,940.
What is the job market like for Tellers in Ponce, PR?
The job market shows a higher concentration of Tellers than the national average, indicated by a Location Quotient of 1.41, suggesting a stable demand for these roles.
Does experience impact a Teller's salary in Ponce, PR?
Yes, like most professions, experience is expected to increase a Teller's salary in Ponce, PR, with senior roles commanding higher pay than entry-level positions.
Is the cost of living high in Ponce, PR?
No, Ponce, PR, has a Cost of Living Index of 100, which is exactly the national average, indicating moderate living expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Ponce, PR area with a job density of 3.095 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Tellers Salaries by State
Top Jobs in Ponce, PR
- All Occupations Salary in Ponce, PR
- Office and Administrative Support Occupations Salary in Ponce, PR
- Sales and Related Occupations Salary in Ponce, PR
- Food Preparation and Serving Related Occupations Salary in Ponce, PR
- Educational Instruction and Library Occupations Salary in Ponce, PR
- Production Occupations Salary in Ponce, PR
- Healthcare Practitioners and Technical Occupations Salary in Ponce, PR
- Transportation and Material Moving Occupations Salary in Ponce, PR
- Building and Grounds Cleaning and Maintenance Occupations Salary in Ponce, PR
- Retail Salespersons Salary in Ponce, PR
- Browse All Jobs in Ponce, PR →
Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Ponce, PR