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Average Tellers Salary in Portland-South Portland, ME

Tellers in the Portland-South Portland, ME area earn an average annual salary of $42,270, surpassing the national average of $40,940. This slightly higher compensation reflects the specific economic conditions and demand within this particular metropolitan region, which influences local wage standards for banking professionals.

Executive Summary

  • Average Salary: $42,270 per year.
  • Growth Trend: Salaries have shifted 22.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,400.
  • Outlook: The Portland-South Portland area supports a robust local workforce of 770 Tellers. With a Location Quotient of 1.23, indicating a concentration of these roles higher than the national average, the job market demonstrates a healthy demand for banking professionals in this region.
2024 Market Data

Salary Overview

$42,270

The average Tellers in Portland-South Portland, ME earns+3.2%above the national average.

BreakdownBased on 40h/week
Hourly

$20.3

Weekly

$813

Monthly

$3,523

Tellers Salary Distribution in Portland-South Portland, ME

As Tellers gain experience, their earning potential typically increases significantly. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive knowledge and customer service expertise can command salaries well above the average. The percentile gaps in salary distributions clearly signify opportunities for career progression and higher compensation with tenure.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,920$18.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$31,703$15.2
ManagerOversees team, compliance, and project delivery.50% (Median)$42,680$20.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$52,838$25.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,400$22.3

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$42,270

Gross Pay

Real Wage (Purchasing Power)

$42,270

Adjusted for COL (100)

The average annual salary of $42,270 in Portland-South Portland, ME 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 this area is equivalent to the national standard, offering a stable financial environment for residents.

Job Market Context

770

Total Jobs

2.716

Per 1K Jobs

1.23

Location Quotient

Above Average

With a location quotient of 1.23, Portland-South Portland, ME has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

A Location Quotient of 1.23 suggests that Tellers are more concentrated in the Portland-South Portland, ME labor market than in the average U.S. metropolitan area. This indicates a slightly more competitive environment for job seekers, but also points to a strong and established presence of banking institutions actively employing these professionals.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Lewiston-Auburn, ME Tellers Salary$41,270↓ 2%29 mi
Central New Hampshire nonmetropolitan area Tellers Salary$40,520↓ 4%67 mi
Northern New Hampshire nonmetropolitan area Tellers Salary$40,340↓ 5%67 mi
Southwestern New Hampshire nonmetropolitan area Tellers Salary$39,490↓ 7%67 mi
Manchester-Nashua, NH Tellers Salary$41,620↓ 2%76 mi

Comparing salaries near Portland-South Portland, ME

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Portland-South Portland, ME?

The median annual salary for a Tellers in Portland-South Portland, ME is $42,270. This typically ranges from $37,920 for entry-level positions to $46,400 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Portland-South Portland, ME is 3.2% higher than the national median of $40,940.

Is Portland-South Portland, ME a lucrative place for Tellers?

Yes, it offers a slight advantage.Tellers in Portland-South Portland, ME earn more than the national average, and the cost of living is on par, making it a financially stable location for this profession.

Is Portland-South Portland, ME a good place to live for Tellers?

The Cost of Living Index in Portland-South Portland, ME is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Portland-South Portland, ME?

Some top paying nearby cities include Lewiston-Auburn, ME ($41,270) and Central New Hampshire nonmetropolitan area.

How does the local Teller salary compare to the national average?

The average annual salary for Tellers in Portland-South Portland, ME is $42,270, which is higher than the national average of $40,940.

What is the Cost of Living in Portland-South Portland, ME for Tellers?

The Cost of Living Index in Portland-South Portland, ME is 100, which is exactly the national average, indicating that the cost of goods and services is comparable to the rest of the country.

How many Tellers work in the Portland-South Portland, ME area?

There are approximately 770 Tellers employed within the Portland-South Portland, ME metropolitan area.

Is the concentration of Tellers higher in Portland-South Portland, ME compared to other areas?

Yes, the Location Quotient of 1.23 signifies that Tellers are more concentrated in Portland-South Portland, ME than the national average, suggesting a stronger local demand for these roles.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 770 employees in the Portland-South Portland, ME area with a job density of 2.716 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Portland-South Portland, ME

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Portland-South Portland, ME