Average Tellers Salary in Provo-Orem-Lehi, UT
In Provo-Orem-Lehi, UT, Tellers earn an average annual salary of $38,530. This figure is slightly below the national average of $40,940, a common occurrence in regions with specific economic drivers and a localized demand for financial services professionals. The unique economic landscape of the Provo-Orem-Lehi area influences compensation levels for these essential banking roles.
Executive Summary
- Average Salary: $38,530 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,900.
- Outlook: The Provo-Orem-Lehi area supports a local workforce of 780 Tellers, indicating a stable presence within the financial sector. With a Location Quotient of 1.19, the concentration of Tellers in this region is higher than the national average, suggesting a robust and potentially growing demand for these professionals. The presence of 2.619 Tellers per 1,000 workers further underscores the significance of this role within the local economy.
Salary Overview
The average Tellers in Provo-Orem-Lehi, UT earns-5.9%below the national average.
$18.5
$741
$3,211
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Provo-Orem-Lehi is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving banking technologies likely contribute to modest but consistent salary growth for Tellers in the region.
Tellers Salary Distribution in Provo-Orem-Lehi, UT
Career progression for Tellers in Provo-Orem-Lehi typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While exact percentile data is unavailable, it's expected that experienced Tellers, particularly those with specialized skills or supervisory responsibilities, can command salaries significantly higher than the $38,530 average, reflecting their accumulated expertise and value to financial institutions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,680 | $15.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,898 | $13.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,720 | $18.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,163 | $23.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,900 | $22.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,530
Gross Pay
Real Wage (Purchasing Power)
$38,530
Adjusted for COL (100)
The average annual salary of $38,530 for Tellers in Provo-Orem-Lehi aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is comparable to the national standard, offering a stable financial environment for residents without significant cost-of-living advantages or disadvantages.
Job Market Context
780
Total Jobs
2.619
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Provo-Orem-Lehi, UT has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
The Location Quotient of 1.19 for Tellers in Provo-Orem-Lehi signifies a job market where this profession is more concentrated than the national average. This suggests a healthy demand and a potentially competitive environment for Tellers, as the region employs a proportionally larger number of these professionals compared to other areas across the United States.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| High Desert Utah nonmetropolitan area Tellers Salary | $38,160↓ 1% | 13 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Tellers Salary | $39,840↑ 3% | 13 mi |
| Salt Lake City-Murray, UT Tellers Salary | $40,020↑ 4% | 40 mi |
| Ogden, UT Tellers Salary | $38,290↓ 1% | 70 mi |
Comparing salaries near Provo-Orem-Lehi, UT
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Provo-Orem-Lehi, UT?
The median annual salary for a Tellers in Provo-Orem-Lehi, UT is $38,530. This typically ranges from $32,680 for entry-level positions to $45,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Provo-Orem-Lehi, UT is 5.9% lower than the national median of $40,940.
Is Provo-Orem-Lehi, UT a lucrative place for Tellers?
Yes, with a stable financial environment.While the average salary of $38,530 is slightly below the national average, the local cost of living is also at the national average. The higher-than-average concentration of Teller jobs indicates a strong local market.
Is Provo-Orem-Lehi, UT a good place to live for Tellers?
The Cost of Living Index in Provo-Orem-Lehi, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Provo-Orem-Lehi, UT?
Some top paying nearby cities include High Desert Utah nonmetropolitan area ($38,160) and Wasatch Front Fringe Utah nonmetropolitan area.
How does the Provo-Orem-Lehi Teller salary compare to the national average?
The average annual salary for Tellers in Provo-Orem-Lehi, UT is $38,530, which is approximately 6% lower than the national average of $40,940.
What is the job concentration for Tellers in Provo-Orem-Lehi, UT?
The job concentration, measured by the Location Quotient, is 1.19, indicating that Tellers are more prevalent in Provo-Orem-Lehi, UT than the national average.
How does the cost of living in Provo-Orem-Lehi, UT affect Teller salaries?
The Cost of Living Index in Provo-Orem-Lehi, UT is 100, which is the national average. This means the $38,530 salary has purchasing power equivalent to the national average.
What is the total number of Tellers in the Provo-Orem-Lehi, UT workforce?
There are approximately 780 Tellers employed within the Provo-Orem-Lehi, UT metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 780 employees in the Provo-Orem-Lehi, UT area with a job density of 2.619 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Tellers Salaries by State
Top Jobs in Provo-Orem-Lehi, UT
- All Occupations Salary in Provo-Orem-Lehi, UT
- Office and Administrative Support Occupations Salary in Provo-Orem-Lehi, UT
- Sales and Related Occupations Salary in Provo-Orem-Lehi, UT
- Food Preparation and Serving Related Occupations Salary in Provo-Orem-Lehi, UT
- Management Occupations Salary in Provo-Orem-Lehi, UT
- Construction and Extraction Occupations Salary in Provo-Orem-Lehi, UT
- Educational Instruction and Library Occupations Salary in Provo-Orem-Lehi, UT
- Business and Financial Operations Occupations Salary in Provo-Orem-Lehi, UT
- Transportation and Material Moving Occupations Salary in Provo-Orem-Lehi, UT
- Production Occupations Salary in Provo-Orem-Lehi, UT
- Browse All Jobs in Provo-Orem-Lehi, UT →
Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Provo-Orem-Lehi, UT