Average Tellers Salary in Racine-Mount Pleasant, WI
In Racine-Mount Pleasant, WI, Tellers earn an average annual salary of $40,480. This figure is slightly below the national average of $40,940, indicating a minor difference in compensation within this specific financial role. Local economic factors and the demand for banking services in the region likely contribute to this pay scale.
Executive Summary
- Average Salary: $40,480 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,650.
- Outlook: The Tellers job market in Racine-Mount Pleasant, WI, shows a healthy concentration, with a Location Quotient of 1.44, suggesting a stronger presence of these roles compared to the national average. With a local workforce of 240 Tellers and 3.173 jobs per 1,000 workers, the demand appears stable and indicates a robust local employment landscape for this profession.
Salary Overview
The average Tellers in Racine-Mount Pleasant, WI earns-1.1%below the national average.
$19.5
$778
$3,373
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Tellers salaries in Racine-Mount Pleasant, WI, have experienced modest growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles that are integral to the financial sector, especially in areas with consistent economic activity.
Tellers Salary Distribution in Racine-Mount Pleasant, WI
Salary progression for Tellers in Racine-Mount Pleasant, WI, typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps between these levels reflect the career advancement opportunities available within the role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,130 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,360 | $14.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,650 | $18.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,600 | $24.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,650 | $22.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$40,480
Gross Pay
Real Wage (Purchasing Power)
$40,480
Adjusted for COL (100)
The nominal salary of $40,480 in Racine-Mount Pleasant, WI, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Tellers salary in this area is equivalent to the national average, suggesting that the cost of goods and services is neither exceptionally high nor low relative to other parts of the country.
Job Market Context
240
Total Jobs
3.173
Per 1K Jobs
1.44
Location Quotient
With a location quotient of 1.44, Racine-Mount Pleasant, WI has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
A Location Quotient of 1.44 for Tellers in Racine-Mount Pleasant, WI, signifies a higher concentration of these jobs than the national average. This suggests that the local market has a greater demand for Tellers relative to its overall workforce, potentially leading to more job opportunities and a more competitive environment for employers seeking qualified candidates.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI Tellers Salary | $39,940↓ 1% | 10 mi |
| Milwaukee-Waukesha, WI Tellers Salary | $41,980↑ 4% | 25 mi |
| Chicago-Naperville-Elgin, IL-IN Tellers Salary | $43,320↑ 7% | 59 mi |
| Janesville-Beloit, WI Tellers Salary | $39,510↓ 2% | 61 mi |
| Sheboygan, WI Tellers Salary | $40,790↑ 1% | 70 mi |
Comparing salaries near Racine-Mount Pleasant, WI
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Racine-Mount Pleasant, WI?
The median annual salary for a Tellers in Racine-Mount Pleasant, WI is $40,480. This typically ranges from $36,130 for entry-level positions to $46,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Racine-Mount Pleasant, WI is 1.1% lower than the national median of $40,940.
Is Racine-Mount Pleasant, WI a lucrative place for Tellers?
No, not significantly more lucrative than the national average.The average salary of $40,480 is slightly below the national average, and the cost of living is exactly at the national average. While the concentration of Tellers is higher, this does not directly translate to higher pay in this specific instance.
Is Racine-Mount Pleasant, WI a good place to live for Tellers?
The Cost of Living Index in Racine-Mount Pleasant, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Racine-Mount Pleasant, WI?
Some top paying nearby cities include Kenosha, WI ($39,940) and Milwaukee-Waukesha, WI.
How does the Tellers salary in Racine-Mount Pleasant compare to the national average?
The average annual salary for Tellers in Racine-Mount Pleasant, WI, is $40,480, which is slightly lower than the national average of $40,940.
What is the concentration of Tellers in Racine-Mount Pleasant, WI?
Racine-Mount Pleasant, WI has a Location Quotient of 1.44 for Tellers, indicating a higher concentration of these jobs compared to the national average.
How does the cost of living in Racine-Mount Pleasant, WI affect a Tellers salary?
With a Cost of Living Index of 100, the same as the national average, a Tellers salary of $40,480 in Racine-Mount Pleasant, WI, has purchasing power equivalent to the national average.
What does the total local workforce size suggest about Tellers jobs in Racine-Mount Pleasant, WI?
A total local workforce of 240 Tellers suggests a moderate but established presence of this profession within Racine-Mount Pleasant, WI, contributing to the area's financial sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Racine-Mount Pleasant, WI area with a job density of 3.173 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 Racine-Mount Pleasant, WI