SalaryNode

Average Tellers Salary in Raleigh-Cary, NC

Tellers in Raleigh-Cary, NC earn an average annual salary of $44,910, which is notably higher than the national average of $40,940. This elevated compensation reflects the specific economic dynamics and demand within the Raleigh-Cary metropolitan area, influencing the pay scale for financial service roles.

Executive Summary

  • Average Salary: $44,910 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $56,410.
  • Outlook: The Raleigh-Cary market supports a local workforce of 890 Tellers, with 1.23 jobs per 1,000 workers. While the Location Quotient of 0.56 suggests a lower concentration compared to the national average, the absolute workforce size indicates a stable presence and ongoing need for these financial professionals.
2024 Market Data

Salary Overview

$44,910

The average Tellers in Raleigh-Cary, NC earns+9.7%above the national average.

BreakdownBased on 40h/week
Hourly

$21.6

Weekly

$864

Monthly

$3,743

Tellers Salary Distribution in Raleigh-Cary, NC

Salary progression for Tellers in Raleigh-Cary typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with several years of experience and specialized skills can command salaries significantly above the average. The increasing percentile gaps highlight clear career advancement opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,840$18.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$33,683$16.2
ManagerOversees team, compliance, and project delivery.50% (Median)$43,840$21.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$56,138$27
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$56,410$27.1

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$44,910

Gross Pay

Real Wage (Purchasing Power)

$44,910

Adjusted for COL (100)

With an average annual salary of $44,910 and a Cost of Living Index at the national average of 100, Tellers in Raleigh-Cary, NC, can expect their nominal earnings to align closely with the typical U.S. cost of living. This means that while the salary is above the national average, the purchasing power of that salary is consistent with the national median.

Job Market Context

890

Total Jobs

1.23

Per 1K Jobs

0.56

Location Quotient

Below Average

Raleigh-Cary, NC has 0.56x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

The Location Quotient of 0.56 for Tellers in Raleigh-Cary indicates that the job market is less concentrated than the national average. This suggests that while Tellers are employed in the area, the demand might not be overwhelmingly high relative to other professions, potentially leading to a more balanced or slightly employer-favored hiring environment.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Durham-Chapel Hill, NC Tellers Salary$44,320↓ 1%18 mi
Rocky Mount, NC Tellers Salary$40,750↓ 9%48 mi
Goldsboro, NC Tellers Salary$44,190↓ 2%49 mi
Burlington, NC Tellers Salary$43,110↓ 4%49 mi
Fayetteville, NC Tellers Salary$42,930↓ 4%55 mi

Comparing salaries near Raleigh-Cary, NC

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Raleigh-Cary, NC?

The median annual salary for a Tellers in Raleigh-Cary, NC is $44,910. This typically ranges from $37,840 for entry-level positions to $56,410 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Raleigh-Cary, NC is 9.7% higher than the national median of $40,940.

Is Raleigh-Cary, NC a lucrative place for Tellers?

Yes, moderately so.Tellers in Raleigh-Cary earn above the national average salary, and with a Cost of Living Index at the national average, their earnings offer decent purchasing power locally.

Is Raleigh-Cary, NC a good place to live for Tellers?

The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Raleigh-Cary, NC?

Some top paying nearby cities include Durham-Chapel Hill, NC ($44,320) and Rocky Mount, NC.

How does the Raleigh-Cary Teller salary compare to the national average?

The average annual salary for Tellers in Raleigh-Cary, NC is $44,910, which is $3,970 higher than the national average of $40,940.

What is the total number of Tellers in Raleigh-Cary, NC?

There are approximately 890 Tellers employed within the Raleigh-Cary, NC metropolitan area.

Does experience impact a Teller's salary in Raleigh-Cary?

Yes, like most professions, experience significantly influences a Teller's earning potential in Raleigh-Cary, with senior roles commanding higher salaries than entry-level positions.

How does the local job market concentration affect Teller opportunities?

The Location Quotient of 0.56 suggests a lower concentration of Tellers compared to the national average, indicating a potentially less saturated but still present job market 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 890 employees in the Raleigh-Cary, NC area with a job density of 1.23 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Raleigh-Cary, NC