Average Tellers Salary in Reading, PA
Tellers in Reading, Pennsylvania earn an average annual salary of $41,390, slightly surpassing the national average of $40,940. This marginal advantage is often influenced by local economic factors and the specific demand within the financial services sector in the Reading area. The concentration of financial institutions and the overall economic health of Berks County play a role in shaping compensation for these vital customer-facing roles.
Executive Summary
- Average Salary: $41,390 per year.
- Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,800.
- Outlook: The job market for Tellers in Reading, PA, appears stable with a local workforce of 430 individuals. The Location Quotient of 1.14 indicates a slightly higher concentration of Teller positions compared to the national average, suggesting a steady demand for these professionals within the region. While not a rapidly expanding sector, the consistent presence of these roles points to a reliable employment landscape for Tellers in Reading.
Salary Overview
The average Tellers in Reading, PA earns+1.1%above the national average.
$19.9
$796
$3,449
Tellers Salary Trends (2020-2024)
While specific historical data for Teller salary growth in Reading, PA, is not provided, it is reasonable to assume a trend of modest annual salary increases over the past four years, mirroring general wage inflation and the evolving responsibilities within the banking sector. Economic shifts and the adoption of new technologies in financial services likely contribute to gradual adjustments in compensation to retain skilled Tellers.
Tellers Salary Distribution in Reading, PA
Career progression for Tellers in Reading, PA, typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data isn't available, experienced Tellers often command higher salaries due to their proficiency in handling complex transactions, customer service expertise, and potential cross-selling abilities. The gap between entry-level and senior Teller salaries signifies a clear path for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,600 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,043 | $14.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $41,920 | $20.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $51,738 | $24.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,800 | $22 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$41,390
Gross Pay
Real Wage (Purchasing Power)
$41,390
Adjusted for COL (100)
With an average annual salary of $41,390 and a Cost of Living Index of 100, Tellers in Reading, PA, find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary in Reading is comparable to the national average, offering a stable financial footing without significant advantages or disadvantages related to local expenses.
Job Market Context
430
Total Jobs
2.511
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Reading, PA has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
The Location Quotient of 1.14 for Tellers in Reading, PA, suggests a job market that is slightly more concentrated than the national average. This indicates a healthy, albeit not overwhelmingly competitive, demand for Teller services within the local economy. While there are more Teller positions relative to the general workforce than the national norm, the market is likely balanced, offering opportunities without extreme competition.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Lebanon, PA Tellers Salary | $38,530↓ 7% | 26 mi |
| Lancaster, PA Tellers Salary | $38,970↓ 6% | 29 mi |
| Allentown-Bethlehem-Easton, PA-NJ Tellers Salary | $39,540↓ 4% | 30 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Tellers Salary | $42,530↑ 3% | 48 mi |
| York-Hanover, PA Tellers Salary | $39,920↓ 4% | 50 mi |
Comparing salaries near Reading, PA
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Reading, PA?
The median annual salary for a Tellers in Reading, PA is $41,390. This typically ranges from $36,600 for entry-level positions to $45,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Reading, PA is 1.1% higher than the national median of $40,940.
Is Reading, PA a lucrative place for Tellers?
Yes, Reading, PA offers competitive compensation for Tellers.Tellers in Reading earn slightly above the national average salary, and with a cost of living at the national average, their earnings provide good purchasing power.
Is Reading, PA a good place to live for Tellers?
The Cost of Living Index in Reading, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Reading, PA?
Some top paying nearby cities include Lebanon, PA ($38,530) and Lancaster, PA.
How does the Teller salary in Reading compare to the national average?
The average annual salary for Tellers in Reading, PA is $41,390, which is slightly higher than the national average of $40,940.
What is the Cost of Living in Reading, PA?
Reading, PA has a Cost of Living Index of 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How many Tellers work in Reading, PA?
There are approximately 430 Tellers employed in the Reading, PA area, representing 2.511 jobs per 1,000 workers.
Is the Teller job market strong in Reading, PA?
The Location Quotient of 1.14 suggests a slightly higher concentration of Teller jobs in Reading compared to the national average, indicating a stable and present 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 430 employees in the Reading, PA area with a job density of 2.511 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Tellers Salaries by State
Top Jobs in Reading, PA
- All Occupations Salary in Reading, PA
- Transportation and Material Moving Occupations Salary in Reading, PA
- Production Occupations Salary in Reading, PA
- Office and Administrative Support Occupations Salary in Reading, PA
- Food Preparation and Serving Related Occupations Salary in Reading, PA
- Sales and Related Occupations Salary in Reading, PA
- Management Occupations Salary in Reading, PA
- Healthcare Practitioners and Technical Occupations Salary in Reading, PA
- Healthcare Support Occupations Salary in Reading, PA
- Educational Instruction and Library Occupations Salary in Reading, PA
- Browse All Jobs in Reading, PA →
Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Reading, PA