Tellers in Reno, Nevada, earn an average annual salary of $43,860, which is notably higher than the national average of $40,940. This elevated pay is often influenced by the specific economic landscape and cost of living within the Reno metropolitan area, reflecting local demand and operational costs for financial institutions.
Executive Summary
- Average Salary: $43,860 per year.
- Growth Trend: Salaries have shifted 35.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,820.
- Outlook: With a local workforce of 350 Tellers and a Location Quotient of 0.59, the job market in Reno indicates a slightly lower concentration of these roles compared to the national average. While not a hub for Teller positions, the existing workforce suggests a stable demand for these essential banking professionals within the community.
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Reno is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving job responsibilities likely contribute to a gradual upward trajectory in compensation for Tellers.
Tellers Salary Distribution in Reno, NV
The salary range for Tellers in Reno, NV, typically expands with experience. Entry-level positions may start closer to the lower percentiles, while senior Tellers with extensive experience and specialized skills can command salaries in the higher percentiles. These percentile gaps highlight clear career progression pathways and increased earning potential within the Teller role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,600 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,895 | $15.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,540 | $19 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,825 | $26.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,820 | $22.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$43,860
Gross Pay
Real Wage (Purchasing Power)
$43,860
Adjusted for COL (100)
The average annual salary of $43,860 in Reno, NV, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Reno is comparable to the national average, suggesting that the higher nominal wage effectively balances out the local cost of goods and services.
Job Market Context
350
Total Jobs
1.289
Per 1K Jobs
0.59
Location Quotient
Reno, NV has 0.59x 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.
A Location Quotient of 0.59 for Tellers in Reno signifies that the concentration of these jobs is below the national average. This suggests that while opportunities exist, the market is not oversaturated, potentially offering a competitive environment for job seekers but also indicating that employers may have a slightly wider pool of candidates to choose from.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Carson City, NV Tellers Salary | $41,300↓ 6% | 28 mi |
| Yuba City, CA Tellers Salary | $44,100↑ 1% | 100 mi |
Comparing salaries near Reno, NV
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Frequently Asked Questions
How much does a Tellers make in Reno, NV?
The median annual salary for a Tellers in Reno, NV is $43,860. This typically ranges from $37,600 for entry-level positions to $46,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Reno, NV is 7.1% higher than the national median of $40,940.
Is Reno, NV a lucrative place for Tellers?
Moderately so.Tellers in Reno earn slightly above the national average salary, and with a Cost of Living Index matching the national average, their earnings hold comparable purchasing power.
Is Reno, NV a good place to live for Tellers?
The Cost of Living Index in Reno, NV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Reno, NV?
Some top paying nearby cities include Carson City, NV ($41,300) and Yuba City, CA.
What is the average salary for a Teller in Reno, NV?
The average annual salary for a Teller in Reno, NV is $43,860.
How does Reno's Teller salary compare to the national average?
Tellers in Reno earn approximately $2,920 more annually than the national average of $40,940.
What is the Cost of Living in Reno, NV?
Reno, NV has a Cost of Living Index of 100, which is the same as the national average.
How concentrated are Teller jobs in Reno compared to the rest of the US?
The Location Quotient for Tellers in Reno is 0.59, indicating that the job concentration is less than half of the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Reno, NV area with a job density of 1.289 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 Reno, NV