SalaryNode

Average Tellers Salary in Richmond, VA

In Richmond, VA, Tellers earn an average annual salary of $44,300, which is notably higher than the national average of $40,940. This localized pay differential is influenced by a combination of regional economic factors and the specific demand for financial service professionals within the Richmond metropolitan area.

Executive Summary

  • Average Salary: $44,300 per year.
  • Growth Trend: Salaries have shifted 26.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $51,230.
  • Outlook: Richmond, VA, supports a local workforce of 930 Tellers, with a jobs-per-1,000-workers ratio of 1.425. The Location Quotient of 0.65 suggests that while Tellers are present, the concentration is slightly below the national average, indicating a stable but not oversaturated job market with consistent demand.
2024 Market Data

Salary Overview

$44,300

The average Tellers in Richmond, VA earns+8.2%above the national average.

BreakdownBased on 40h/week
Hourly

$21.3

Weekly

$852

Monthly

$3,692

Tellers Salary Distribution in Richmond, VA

Career progression for Tellers in Richmond, VA, typically involves salary increases tied to experience and skill development. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized knowledge can command salaries significantly above the average, reflecting the widening percentile gaps in compensation.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,500$17.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$33,225$16
ManagerOversees team, compliance, and project delivery.50% (Median)$45,880$22.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$55,375$26.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$51,230$24.6

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$44,300

Gross Pay

Real Wage (Purchasing Power)

$44,300

Adjusted for COL (100)

With an average annual salary of $44,300 and a Cost of Living Index of 100, Tellers in Richmond, VA, find their nominal earnings directly align with the national average cost of living. This means the purchasing power of their salary in Richmond is comparable to the national average, offering a stable financial environment.

Job Market Context

930

Total Jobs

1.425

Per 1K Jobs

0.65

Location Quotient

Below Average

Richmond, VA has 0.65x 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 0.65 for Tellers in Richmond, VA, indicates that the profession is less concentrated locally compared to the national average. This suggests that while there is a solid presence of Tellers, the market is not saturated, potentially offering good opportunities for skilled individuals seeking employment without intense competition.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Southside Virginia nonmetropolitan area Tellers Salary$40,530↓ 9%41 mi
Northern West Virginia nonmetropolitan area Tellers Salary$30,660↓ 31%41 mi
Southwest Virginia nonmetropolitan area Tellers Salary$34,470↓ 22%41 mi
Northwest Virginia nonmetropolitan area Tellers Salary$39,630↓ 11%41 mi
Southern West Virginia nonmetropolitan area Tellers Salary$30,740↓ 31%41 mi

Comparing salaries near Richmond, VA

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Richmond, VA?

The median annual salary for a Tellers in Richmond, VA is $44,300. This typically ranges from $36,500 for entry-level positions to $51,230 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Richmond, VA is 8.2% higher than the national median of $40,940.

Is Richmond, VA a lucrative place for Tellerss?

Yes, Richmond, VA offers a competitive salary for Tellers.Tellers in Richmond earn $44,300 annually, exceeding the national average, while maintaining a cost of living on par with the national average.

Is Richmond, VA a good place to live for Tellers?

The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Richmond, VA?

Some top paying nearby cities include Southside Virginia nonmetropolitan area ($40,530) and Northern West Virginia nonmetropolitan area.

How does the Richmond Tellers salary compare to the national average?

The average annual salary for Tellers in Richmond, VA is $44,300, which is approximately $3,360 higher than the national average of $40,940.

What is the concentration of Tellers jobs in Richmond, VA?

Richmond, VA has a Location Quotient of 0.65 for Tellers, meaning the concentration of these jobs is 35% lower than the national average.

How many Tellers jobs are there per 1,000 workers in Richmond, VA?

There are approximately 1.425 Tellers jobs per 1,000 workers in Richmond, VA.

What is the cost of living in Richmond, VA compared to the national average?

Richmond, VA has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 930 employees in the Richmond, VA area with a job density of 1.425 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 Richmond, VA