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Average Tellers Salary in Rochester, MN

Tellers in Rochester, MN earn an average annual salary of $41,580, slightly exceeding the national average of $40,940. This marginal difference in compensation is often influenced by local economic factors, the specific financial institutions operating in the area, and the overall demand for banking services within the Rochester community.

Executive Summary

  • Average Salary: $41,580 per year.
  • Growth Trend: Salaries have shifted 19.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $47,950.
  • Outlook: With a local workforce of 220 Tellers and a Location Quotient of 0.82, Rochester, MN presents a stable, albeit not exceptionally concentrated, job market for this role. The presence of 1.801 Tellers per 1,000 workers indicates a consistent, moderate demand, suggesting a healthy environment for those seeking employment or career stability in this sector within the city.
2024 Market Data

Salary Overview

$41,580

The average Tellers in Rochester, MN earns+1.6%above the national average.

BreakdownBased on 40h/week
Hourly

$20

Weekly

$800

Monthly

$3,465

Tellers Salary Distribution in Rochester, MN

Career progression for Tellers in Rochester, MN, typically involves moving from entry-level positions to more experienced or specialized roles. As Tellers gain experience, their responsibilities often expand, leading to higher salaries. The salary distribution, while not explicitly detailed, would show a clear increase from junior to senior Tellers, with significant percentile gaps indicating substantial career advancement opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,360$17
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$31,185$15
ManagerOversees team, compliance, and project delivery.50% (Median)$41,570$20
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$51,975$25
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$47,950$23.1

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$41,580

Gross Pay

Real Wage (Purchasing Power)

$41,580

Adjusted for COL (100)

The average annual salary of $41,580 in Rochester, MN, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in Rochester is equivalent to the national average, offering a stable financial standing without the immediate pressure of higher or lower living expenses.

Job Market Context

220

Total Jobs

1.801

Per 1K Jobs

0.82

Location Quotient

Below Average

Rochester, MN has 0.82x 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.

Rochester, MN's Location Quotient of 0.82 for Tellers suggests that the concentration of these roles is slightly below the national average. This indicates that while Tellers are a valued part of the local workforce, the market is not oversaturated, potentially offering a balanced competitive landscape for job seekers and employers alike.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
La Crosse-Onalaska, WI-MN Tellers Salary$39,420↓ 5%64 mi
Eau Claire, WI Tellers Salary$39,220↓ 6%74 mi
Mankato, MN Tellers Salary$39,580↓ 5%75 mi
Minneapolis-St. Paul-Bloomington, MN-WI Tellers Salary$43,000↑ 3%77 mi

Comparing salaries near Rochester, MN

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Rochester, MN?

The median annual salary for a Tellers in Rochester, MN is $41,580. This typically ranges from $35,360 for entry-level positions to $47,950 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Rochester, MN is 1.6% higher than the national median of $40,940.

Is Rochester, MN a lucrative place for Tellers?

Yes, Rochester, MN offers a competitive environment for Tellers.The average salary slightly surpasses the national average, and the cost of living is on par with the national index, ensuring good purchasing power.

Is Rochester, MN a good place to live for Tellers?

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

Where are the highest paying cities near Rochester, MN?

Some top paying nearby cities include La Crosse-Onalaska, WI-MN ($39,420) and Eau Claire, WI.

How does the Rochester, MN Teller salary compare to the national average?

Tellers in Rochester, MN earn an average of $41,580 annually, which is slightly higher than the national average of $40,940.

What is the cost of living in Rochester, MN for Tellers?

The cost of living in Rochester, MN is at the national average index of 100, meaning your salary of $41,580 has the same purchasing power as the national average.

How concentrated is the Teller job market in Rochester, MN?

The Teller job market in Rochester, MN has a Location Quotient of 0.82, indicating a slightly lower concentration of Tellers compared to the national average.

What is the total number of Tellers employed in Rochester, MN?

There are approximately 220 Tellers employed in Rochester, MN, representing 1.801 jobs per 1,000 workers in the local economy.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Rochester, MN area with a job density of 1.801 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 Rochester, MN