SalaryNode

Average Tellers Salary in Rockford, IL

Tellers in Rockford, Illinois earn an average annual salary of $40,600. This figure is slightly below the national average of $40,940, indicating a minor difference in compensation influenced by local economic factors and the specific demand within the Rockford area's financial sector. The cost of living in Rockford aligns perfectly with the national average, suggesting that this salary offers a comparable standard of living.

Executive Summary

  • Average Salary: $40,600 per year.
  • Growth Trend: Salaries have shifted 23.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $47,950.
  • Outlook: The job market for Tellers in Rockford, IL, appears stable with a local workforce of 330 individuals. The Location Quotient of 1.09 suggests a slightly higher concentration of Teller positions compared to the national average, indicating a steady, albeit not exceptionally high, demand for these roles within the local economy.
2024 Market Data

Salary Overview

$40,600

The average Tellers in Rockford, IL earns-0.8%below the national average.

BreakdownBased on 40h/week
Hourly

$19.5

Weekly

$781

Monthly

$3,383

Tellers Salary Distribution in Rockford, IL

Career progression for Tellers in Rockford, IL, typically involves salary increases with experience. Entry-level positions may start at the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries, reflecting the broader percentile gaps seen in the profession nationwide.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$31,740$15.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$30,450$14.6
ManagerOversees team, compliance, and project delivery.50% (Median)$37,940$18.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$50,750$24.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$47,950$23.1

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$40,600

Gross Pay

Real Wage (Purchasing Power)

$40,600

Adjusted for COL (100)

The nominal average annual salary of $40,600 in Rockford, IL, holds up well against the local Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Rockford is equivalent to the national average, allowing for a similar lifestyle and ability to cover essential expenses as in other parts of the country.

Job Market Context

330

Total Jobs

2.402

Per 1K Jobs

1.09

Location Quotient

Above Average

With a location quotient of 1.09, Rockford, IL has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

With a Location Quotient of 1.09, Rockford, IL, exhibits a slightly higher concentration of Teller jobs than the national average. This suggests that while the market is not oversaturated, there is a healthy and perhaps slightly more robust demand for Tellers in Rockford compared to many other areas, making it a moderately competitive but accessible job market.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Janesville-Beloit, WI Tellers Salary$39,510↓ 3%30 mi
Madison, WI Tellers Salary$41,570↑ 2%59 mi
Kenosha, WI Tellers Salary$39,940↓ 2%65 mi
Racine-Mount Pleasant, WI Tellers Salary$40,480↓ 0%71 mi
Chicago-Naperville-Elgin, IL-IN Tellers Salary$43,320↑ 7%78 mi

Comparing salaries near Rockford, IL

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Rockford, IL?

The median annual salary for a Tellers in Rockford, IL is $40,600. This typically ranges from $31,740 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 Rockford, IL is 0.8% lower than the national median of $40,940.

Is Rockford, IL a lucrative place for Tellers?

Moderately. The salary aligns with the national average, and the cost of living is also average.Tellers in Rockford, IL earn an average of $40,600, which is very close to the national average. Coupled with a cost of living index of 100, the salary offers a standard purchasing power equivalent to the national average.

Is Rockford, IL a good place to live for Tellers?

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

Where are the highest paying cities near Rockford, IL?

Some top paying nearby cities include Janesville-Beloit, WI ($39,510) and Madison, WI.

How does Rockford's Teller salary compare to the national average?

The average annual salary for Tellers in Rockford, IL, is $40,600, which is slightly lower than the national average of $40,940.

What is the cost of living in Rockford, IL for Tellers?

Rockford, IL has a Cost of Living Index of 100, which is exactly the national average. This means the purchasing power of a Teller's salary in Rockford is comparable to the national average.

Is there high demand for Tellers in Rockford, IL?

The Location Quotient of 1.09 indicates a slightly higher concentration of Teller positions in Rockford compared to the national average, suggesting a steady demand for these roles.

How many Tellers work in Rockford, IL?

There are approximately 330 Tellers employed in Rockford, IL, representing 2.402 jobs per 1,000 workers in the local workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Rockford, IL area with a job density of 2.402 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 Rockford, IL