SalaryNode

Average Tellers Salary in Saginaw, MI

Tellers in Saginaw, MI, earn an average annual salary of $37,180. This figure is slightly below the national average of $40,940, a common occurrence in markets where local economic factors and demand influence compensation structures. The specific economic landscape of Saginaw shapes the earning potential for these essential financial service professionals.

Executive Summary

  • Average Salary: $37,180 per year.
  • Growth Trend: Salaries have shifted 16.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,680.
  • Outlook: Saginaw, MI, supports a dedicated workforce of 310 Tellers, indicating a stable local demand for these roles. The Location Quotient of 1.76 suggests that Tellers are significantly more concentrated in Saginaw than the national average, pointing to a robust and established presence of this profession within the local economy.
2024 Market Data

Salary Overview

$37,180

The average Tellers in Saginaw, MI earns-9.2%below the national average.

BreakdownBased on 40h/week
Hourly

$17.9

Weekly

$715

Monthly

$3,098

Tellers Salary Distribution in Saginaw, MI

The salary progression for Tellers in Saginaw, MI, typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings reflect this career trajectory, rewarding accumulated expertise and responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$29,020$14
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$27,885$13.4
ManagerOversees team, compliance, and project delivery.50% (Median)$35,850$17.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$46,475$22.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$46,680$22.4

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$37,180

Gross Pay

Real Wage (Purchasing Power)

$37,180

Adjusted for COL (100)

With an average annual salary of $37,180 and a Cost of Living Index of 100 (matching the national average), Tellers in Saginaw, MI, experience a purchasing power that aligns with the typical American worker. This means that the nominal salary translates directly to the national average cost of goods and services, offering a stable financial foundation.

Job Market Context

310

Total Jobs

3.875

Per 1K Jobs

1.76

Location Quotient

Major Hub

Saginaw, MI has 1.8x the national concentration of Tellers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

The Location Quotient of 1.76 for Tellers in Saginaw, MI, signifies a strong concentration of these roles compared to the national benchmark. This suggests a healthy job market with potentially more opportunities relative to the size of the workforce, indicating that employers in Saginaw actively seek and retain Teller talent.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Bay City, MI Tellers Salary$34,750↓ 7%12 mi
Midland, MI Tellers Salary$42,580↑ 15%20 mi
Mid Michigan nonmetropolitan area Tellers Salary$37,070↓ 0%30 mi
Southern Michigan nonmetropolitan area Tellers Salary$37,630↑ 1%30 mi
Northern Michigan nonmetropolitan area Tellers Salary$36,980↓ 1%30 mi

Comparing salaries near Saginaw, MI

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Saginaw, MI?

The median annual salary for a Tellers in Saginaw, MI is $37,180. This typically ranges from $29,020 for entry-level positions to $46,680 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Saginaw, MI is 9.2% lower than the national median of $40,940.

Is Saginaw, MI a lucrative place for Tellers?

No, it is not significantly lucrative compared to the national average.While Saginaw, MI, has a strong concentration of Teller jobs, the average salary of $37,180 is below the national average of $40,940. However, the cost of living is at the national average, meaning the salary's purchasing power is comparable.

Is Saginaw, MI a good place to live for Tellers?

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

Where are the highest paying cities near Saginaw, MI?

Some top paying nearby cities include Bay City, MI ($34,750) and Midland, MI.

What is the average salary for a Teller in Saginaw, MI?

The average annual salary for a Teller in Saginaw, MI, is $37,180.

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

The average Teller salary in Saginaw, MI ($37,180) is slightly lower than the national average ($40,940).

Is the job market for Tellers strong in Saginaw, MI?

Yes, with a Location Quotient of 1.76, Tellers are more concentrated in Saginaw than the national average, indicating a robust local demand.

How does the cost of living in Saginaw, MI affect Teller salaries?

Saginaw's Cost of Living Index is 100, which is the national average. This means the $37,180 salary offers purchasing power equivalent to 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 310 employees in the Saginaw, MI area with a job density of 3.875 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 Saginaw, MI