Tellers in Salem, Oregon, earn an average annual salary of $42,340, which is slightly above the national average of $40,940. This favorable compensation can be attributed to a combination of local economic factors and the specific demand for financial services professionals within the region. While the cost of living in Salem is on par with the national average, the slightly elevated salary indicates a healthy local job market for this role.
Executive Summary
- Average Salary: $42,340 per year.
- Growth Trend: Salaries have shifted 30.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,930.
- Outlook: Salem, OR, supports a local workforce of 270 Tellers, with 1.461 jobs per 1,000 workers. The Location Quotient of 0.66 suggests that while Tellers are present in Salem, the concentration is below the national average. This indicates a stable, rather than rapidly expanding, job market for Tellers in the area, implying consistent but not necessarily explosive demand.
Tellers Salary Trends (2020-2024)
While specific historical data for Teller salary growth in Salem, OR, is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and the need to attract and retain qualified personnel likely contribute to modest annual salary increases for Tellers in the region.
Tellers Salary Distribution in Salem, OR
The salary range for Tellers in Salem, OR, typically widens with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings reflect the career progression opportunities available, rewarding accumulated knowledge and responsibility within financial institutions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,530 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,755 | $15.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,980 | $21.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $52,925 | $25.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,930 | $21.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$42,340
Gross Pay
Real Wage (Purchasing Power)
$42,340
Adjusted for COL (100)
With an average annual salary of $42,340 and a Cost of Living Index of 100, Tellers in Salem, OR, find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of a Teller's salary in Salem is comparable to that of a Teller in a typical U.S. city, offering a stable financial environment without the pressure of significantly higher or lower living expenses.
Job Market Context
270
Total Jobs
1.461
Per 1K Jobs
0.66
Location Quotient
Salem, OR has 0.66x 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 0.66 for Tellers in Salem, OR, indicates that the occupation is less concentrated than the national average. This suggests that while Tellers are employed in Salem, the job market is not saturated. This could translate to a moderately competitive environment for job seekers, where opportunities exist but may require proactive searching and highlighting relevant skills to stand out.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Albany, OR Tellers Salary | $41,170↓ 3% | 21 mi |
| Corvallis, OR Tellers Salary | $40,630↓ 4% | 27 mi |
| Portland-Vancouver-Hillsboro, OR-WA Tellers Salary | $45,790↑ 8% | 44 mi |
| Coast Oregon nonmetropolitan area Tellers Salary | $41,660↓ 2% | 53 mi |
| Eastern Oregon nonmetropolitan area Tellers Salary | $40,250↓ 5% | 53 mi |
Comparing salaries near Salem, OR
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Salem, OR?
The median annual salary for a Tellers in Salem, OR is $42,340. This typically ranges from $38,530 for entry-level positions to $44,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salem, OR is 3.4% higher than the national median of $40,940.
Is Salem, OR a lucrative place for Tellers?
Yes, moderately so.Tellers in Salem, OR, earn slightly above the national average salary, and their income aligns perfectly with the national average cost of living, offering good financial stability.
Is Salem, OR a good place to live for Tellers?
The Cost of Living Index in Salem, OR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salem, OR?
Some top paying nearby cities include Albany, OR ($41,170) and Corvallis, OR.
How does Salem, OR compare to the national average for Teller salaries?
Tellers in Salem, OR, earn an average of $42,340 annually, which is approximately $1,400 higher than the national average of $40,940.
What is the Cost of Living in Salem, OR, for Tellers?
The Cost of Living Index in Salem, OR, is 100, which is exactly the national average. This means that the purchasing power of a Teller's salary in Salem is comparable to the national average.
Is the Teller job market in Salem, OR, highly concentrated?
No, the Teller job market in Salem, OR, is less concentrated than the national average, with a Location Quotient of 0.66. This suggests a stable but not overly abundant market.
How many Tellers work in Salem, OR?
There are approximately 270 Tellers employed in Salem, OR, representing 1.461 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 270 employees in the Salem, OR area with a job density of 1.461 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 Salem, OR