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Average Tellers Salary in Salt Lake City-Murray, UT

In Salt Lake City-Murray, UT, Tellers earn an average annual salary of $40,020. This figure is slightly below the national average of $40,940, indicating a stable but not exceptionally high compensation landscape for this role. Local economic factors and the specific demand within the financial services sector of the region contribute to this pay scale.

Executive Summary

  • Average Salary: $40,020 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,670.
  • Outlook: The local workforce for Tellers in Salt Lake City-Murray, UT comprises 1,840 professionals. With a Location Quotient of 1.03, the concentration of Tellers in this area is marginally higher than the national average, suggesting a steady demand for these financial service professionals within the local market.
2024 Market Data

Salary Overview

$40,020

The average Tellers in Salt Lake City-Murray, UT earns-2.2%below the national average.

BreakdownBased on 40h/week
Hourly

$19.2

Weekly

$770

Monthly

$3,335

Tellers Salary Distribution in Salt Lake City-Murray, UT

Career progression for Tellers in Salt Lake City-Murray, UT typically involves salary increases 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 salaries significantly higher, often reflected in the upper percentiles of the salary distribution.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,670$17.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$30,015$14.4
ManagerOversees team, compliance, and project delivery.50% (Median)$38,450$18.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$50,025$24.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,670$22

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$40,020

Gross Pay

Real Wage (Purchasing Power)

$40,020

Adjusted for COL (100)

The average annual salary of $40,020 in Salt Lake City-Murray, UT 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 this metropolitan area is equivalent to the national average, offering a balanced lifestyle without significant financial strain related to living expenses.

Job Market Context

1,840

Total Jobs

2.256

Per 1K Jobs

1.03

Location Quotient

Above Average

With a location quotient of 1.03, Salt Lake City-Murray, UT has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

With a Location Quotient of 1.03, Salt Lake City-Murray, UT exhibits a slightly higher concentration of Tellers compared to the national average. This suggests that the job market for Tellers is robust and stable, with demand closely matching the supply of professionals in this role within the region.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Ogden, UT Tellers Salary$38,290↓ 4%31 mi
Provo-Orem-Lehi, UT Tellers Salary$38,530↓ 4%40 mi
High Desert Utah nonmetropolitan area Tellers Salary$38,160↓ 5%44 mi
Wasatch Front Fringe Utah nonmetropolitan area Tellers Salary$39,840↓ 0%44 mi
Logan, UT-ID Tellers Salary$38,560↓ 4%67 mi

Comparing salaries near Salt Lake City-Murray, UT

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Salt Lake City-Murray, UT?

The median annual salary for a Tellers in Salt Lake City-Murray, UT is $40,020. This typically ranges from $36,670 for entry-level positions to $45,670 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Salt Lake City-Murray, UT is 2.2% lower than the national median of $40,940.

Is Salt Lake City-Murray, UT a lucrative place for Tellers?

No, but it is stable.While the average salary of $40,020 is slightly below the national average, the cost of living is also at the national average, making it a stable employment location. The slightly above-average concentration of Tellers indicates steady demand.

Is Salt Lake City-Murray, UT a good place to live for Tellers?

The Cost of Living Index in Salt Lake City-Murray, UT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Salt Lake City-Murray, UT?

Some top paying nearby cities include Ogden, UT ($38,290) and Provo-Orem-Lehi, UT.

How does the number of Tellers per 1,000 workers compare nationally?

Salt Lake City-Murray, UT has 2.256 Tellers per 1,000 workers, which is a key indicator of local employment density for this profession.

What is the total number of Tellers employed in Salt Lake City-Murray, UT?

There are approximately 1,840 Tellers employed within the Salt Lake City-Murray, UT metropolitan area.

Does experience significantly impact a Teller's salary in this area?

Yes, as with most professions, Tellers with more experience and advanced skills typically earn higher salaries, moving into the upper salary percentiles.

How does the local salary compare to the national average for Tellers?

The average annual salary for Tellers in Salt Lake City-Murray, UT is $40,020, which is slightly lower than the national average of $40,940.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,840 employees in the Salt Lake City-Murray, UT area with a job density of 2.256 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Salt Lake City-Murray, UT

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Salt Lake City-Murray, UT