SalaryNode

Average Tellers Salary in Santa Fe, NM

Tellers in Santa Fe, New Mexico, earn an average annual salary of $43,360, which is notably higher than the national average of $40,940. This elevated compensation is often a reflection of the specific economic conditions and demand within the Santa Fe metropolitan area, influencing the pay scale for essential financial roles.

Executive Summary

  • Average Salary: $43,360 per year.
  • Growth Trend: Salaries have shifted 29.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $47,690.
  • Outlook: The job market for Tellers in Santa Fe presents a robust outlook, supported by a local workforce of 260 individuals and a Location Quotient of 1.92. This concentration significantly exceeds the national average, indicating a strong demand and a potentially stable job market for these professionals within the region.
2024 Market Data

Salary Overview

$43,360

The average Tellers in Santa Fe, NM earns+5.9%above the national average.

BreakdownBased on 40h/week
Hourly

$20.9

Weekly

$834

Monthly

$3,613

Tellers Salary Distribution in Santa Fe, NM

The career path for Tellers typically involves salary progression based on 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 above the average. The percentile gaps in salary distribution underscore the potential for career advancement and increased earning capacity.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,250$16.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$32,520$15.6
ManagerOversees team, compliance, and project delivery.50% (Median)$45,620$21.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$54,200$26.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$47,690$22.9

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$43,360

Gross Pay

Real Wage (Purchasing Power)

$43,360

Adjusted for COL (100)

With an average annual salary of $43,360 and a Cost of Living Index of 100, Tellers in Santa Fe find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary in Santa Fe is comparable to that of a Teller earning the national average in a typical U.S. city.

Job Market Context

260

Total Jobs

4.217

Per 1K Jobs

1.92

Location Quotient

Major Hub

Santa Fe, NM has 1.9x 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 1.92 for Tellers in Santa Fe signifies a market where this profession is more than twice as concentrated as the national average. This suggests a high demand relative to the size of the workforce, potentially leading to more job opportunities and competitive hiring practices for Tellers in the area.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Albuquerque, NM Tellers Salary$39,700↓ 8%54 mi
Eastern New Mexico nonmetropolitan area Tellers Salary$36,200↓ 17%59 mi
Northern New Mexico nonmetropolitan area Tellers Salary$37,120↓ 14%59 mi

Comparing salaries near Santa Fe, NM

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Santa Fe, NM?

The median annual salary for a Tellers in Santa Fe, NM is $43,360. This typically ranges from $35,250 for entry-level positions to $47,690 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Santa Fe, NM is 5.9% higher than the national median of $40,940.

Is Santa Fe, NM a lucrative place for Tellers?

Yes, Santa Fe offers a lucrative environment for Tellers.Tellers in Santa Fe earn above the national average salary, and with a cost of living on par with the national average, their earnings provide strong purchasing power.

Is Santa Fe, NM a good place to live for Tellers?

The Cost of Living Index in Santa Fe, NM is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Santa Fe, NM?

Some top paying nearby cities include Albuquerque, NM ($39,700) and Eastern New Mexico nonmetropolitan area.

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

Tellers in Santa Fe earn an average of $43,360 annually, which is $2,420 more than the national average of $40,940.

What is the concentration of Tellers in Santa Fe compared to the rest of the U.S.?

Santa Fe has a Location Quotient of 1.92 for Tellers, meaning the profession is more than 90% more concentrated there than the national average.

Does the cost of living in Santa Fe affect Teller salaries?

The cost of living in Santa Fe is exactly at the national average (100), so the higher-than-average salary of $43,360 translates to good purchasing power for Tellers.

How many Tellers are employed in Santa Fe?

There are approximately 260 Tellers employed in the Santa Fe area, representing 4.217 jobs per 1,000 workers.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Santa Fe, NM area with a job density of 4.217 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 Santa Fe, NM