SalaryNode

Average Tellers Salary in Sioux Falls, SD-MN

In Sioux Falls, SD-MN, Tellers earn an average annual salary of $37,630. This figure is slightly below the national average of $40,940, indicating localized economic factors and regional demand influence compensation for this role. The specific economic landscape and financial industry concentration within Sioux Falls contribute to this pay differential.

Executive Summary

  • Average Salary: $37,630 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,500.
  • Outlook: The Sioux Falls, SD-MN market for Tellers appears moderately robust, with a total local workforce of 490 individuals. The Location Quotient of 1.28 suggests a higher concentration of Tellers jobs in this area compared to the national average, implying a stable demand for these professionals within the local financial sector.
2024 Market Data

Salary Overview

$37,630

The average Tellers in Sioux Falls, SD-MN earns-8.1%below the national average.

BreakdownBased on 40h/week
Hourly

$18.1

Weekly

$724

Monthly

$3,136

Tellers Salary Distribution in Sioux Falls, SD-MN

Career progression for Tellers in Sioux Falls typically correlates with increased experience and skill development. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with extensive experience in customer service, financial transactions, and potentially specialized banking products can command higher salaries. The gap between entry-level and senior roles signifies opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$31,240$15
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$28,223$13.6
ManagerOversees team, compliance, and project delivery.50% (Median)$36,310$17.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$47,038$22.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,500$21.9

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$37,630

Gross Pay

Real Wage (Purchasing Power)

$37,630

Adjusted for COL (100)

With a Cost of Living Index of 100, Sioux Falls, SD-MN is perfectly aligned with the national average. This means the nominal salary of $37,630 for Tellers offers a purchasing power equivalent to the national average. Therefore, relocating to Sioux Falls for a Teller position does not present a significant advantage or disadvantage in terms of overall affordability based on this metric.

Job Market Context

490

Total Jobs

2.808

Per 1K Jobs

1.28

Location Quotient

Above Average

With a location quotient of 1.28, Sioux Falls, SD-MN has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.28 for Tellers in Sioux Falls, SD-MN indicates a notable concentration of these roles compared to the national benchmark. This suggests that the job market for Tellers in this region is relatively more abundant or in higher demand than the national average, potentially offering more employment opportunities for qualified candidates.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Sioux City, IA-NE-SD Tellers Salary$38,790↑ 3%74 mi

Comparing salaries near Sioux Falls, SD-MN

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Sioux Falls, SD-MN?

The median annual salary for a Tellers in Sioux Falls, SD-MN is $37,630. This typically ranges from $31,240 for entry-level positions to $45,500 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Sioux Falls, SD-MN is 8.1% lower than the national median of $40,940.

Is Sioux Falls, SD-MN a lucrative place for Tellers?

No, not particularly lucrative compared to the national average.While the cost of living is average, the Tellers salary of $37,630 is below the national average of $40,940, making it less financially rewarding than in many other areas.

Is Sioux Falls, SD-MN a good place to live for Tellers?

The Cost of Living Index in Sioux Falls, SD-MN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Sioux Falls, SD-MN?

Some top paying nearby cities include Sioux City, IA-NE-SD ($38,790) and others.

How does the Sioux Falls Teller salary compare to the national average?

The average annual salary for Tellers in Sioux Falls, SD-MN is $37,630, which is approximately 8% lower than the national average of $40,940.

Is there high demand for Tellers in Sioux Falls?

With a Location Quotient of 1.28, there is a higher concentration of Teller jobs in Sioux Falls compared to the national average, suggesting a healthy demand for these professionals.

What is the cost of living like for Tellers in Sioux Falls?

The cost of living in Sioux Falls is exactly at the national average (Index of 100), meaning your salary's purchasing power is comparable to the national standard.

How many Tellers work in Sioux Falls?

There are approximately 490 Tellers employed within the Sioux Falls, SD-MN workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 490 employees in the Sioux Falls, SD-MN area with a job density of 2.808 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 Sioux Falls, SD-MN