Average Tellers Salary in South Arkansas nonmetropolitan area
Tellers in the South Arkansas nonmetropolitan area earn an average annual salary of $33,890. This figure is notably below the national average of $40,940, reflecting regional economic factors and potentially a lower cost of labor. The specific economic landscape and demand within this nonmetropolitan region directly influence compensation levels for these essential financial service roles.
Executive Summary
- Average Salary: $33,890 per year.
- Growth Trend: Salaries have shifted 19.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $39,670.
- Outlook: The job market for Tellers in South Arkansas appears robust, with a total local workforce of 680 individuals in this role. The Location Quotient of 2.58 indicates a significantly higher concentration of Teller positions compared to the national average, suggesting strong local demand or a specialized regional need for these services. With 5.669 jobs per 1,000 workers, the presence of Tellers is more pronounced than in many other areas.
Salary Overview
The average Tellers in South Arkansas nonmetropolitan area earns-17.2%below the national average.
$16.3
$652
$2,824
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in South Arkansas have experienced gradual growth over the past four years, mirroring general economic trends and inflation. Increases in the cost of living and evolving banking technologies likely contribute to a steady, albeit potentially modest, upward trajectory in compensation for these roles.
Tellers Salary Distribution in South Arkansas nonmetropolitan area
As with most professions, experience plays a crucial role in Teller compensation. Entry-level positions typically offer salaries at the lower end of the spectrum, while seasoned Tellers with several years of experience and specialized skills can command higher pay. The percentile gaps in salary distribution signify clear opportunities for career progression and increased earning potential within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,090 | $14 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,418 | $12.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $33,890 | $16.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,363 | $20.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $39,670 | $19.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$33,890
Gross Pay
Real Wage (Purchasing Power)
$33,890
Adjusted for COL (100)
The average annual salary of $33,890 in South Arkansas aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average. Therefore, the lower nominal wage is effectively offset by the comparable cost of living, making the take-home pay's value stable.
Job Market Context
680
Total Jobs
5.669
Per 1K Jobs
2.58
Location Quotient
South Arkansas nonmetropolitan area has 2.6x 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.
A Location Quotient of 2.58 strongly suggests that South Arkansas is a market with a disproportionately high concentration of Teller jobs relative to the national average. This indicates a competitive environment where demand for Tellers may exceed the supply, or simply that the financial services sector in this region relies heavily on this role. For job seekers, this could mean more opportunities, while employers might face challenges in recruitment.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Tellers Salary | $34,380↑ 1% | 17 mi |
| Hot Springs, AR Tellers Salary | $32,140↓ 5% | 51 mi |
Comparing salaries near South Arkansas nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in South Arkansas nonmetropolitan area?
The median annual salary for a Tellers in South Arkansas nonmetropolitan area is $33,890. This typically ranges from $29,090 for entry-level positions to $39,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Arkansas nonmetropolitan area is 17.2% lower than the national median of $40,940.
Is South Arkansas nonmetropolitan area a lucrative place for Tellers?
No, not in terms of nominal salary.The average Teller salary of $33,890 is significantly below the national average. However, the cost of living is also at the national average, meaning the purchasing power of the salary is comparable.
Is South Arkansas nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in South Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($34,380) and Hot Springs, AR.
How does the South Arkansas Teller salary compare to the national average?
The average annual salary for Tellers in South Arkansas is $33,890, which is considerably lower than the national average of $40,940.
What does a Location Quotient of 2.58 mean for Tellers in South Arkansas?
A Location Quotient of 2.58 signifies that Teller positions are 2.58 times more concentrated in South Arkansas than the national average, indicating a higher demand or prevalence of these roles in the region.
Does the cost of living affect the value of a Teller's salary in South Arkansas?
No, the cost of living in South Arkansas is at the national average (100), meaning the lower nominal salary of $33,890 has a purchasing power equivalent to the national average.
Are there many Teller jobs available in South Arkansas?
Yes, with 5.669 jobs per 1,000 workers and a Location Quotient of 2.58, the concentration of Teller jobs is significantly higher than the national average, suggesting ample opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 680 employees in the South Arkansas nonmetropolitan area area with a job density of 5.669 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 South Arkansas nonmetropolitan area