Average Tellers Salary in South Central Kentucky nonmetropolitan area
In the South Central Kentucky nonmetropolitan area, Tellers earn an average annual salary of $36,270. This figure is notably below the national average of $40,940, reflecting the economic dynamics and potentially lower demand for banking services in this specific nonmetropolitan region compared to broader national trends.
Executive Summary
- Average Salary: $36,270 per year.
- Growth Trend: Salaries have shifted 22.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,030.
- Outlook: The local market for Tellers in South Central Kentucky is moderately concentrated, with a total workforce of 550 individuals. The Location Quotient of 1.45 suggests a higher concentration of these roles than the national average, indicating a stable, albeit not rapidly expanding, demand within this specific geographic area.
Salary Overview
The average Tellers in South Central Kentucky nonmetropolitan area earns-11.4%below the national average.
$17.4
$698
$3,023
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in South Central Kentucky have seen modest growth over the past four years, mirroring general economic trends and inflation. This growth would likely be influenced by regional economic performance and the evolving needs of local financial institutions.
Tellers Salary Distribution in South Central Kentucky nonmetropolitan area
Career progression for Tellers in South Central Kentucky typically involves moving from entry-level positions to more senior roles, which are compensated at higher salary percentiles. The salary gap between the lowest and highest earners signifies opportunities for advancement and increased earning potential with experience and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,620 | $14.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,203 | $13.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,180 | $17.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,338 | $21.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,030 | $21.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,270
Gross Pay
Real Wage (Purchasing Power)
$36,270
Adjusted for COL (100)
The nominal average annual salary of $36,270 in South Central Kentucky aligns precisely with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
550
Total Jobs
3.182
Per 1K Jobs
1.45
Location Quotient
With a location quotient of 1.45, South Central Kentucky nonmetropolitan area has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.45, the market for Tellers in South Central Kentucky is more concentrated than the national average. This suggests that these roles are a more significant component of the local employment landscape, potentially leading to a more competitive environment for job seekers but also indicating a steady presence of these positions.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Tellers Salary | $38,720↑ 7% | 28 mi |
| Elizabethtown, KY Tellers Salary | $36,150↓ 0% | 66 mi |
| Louisville/Jefferson County, KY-IN Tellers Salary | $38,020↑ 5% | 72 mi |
| Cincinnati, OH-KY-IN Tellers Salary | $44,400↑ 22% | 100 mi |
Comparing salaries near South Central Kentucky nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in South Central Kentucky nonmetropolitan area?
The median annual salary for a Tellers in South Central Kentucky nonmetropolitan area is $36,270. This typically ranges from $29,620 for entry-level positions to $44,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Kentucky nonmetropolitan area is 11.4% lower than the national median of $40,940.
Is South Central Kentucky nonmetropolitan area a lucrative place for Tellers?
No, not particularly lucrative compared to the national average.The average Teller salary of $36,270 is below the national average, although the cost of living is on par with the national average.
Is South Central Kentucky nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in South Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($38,720) and Elizabethtown, KY.
How does the local Teller salary compare to the national average?
The average annual salary for Tellers in South Central Kentucky is $36,270, which is lower than the national average of $40,940.
What is the concentration of Teller jobs in this region?
The Location Quotient of 1.45 indicates that Teller jobs are more concentrated in South Central Kentucky than the national average, with 3.182 jobs per 1,000 workers.
How does the cost of living affect the Teller salary in South Central Kentucky?
The cost of living in South Central Kentucky is at the national average (100), meaning the $36,270 salary has equivalent purchasing power to the national average salary.
What is the total number of Tellers employed in South Central Kentucky?
There are approximately 550 Tellers employed in the South Central Kentucky nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the South Central Kentucky nonmetropolitan area area with a job density of 3.182 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 Central Kentucky nonmetropolitan area