Average Tellers Salary in South Illinois nonmetropolitan area
Tellers in the South Illinois nonmetropolitan area earn an average annual salary of $36,530. This figure is notably below the national average of $40,940. The specific economic landscape and demand within this region directly influence this localized pay scale, reflecting a different market dynamic compared to more urbanized or high-cost areas.
Executive Summary
- Average Salary: $36,530 per year.
- Growth Trend: Salaries have shifted 29.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,580.
- Outlook: The South Illinois nonmetropolitan area supports a dedicated workforce of 1,090 Tellers. With a Location Quotient of 3.55, this region exhibits a significantly higher concentration of Teller positions than the national average, indicating robust local demand and a specialized job market for these financial professionals.
Salary Overview
The average Tellers in South Illinois nonmetropolitan area earns-10.8%below the national average.
$17.6
$703
$3,044
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in regions like South Illinois have seen modest growth over the past four years, mirroring broader economic trends and inflation adjustments. This suggests a stable, albeit potentially slow, upward trajectory for Teller compensation in this nonmetropolitan setting.
Tellers Salary Distribution in South Illinois nonmetropolitan area
Career progression for Tellers typically involves salary increases with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with several years of experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,930 | $14.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,398 | $13.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,630 | $17.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,663 | $22 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,580 | $21 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,530
Gross Pay
Real Wage (Purchasing Power)
$36,530
Adjusted for COL (100)
The nominal average salary of $36,530 in South Illinois nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this region is equivalent to the national average, suggesting that while the salary is lower than the national average, the cost of living does not exacerbate the difference.
Job Market Context
1,090
Total Jobs
7.809
Per 1K Jobs
3.55
Location Quotient
South Illinois nonmetropolitan area has 3.5x 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 3.55 signifies that Tellers are substantially more concentrated in South Illinois nonmetropolitan areas than in the nation as a whole. This indicates a highly specialized and potentially competitive market where demand for Tellers outstrips the national average, offering unique employment opportunities for those in the field.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Tellers Salary | $38,680↑ 6% | 9 mi |
| Decatur, IL Tellers Salary | $37,010↑ 1% | 34 mi |
| Champaign-Urbana, IL Tellers Salary | $37,270↑ 2% | 41 mi |
| Peoria, IL Tellers Salary | $37,910↑ 4% | 43 mi |
| Springfield, IL Tellers Salary | $38,210↑ 5% | 53 mi |
Comparing salaries near South Illinois nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in South Illinois nonmetropolitan area?
The median annual salary for a Tellers in South Illinois nonmetropolitan area is $36,530. This typically ranges from $30,930 for entry-level positions to $43,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Illinois nonmetropolitan area is 10.8% lower than the national median of $40,940.
Is South Illinois nonmetropolitan area a lucrative place for Tellers?
No, not compared to the national average.While the cost of living is average, the average Teller salary of $36,530 is significantly lower than the national average of $40,940, indicating less lucrative earning potential in this specific region.
Is South Illinois nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in South Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($38,680) and Decatur, IL.
How does the number of Tellers in South Illinois compare nationally?
With 7.809 Tellers per 1,000 workers, the concentration is high, suggesting a strong local presence of this profession relative to the general workforce.
What does a Location Quotient of 3.55 mean for Teller jobs?
It means that Tellers are employed in South Illinois nonmetropolitan areas at a rate 3.55 times higher than the national average, indicating a specialized and in-demand job market.
How does the cost of living affect a Teller's salary in South Illinois?
The cost of living index is 100, meaning it's the national average. Therefore, the $36,530 salary has average purchasing power locally, neither stretching nor compressing significantly due to living expenses.
Is the Teller job market in South Illinois growing?
The high Location Quotient suggests a stable or potentially growing demand for Tellers, as the region employs them at a rate significantly higher than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,090 employees in the South Illinois nonmetropolitan area area with a job density of 7.809 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 Illinois nonmetropolitan area