Average Tellers Salary in Southeast Minnesota nonmetropolitan area
Tellers in the Southeast Minnesota nonmetropolitan area earn an average annual salary of $41,200, slightly surpassing the national average of $40,940. This marginal outperformance is often influenced by regional economic factors and the specific demand within this locale, even when compared to broader national trends.
Executive Summary
- Average Salary: $41,200 per year.
- Growth Trend: Salaries have shifted 17.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,320.
- Outlook: With a local workforce of approximately 500 Tellers, the Southeast Minnesota nonmetropolitan area demonstrates a notable concentration of this profession, indicated by a Location Quotient of 1.47. This suggests that Tellers are more prevalent in this region than the national average, pointing towards a stable or potentially growing demand for their services within the local economy.
Salary Overview
The average Tellers in Southeast Minnesota nonmetropolitan area earns+0.6%above the national average.
$19.8
$792
$3,433
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in Southeast Minnesota nonmetropolitan areas have experienced steady growth over the past four years, mirroring general economic trends and inflation adjustments. This consistent, albeit potentially modest, upward trajectory in compensation is typical for established roles within stable regional economies.
Tellers Salary Distribution in Southeast Minnesota nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data is unavailable, the expected salary range widens significantly with experience, with senior Tellers commanding higher compensation due to their accumulated expertise, customer service skills, and potential supervisory responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,060 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,900 | $14.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,020 | $18.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $51,500 | $24.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,320 | $22.8 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$41,200
Gross Pay
Real Wage (Purchasing Power)
$41,200
Adjusted for COL (100)
The average annual salary of $41,200 in Southeast Minnesota nonmetropolitan areas 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 that of someone earning the national average elsewhere, offering a stable financial foundation without significant cost-of-living pressures.
Job Market Context
500
Total Jobs
3.245
Per 1K Jobs
1.47
Location Quotient
With a location quotient of 1.47, Southeast Minnesota nonmetropolitan area has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
The Location Quotient of 1.47 for Tellers in Southeast Minnesota nonmetropolitan areas signifies a higher concentration of these jobs compared to the national average. This indicates a robust local market where Tellers are in relatively higher demand, potentially leading to more job opportunities and competitive compensation within the region.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Tellers Salary | $40,940↓ 1% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Tellers Salary | $43,000↑ 4% | 58 mi |
Comparing salaries near Southeast Minnesota nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southeast Minnesota nonmetropolitan area?
The median annual salary for a Tellers in Southeast Minnesota nonmetropolitan area is $41,200. This typically ranges from $37,060 for entry-level positions to $47,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Minnesota nonmetropolitan area is 0.6% higher than the national median of $40,940.
Is Southeast Minnesota nonmetropolitan area a lucrative place for Tellers?
Yes, it offers competitive compensation relative to the cost of living.Tellers in this region earn slightly above the national average salary. Furthermore, the local cost of living is on par with the national average, making the nominal salary hold its value effectively.
Is Southeast Minnesota nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($40,940) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the Teller salary in Southeast Minnesota compare to the national average?
The average annual salary for Tellers in Southeast Minnesota nonmetropolitan areas is $41,200, which is slightly higher than the national average of $40,940.
What does the Location Quotient of 1.47 mean for Tellers in this area?
A Location Quotient of 1.47 indicates that Tellers are 47% more concentrated in Southeast Minnesota nonmetropolitan areas than the national average, suggesting a stronger local job market for this profession.
Is the cost of living a factor for Tellers in Southeast Minnesota?
No, the cost of living in Southeast Minnesota nonmetropolitan areas is exactly at the national average (index of 100), meaning your salary's purchasing power is comparable to the national standard.
How many Tellers are employed in Southeast Minnesota nonmetropolitan areas?
There are approximately 500 Tellers employed within the Southeast Minnesota nonmetropolitan area, contributing to the local financial sector workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 500 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 3.245 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 Southeast Minnesota nonmetropolitan area