Average Tellers Salary in Southern Indiana nonmetropolitan area
Tellers in Southern Indiana's nonmetropolitan areas earn an average annual salary of $38,240. This figure is slightly below the national average of $40,940, a common trend in regions with a lower cost of living and a more localized economic focus. The specific economic drivers and demand within these nonmetropolitan communities directly influence compensation levels for banking professionals.
Executive Summary
- Average Salary: $38,240 per year.
- Growth Trend: Salaries have shifted 27.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,900.
- Outlook: The local Teller workforce comprises approximately 680 individuals, indicating a stable presence within the community's employment landscape. With a Location Quotient of 1.56, Tellers are notably more concentrated in this region than the national average, suggesting a consistent demand for these services in Southern Indiana's nonmetropolitan areas.
Salary Overview
The average Tellers in Southern Indiana nonmetropolitan area earns-6.6%below the national average.
$18.4
$735
$3,187
Tellers Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that Teller salaries in Southern Indiana's nonmetropolitan areas have experienced gradual growth over the past four years, mirroring national trends. Economic shifts and inflation typically necessitate upward adjustments in compensation to maintain purchasing power and attract talent.
Tellers Salary Distribution in Southern Indiana nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which are compensated at higher rates. While specific percentile data isn't available, the typical salary distribution suggests that experienced Tellers can expect to earn significantly more than their less experienced counterparts, with percentile gaps reflecting increasing responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,670 | $15.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,680 | $13.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,050 | $17.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $47,800 | $23 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,900 | $22.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,240
Gross Pay
Real Wage (Purchasing Power)
$38,240
Adjusted for COL (100)
The nominal average annual salary of $38,240 in Southern Indiana's 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 the national average, offering a stable financial environment for residents.
Job Market Context
680
Total Jobs
3.444
Per 1K Jobs
1.56
Location Quotient
Southern Indiana nonmetropolitan area has 1.6x 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 1.56 signifies that Tellers are 56% more concentrated in Southern Indiana's nonmetropolitan areas compared to the national average. This suggests a robust local market with a higher-than-average demand for banking professionals relative to the general workforce, potentially leading to more job opportunities.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Tellers Salary | $41,490↑ 8% | 8 mi |
| Kokomo, IN Tellers Salary | $40,220↑ 5% | 43 mi |
| Columbus, IN Tellers Salary | $37,840↓ 1% | 48 mi |
| Bloomington, IN Tellers Salary | $38,810↑ 1% | 49 mi |
| Lafayette-West Lafayette, IN Tellers Salary | $38,270↑ 0% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southern Indiana nonmetropolitan area?
The median annual salary for a Tellers in Southern Indiana nonmetropolitan area is $38,240. This typically ranges from $31,670 for entry-level positions to $46,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 6.6% lower than the national median of $40,940.
Is Southern Indiana nonmetropolitan area a lucrative place for Tellers?
No, but it offers good value.While the average salary of $38,240 is below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power.
Is Southern Indiana nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($41,490) and Kokomo, IN.
How does the Teller salary compare to the national average?
The average annual salary for Tellers in Southern Indiana's nonmetropolitan areas is $38,240, which is slightly lower than the national average of $40,940.
What is the concentration of Tellers in this region?
The Location Quotient for Tellers in this area is 1.56, indicating they are 56% more concentrated than the national average, suggesting strong local demand.
How does the cost of living affect the Teller salary?
With a Cost of Living Index of 100 (matching the national average), the $38,240 salary offers purchasing power equivalent to the national average, making it a stable financial proposition.
What does the total local workforce size suggest for Teller jobs?
A local workforce of 680 Tellers indicates a significant and established presence of this profession within the Southern Indiana nonmetropolitan job market.
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 Southern Indiana nonmetropolitan area area with a job density of 3.444 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 Southern Indiana nonmetropolitan area