Average Tellers Salary in Southside Virginia nonmetropolitan area
Tellers in the Southside Virginia nonmetropolitan area earn an average annual salary of $40,530. This figure is slightly below the national average of $40,940, a common trend in nonmetropolitan regions where the cost of doing business and local economic factors often influence compensation levels compared to larger urban centers.
Executive Summary
- Average Salary: $40,530 per year.
- Growth Trend: Salaries have shifted 41.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,480.
- Outlook: The local job market for Tellers in Southside Virginia appears robust, with a total workforce of 370 individuals. The Location Quotient of 1.62 indicates a significantly higher concentration of Teller positions relative to the national average, suggesting strong local demand and a stable employment landscape for these financial service professionals.
Salary Overview
The average Tellers in Southside Virginia nonmetropolitan area earns-1.0%below the national average.
$19.5
$779
$3,378
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in Southside Virginia have experienced modest growth over the past four years, mirroring national trends. Economic recovery, inflation, and evolving banking needs likely contribute to a steady, albeit gradual, increase in compensation for these essential roles.
Tellers Salary Distribution in Southside Virginia nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, often accompanied by salary increases. While specific percentile data is unavailable, the typical salary distribution suggests that experienced Tellers can command higher earnings, with significant gaps between entry-level and senior roles reflecting accumulated expertise and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,500 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,398 | $14.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,870 | $18.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,663 | $24.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,480 | $22.3 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$40,530
Gross Pay
Real Wage (Purchasing Power)
$40,530
Adjusted for COL (100)
The nominal salary of $40,530 in Southside Virginia 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 footing without the added pressure of higher living expenses.
Job Market Context
370
Total Jobs
3.557
Per 1K Jobs
1.62
Location Quotient
Southside Virginia 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.
With a Location Quotient of 1.62, Southside Virginia exhibits a notably higher concentration of Teller jobs than the national average. This suggests that the job market is relatively abundant for Tellers in this area, potentially offering more opportunities and a competitive environment for those seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Tellers Salary | $43,730↑ 8% | 25 mi |
| Richmond, VA Tellers Salary | $44,300↑ 9% | 41 mi |
| Staunton-Stuarts Draft, VA Tellers Salary | $38,890↓ 4% | 56 mi |
| Harrisonburg, VA Tellers Salary | $41,120↑ 1% | 60 mi |
| Lynchburg, VA Tellers Salary | $40,390↓ 0% | 61 mi |
Comparing salaries near Southside Virginia nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southside Virginia nonmetropolitan area?
The median annual salary for a Tellers in Southside Virginia nonmetropolitan area is $40,530. This typically ranges from $35,500 for entry-level positions to $46,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southside Virginia nonmetropolitan area is 1.0% lower than the national median of $40,940.
Is Southside Virginia nonmetropolitan area a lucrative place for Tellers?
No, not significantly more lucrative than the national average.While the cost of living is average, the average salary for Tellers is slightly below the national benchmark. The higher concentration of jobs indicates demand but not necessarily higher pay.
Is Southside Virginia nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southside Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southside Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($43,730) and Richmond, VA.
How does the Teller salary compare to the national average?
The average annual salary for Tellers in Southside Virginia is $40,530, which is slightly lower than the national average of $40,940.
What does the Location Quotient of 1.62 mean for Tellers in Southside Virginia?
A Location Quotient of 1.62 signifies that Teller positions are 62% more concentrated in Southside Virginia compared to the national average, indicating a stronger local presence of this profession.
Is the cost of living high in Southside Virginia for Tellers?
No, the cost of living in Southside Virginia is at the national average (index of 100), meaning expenses are neither significantly higher nor lower than the typical US city.
How many Tellers are employed in Southside Virginia?
There are approximately 370 Tellers employed in the Southside Virginia 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 370 employees in the Southside Virginia nonmetropolitan area area with a job density of 3.557 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 Southside Virginia nonmetropolitan area