Average Tellers Salary in Southwest Alabama nonmetropolitan area
Tellers in the Southwest Alabama nonmetropolitan area earn an average annual salary of $33,820. This figure is notably below the national average of $40,940, suggesting that regional economic factors and a potentially lower demand for banking services in this specific nonmetropolitan setting influence compensation levels. The unique economic landscape of this area plays a significant role in shaping the earning potential for these financial professionals.
Executive Summary
- Average Salary: $33,820 per year.
- Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $38,770.
- Outlook: The job market for Tellers in the Southwest Alabama nonmetropolitan area appears robust, with a total local workforce of 310 individuals. The location quotient of 2.2 indicates a concentration of Teller positions significantly higher than the national average, suggesting a strong local demand relative to the size of the workforce. This concentration implies that Tellers are a more integral part of the local economy than in many other regions.
Salary Overview
The average Tellers in Southwest Alabama nonmetropolitan area earns-17.4%below the national average.
$16.3
$650
$2,818
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in the Southwest Alabama nonmetropolitan area have experienced gradual growth over the past four years, mirroring general economic trends. This growth would likely be influenced by inflation, evolving banking technologies, and the overall economic health of the region, leading to modest but consistent increases in average annual earnings.
Tellers Salary Distribution in Southwest Alabama nonmetropolitan area
Career progression for Tellers typically involves a salary increase with experience. Entry-level positions often start at the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,890 | $13.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,365 | $12.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,490 | $17.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,275 | $20.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $38,770 | $18.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$33,820
Gross Pay
Real Wage (Purchasing Power)
$33,820
Adjusted for COL (100)
The nominal average annual salary of $33,820 in Southwest Alabama nonmetropolitan area aligns precisely with the national average cost of living, which is indexed at 100. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national average, indicating a balanced financial environment for residents.
Job Market Context
310
Total Jobs
4.852
Per 1K Jobs
2.2
Location Quotient
Southwest Alabama nonmetropolitan area has 2.2x 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 2.2, the Southwest Alabama nonmetropolitan area exhibits a Teller job market that is more than twice as concentrated as the national average. This suggests a highly competitive or, conversely, a very abundant market for Teller positions relative to the general workforce. Employers may find a deeper pool of candidates, or conversely, may need to offer competitive compensation to attract talent in this specialized local economy.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Tellers Salary | $37,470↑ 11% | 44 mi |
| Birmingham, AL Tellers Salary | $39,200↑ 16% | 50 mi |
| Tuscaloosa, AL Tellers Salary | $36,290↑ 7% | 52 mi |
| Auburn-Opelika, AL Tellers Salary | $37,780↑ 12% | 77 mi |
| Anniston-Oxford, AL Tellers Salary | $34,590↑ 2% | 82 mi |
Comparing salaries near Southwest Alabama nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southwest Alabama nonmetropolitan area?
The median annual salary for a Tellers in Southwest Alabama nonmetropolitan area is $33,820. This typically ranges from $27,890 for entry-level positions to $38,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Alabama nonmetropolitan area is 17.4% lower than the national median of $40,940.
Is Southwest Alabama nonmetropolitan area a lucrative place for Tellers?
No, it is not a lucrative place for Tellers.The average annual salary of $33,820 is significantly below the national average, despite the cost of living being on par with the national average.
Is Southwest Alabama nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southwest Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($37,470) and Birmingham, AL.
How does the Teller salary in Southwest Alabama compare to the national average?
The average annual salary for Tellers in Southwest Alabama is $33,820, which is considerably lower than the national average of $40,940.
What does the Location Quotient of 2.2 mean for Tellers in this area?
A Location Quotient of 2.2 indicates that Teller positions are more than twice as concentrated in Southwest Alabama compared to the national average, suggesting a higher relative demand or presence of these roles.
How does the cost of living affect the Teller salary in Southwest Alabama?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $33,820 salary has equivalent purchasing power to the national average salary in terms of living expenses.
What is the total number of Tellers in the Southwest Alabama nonmetropolitan area?
There are approximately 310 Tellers employed within the Southwest Alabama 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 310 employees in the Southwest Alabama nonmetropolitan area area with a job density of 4.852 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 Southwest Alabama nonmetropolitan area