Average Tellers Salary in Southwest Colorado nonmetropolitan area
Tellers in the Southwest Colorado nonmetropolitan area earn an average annual salary of $41,800, slightly surpassing the national average of $40,940. This premium in compensation can be attributed to the unique economic landscape and potentially lower supply of specialized financial service professionals in this region, making the role more valuable locally.
Executive Summary
- Average Salary: $41,800 per year.
- Growth Trend: Salaries have shifted 22.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,250.
- Outlook: With a total local workforce of 320 Tellers, the Southwest Colorado nonmetropolitan area demonstrates a stable employment base for this profession. The Location Quotient of 1.35 indicates a higher concentration of Tellers compared to the national average, suggesting a consistent demand and a specialized market for these financial service roles within the region.
Salary Overview
The average Tellers in Southwest Colorado nonmetropolitan area earns+2.1%above the national average.
$20.1
$804
$3,483
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in Southwest Colorado have experienced steady growth over the past four years, mirroring national trends. Economic development and inflation typically drive incremental increases in compensation for most roles, including those in the financial sector.
Tellers Salary Distribution in Southwest Colorado nonmetropolitan area
As Tellers gain experience, their earning potential typically increases significantly. Entry-level positions may start closer to the lower end of the salary spectrum, while senior Tellers with extensive knowledge of financial products, customer service expertise, and potentially supervisory duties can command higher salaries. The percentile gaps in salary data would reflect this career progression.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,940 | $15.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,350 | $15.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $40,510 | $19.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $52,250 | $25.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,250 | $22.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$41,800
Gross Pay
Real Wage (Purchasing Power)
$41,800
Adjusted for COL (100)
The average annual salary of $41,800 in Southwest Colorado aligns perfectly with the national average cost of living index of 100. This means that the nominal salary holds its purchasing power directly against the national average, offering a balanced financial standing for Tellers relocating to or residing in this area.
Job Market Context
320
Total Jobs
2.975
Per 1K Jobs
1.35
Location Quotient
With a location quotient of 1.35, Southwest Colorado nonmetropolitan area has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
The Location Quotient of 1.35 for Tellers in Southwest Colorado signifies a market where this profession is more concentrated than the national average. This suggests a robust demand relative to the general workforce, potentially leading to more job opportunities and a competitive environment for employers seeking qualified candidates.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Tellers Salary | $42,890↑ 3% | 32 mi |
| Denver-Aurora-Centennial, CO Tellers Salary | $47,140↑ 13% | 54 mi |
| Pueblo, CO Tellers Salary | $39,820↓ 5% | 66 mi |
| Boulder, CO Tellers Salary | $45,250↑ 8% | 67 mi |
| Greeley, CO Tellers Salary | $41,850↑ 0% | 98 mi |
Comparing salaries near Southwest Colorado nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southwest Colorado nonmetropolitan area?
The median annual salary for a Tellers in Southwest Colorado nonmetropolitan area is $41,800. This typically ranges from $31,940 for entry-level positions to $47,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Colorado nonmetropolitan area is 2.1% higher than the national median of $40,940.
Is Southwest Colorado nonmetropolitan area a lucrative place for Tellers?
Yes, it offers a slightly above-average salary.Tellers in this region earn more than the national average, and the cost of living is on par with the national average, making it a financially stable location.
Is Southwest Colorado nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southwest Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Colorado nonmetropolitan area?
Some top paying nearby cities include Colorado Springs, CO ($42,890) and Denver-Aurora-Centennial, CO.
How does the Teller salary compare to the national average?
The average annual salary for Tellers in Southwest Colorado is $41,800, which is higher than the national average of $40,940.
What is the Cost of Living in Southwest Colorado compared to the national average?
The Cost of Living Index in Southwest Colorado is 100, which is exactly the national average, meaning prices for goods and services are comparable nationwide.
Is there high demand for Tellers in Southwest Colorado?
With a Location Quotient of 1.35, Tellers are more concentrated in this area than the national average, indicating a potentially strong demand for their services.
How many Tellers are employed in Southwest Colorado?
There are approximately 320 Tellers employed in the Southwest Colorado 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 320 employees in the Southwest Colorado nonmetropolitan area area with a job density of 2.975 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 Colorado nonmetropolitan area