Average Tellers Salary in Southwest Iowa nonmetropolitan area
Tellers in the Southwest Iowa nonmetropolitan area earn an average annual salary of $38,310. This figure is slightly below the national average of $40,940, reflecting regional economic factors and the specific demand within this locale. The compensation is influenced by the cost of living and the concentration of financial institutions in the area.
Executive Summary
- Average Salary: $38,310 per year.
- Growth Trend: Salaries have shifted 25.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,810.
- Outlook: The job market for Tellers in Southwest Iowa appears robust, with a total local workforce of 430 individuals. The Location Quotient of 2.69 significantly exceeds the national average, indicating a higher concentration of Teller positions relative to the general workforce in this region compared to the rest of the country. This suggests a strong local demand for these financial service professionals.
Salary Overview
The average Tellers in Southwest Iowa nonmetropolitan area earns-6.4%below the national average.
$18.4
$737
$3,193
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in Southwest Iowa have experienced modest growth over the past four years, mirroring national trends. Economic development and inflation typically drive incremental increases in compensation for roles across various sectors, including banking and finance.
Tellers Salary Distribution in Southwest Iowa nonmetropolitan area
Salary progression for Tellers typically correlates with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command higher salaries. The percentile gaps in earnings signify the career trajectory available, with senior Tellers earning substantially more than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,430 | $14.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,733 | $13.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,970 | $17.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $47,888 | $23 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,810 | $21.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,310
Gross Pay
Real Wage (Purchasing Power)
$38,310
Adjusted for COL (100)
The nominal average annual salary of $38,310 in Southwest Iowa 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 comparable to the national average, suggesting that the slightly lower nominal wage is balanced by the cost of everyday expenses.
Job Market Context
430
Total Jobs
5.921
Per 1K Jobs
2.69
Location Quotient
Southwest Iowa nonmetropolitan area has 2.7x 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 2.69, Southwest Iowa exhibits a significantly higher concentration of Teller jobs than the national average. This indicates that the job market for Tellers in this region is relatively abundant and potentially less competitive than in areas with lower quotients, offering more opportunities for those seeking employment in this role.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Ames, IA Tellers Salary | $40,990↑ 7% | 21 mi |
| Des Moines-West Des Moines, IA Tellers Salary | $42,040↑ 10% | 37 mi |
| Waterloo-Cedar Falls, IA Tellers Salary | $39,170↑ 2% | 55 mi |
| Cedar Rapids, IA Tellers Salary | $40,100↑ 5% | 79 mi |
| Iowa City, IA Tellers Salary | $42,170↑ 10% | 90 mi |
Comparing salaries near Southwest Iowa nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southwest Iowa nonmetropolitan area?
The median annual salary for a Tellers in Southwest Iowa nonmetropolitan area is $38,310. This typically ranges from $29,430 for entry-level positions to $44,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Iowa nonmetropolitan area is 6.4% lower than the national median of $40,940.
Is Southwest Iowa nonmetropolitan area a lucrative place for Tellers?
No, not significantly more lucrative than the national average.While the cost of living is average, the nominal salary for Tellers is below the national average. However, the high concentration of jobs suggests good local opportunity.
Is Southwest Iowa nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southwest Iowa nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Iowa nonmetropolitan area?
Some top paying nearby cities include Ames, IA ($40,990) and Des Moines-West Des Moines, IA.
How does the number of Tellers per 1,000 workers compare nationally?
With 5.921 jobs per 1,000 workers, Southwest Iowa has a notably higher density of Teller positions compared to the national average, reinforcing the strong local demand.
What does a Location Quotient of 2.69 mean for Teller jobs?
A Location Quotient of 2.69 signifies that Teller jobs are more than 2.5 times as concentrated in Southwest Iowa compared to the national average, indicating a specialized and robust local market.
How does the cost of living affect the Teller salary in Southwest Iowa?
The Cost of Living Index being at 100 means that the $38,310 salary has average purchasing power, effectively offsetting the slightly lower nominal wage compared to the national average.
What is the overall job market outlook for Tellers in this region?
The outlook is positive, characterized by a substantial local workforce and a high concentration of Teller roles, suggesting consistent demand and employment opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Southwest Iowa nonmetropolitan area area with a job density of 5.921 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 Iowa nonmetropolitan area