Average Tellers Salary in Southwest Maine nonmetropolitan area
Tellers in Southwest Maine's nonmetropolitan areas earn an average annual salary of $40,130. This figure is slightly below the national average of $40,940, reflecting the unique economic dynamics and potentially lower operational costs often found in nonmetropolitan regions. The pay scale in this area is influenced by local demand, the cost of living, and the specific financial institutions operating within the community.
Executive Summary
- Average Salary: $40,130 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,430.
- Outlook: With a local workforce of 520 Tellers, Southwest Maine's nonmetropolitan area demonstrates a stable, albeit niche, job market for this profession. The Location Quotient of 1.66 indicates a concentration of Teller positions significantly higher than the national average, suggesting a robust demand relative to the general workforce and a potentially strong presence of financial institutions catering to the local population.
Salary Overview
The average Tellers in Southwest Maine nonmetropolitan area earns-2.0%below the national average.
$19.3
$772
$3,344
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 Southwest Maine's nonmetropolitan areas have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, evolving banking technologies requiring new skill sets, and the general economic health of the region, which influences wage adjustments.
Tellers Salary Distribution in Southwest Maine nonmetropolitan area
Career progression for Tellers in Southwest Maine typically involves moving from entry-level roles to more experienced positions, which naturally command higher salaries. While specific percentile data isn't available, the salary spectrum likely shows a noticeable increase for senior Tellers who possess greater experience, handle more complex transactions, or take on supervisory responsibilities, reflecting their increased value and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,690 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,098 | $14.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,300 | $18.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,163 | $24.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,430 | $21.8 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$40,130
Gross Pay
Real Wage (Purchasing Power)
$40,130
Adjusted for COL (100)
The nominal average annual salary of $40,130 in Southwest Maine'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 comparable to the national average, suggesting that while the pay is not exceptionally high, it is well-supported by the local economic conditions and cost of goods and services.
Job Market Context
520
Total Jobs
3.663
Per 1K Jobs
1.66
Location Quotient
Southwest Maine nonmetropolitan area has 1.7x 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.
The Location Quotient of 1.66 for Tellers in Southwest Maine's nonmetropolitan area signifies a market where this profession is notably more concentrated than the national average. This suggests that Tellers are in relatively higher demand or that the financial sector has a more significant footprint in this region compared to other industries, potentially leading to more job opportunities and a competitive hiring landscape.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Tellers Salary | $40,890↑ 2% | 31 mi |
| Lewiston-Auburn, ME Tellers Salary | $41,270↑ 3% | 57 mi |
| Portland-South Portland, ME Tellers Salary | $42,270↑ 5% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southwest Maine nonmetropolitan area?
The median annual salary for a Tellers in Southwest Maine nonmetropolitan area is $40,130. This typically ranges from $36,690 for entry-level positions to $45,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 2.0% lower than the national median of $40,940.
Is Southwest Maine nonmetropolitan area a lucrative place for Tellers?
No, but it offers stable employment.While the average salary of $40,130 is slightly below the national average, the cost of living is also at the national average, making the purchasing power comparable. The strong location quotient indicates consistent demand for Tellers in the region.
Is Southwest Maine nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($40,890) and Lewiston-Auburn, ME.
How does the Teller salary in Southwest Maine compare to the national average?
Tellers in Southwest Maine earn an average of $40,130 annually, which is slightly less than the national average of $40,940.
What does the Location Quotient of 1.66 mean for Tellers in this area?
A Location Quotient of 1.66 indicates that Tellers are more concentrated in Southwest Maine's nonmetropolitan areas than the national average, suggesting a higher relative demand for these roles.
Is the cost of living high in Southwest Maine for Tellers?
The cost of living in Southwest Maine's nonmetropolitan area is at the national average (index of 100), meaning your salary's purchasing power is similar to the national standard.
How many Tellers are employed in Southwest Maine's nonmetropolitan area?
There are approximately 520 Tellers employed within the Southwest Maine nonmetropolitan area workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Southwest Maine nonmetropolitan area area with a job density of 3.663 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 Maine nonmetropolitan area