Average Tellers Salary in Southwest New York nonmetropolitan area
Tellers in the Southwest New York nonmetropolitan area earn an average annual salary of $38,880. This figure is slightly below the national average of $40,940, a common occurrence in nonmetropolitan regions where operational costs and market demand can influence compensation structures. The specific economic landscape and banking needs of this area contribute to the prevailing wage for teller positions.
Executive Summary
- Average Salary: $38,880 per year.
- Growth Trend: Salaries have shifted 25.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,620.
- Outlook: The job market for Tellers in Southwest New York nonmetropolitan area appears robust, with a total local workforce of 550 individuals in this role. The Location Quotient of 1.42 indicates a concentration of these jobs significantly higher than the national average, suggesting a strong demand and a specialized need for banking professionals within this region.
Salary Overview
The average Tellers in Southwest New York nonmetropolitan area earns-5.0%below the national average.
$18.7
$748
$3,240
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in the Southwest New York nonmetropolitan area have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. Such increases are typical as the cost of living rises and the demand for financial services evolves.
Tellers Salary Distribution in Southwest New York nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more senior roles, which is reflected in salary increases. While exact figures vary, experienced Tellers often command higher salaries than their less experienced counterparts, with significant percentile gaps indicating substantial earning potential as one advances through different levels of responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,970 | $16.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,160 | $14 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,530 | $18 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,600 | $23.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,620 | $21.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$38,880
Gross Pay
Real Wage (Purchasing Power)
$38,880
Adjusted for COL (100)
The nominal salary of $38,880 in Southwest New York nonmetropolitan area aligns precisely 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, offering a stable financial environment for residents.
Job Market Context
550
Total Jobs
3.12
Per 1K Jobs
1.42
Location Quotient
With a location quotient of 1.42, Southwest New York nonmetropolitan area has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.42, Southwest New York nonmetropolitan area demonstrates a higher concentration of Teller positions relative to the national average. This suggests that the job market for Tellers here is more abundant and potentially more competitive than in other areas, offering ample opportunities for those seeking employment in this field.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Tellers Salary | $38,660↓ 1% | 49 mi |
| Kingston, NY Tellers Salary | $41,970↑ 8% | 51 mi |
| Scranton--Wilkes-Barre, PA Tellers Salary | $39,940↑ 3% | 64 mi |
| Utica-Rome, NY Tellers Salary | $39,530↑ 2% | 66 mi |
| Albany-Schenectady-Troy, NY Tellers Salary | $40,810↑ 5% | 68 mi |
Comparing salaries near Southwest New York nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southwest New York nonmetropolitan area?
The median annual salary for a Tellers in Southwest New York nonmetropolitan area is $38,880. This typically ranges from $34,970 for entry-level positions to $44,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest New York nonmetropolitan area is 5.0% lower than the national median of $40,940.
Is Southwest New York nonmetropolitan area a lucrative place for Tellers?
No, it is slightly less lucrative than the national average.Tellers in this area earn $38,880 annually, which is below the national average of $40,940. However, the cost of living is also at the national average, making the effective earning potential comparable.
Is Southwest New York nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southwest New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($38,660) and Kingston, NY.
How does the Teller salary compare to the national average?
The average annual salary for Tellers in Southwest New York nonmetropolitan area is $38,880, which is slightly lower than the national average of $40,940.
What is the concentration of Teller jobs in this region?
The Location Quotient for Tellers in Southwest New York nonmetropolitan area is 1.42, indicating a concentration 42% higher than the national average.
How does the cost of living affect the Teller salary?
The Cost of Living Index is 100, which is the national average. This means the $38,880 salary has purchasing power equivalent to the national average.
What is the total number of Tellers in this area?
There are approximately 550 Tellers employed in the Southwest New York 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 550 employees in the Southwest New York nonmetropolitan area area with a job density of 3.12 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 New York nonmetropolitan area