Average Tellers Salary in Southwest Virginia nonmetropolitan area
In the Southwest Virginia nonmetropolitan area, Tellers earn an average annual salary of $34,470. This figure is notably below the national average of $40,940, reflecting regional economic factors and potentially a lower demand for banking services compared to more urbanized areas. The specific economic landscape of this nonmetropolitan region directly influences the compensation offered to its banking professionals.
Executive Summary
- Average Salary: $34,470 per year.
- Growth Trend: Salaries have shifted 23.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $39,670.
- Outlook: The job market for Tellers in Southwest Virginia's nonmetropolitan area appears moderately concentrated, with a total local workforce of 400 individuals in this role. The Location Quotient of 1.54 indicates a higher concentration of Tellers compared to the national average, suggesting a stable, albeit not rapidly expanding, demand within this specific geographic niche.
Salary Overview
The average Tellers in Southwest Virginia nonmetropolitan area earns-15.8%below the national average.
$16.6
$663
$2,873
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in nonmetropolitan areas like Southwest Virginia have experienced modest growth over the past four years, mirroring broader economic trends. This growth is likely influenced by inflation, cost of living adjustments, and the ongoing need for essential banking services, even in less densely populated regions.
Tellers Salary Distribution in Southwest Virginia nonmetropolitan area
Career progression for Tellers typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command higher salaries. The percentile gaps in salary distribution signify clear 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) | $26,930 | $12.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,853 | $12.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,090 | $17.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $43,088 | $20.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $39,670 | $19.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,470
Gross Pay
Real Wage (Purchasing Power)
$34,470
Adjusted for COL (100)
The nominal average annual salary of $34,470 in Southwest Virginia's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average for Tellers, the purchasing power of that salary is equivalent to the national average, making the effective financial standing comparable.
Job Market Context
400
Total Jobs
3.393
Per 1K Jobs
1.54
Location Quotient
Southwest Virginia nonmetropolitan area has 1.5x 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 1.54, Southwest Virginia's nonmetropolitan area exhibits a higher concentration of Tellers than the national average. This suggests that the job market is relatively abundant with Teller positions compared to other professions in the region, potentially leading to increased competition for roles but also indicating a steady presence of these essential banking jobs.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Tellers Salary | $43,730↑ 27% | 25 mi |
| Richmond, VA Tellers Salary | $44,300↑ 29% | 41 mi |
| Staunton-Stuarts Draft, VA Tellers Salary | $38,890↑ 13% | 56 mi |
| Harrisonburg, VA Tellers Salary | $41,120↑ 19% | 60 mi |
| Lynchburg, VA Tellers Salary | $40,390↑ 17% | 61 mi |
Comparing salaries near Southwest Virginia nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Southwest Virginia nonmetropolitan area?
The median annual salary for a Tellers in Southwest Virginia nonmetropolitan area is $34,470. This typically ranges from $26,930 for entry-level positions to $39,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Virginia nonmetropolitan area is 15.8% lower than the national median of $40,940.
Is Southwest Virginia nonmetropolitan area a lucrative place for Tellers?
No, it is not a particularly lucrative place for Tellers.The average salary of $34,470 is significantly lower than the national average, although the cost of living is also at the national average, making the purchasing power comparable.
Is Southwest Virginia nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Southwest Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($43,730) and Richmond, VA.
How does the Teller salary in Southwest Virginia compare to the national average?
Tellers in Southwest Virginia earn an average of $34,470 annually, which is approximately $6,470 less than the national average of $40,940.
What does a Location Quotient of 1.54 mean for Tellers in this area?
A Location Quotient of 1.54 indicates that Tellers are 54% more concentrated in Southwest Virginia's nonmetropolitan area than the national average, suggesting a higher prevalence of these roles.
How does the cost of living affect the Teller salary in Southwest Virginia?
The Cost of Living Index is 100, matching the national average. This means the $34,470 salary has the same purchasing power as the national average salary, despite being nominally lower.
What is the total number of Tellers in Southwest Virginia's nonmetropolitan area?
There are approximately 400 Tellers employed in the Southwest Virginia 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 400 employees in the Southwest Virginia nonmetropolitan area area with a job density of 3.393 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 Virginia nonmetropolitan area