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Average Tellers Salary in Syracuse, NY

In Syracuse, NY, Tellers earn an average annual salary of $39,570. This figure is slightly below the national average of $40,940, a common occurrence in markets where local economic factors and demand dynamics may influence compensation levels. The specific pay for Tellers in Syracuse is thus a reflection of the city's unique economic landscape.

Executive Summary

  • Average Salary: $39,570 per year.
  • Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $44,650.
  • Outlook: Syracuse, NY supports a dedicated workforce of 710 Tellers, with a Location Quotient of 1.09 indicating a slightly higher concentration of these roles compared to the national average. This suggests a stable, albeit not rapidly expanding, demand for Tellers within the local job market, underscoring a consistent need for these financial service professionals.
2024 Market Data

Salary Overview

$39,570

The average Tellers in Syracuse, NY earns-3.3%below the national average.

BreakdownBased on 40h/week
Hourly

$19

Weekly

$761

Monthly

$3,298

Tellers Salary Distribution in Syracuse, NY

The career trajectory for Tellers in Syracuse, NY, typically involves a progression from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data isn't available, it's understood that experienced Tellers command higher salaries, with significant gaps between the lowest and highest earners reflecting the value of accumulated skills and responsibilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,520$17.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$29,678$14.3
ManagerOversees team, compliance, and project delivery.50% (Median)$38,230$18.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$49,463$23.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$44,650$21.5

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$39,570

Gross Pay

Real Wage (Purchasing Power)

$39,570

Adjusted for COL (100)

With an average annual salary of $39,570 and a Cost of Living Index of 100, Tellers in Syracuse, NY, find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary in Syracuse is comparable to the national average, offering a stable financial foundation without significant gains or losses due to living expenses.

Job Market Context

710

Total Jobs

2.392

Per 1K Jobs

1.09

Location Quotient

Above Average

With a location quotient of 1.09, Syracuse, NY has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

The Location Quotient of 1.09 for Tellers in Syracuse, NY, signifies a job market where these professionals are slightly more prevalent than the national average. This suggests a moderately competitive environment, where the demand for Tellers is consistent with their availability, offering a balanced landscape for both job seekers and employers.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Ithaca, NY Tellers Salary$40,550↑ 2%45 mi
Utica-Rome, NY Tellers Salary$39,530↓ 0%46 mi
Watertown-Fort Drum, NY Tellers Salary$39,170↓ 1%66 mi
Binghamton, NY Tellers Salary$38,660↓ 2%66 mi
Elmira, NY Tellers Salary$39,460↓ 0%74 mi

Comparing salaries near Syracuse, NY

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Syracuse, NY?

The median annual salary for a Tellers in Syracuse, NY is $39,570. This typically ranges from $36,520 for entry-level positions to $44,650 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Syracuse, NY is 3.3% lower than the national median of $40,940.

Is Syracuse, NY a lucrative place for Tellers?

No, not significantly more lucrative than the national average.Tellers in Syracuse earn slightly less than the national average, and the cost of living is on par with the national average, indicating comparable earning potential and expenses.

Is Syracuse, NY a good place to live for Tellers?

The Cost of Living Index in Syracuse, NY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Syracuse, NY?

Some top paying nearby cities include Ithaca, NY ($40,550) and Utica-Rome, NY.

How does the Syracuse Teller salary compare to the national average?

The average annual salary for Tellers in Syracuse, NY is $39,570, which is slightly below the national average of $40,940.

What is the concentration of Tellers in Syracuse, NY?

Syracuse, NY has a Location Quotient of 1.09 for Tellers, indicating a slightly higher concentration of these roles compared to the national average.

How does the cost of living in Syracuse affect Teller salaries?

The Cost of Living Index in Syracuse is 100, which is the national average. This means the $39,570 salary has purchasing power equivalent to the national average.

What is the total number of Tellers in Syracuse, NY?

There are approximately 710 Tellers employed in Syracuse, NY.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 710 employees in the Syracuse, NY area with a job density of 2.392 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Syracuse, NY