Average Tellers Salary in Terre Haute, IN
Tellers in Terre Haute, Indiana, earn an average annual salary of $36,050. This figure is notably below the national average of $40,940, indicating that local market dynamics and potentially lower demand contribute to this compensation difference. The specific economic conditions and banking sector structure within Terre Haute play a significant role in shaping teller wages.
Executive Summary
- Average Salary: $36,050 per year.
- Growth Trend: Salaries have shifted 36.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,820.
- Outlook: With a local workforce of 250 Tellers and a Location Quotient of 1.78, Terre Haute exhibits a concentration of these roles significantly above the national average. This suggests a robust local demand for Tellers relative to other occupations, implying a stable job market for individuals in this profession within the area.
Salary Overview
The average Tellers in Terre Haute, IN earns-11.9%below the national average.
$17.3
$693
$3,004
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in Terre Haute, as in most markets, have experienced a gradual upward trend over the past four years. This growth is typically driven by inflation, increased responsibilities, and the ongoing need for financial service professionals, even if the pace of increase may vary.
Tellers Salary Distribution in Terre Haute, IN
Career progression for Tellers in Terre Haute typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data isn't available, the typical salary range for Tellers suggests that experienced professionals can command higher earnings, with significant gaps between entry-level and senior positions reflecting accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,660 | $14.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,038 | $13 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $34,890 | $16.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,063 | $21.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $44,820 | $21.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,050
Gross Pay
Real Wage (Purchasing Power)
$36,050
Adjusted for COL (100)
The average annual salary of $36,050 in Terre Haute aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Terre Haute is equivalent to the national average, suggesting that while the nominal pay is lower than the national average, the cost of goods and services balances this out.
Job Market Context
250
Total Jobs
3.916
Per 1K Jobs
1.78
Location Quotient
Terre Haute, IN has 1.8x 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.
Terre Haute's Location Quotient of 1.78 signifies a substantial concentration of Tellers compared to the national average. This indicates that the job market for Tellers in Terre Haute is more robust and specialized than in many other regions, potentially leading to more opportunities but also a more competitive environment for those seeking employment.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IN Tellers Salary | $38,810↑ 8% | 50 mi |
| Northern Indiana nonmetropolitan area Tellers Salary | $36,890↑ 2% | 65 mi |
| Southern Indiana nonmetropolitan area Tellers Salary | $38,240↑ 6% | 65 mi |
| Central Indiana nonmetropolitan area Tellers Salary | $37,570↑ 4% | 65 mi |
| Champaign-Urbana, IL Tellers Salary | $37,270↑ 3% | 65 mi |
Comparing salaries near Terre Haute, IN
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Terre Haute, IN?
The median annual salary for a Tellers in Terre Haute, IN is $36,050. This typically ranges from $30,660 for entry-level positions to $44,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Terre Haute, IN is 11.9% lower than the national median of $40,940.
Is Terre Haute, IN a lucrative place for Tellers?
No, but the cost of living offsets the lower salary.While the average salary of $36,050 is below the national average, Terre Haute's Cost of Living Index of 100 means your earnings have equivalent purchasing power to the national average.
Is Terre Haute, IN a good place to live for Tellers?
The Cost of Living Index in Terre Haute, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Terre Haute, IN?
Some top paying nearby cities include Bloomington, IN ($38,810) and Northern Indiana nonmetropolitan area.
How does the Terre Haute Teller salary compare to the national average?
The average annual salary for Tellers in Terre Haute, IN is $36,050, which is lower than the national average of $40,940.
What is the concentration of Tellers in Terre Haute, IN?
Terre Haute has a higher concentration of Tellers than the national average, indicated by a Location Quotient of 1.78.
Does experience impact a Teller's salary in Terre Haute?
Yes, typically, more experienced Tellers in Terre Haute can expect to earn higher salaries than entry-level positions, reflecting increased skills and responsibilities.
What is the cost of living in Terre Haute, IN for Tellers?
The Cost of Living Index in Terre Haute, IN is 100, which is exactly the national average, meaning the cost of goods and services is comparable nationwide.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Terre Haute, IN area with a job density of 3.916 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 Terre Haute, IN