Average Tellers Salary in Texarkana, TX-AR
Tellers in Texarkana, TX-AR earn an average annual salary of $34,390, which is notably below the national average of $40,940. This disparity can often be attributed to regional economic factors, local demand for banking services, and the overall cost of doing business within the Texarkana metropolitan area. These localized influences shape the compensation landscape for financial service professionals.
Executive Summary
- Average Salary: $34,390 per year.
- Growth Trend: Salaries have shifted 13.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,000.
- Outlook: With a total local workforce of 210 Tellers, Texarkana presents a moderately sized employment pool for this role. The Location Quotient of 1.66 indicates a concentration of Tellers significantly higher than the national average, suggesting a robust local demand or a specialized banking sector that favors these positions. This concentration points towards a stable, and potentially growing, job market for Tellers in the region.
Salary Overview
The average Tellers in Texarkana, TX-AR earns-16.0%below the national average.
$16.5
$661
$2,866
Tellers Salary Trends (2020-2024)
While specific historical data for Texarkana Tellers is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns in the financial sector. Factors such as inflation, increased demand for financial services, and evolving teller responsibilities likely contribute to incremental increases in average compensation, aiming to keep pace with economic shifts.
Tellers Salary Distribution in Texarkana, TX-AR
The salary trajectory for Tellers in Texarkana typically scales with experience. Entry-level positions will likely fall at the lower end of the pay scale, while seasoned professionals with extensive knowledge of banking operations, customer service, and financial products can command significantly higher salaries. The percentile gaps in earnings signify clear opportunities for career progression and increased earning potential as Tellers advance their skills and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,790 | $13.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,793 | $12.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $34,710 | $16.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,988 | $20.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,000 | $20.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,390
Gross Pay
Real Wage (Purchasing Power)
$34,390
Adjusted for COL (100)
The average annual salary of $34,390 for Tellers in Texarkana aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Texarkana is equivalent to the national average, offering no significant advantage or disadvantage in terms of affordability for residents compared to the rest of the country.
Job Market Context
210
Total Jobs
3.661
Per 1K Jobs
1.66
Location Quotient
Texarkana, TX-AR 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.
A Location Quotient of 1.66 for Tellers in Texarkana signifies that this profession is 66% more concentrated in the area than the national average. This suggests a strong local demand for Tellers, potentially driven by a higher number of financial institutions or a specific focus on retail banking services within the Texarkana economy, making the job market relatively abundant for those seeking these roles.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Shreveport-Bossier City, LA Tellers Salary | $35,060↑ 2% | 70 mi |
| Longview, TX Tellers Salary | $34,940↑ 2% | 75 mi |
| Hot Springs, AR Tellers Salary | $32,140↓ 7% | 93 mi |
Comparing salaries near Texarkana, TX-AR
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Texarkana, TX-AR?
The median annual salary for a Tellers in Texarkana, TX-AR is $34,390. This typically ranges from $27,790 for entry-level positions to $43,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Texarkana, TX-AR is 16.0% lower than the national median of $40,940.
Is Texarkana, TX-AR a lucrative place for Tellers?
No, not particularly lucrative compared to the national average.While the Cost of Living is at the national average, the average Teller salary of $34,390 is significantly lower than the national average of $40,940, indicating less lucrative earning potential.
Is Texarkana, TX-AR a good place to live for Tellers?
The Cost of Living Index in Texarkana, TX-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Texarkana, TX-AR?
Some top paying nearby cities include Shreveport-Bossier City, LA ($35,060) and Longview, TX.
How does the Texarkana Teller salary compare to the national average?
The average annual salary for Tellers in Texarkana, TX-AR is $34,390, which is considerably lower than the national average of $40,940.
What does the Location Quotient of 1.66 mean for Tellers in Texarkana?
A Location Quotient of 1.66 indicates that Tellers are 66% more concentrated in Texarkana than the national average, suggesting higher local demand or a specialized banking industry presence.
Is the Cost of Living in Texarkana a factor in Teller salaries?
The Cost of Living Index in Texarkana is 100, matching the national average. This means the lower salary is not offset by lower living expenses; the purchasing power is equivalent to the national average.
What is the total number of Tellers employed in Texarkana?
There are approximately 210 Tellers employed within the Texarkana, TX-AR area, contributing to the local financial services workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Texarkana, TX-AR area with a job density of 3.661 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 Texarkana, TX-AR