Tellers in Texas earn an average annual salary of $37,780, which is slightly below the national average of $40,940. This difference in compensation is often influenced by a variety of local economic factors, including the cost of living, regional demand for banking services, and the overall economic health of the state. While the nominal salary may appear lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $37,780 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,540.
- Outlook: With a substantial local workforce of 26,390 Tellers, Texas demonstrates a significant presence in this sector. The Location Quotient of 0.87 suggests that the concentration of Tellers in Texas is slightly below the national average, indicating a stable but not overly saturated job market. The rate of 1.906 jobs per 1,000 workers further supports the notion of consistent employment opportunities within the state.
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in Texas have experienced gradual growth over the past four years, mirroring general economic trends and inflation. Increases in the cost of living and evolving demands within the financial sector likely contribute to upward pressure on wages, ensuring that compensation remains competitive within the state's economic framework.
Tellers Salary Distribution in Texas
Career progression for Tellers in Texas typically involves a salary increase with accumulating experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive knowledge of banking procedures, customer service, and financial products can command significantly higher salaries. The percentile gaps in earnings reflect this growth, with senior Tellers often earning well above the average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,040 | $14 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,335 | $13.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,190 | $17.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $47,225 | $22.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,540 | $22.4 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$37,780
Gross Pay
Real Wage (Purchasing Power)
$40,624
Adjusted for COL (93)
The average annual salary of $37,780 in Texas aligns favorably with its Cost of Living Index of 93. This index indicates that the general cost of goods and services in Texas is approximately 7% lower than the national average. Therefore, the nominal salary earned by Tellers in Texas may offer a comparable or even slightly better purchasing power than a higher salary in a more expensive state.
Job Market Context
26,390
Total Jobs
1.906
Per 1K Jobs
0.87
Location Quotient
Texas has 0.87x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.87 for Tellers in Texas signifies that the proportion of Tellers relative to the total workforce is slightly lower than the national average. This suggests that while the job market is robust with a large number of Tellers, it is not disproportionately concentrated compared to other professions nationwide, implying a healthy balance between available jobs and the workforce.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Killeen-Temple, TX Tellers Salary | $36,430↓ 4% | 10 mi |
| Waco, TX Tellers Salary | $35,530↓ 6% | 41 mi |
| Austin-Round Rock-San Marcos, TX Tellers Salary | $41,390↑ 10% | 53 mi |
| College Station-Bryan, TX Tellers Salary | $36,640↓ 3% | 82 mi |
Comparing salaries near Texas
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Texas?
The median annual salary for a Tellers in Texas is $37,780. This typically ranges from $29,040 for entry-level positions to $46,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Texas is 7.7% lower than the national median of $40,940.
Is Texas a lucrative place for Tellers?
No, but cost of living offers value.While the average Teller salary in Texas ($37,780) is below the national average, the lower cost of living (93 index) means that your earnings may stretch further than in higher-cost states.
Is Texas a good place to live for Tellers?
With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Texas?
Some top paying nearby cities include Killeen-Temple, TX ($36,430) and Waco, TX.
How does experience affect a Teller's salary in Texas?
Experience is a significant factor; entry-level Tellers earn less, while senior Tellers with specialized skills and longer tenures command higher salaries, reflecting career progression.
What is the job outlook for Tellers in Texas?
The outlook is stable, with a large workforce and a concentration slightly below the national average, suggesting consistent demand and employment opportunities.
Is the Texas job market for Tellers competitive?
The market is moderately competitive, with a substantial number of Tellers but a concentration that isn't excessively high, indicating a balanced supply and demand.
How does the Texas salary compare to the national average?
The average Texas Teller salary of $37,780 is approximately 7.7% lower than the national average of $40,940.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 26,390 employees in the Texas area with a job density of 1.906 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Tellers Salaries by State
Top Jobs in Texas
- All Occupations Salary in Texas
- Office and Administrative Support Occupations Salary in Texas
- Food Preparation and Serving Related Occupations Salary in Texas
- Transportation and Material Moving Occupations Salary in Texas
- Management Occupations Salary in Texas
- Sales and Related Occupations Salary in Texas
- Business and Financial Operations Occupations Salary in Texas
- Educational Instruction and Library Occupations Salary in Texas
- Healthcare Practitioners and Technical Occupations Salary in Texas
- Production Occupations Salary in Texas
- Browse All Jobs in Texas →
Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Texas