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Average Tellers Salary in Toledo, OH

Tellers in Toledo, OH, earn an average annual salary of $42,770, which is notably higher than the national average of $40,940. This localized pay reflects the specific economic conditions and demand within the Toledo metropolitan area, influencing compensation for financial service professionals.

Executive Summary

  • Average Salary: $42,770 per year.
  • Growth Trend: Salaries have shifted 34.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,920.
  • Outlook: With a local workforce of 690 Tellers and a Location Quotient of 1.08, Toledo demonstrates a slightly higher concentration of these roles compared to the national average. This suggests a stable, if not slightly growing, demand for Tellers within the region, indicating a robust job market for this profession.
2024 Market Data

Salary Overview

$42,770

The average Tellers in Toledo, OH earns+4.5%above the national average.

BreakdownBased on 40h/week
Hourly

$20.6

Weekly

$823

Monthly

$3,564

Tellers Salary Distribution in Toledo, OH

The salary range for Tellers in Toledo, OH, typically spans from entry-level positions to senior roles. As Tellers gain experience and develop specialized skills, their earning potential increases significantly, with higher percentiles reflecting greater expertise and responsibility within financial institutions.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,550$17.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$32,078$15.4
ManagerOversees team, compliance, and project delivery.50% (Median)$44,240$21.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$53,463$25.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,920$22.1

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$42,770

Gross Pay

Real Wage (Purchasing Power)

$42,770

Adjusted for COL (100)

The average annual salary of $42,770 in Toledo aligns perfectly with the local Cost of Living Index of 100, which is the national benchmark. This means that the purchasing power of a Teller's salary in Toledo is equivalent to the national average, offering a stable financial environment for residents.

Job Market Context

690

Total Jobs

2.381

Per 1K Jobs

1.08

Location Quotient

Above Average

With a location quotient of 1.08, Toledo, OH has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

A Location Quotient of 1.08 indicates that Tellers are slightly more concentrated in Toledo, OH, than the national average. This suggests a healthy and competitive job market where employers may need to offer competitive compensation to attract and retain skilled financial professionals.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Monroe, MI Tellers Salary$40,230↓ 6%20 mi
Ann Arbor, MI Tellers Salary$41,490↓ 3%43 mi
Sandusky, OH Tellers Salary$40,900↓ 4%48 mi
Detroit-Warren-Dearborn, MI Tellers Salary$40,990↓ 4%54 mi
Jackson, MI Tellers Salary$38,570↓ 10%58 mi

Comparing salaries near Toledo, OH

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Toledo, OH?

The median annual salary for a Tellers in Toledo, OH is $42,770. This typically ranges from $36,550 for entry-level positions to $45,920 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Toledo, OH is 4.5% higher than the national median of $40,940.

Is Toledo, OH a lucrative place for Tellers?

Yes, Toledo, OH offers a slightly more lucrative environment for Tellers.Tellers in Toledo earn above the national average salary, and the cost of living is on par with the national average, indicating good purchasing power.

Is Toledo, OH a good place to live for Tellers?

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

Where are the highest paying cities near Toledo, OH?

Some top paying nearby cities include Monroe, MI ($40,230) and Ann Arbor, MI.

How does Toledo's Teller salary compare to the national average?

Tellers in Toledo, OH, earn an average of $42,770 annually, which is $1,830 more than the national average of $40,940.

What is the concentration of Tellers in Toledo, OH?

Toledo, OH has a Location Quotient of 1.08 for Tellers, meaning the profession is slightly more concentrated there than the national average.

How does the cost of living in Toledo affect a Teller's salary?

With a Cost of Living Index of 100, the national average, a Teller's salary of $42,770 in Toledo has the same purchasing power as the national average salary.

What is the total number of Tellers employed in Toledo, OH?

There are approximately 690 Tellers employed within the Toledo, OH workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 690 employees in the Toledo, OH area with a job density of 2.381 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 Toledo, OH