Average Tellers Salary in Trenton-Princeton, NJ
Tellers in the Trenton-Princeton, NJ area earn an average annual salary of $43,470, surpassing the national average of $40,940. This localized premium is often influenced by the specific economic conditions and demand within the region, reflecting a slightly more favorable compensation landscape for this role in Trenton-Princeton.
Executive Summary
- Average Salary: $43,470 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $49,320.
- Outlook: With a local workforce of 420 Tellers and a Location Quotient of 0.81, the job market in Trenton-Princeton indicates a stable, though not exceptionally concentrated, demand for these professionals. The number of jobs per 1,000 workers at 1.777 suggests a consistent presence of Teller roles, reflecting a healthy, albeit not rapidly expanding, employment sector for this position within the state.
Salary Overview
The average Tellers in Trenton-Princeton, NJ earns+6.2%above the national average.
$20.9
$836
$3,623
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Trenton-Princeton is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Salary growth for Tellers typically aligns with inflation, cost of living adjustments, and the evolving demands of the financial services industry, suggesting a modest but steady increase in compensation.
Tellers Salary Distribution in Trenton-Princeton, NJ
The career trajectory for Tellers typically involves salary progression based on experience and skill development. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience in customer service, financial transactions, and potentially specialized banking products can expect to earn significantly more. The variance in pay across different experience levels highlights clear opportunities for career advancement and increased earning potential within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,110 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,603 | $15.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,320 | $21.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,338 | $26.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $49,320 | $23.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$43,470
Gross Pay
Real Wage (Purchasing Power)
$43,470
Adjusted for COL (100)
The average annual salary of $43,470 in Trenton-Princeton aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in this area is equivalent to the national average, offering a stable financial standing without significant advantages or disadvantages related to everyday expenses.
Job Market Context
420
Total Jobs
1.777
Per 1K Jobs
0.81
Location Quotient
Trenton-Princeton, NJ has 0.81x 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.
A Location Quotient of 0.81 suggests that Tellers are slightly less concentrated in the Trenton-Princeton area compared to the national average. This indicates a moderately competitive job market where demand is present but not overwhelmingly high, meaning Tellers may find a steady supply of opportunities without facing intense competition from a disproportionately large workforce.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Tellers Salary | $42,530↓ 2% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Tellers Salary | $39,540↓ 9% | 45 mi |
| New York-Newark-Jersey City, NY-NJ Tellers Salary | $46,200↑ 6% | 52 mi |
| Vineland, NJ Tellers Salary | $40,910↓ 6% | 54 mi |
| Atlantic City-Hammonton, NJ Tellers Salary | $42,170↓ 3% | 61 mi |
Comparing salaries near Trenton-Princeton, NJ
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Trenton-Princeton, NJ?
The median annual salary for a Tellers in Trenton-Princeton, NJ is $43,470. This typically ranges from $37,110 for entry-level positions to $49,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Trenton-Princeton, NJ is 6.2% higher than the national median of $40,940.
Is Trenton-Princeton, NJ a lucrative place for Tellers?
Yes, slightly more lucrative than the national average.Tellers in Trenton-Princeton earn approximately $2,500 more annually than the national average. Coupled with a cost of living that matches the national average, this makes the area a financially stable choice for Tellers.
Is Trenton-Princeton, NJ a good place to live for Tellers?
The Cost of Living Index in Trenton-Princeton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Trenton-Princeton, NJ?
Some top paying nearby cities include Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($42,530) and Allentown-Bethlehem-Easton, PA-NJ.
How does the Trenton-Princeton Teller salary compare to the national average?
The average annual salary for Tellers in Trenton-Princeton, NJ is $43,470, which is higher than the national average of $40,940.
What is the concentration of Tellers in Trenton-Princeton compared to the rest of the US?
The Location Quotient for Tellers in Trenton-Princeton is 0.81, indicating that the profession is slightly less concentrated in this area than the national average.
How does the cost of living in Trenton-Princeton affect Teller salaries?
The Cost of Living Index in Trenton-Princeton is 100, which is the national average. This means the $43,470 salary has the same purchasing power as the national average salary.
What is the total number of Tellers in the Trenton-Princeton workforce?
There are approximately 420 Tellers employed within the Trenton-Princeton, NJ local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Trenton-Princeton, NJ area with a job density of 1.777 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 Trenton-Princeton, NJ