Average Tellers Salary in Upper East Mississippi nonmetropolitan area
Tellers in the Upper East Mississippi nonmetropolitan area earn an average annual salary of $35,260. This figure is notably below the national average of $40,940, reflecting regional economic factors and a potentially lower demand for banking services in this specific nonmetropolitan setting. The localized pay scale is a direct consequence of the economic landscape and prevailing wage structures within this part of Mississippi.
Executive Summary
- Average Salary: $35,260 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,360.
- Outlook: With a local workforce of 820 Tellers and a Location Quotient of 1.73, the job market in Upper East Mississippi exhibits a significant concentration of these roles compared to the national average. This suggests a robust demand for Tellers within the region, indicating a stable employment outlook for individuals in this profession, despite the lower average salary.
Salary Overview
The average Tellers in Upper East Mississippi nonmetropolitan area earns-13.9%below the national average.
$17
$678
$2,938
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in nonmetropolitan areas like Upper East Mississippi have experienced modest growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased responsibilities, and the need for financial institutions to remain competitive in attracting and retaining qualified staff.
Tellers Salary Distribution in Upper East Mississippi nonmetropolitan area
The salary progression for Tellers in Upper East Mississippi typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with several years of experience and specialized skills can command higher salaries. The percentile gaps in earnings signify clear career progression opportunities, rewarding increased expertise and tenure within the role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,670 | $13.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $26,445 | $12.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,180 | $17.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $44,075 | $21.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,360 | $20.8 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$35,260
Gross Pay
Real Wage (Purchasing Power)
$35,260
Adjusted for COL (100)
The nominal average annual salary of $35,260 in Upper East Mississippi aligns perfectly with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average, the purchasing power of that salary is equivalent to the national average, suggesting that the cost of essential goods and services is comparable.
Job Market Context
820
Total Jobs
3.799
Per 1K Jobs
1.73
Location Quotient
Upper East Mississippi nonmetropolitan area 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.
The Location Quotient of 1.73 for Tellers in Upper East Mississippi indicates a market that is 73% more concentrated with these professionals than the national average. This suggests a strong regional specialization and potentially higher competition for available positions, or conversely, a sustained demand that supports a larger relative workforce.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Tellers Salary | $36,460↑ 3% | 43 mi |
Comparing salaries near Upper East Mississippi nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Upper East Mississippi nonmetropolitan area?
The median annual salary for a Tellers in Upper East Mississippi nonmetropolitan area is $35,260. This typically ranges from $28,670 for entry-level positions to $43,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Upper East Mississippi nonmetropolitan area is 13.9% lower than the national median of $40,940.
Is Upper East Mississippi nonmetropolitan area a lucrative place for Tellers?
No, it is not a lucrative place for Tellers based on average salary.The average Teller salary of $35,260 is significantly lower than the national average of $40,940. While the cost of living is average, the nominal pay does not reflect a lucrative earning potential compared to national benchmarks.
Is Upper East Mississippi nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Upper East Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Upper East Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($36,460) and others.
How does the local Teller salary compare to the national average?
The average annual salary for Tellers in Upper East Mississippi is $35,260, which is $5,680 less than the national average of $40,940.
What is the concentration of Tellers in Upper East Mississippi?
The Location Quotient of 1.73 indicates that Tellers are 73% more concentrated in Upper East Mississippi than the national average, suggesting a higher prevalence of these roles in the region.
How does the cost of living affect the Teller salary in this area?
With a Cost of Living Index of 100 (matching the national average), the $35,260 salary in Upper East Mississippi offers purchasing power equivalent to the national average, meaning expenses are neither significantly higher nor lower.
What does the total local workforce size imply for Teller jobs?
A total local workforce of 820 Tellers suggests a substantial presence of this profession within the Upper East Mississippi nonmetropolitan area, supporting the high Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 820 employees in the Upper East Mississippi nonmetropolitan area area with a job density of 3.799 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 Upper East Mississippi nonmetropolitan area