Tellers in Waco, TX earn an average annual salary of $35,530, which is below the national average of $40,940. This disparity is often influenced by local economic factors, including the overall demand for financial services and the prevailing wage scales within the Waco metropolitan area.
Executive Summary
- Average Salary: $35,530 per year.
- Growth Trend: Salaries have shifted 28.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,840.
- Outlook: The Tellers job market in Waco, TX, while modest in size with a total local workforce of 340, shows a concentration slightly above the national average with a Location Quotient of 1.2. This indicates a proportionally higher presence of Tellers roles relative to the national landscape, suggesting a stable, albeit not rapidly expanding, demand for these positions within the local economy.
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that Tellers salaries in Waco, TX, have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This consistent, albeit potentially modest, upward trajectory in compensation is typical for established roles within stable local job markets.
Tellers Salary Distribution in Waco, TX
Career progression for Tellers in Waco, TX, typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive experience and potentially supervisory responsibilities can command salaries significantly higher than the average. The percentile gaps in earnings clearly signify these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,150 | $13.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $26,648 | $12.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,430 | $17 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $44,413 | $21.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,840 | $21.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$35,530
Gross Pay
Real Wage (Purchasing Power)
$35,530
Adjusted for COL (100)
The nominal average salary of $35,530 for Tellers in Waco, TX, aligns precisely with the national average cost of living index of 100. This means that the purchasing power of a Teller's salary in Waco is comparable to the national average, suggesting that the lower nominal wage is offset by the local cost of living, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
340
Total Jobs
2.639
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Waco, TX has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
With a Location Quotient of 1.2, Waco, TX, demonstrates a slightly higher concentration of Tellers jobs compared to the national average. This suggests that the job market for Tellers in Waco is relatively robust and potentially more accessible than in areas with a lower quotient, indicating a healthy demand that slightly outpaces the national proportion of workers in this role.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Tellers Salary | $35,200↓ 1% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Tellers Salary | $34,230↓ 4% | 41 mi |
| Hill Country Region of Texas nonmetropolitan area Tellers Salary | $35,010↓ 1% | 41 mi |
| Coastal Plains Region of Texas nonmetropolitan area Tellers Salary | $34,680↓ 2% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Tellers Salary | $34,530↓ 3% | 41 mi |
Comparing salaries near Waco, TX
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Waco, TX?
The median annual salary for a Tellers in Waco, TX is $35,530. This typically ranges from $28,150 for entry-level positions to $43,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 13.2% lower than the national median of $40,940.
Is Waco, TX a lucrative place for Tellers?
No, not exceptionally lucrative.While the cost of living is average, the average Teller salary in Waco, TX, is notably lower than the national average, indicating less lucrative compensation compared to other regions.
Is Waco, TX a good place to live for Tellers?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($35,200) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's Teller salary compare to the national average?
The average annual salary for Tellers in Waco, TX, is $35,530, which is approximately $5,410 less than the national average of $40,940.
What is the concentration of Tellers jobs in Waco, TX?
Waco, TX has a Location Quotient of 1.2 for Tellers, meaning the concentration of these jobs is 20% higher than the national average.
Does the cost of living in Waco affect Teller salaries?
Yes, Waco's Cost of Living Index is 100 (national average), meaning the lower nominal salary of $35,530 has purchasing power equivalent to the national average, effectively balancing out the lower wage.
How many Tellers jobs are there in Waco, TX?
There are approximately 340 Tellers employed in Waco, TX, representing 2.639 jobs per 1,000 workers in the 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 340 employees in the Waco, TX area with a job density of 2.639 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 Waco, TX