Average Tellers Salary in Washington
Tellers in Washington State earn an impressive average annual salary of $48,970, significantly outpacing the national average of $40,940. This elevated compensation is largely driven by Washington's robust economy and a higher cost of living, which necessitates greater pay to attract and retain skilled financial professionals.
Executive Summary
- Average Salary: $48,970 per year.
- Growth Trend: Salaries have shifted 33.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,840.
- Outlook: With a local workforce of 8,810 Tellers and a Location Quotient of 1.13, Washington demonstrates a slightly higher concentration of these roles compared to the national average. This suggests a stable and potentially growing demand for Tellers within the state, indicating a healthy job market for those in this profession.
Salary Overview
The average Tellers in Washington earns+19.6%above the national average.
$23.5
$942
$4,081
Tellers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Tellers in Washington have experienced consistent growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory likely reflects an increasing demand for financial services and a competitive labor market.
Tellers Salary Distribution in Washington
Career progression for Tellers in Washington typically involves a noticeable 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 specialized skills can command salaries significantly above the average, reflecting the value of their expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,170 | $18.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,728 | $17.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,890 | $22.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $61,213 | $29.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,840 | $28.8 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$48,970
Gross Pay
Real Wage (Purchasing Power)
$42,546
Adjusted for COL (115.1)
The average annual salary of $48,970 in Washington needs to be considered alongside its Cost of Living Index of 115.1. While the nominal salary is higher than the national average, the increased cost of goods and services in Washington means that the purchasing power of this salary is somewhat diminished compared to living in a more affordable region.
Job Market Context
8,810
Total Jobs
2.488
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Washington has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
A Location Quotient of 1.13 indicates that Tellers are 13% more concentrated in Washington than the national average. This suggests a slightly more competitive market for Tellers, but also implies a strong presence and established demand for these roles within the state's financial sector.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Tellers Salary | $52,410↑ 7% | 42 mi |
| Wenatchee-East Wenatchee, WA Tellers Salary | $46,370↓ 5% | 54 mi |
| Bremerton-Silverdale-Port Orchard, WA Tellers Salary | $48,010↓ 2% | 58 mi |
| Olympia-Lacey-Tumwater, WA Tellers Salary | $49,130↑ 0% | 70 mi |
| Yakima, WA Tellers Salary | $44,550↓ 9% | 71 mi |
Comparing salaries near Washington
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Washington?
The median annual salary for a Tellers in Washington is $48,970. This typically ranges from $39,170 for entry-level positions to $59,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington is 19.6% higher than the national median of $40,940.
Is Washington a lucrative place for Tellers?
Yes, Washington offers a more lucrative environment for Tellers compared to the national average.Tellers in Washington earn a higher average salary than the national average, reflecting the state's economic conditions and cost of living.
Is Washington a good place to live for Tellers?
The Cost of Living Index in Washington is 115.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($52,410) and Wenatchee-East Wenatchee, WA.
How does Washington's Cost of Living affect a Teller's salary?
Washington's Cost of Living Index of 115.1 means that everyday expenses are about 15.1% higher than the national average. While the average Teller salary of $48,970 is higher than the national average, this increased salary is partly offset by the higher cost of living.
What does the Location Quotient of 1.13 mean for Tellers in Washington?
A Location Quotient of 1.13 signifies that Tellers are more prevalent in Washington than the national average. This suggests a robust job market for Tellers in the state, with a slightly higher concentration of these roles.
How many Tellers are employed in Washington?
There are approximately 8,810 Tellers employed within Washington State, contributing to a significant portion of the state's financial services workforce.
Are Teller salaries expected to increase in Washington?
While specific trends require ongoing analysis, it's generally expected that salaries for Tellers in Washington will continue to see modest growth, influenced by inflation, economic conditions, and the demand for financial services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,810 employees in the Washington area with a job density of 2.488 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 Washington