Average Tellers Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV
Tellers in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area earn an average annual salary of $45,820. This figure is notably higher than the national average of $40,940, suggesting that the unique economic landscape and demand within this specific region contribute to a more competitive compensation package for these essential financial service professionals.
Executive Summary
- Average Salary: $45,820 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,510.
- Outlook: With a local workforce of 4,340 Tellers and a Location Quotient of 0.63, the job market in Washington-Arlington-Alexandria indicates a slightly lower concentration of these roles compared to the national average. While not a hub of extreme demand, the existing workforce suggests a stable presence and ongoing need for Tellers within the region's financial institutions.
Salary Overview
The average Tellers in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+11.9%above the national average.
$22
$881
$3,818
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Tellers' salaries in the Washington-Arlington-Alexandria area have experienced steady growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is likely driven by evolving banking technologies, increased customer service demands, and the need to retain skilled personnel in a competitive labor market.
Tellers Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV
Career progression for Tellers typically involves a discernible salary increase with experience. Entry-level positions often start at the lower end of the pay scale, while senior Tellers with extensive knowledge of financial products, customer relations, and operational procedures can command significantly higher salaries. The percentile gaps in earnings reflect this growth, with experienced professionals occupying the higher salary brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,710 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,365 | $16.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,230 | $21.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,275 | $27.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $56,510 | $27.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$45,820
Gross Pay
Real Wage (Purchasing Power)
$45,820
Adjusted for COL (100)
The average annual salary of $45,820 for Tellers in Washington-Arlington-Alexandria aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, indicating that the higher pay is balanced by the cost of living in this metropolitan area.
Job Market Context
4,340
Total Jobs
1.393
Per 1K Jobs
0.63
Location Quotient
Washington-Arlington-Alexandria, DC-VA-MD-WV has 0.63x 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 0.63 for Tellers in Washington-Arlington-Alexandria suggests that the occupation is less concentrated in this region than the national average. This implies that while Tellers are employed here, the market is not saturated, and opportunities may be more specialized or tied to the specific needs of local financial institutions rather than a widespread abundance of roles.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Tellers Salary | $39,240↓ 14% | 17 mi |
| Baltimore-Columbia-Towson, MD Tellers Salary | $44,280↓ 3% | 35 mi |
| Lexington Park, MD Tellers Salary | $40,620↓ 11% | 55 mi |
| Hagerstown-Martinsburg, MD-WV Tellers Salary | $37,370↓ 18% | 63 mi |
| Winchester, VA-WV Tellers Salary | $39,330↓ 14% | 64 mi |
Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Washington-Arlington-Alexandria, DC-VA-MD-WV?
The median annual salary for a Tellers in Washington-Arlington-Alexandria, DC-VA-MD-WV is $45,820. This typically ranges from $37,710 for entry-level positions to $56,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 11.9% higher than the national median of $40,940.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Tellers?
Yes, it is a moderately lucrative place for Tellers.Tellers in this area earn above the national average salary, and their compensation aligns with the national average cost of living, offering stable purchasing power.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Tellers?
The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?
Some top paying nearby cities include Maryland nonmetropolitan area ($39,240) and Baltimore-Columbia-Towson, MD.
How does the Teller salary compare to the national average?
Tellers in Washington-Arlington-Alexandria earn an average of $45,820 annually, which is higher than the national average of $40,940.
What is the Cost of Living in Washington-Arlington-Alexandria for Tellers?
The Cost of Living Index in Washington-Arlington-Alexandria is 100, which is exactly the national average, meaning expenses are comparable to the rest of the country.
How many Tellers are employed in the Washington-Arlington-Alexandria area?
There are approximately 4,340 Tellers employed in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area.
Does a lower Location Quotient mean fewer job opportunities for Tellers?
A Location Quotient of 0.63 suggests Tellers are less concentrated here than nationally, implying a stable but not overly abundant job market, with opportunities tied to regional financial sector needs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,340 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 1.393 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-Arlington-Alexandria, DC-VA-MD-WV