SalaryNode

Average Tellers Salary in Waterbury-Shelton, CT

Tellers in the Waterbury-Shelton, CT area earn an average annual salary of $45,170, surpassing the national average of $40,940. This higher compensation reflects the specific economic dynamics and demand within this Connecticut region, indicating a localized premium for banking professionals.

Executive Summary

  • Average Salary: $45,170 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $49,380.
  • Outlook: With a total local workforce of 410 Tellers, Waterbury-Shelton demonstrates a stable employment base for this role. The Location Quotient of 1.18 suggests that Tellers are more concentrated in this area than the national average, implying a healthy and potentially growing demand for these financial service professionals.
2024 Market Data

Salary Overview

$45,170

The average Tellers in Waterbury-Shelton, CT earns+10.3%above the national average.

BreakdownBased on 40h/week
Hourly

$21.7

Weekly

$869

Monthly

$3,764

Tellers Salary Distribution in Waterbury-Shelton, CT

Career progression for Tellers in Waterbury-Shelton typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data is unavailable, the typical salary range suggests that experienced Tellers can expect to earn significantly more than their less experienced counterparts, with higher percentiles representing advanced skills and responsibilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,540$17.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$33,878$16.3
ManagerOversees team, compliance, and project delivery.50% (Median)$46,030$22.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$56,463$27.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$49,380$23.7

Detailed Tellers Market Analysis

Relocation Context

Nominal Salary

$45,170

Gross Pay

Real Wage (Purchasing Power)

$45,170

Adjusted for COL (100)

The average annual salary of $45,170 in Waterbury-Shelton 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, suggesting a balanced financial environment for residents.

Job Market Context

410

Total Jobs

2.59

Per 1K Jobs

1.18

Location Quotient

Above Average

With a location quotient of 1.18, Waterbury-Shelton, CT has a slightly higher-than-average concentration of Tellers roles compared to the national norm.

A Location Quotient of 1.18 indicates that Waterbury-Shelton has a slightly higher concentration of Tellers compared to the national average. This suggests a robust job market for this profession, where demand may be outpacing supply, potentially leading to competitive hiring practices and better compensation for qualified individuals.

Nearby Job Markets

Nearby Cities for Tellers

CitySalaryDist.
Connecticut nonmetropolitan area Tellers Salary$45,310↑ 0%15 mi
New Haven, CT Tellers Salary$46,150↑ 2%18 mi
Hartford-West Hartford-East Hartford, CT Tellers Salary$45,590↑ 1%23 mi
Bridgeport-Stamford-Danbury, CT Tellers Salary$48,680↑ 8%27 mi
Springfield, MA Tellers Salary$42,980↓ 5%46 mi

Comparing salaries near Waterbury-Shelton, CT

Hiring Tellerss?

Frequently Asked Questions

How much does a Tellers make in Waterbury-Shelton, CT?

The median annual salary for a Tellers in Waterbury-Shelton, CT is $45,170. This typically ranges from $36,540 for entry-level positions to $49,380 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Waterbury-Shelton, CT is 10.3% higher than the national median of $40,940.

Is Waterbury-Shelton, CT a lucrative place for Tellers?

Yes, Waterbury-Shelton, CT offers a lucrative environment for Tellers.Tellers here earn above the national average salary, and the cost of living is on par with the national average, indicating strong purchasing power.

Is Waterbury-Shelton, CT a good place to live for Tellers?

The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Waterbury-Shelton, CT?

Some top paying nearby cities include Connecticut nonmetropolitan area ($45,310) and New Haven, CT.

How does the Teller salary in Waterbury-Shelton compare to the national average?

Tellers in Waterbury-Shelton earn an average of $45,170 annually, which is higher than the national average of $40,940.

What is the Cost of Living in Waterbury-Shelton, CT?

The Cost of Living Index in Waterbury-Shelton is 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there than the typical US location.

Is there high demand for Tellers in Waterbury-Shelton?

With a Location Quotient of 1.18, Tellers are more concentrated in Waterbury-Shelton than the national average, suggesting a healthy demand for these roles.

How many Tellers work in Waterbury-Shelton?

There are approximately 410 Tellers employed within the Waterbury-Shelton area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Waterbury-Shelton, CT area with a job density of 2.59 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Waterbury-Shelton, CT