Average Tellers Salary in Waterloo-Cedar Falls, IA
In Waterloo-Cedar Falls, IA, Tellers earn an average annual salary of $39,170. This figure is slightly below the national average of $40,940, indicating a localized pay scale influenced by regional economic factors and the specific demand within the Iowa market. The cost of living in Waterloo-Cedar Falls aligns perfectly with the national average, suggesting that this salary offers a comparable standard of living.
Executive Summary
- Average Salary: $39,170 per year.
- Growth Trend: Salaries have shifted 26.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,200.
- Outlook: The local job market for Tellers in Waterloo-Cedar Falls, IA, appears robust, evidenced by a total local workforce of 380 individuals in this role. With a Location Quotient of 2.05, Tellers are significantly more concentrated in this area than the national average, suggesting a strong and potentially growing demand for these financial service professionals within the region.
Salary Overview
The average Tellers in Waterloo-Cedar Falls, IA earns-4.3%below the national average.
$18.8
$753
$3,264
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Waterloo-Cedar Falls is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial services, and evolving banking technologies likely contribute to gradual salary growth for Tellers in the region.
Tellers Salary Distribution in Waterloo-Cedar Falls, IA
The salary progression for Tellers in Waterloo-Cedar Falls typically scales with experience. Entry-level positions may start closer to the lower end of the pay spectrum, while seasoned professionals with extensive experience and specialized skills can command higher salaries, potentially reaching the upper percentiles. The gap between entry-level and senior roles signifies clear career advancement opportunities within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,120 | $16.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,378 | $14.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,610 | $18.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,963 | $23.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,200 | $22.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$39,170
Gross Pay
Real Wage (Purchasing Power)
$39,170
Adjusted for COL (100)
The nominal average annual salary of $39,170 in Waterloo-Cedar Falls, IA, is perfectly balanced by the local Cost of Living Index of 100, which is the national average. This alignment suggests that the purchasing power of a Teller's salary in this area is equivalent to the national standard, making it a stable financial environment for residents.
Job Market Context
380
Total Jobs
4.501
Per 1K Jobs
2.05
Location Quotient
Waterloo-Cedar Falls, IA has 2.0x 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 2.05 for Tellers in Waterloo-Cedar Falls, IA, indicates a market where these professionals are more than twice as concentrated as the national average. This suggests a highly competitive or, more likely, an abundant job market with significant demand for Tellers relative to other occupations in the area.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA Tellers Salary | $40,100↑ 2% | 50 mi |
| Southeast Iowa nonmetropolitan area Tellers Salary | $37,310↓ 5% | 55 mi |
| Northwest Iowa nonmetropolitan area Tellers Salary | $39,380↑ 1% | 55 mi |
| Northeast Iowa nonmetropolitan area Tellers Salary | $38,290↓ 2% | 55 mi |
| Southwest Iowa nonmetropolitan area Tellers Salary | $38,310↓ 2% | 55 mi |
Comparing salaries near Waterloo-Cedar Falls, IA
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Waterloo-Cedar Falls, IA?
The median annual salary for a Tellers in Waterloo-Cedar Falls, IA is $39,170. This typically ranges from $34,120 for entry-level positions to $46,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterloo-Cedar Falls, IA is 4.3% lower than the national median of $40,940.
Is Waterloo-Cedar Falls, IA a lucrative place for Tellers?
No, but it offers stable purchasing power.While the average salary of $39,170 is below the national average, the cost of living is also at the national average, meaning your earnings have standard purchasing power.
Is Waterloo-Cedar Falls, IA a good place to live for Tellers?
The Cost of Living Index in Waterloo-Cedar Falls, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterloo-Cedar Falls, IA?
Some top paying nearby cities include Cedar Rapids, IA ($40,100) and Southeast Iowa nonmetropolitan area.
How does the Waterloo-Cedar Falls Teller salary compare to the national average?
The average annual salary for Tellers in Waterloo-Cedar Falls, IA, is $39,170, which is slightly lower than the national average of $40,940.
What is the concentration of Tellers in Waterloo-Cedar Falls, IA?
The concentration of Tellers in Waterloo-Cedar Falls, IA, is notably high, with a Location Quotient of 2.05, meaning they are more than twice as common as in the average U.S. location.
Does the cost of living affect the value of a Teller's salary in Waterloo-Cedar Falls, IA?
No, the cost of living in Waterloo-Cedar Falls, IA, is exactly at the national average (100), so the $39,170 salary offers standard purchasing power comparable to the national level.
How many Tellers are employed in Waterloo-Cedar Falls, IA?
There are approximately 380 Tellers employed within the Waterloo-Cedar Falls, IA, metropolitan area, representing 4.501 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Waterloo-Cedar Falls, IA area with a job density of 4.501 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 Waterloo-Cedar Falls, IA