Average Tellers Salary in West Arkansas nonmetropolitan area
Tellers in the West Arkansas nonmetropolitan area earn an average annual salary of $34,110. This figure is notably below the national average of $40,940, reflecting regional economic factors and potentially a lower cost of living. The specific economic landscape and demand within this nonmetropolitan region significantly influence compensation levels for banking professionals.
Executive Summary
- Average Salary: $34,110 per year.
- Growth Trend: Salaries have shifted 25.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $38,530.
- Outlook: The local job market for Tellers in West Arkansas appears robust, with a total workforce of 370 individuals in this role. The Location Quotient of 1.92 indicates a concentration of Teller positions nearly double the national average, suggesting a strong local demand relative to the size of the workforce.
Salary Overview
The average Tellers in West Arkansas nonmetropolitan area earns-16.7%below the national average.
$16.4
$656
$2,843
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in West Arkansas have experienced gradual growth over the past four years, mirroring national trends in the financial sector. This growth is likely driven by inflation, evolving banking needs, and efforts to retain skilled personnel within the local economy.
Tellers Salary Distribution in West Arkansas nonmetropolitan area
Career progression for Tellers typically involves salary increases with experience. Entry-level positions may start at the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command higher salaries. The percentile gaps in earnings signify the potential for advancement and increased earning capacity within the Teller profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,990 | $14.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,583 | $12.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $34,630 | $16.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,638 | $20.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $38,530 | $18.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,110
Gross Pay
Real Wage (Purchasing Power)
$34,110
Adjusted for COL (100)
The average annual salary of $34,110 in West Arkansas aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power directly against the national average, suggesting that the cost of goods and services in this nonmetropolitan area is comparable to the national benchmark.
Job Market Context
370
Total Jobs
4.215
Per 1K Jobs
1.92
Location Quotient
West Arkansas nonmetropolitan area has 1.9x 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.
With a Location Quotient of 1.92, the West Arkansas nonmetropolitan area exhibits a significantly higher concentration of Teller jobs compared to the national average. This indicates a more abundant job market for Tellers in this region, suggesting that job seekers may find more opportunities relative to the overall workforce size.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Tellers Salary | $34,380↑ 1% | 17 mi |
| Hot Springs, AR Tellers Salary | $32,140↓ 6% | 51 mi |
Comparing salaries near West Arkansas nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in West Arkansas nonmetropolitan area?
The median annual salary for a Tellers in West Arkansas nonmetropolitan area is $34,110. This typically ranges from $29,990 for entry-level positions to $38,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Arkansas nonmetropolitan area is 16.7% lower than the national median of $40,940.
Is West Arkansas nonmetropolitan area a lucrative place for Tellers?
No, it is not a lucrative place for Tellers compared to the national average.Tellers in this region earn approximately $6,830 less annually than the national average. However, the cost of living is also at the national average, meaning the lower salary's purchasing power is maintained.
Is West Arkansas nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in West Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($34,380) and Hot Springs, AR.
How does the number of Tellers in West Arkansas compare nationally?
West Arkansas has 4.215 Tellers per 1,000 workers, which is nearly double the national average concentration, indicating a higher prevalence of this role locally.
What does a Location Quotient of 1.92 mean for Tellers in West Arkansas?
A Location Quotient of 1.92 signifies that Teller positions are 92% more concentrated in West Arkansas than the national average, pointing to a strong local demand for these professionals.
How does the cost of living in West Arkansas affect Teller salaries?
The cost of living in West Arkansas is at the national average (100), meaning the $34,110 salary has the same purchasing power as the national average salary would in a typical US location.
What is the total number of Tellers employed in West Arkansas?
There are approximately 370 Tellers employed in the West Arkansas nonmetropolitan area, representing a significant portion of the local financial services workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the West Arkansas nonmetropolitan area area with a job density of 4.215 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 West Arkansas nonmetropolitan area