Average Tellers Salary in West Central Illinois nonmetropolitan area
Tellers in the West Central Illinois nonmetropolitan area earn an average annual salary of $36,080. This figure is notably below the national average of $40,940, reflecting the economic dynamics and potentially lower cost of doing business in nonmetropolitan regions. The specific pay scales in this area are influenced by local demand, the cost of living, and the overall economic health of the region.
Executive Summary
- Average Salary: $36,080 per year.
- Growth Trend: Salaries have shifted 24.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,500.
- Outlook: With a local workforce of 1,070 Tellers and a Location Quotient of 2.86, the job market in West Central Illinois exhibits a significant concentration of these roles relative to the national average. This suggests a robust demand and a specialized labor pool within the region, indicating a stable outlook for Tellers employment.
Salary Overview
The average Tellers in West Central Illinois nonmetropolitan area earns-11.9%below the national average.
$17.3
$694
$3,007
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Tellers in nonmetropolitan areas like West Central Illinois have seen modest growth over the past four years, mirroring broader economic trends and inflation adjustments. This gradual increase aims to keep compensation competitive within the local market, even if it lags behind national averages.
Tellers Salary Distribution in West Central Illinois nonmetropolitan area
Career progression for Tellers typically involves moving from entry-level positions to more experienced roles, which often command higher salaries. While specific percentile data isn't available, the gap between starting and senior Tellers salaries generally widens with experience, signifying increased responsibility, skill acquisition, and client management capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,410 | $14.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,060 | $13 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,820 | $17.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,100 | $21.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $45,500 | $21.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,080
Gross Pay
Real Wage (Purchasing Power)
$36,080
Adjusted for COL (100)
The average annual salary of $36,080 in West Central Illinois aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of Tellers in this region is likely on par with their national counterparts, making the effective income comparable.
Job Market Context
1,070
Total Jobs
6.292
Per 1K Jobs
2.86
Location Quotient
West Central Illinois nonmetropolitan area has 2.9x 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.
The Location Quotient of 2.86 for Tellers in West Central Illinois is substantially higher than the national average of 1.0, indicating a significant concentration of this profession in the area. This suggests that Tellers are in high demand relative to other occupations, making the job market competitive for employers seeking talent but potentially advantageous for job seekers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Tellers Salary | $38,680↑ 7% | 9 mi |
| Decatur, IL Tellers Salary | $37,010↑ 3% | 34 mi |
| Champaign-Urbana, IL Tellers Salary | $37,270↑ 3% | 41 mi |
| Peoria, IL Tellers Salary | $37,910↑ 5% | 43 mi |
| Springfield, IL Tellers Salary | $38,210↑ 6% | 53 mi |
Comparing salaries near West Central Illinois nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in West Central Illinois nonmetropolitan area?
The median annual salary for a Tellers in West Central Illinois nonmetropolitan area is $36,080. This typically ranges from $30,410 for entry-level positions to $45,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Central Illinois nonmetropolitan area is 11.9% lower than the national median of $40,940.
Is West Central Illinois nonmetropolitan area a lucrative place for Tellers?
No, not in terms of nominal salary.While the nominal average salary of $36,080 is below the national average, the cost of living index of 100 suggests that the purchasing power is comparable to national averages.
Is West Central Illinois nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in West Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($38,680) and Decatur, IL.
How does the number of Tellers in West Central Illinois compare nationally?
With 1,070 Tellers locally, the concentration (Location Quotient) is 2.86 times the national average, indicating a higher prevalence of this role in the region.
What does a Location Quotient of 2.86 mean for Tellers?
A Location Quotient of 2.86 signifies that Tellers are significantly more concentrated in West Central Illinois than the national average, suggesting strong local demand or a specialized workforce.
How does the cost of living affect Tellers' salaries in this area?
The Cost of Living Index is 100, matching the national average. This means the $36,080 salary has purchasing power equivalent to the national average, despite being nominally lower.
Are there many job opportunities for Tellers in West Central Illinois?
The high concentration (LQ of 2.86) and a significant local workforce suggest a healthy job market with ample opportunities for Tellers in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,070 employees in the West Central Illinois nonmetropolitan area area with a job density of 6.292 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 Central Illinois nonmetropolitan area