Average Tellers Salary in West Kentucky nonmetropolitan area
Tellers in the West Kentucky nonmetropolitan area earn an average annual salary of $36,100. This figure is notably below the national average of $40,940, reflecting the economic landscape and specific demand drivers within this region. Localized economic factors and the concentration of financial institutions play a significant role in shaping compensation for these essential banking professionals.
Executive Summary
- Average Salary: $36,100 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,660.
- Outlook: The West Kentucky nonmetropolitan area supports a dedicated workforce of 510 Tellers, with a location quotient of 1.78 indicating a higher-than-average concentration of these roles compared to the national benchmark. This suggests a robust local demand for Tellers, potentially driven by a need for accessible banking services in less urbanized settings. The presence of nearly 4 Tellers per 1,000 workers further underscores the importance of this profession within the regional economy.
Salary Overview
The average Tellers in West Kentucky nonmetropolitan area earns-11.8%below the national average.
$17.4
$694
$3,008
Tellers Salary Trends (2020-2024)
While specific historical data for West Kentucky Tellers is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery and evolving financial service needs typically lead to modest but consistent increases in compensation for roles like Tellers, especially in areas with a strong concentration of these positions.
Tellers Salary Distribution in West Kentucky nonmetropolitan area
As Tellers gain experience, their earning potential typically increases. Entry-level positions often represent the lower end of the salary spectrum, while senior Tellers or those with specialized skills can command higher salaries. The percentile gaps in pay signify clear career progression pathways, rewarding accumulated knowledge, customer service expertise, and potentially supervisory responsibilities within financial institutions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,340 | $14.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,075 | $13 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,170 | $16.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,125 | $21.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,660 | $22.9 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$36,100
Gross Pay
Real Wage (Purchasing Power)
$36,100
Adjusted for COL (100)
The nominal average annual salary of $36,100 in West Kentucky aligns precisely with the national average cost of living index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is comparable to the national standard, making the region neither significantly more nor less affordable in terms of day-to-day expenses.
Job Market Context
510
Total Jobs
3.918
Per 1K Jobs
1.78
Location Quotient
West Kentucky nonmetropolitan area has 1.8x 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 1.78, the West Kentucky nonmetropolitan area exhibits a significantly higher concentration of Tellers than the national average. This suggests that the job market for Tellers in this region is relatively abundant and potentially competitive, with more Tellers employed per capita than in many other areas. Financial institutions here may rely more heavily on local talent pools for these roles.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Tellers Salary | $38,720↑ 7% | 28 mi |
| Elizabethtown, KY Tellers Salary | $36,150↑ 0% | 66 mi |
| Louisville/Jefferson County, KY-IN Tellers Salary | $38,020↑ 5% | 72 mi |
| Cincinnati, OH-KY-IN Tellers Salary | $44,400↑ 23% | 100 mi |
Comparing salaries near West Kentucky nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in West Kentucky nonmetropolitan area?
The median annual salary for a Tellers in West Kentucky nonmetropolitan area is $36,100. This typically ranges from $29,340 for entry-level positions to $47,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Kentucky nonmetropolitan area is 11.8% lower than the national median of $40,940.
Is West Kentucky nonmetropolitan area a lucrative place for Tellers?
No, it is not a particularly lucrative place for Tellers.The average salary of $36,100 is below the national average, although the cost of living is also at the national average. The high concentration of Tellers suggests a saturated market rather than one of high earning potential.
Is West Kentucky nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in West Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($38,720) and Elizabethtown, KY.
How does the West Kentucky Teller salary compare to the national average?
Tellers in West Kentucky earn an average of $36,100 annually, which is approximately $4,840 less than the national average of $40,940.
What does the Location Quotient of 1.78 mean for Tellers in West Kentucky?
A Location Quotient of 1.78 indicates that Tellers are 78% more concentrated in the West Kentucky nonmetropolitan area than the national average, suggesting a higher demand or availability of these roles locally.
Is the cost of living in West Kentucky higher or lower than the national average?
The cost of living in West Kentucky is exactly at the national average, with an index of 100, meaning that the general cost of goods and services is comparable to the rest of the country.
What is the total number of Tellers employed in the West Kentucky nonmetropolitan area?
There are approximately 510 Tellers employed within the West Kentucky nonmetropolitan area, representing a significant portion of the local workforce in financial services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the West Kentucky nonmetropolitan area area with a job density of 3.918 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 Kentucky nonmetropolitan area