Average Tellers Salary in West North Dakota nonmetropolitan area
Tellers in the West North Dakota nonmetropolitan area earn an average annual salary of $41,900, surpassing the national average of $40,940. This slight premium is often influenced by the specific economic conditions and demand within this region. The unique labor market dynamics of nonmetropolitan areas can lead to localized salary adjustments to attract and retain essential workforce talent.
Executive Summary
- Average Salary: $41,900 per year.
- Growth Trend: Salaries have shifted 29.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $48,350.
- Outlook: The job market for Tellers in West North Dakota appears robust, with a total local workforce of 370 individuals. The high Location Quotient of 1.99 indicates a significant concentration of these roles compared to the national average, suggesting a strong and potentially growing demand for Tellers in this specific geographic area.
Salary Overview
The average Tellers in West North Dakota nonmetropolitan area earns+2.3%above the national average.
$20.1
$806
$3,492
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tellers in West North Dakota have experienced steady growth over the past four years, mirroring national trends. Economic development and inflation typically drive incremental increases in compensation for most professions, including those in the banking sector.
Tellers Salary Distribution in West North Dakota nonmetropolitan area
Career progression for Tellers typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command salaries significantly above the average. The gap between entry-level and senior roles, often reflected in salary percentiles, signifies substantial earning potential as one advances in their career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,510 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,425 | $15.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,010 | $18.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $52,375 | $25.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $48,350 | $23.2 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$41,900
Gross Pay
Real Wage (Purchasing Power)
$41,900
Adjusted for COL (100)
An average annual salary of $41,900 in West North Dakota 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 region is equivalent to the national average, offering stability for those considering relocation.
Job Market Context
370
Total Jobs
4.376
Per 1K Jobs
1.99
Location Quotient
West North Dakota nonmetropolitan area 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.
With a Location Quotient of 1.99, the market for Tellers in West North Dakota is nearly twice as concentrated as the national average. This suggests that Tellers are a more prevalent and in-demand profession within this nonmetropolitan area compared to the rest of the country, potentially leading to more job opportunities and competitive hiring.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Tellers Salary | $42,840↑ 2% | 68 mi |
| Minot, ND Tellers Salary | $41,860↓ 0% | 85 mi |
Comparing salaries near West North Dakota nonmetropolitan area
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Frequently Asked Questions
How much does a Tellers make in West North Dakota nonmetropolitan area?
The median annual salary for a Tellers in West North Dakota nonmetropolitan area is $41,900. This typically ranges from $35,510 for entry-level positions to $48,350 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West North Dakota nonmetropolitan area is 2.3% higher than the national median of $40,940.
Is West North Dakota nonmetropolitan area a lucrative place for Tellers?
Yes, it offers a slightly above-average salary.Tellers in this region earn $41,900 annually, which is higher than the national average. Coupled with a cost of living that matches the national average, this makes the area financially favorable for Tellers.
Is West North Dakota nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in West North Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West North Dakota nonmetropolitan area?
Some top paying nearby cities include Bismarck, ND ($42,840) and Minot, ND.
How does the number of Tellers per 1,000 workers compare nationally?
With 4.376 jobs per 1,000 workers, the concentration of Tellers in West North Dakota is significantly higher than the national average, indicating a strong local demand for this role.
What does a Location Quotient of 1.99 mean for Tellers?
A Location Quotient of 1.99 signifies that Tellers are nearly twice as common in West North Dakota nonmetropolitan areas as they are nationwide, pointing to a specialized and robust local job market for this profession.
Is the cost of living a factor for Tellers in West North Dakota?
No, the cost of living in West North Dakota is exactly at the national average (100). This means your salary of $41,900 will have the same purchasing power as it would in a typical US location.
How many Tellers are employed in West North Dakota nonmetropolitan area?
There are approximately 370 Tellers employed within the West North Dakota nonmetropolitan area, representing a substantial portion of the local workforce for this specific role.
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 North Dakota nonmetropolitan area area with a job density of 4.376 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 North Dakota nonmetropolitan area