Average Tellers Salary in West Tennessee nonmetropolitan area
Tellers in the West Tennessee nonmetropolitan area earn an average annual salary of $34,090. This figure is notably below the national average of $40,940, reflecting regional economic factors and potentially lower demand for banking services in less urbanized settings. The specific economic landscape of nonmetropolitan West Tennessee plays a significant role in shaping compensation for these essential financial roles.
Executive Summary
- Average Salary: $34,090 per year.
- Growth Trend: Salaries have shifted 13.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,890.
- Outlook: The local job market for Tellers in West Tennessee is characterized by a substantial workforce of 690 individuals, indicating a consistent need for these professionals. With a Location Quotient of 2.62, Tellers are significantly more concentrated in this region than the national average, suggesting a robust and specialized demand for their services within the local economy.
Salary Overview
The average Tellers in West Tennessee nonmetropolitan area earns-16.7%below the national average.
$16.4
$656
$2,841
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Teller salaries in West Tennessee have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This incremental increase would likely reflect adjustments to the cost of living and ongoing efforts to retain skilled banking professionals within the region.
Tellers Salary Distribution in West Tennessee nonmetropolitan area
Career progression for Tellers in West Tennessee typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data isn't available, the typical salary range widens significantly with experience, with senior Tellers commanding higher compensation than their junior counterparts, reflecting accumulated knowledge and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,460 | $13.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $25,568 | $12.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $34,680 | $16.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $42,613 | $20.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $43,890 | $21.1 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$34,090
Gross Pay
Real Wage (Purchasing Power)
$34,090
Adjusted for COL (100)
The nominal salary of $34,090 in West Tennessee's nonmetropolitan area aligns perfectly 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 equivalent to the national standard, making the effective financial impact neutral.
Job Market Context
690
Total Jobs
5.756
Per 1K Jobs
2.62
Location Quotient
West Tennessee nonmetropolitan area has 2.6x 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 2.62 for Tellers in West Tennessee's nonmetropolitan area signifies a highly concentrated job market. This indicates that Tellers are more prevalent and likely in higher demand relative to the national average, suggesting a competitive environment for employers seeking to fill these roles and a potentially stable job outlook for Tellers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Tellers Salary | $39,210↑ 15% | 29 mi |
| Clarksville, TN-KY Tellers Salary | $35,750↑ 5% | 67 mi |
| Huntsville, AL Tellers Salary | $38,750↑ 14% | 73 mi |
| Decatur, AL Tellers Salary | $36,830↑ 8% | 83 mi |
| Florence-Muscle Shoals, AL Tellers Salary | $35,350↑ 4% | 84 mi |
Comparing salaries near West Tennessee nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in West Tennessee nonmetropolitan area?
The median annual salary for a Tellers in West Tennessee nonmetropolitan area is $34,090. This typically ranges from $28,460 for entry-level positions to $43,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Tennessee nonmetropolitan area is 16.7% lower than the national median of $40,940.
Is West Tennessee nonmetropolitan area a lucrative place for Tellers?
No, not in terms of nominal salary.While the cost of living is at the national average, the average Teller salary of $34,090 is significantly lower than the national average of $40,940.
Is West Tennessee nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in West Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($39,210) and Clarksville, TN-KY.
How does the West Tennessee Teller salary compare to the national average?
Tellers in West Tennessee earn an average of $34,090 annually, which is considerably less than the national average of $40,940.
What does the Location Quotient of 2.62 mean for Tellers in West Tennessee?
A Location Quotient of 2.62 indicates that Tellers are more than twice as concentrated in West Tennessee compared to the national average, suggesting a higher relative demand or supply in the region.
Is the cost of living in West Tennessee high for Tellers?
No, the cost of living in West Tennessee is at the national average of 100, meaning your earnings will have the same purchasing power as they would nationally.
How many Tellers work in West Tennessee?
There are approximately 690 Tellers employed in the West Tennessee nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 690 employees in the West Tennessee nonmetropolitan area area with a job density of 5.756 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 Tennessee nonmetropolitan area