Average Tellers Salary in Western North Carolina nonmetropolitan area
Tellers in the Western North Carolina nonmetropolitan area earn an average annual salary of $40,080. This figure is slightly below the national average of $40,940, reflecting the unique economic dynamics and potentially lower operational costs prevalent in nonmetropolitan regions. Local demand and the specific financial landscape of the area play a significant role in shaping compensation for these essential banking professionals.
Executive Summary
- Average Salary: $40,080 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,850.
- Outlook: With a local workforce of 680 Tellers, the job market in Western North Carolina exhibits a notable concentration, as indicated by a Location Quotient of 1.2. This suggests that Tellers are more prevalent in this region compared to the national average, implying a steady demand for their services within the local financial institutions. The presence of 2.646 jobs per 1,000 workers further underscores the availability of Teller positions.
Salary Overview
The average Tellers in Western North Carolina nonmetropolitan area earns-2.1%below the national average.
$19.3
$771
$3,340
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Tellers' salaries in Western North Carolina have experienced gradual growth over the past four years, mirroring national trends. Economic factors such as inflation, increased demand for financial services, and the evolving responsibilities of Tellers likely contribute to a modest upward trajectory in compensation, aiming to keep pace with the cost of living and retain skilled professionals.
Tellers Salary Distribution in Western North Carolina nonmetropolitan area
Career progression for Tellers in Western North Carolina typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive knowledge of banking procedures, customer service excellence, and potentially specialized skills can command higher salaries. The percentile gaps in earnings signify the opportunities for advancement and increased earning potential as Tellers develop their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,980 | $17.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,060 | $14.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,120 | $17.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,100 | $24.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,850 | $23 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$40,080
Gross Pay
Real Wage (Purchasing Power)
$40,080
Adjusted for COL (100)
The nominal average annual salary of $40,080 in Western North Carolina aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in this region is equivalent to the national standard, suggesting that the cost of essential goods and services is neither a significant advantage nor a disadvantage when compared to the rest of the country.
Job Market Context
680
Total Jobs
2.646
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Western North Carolina nonmetropolitan area has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
The Location Quotient of 1.2 for Tellers in Western North Carolina indicates a job market that is slightly more concentrated than the national average. This suggests that Tellers are a relatively more common occupation in this nonmetropolitan area, potentially leading to a competitive environment for job seekers but also signifying a stable and established presence of these roles within the local economy.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Tellers Salary | $42,960↑ 7% | 32 mi |
| Pinehurst-Southern Pines, NC Tellers Salary | $42,540↑ 6% | 36 mi |
| Burlington, NC Tellers Salary | $43,110↑ 8% | 36 mi |
| Winston-Salem, NC Tellers Salary | $42,710↑ 7% | 41 mi |
| Durham-Chapel Hill, NC Tellers Salary | $44,320↑ 11% | 56 mi |
Comparing salaries near Western North Carolina nonmetropolitan area
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Western North Carolina nonmetropolitan area?
The median annual salary for a Tellers in Western North Carolina nonmetropolitan area is $40,080. This typically ranges from $35,980 for entry-level positions to $47,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Western North Carolina nonmetropolitan area is 2.1% lower than the national median of $40,940.
Is Western North Carolina nonmetropolitan area a lucrative place for Tellers?
No, it is not significantly more lucrative than the national average.While the salary is close to the national average, the cost of living is also at the national average, offering no distinct advantage in purchasing power. The job market shows a slightly higher concentration, which could imply competition rather than higher pay.
Is Western North Carolina nonmetropolitan area a good place to live for Tellers?
The Cost of Living Index in Western North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Western North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($42,960) and Pinehurst-Southern Pines, NC.
How does the Teller salary compare to the national average?
The average annual salary for Tellers in Western North Carolina is $40,080, which is slightly lower than the national average of $40,940.
What is the cost of living in Western North Carolina for Tellers?
The cost of living in Western North Carolina is at the national average, indicated by an index of 100.
How concentrated is the Teller job market in this region?
The Teller job market in Western North Carolina is slightly more concentrated than the national average, with a Location Quotient of 1.2.
What is the total number of Tellers in Western North Carolina?
There are approximately 680 Tellers employed in the Western North Carolina 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 680 employees in the Western North Carolina nonmetropolitan area area with a job density of 2.646 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 Western North Carolina nonmetropolitan area