Average Tellers Salary in Winchester, VA-WV
Tellers in Winchester, VA-WV earn an average annual salary of $39,330, which is slightly below the national average of $40,940. This localized pay rate is influenced by the specific economic conditions and demand within the Winchester region. Factors such as the local cost of living and the concentration of financial institutions play a significant role in determining compensation for these essential banking professionals.
Executive Summary
- Average Salary: $39,330 per year.
- Growth Trend: Salaries have shifted 14.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,220.
- Outlook: The Winchester, VA-WV area supports a local workforce of 220 Tellers, indicating a stable presence within the community's employment landscape. With a Location Quotient of 1.44, Tellers are more concentrated in Winchester than the national average, suggesting a robust demand or a higher proportion of these roles relative to other occupations in the area. This concentration points to a healthy job market for individuals seeking Teller positions in this region.
Salary Overview
The average Tellers in Winchester, VA-WV earns-3.9%below the national average.
$18.9
$756
$3,278
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Winchester is not provided, it is reasonable to assume that salaries have experienced a gradual upward trend over the past four years, mirroring general economic growth and inflation. This consistent, albeit modest, growth is typical for roles that are fundamental to the financial sector, ensuring that compensation generally keeps pace with the rising cost of living and evolving market demands.
Tellers Salary Distribution in Winchester, VA-WV
Career progression for Tellers in Winchester, VA-WV typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While exact figures vary, experienced Tellers can expect to earn significantly more than their junior counterparts, with salary percentiles reflecting this growth. The gap between starting salaries and those earned by seasoned professionals highlights the value of accumulated experience, specialized skills, and increased responsibilities within the banking environment.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,540 | $14.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,498 | $14.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,570 | $18.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,163 | $23.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,220 | $22.7 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$39,330
Gross Pay
Real Wage (Purchasing Power)
$39,330
Adjusted for COL (100)
The average annual salary of $39,330 for Tellers in Winchester, VA-WV aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Teller's salary in Winchester is equivalent to the national average, offering a stable financial environment for residents. Individuals relocating to Winchester can expect their earnings to provide a comparable standard of living to what they might experience in other average-cost areas across the country.
Job Market Context
220
Total Jobs
3.17
Per 1K Jobs
1.44
Location Quotient
With a location quotient of 1.44, Winchester, VA-WV has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
A Location Quotient of 1.44 for Tellers in Winchester, VA-WV signifies a notable concentration of these roles compared to the national average. This suggests that the Winchester market has a higher demand for Tellers relative to its overall workforce size, or that the local financial industry is a significant employer. While this indicates a potentially favorable market for job seekers, it also implies a competitive environment where employers may have a steady pool of qualified candidates.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Hagerstown-Martinsburg, MD-WV Tellers Salary | $37,370↓ 5% | 40 mi |
| Chambersburg, PA Tellers Salary | $39,350↑ 0% | 59 mi |
| Harrisonburg, VA Tellers Salary | $41,120↑ 5% | 63 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Tellers Salary | $45,820↑ 17% | 64 mi |
| Gettysburg, PA Tellers Salary | $38,960↓ 1% | 68 mi |
Comparing salaries near Winchester, VA-WV
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Winchester, VA-WV?
The median annual salary for a Tellers in Winchester, VA-WV is $39,330. This typically ranges from $30,540 for entry-level positions to $47,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winchester, VA-WV is 3.9% lower than the national median of $40,940.
Is Winchester, VA-WV a lucrative place for Tellers?
Yes, it offers a stable financial environment.Tellers in Winchester earn an average of $39,330, which precisely matches the national average cost of living. The higher-than-average concentration of Teller roles also suggests consistent demand within the local market.
Is Winchester, VA-WV a good place to live for Tellers?
The Cost of Living Index in Winchester, VA-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Winchester, VA-WV?
Some top paying nearby cities include Hagerstown-Martinsburg, MD-WV ($37,370) and Chambersburg, PA.
How does the Winchester Teller salary compare to the national average?
The average annual salary for Tellers in Winchester, VA-WV is $39,330, which is slightly lower than the national average of $40,940.
What does the Location Quotient of 1.44 mean for Tellers in Winchester?
A Location Quotient of 1.44 indicates that Tellers are more concentrated in Winchester, VA-WV than the national average, suggesting a stronger local demand or a larger presence of these roles within the regional economy.
Is the cost of living in Winchester high for Tellers?
No, the cost of living in Winchester, VA-WV is exactly at the national average (Index of 100), meaning a Teller's salary of $39,330 provides average purchasing power.
What is the total number of Tellers in Winchester, VA-WV?
There are approximately 220 Tellers employed within the Winchester, VA-WV area, contributing to the local financial sector workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Winchester, VA-WV area with a job density of 3.17 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 Winchester, VA-WV