Average Tellers Salary in Winston-Salem, NC
Tellers in Winston-Salem, NC earn an average annual salary of $42,710, which is slightly above the national average of $40,940. This favorable compensation can be attributed to a combination of local economic factors and the specific demand within the financial services sector in the Winston-Salem area. The stability of the local job market also plays a crucial role in maintaining this competitive pay.
Executive Summary
- Average Salary: $42,710 per year.
- Growth Trend: Salaries have shifted 22.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,800.
- Outlook: With a total local workforce of 480 Tellers and a Location Quotient of 0.8, Winston-Salem presents a moderately concentrated job market for this role. While not exceeding the national average in concentration, the steady presence of Tellers suggests a consistent demand for these essential banking professionals within the community, indicating a stable job outlook.
Salary Overview
The average Tellers in Winston-Salem, NC earns+4.3%above the national average.
$20.5
$821
$3,559
Tellers Salary Trends (2020-2024)
While specific historical data for Tellers in Winston-Salem is not provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national patterns. Economic growth and inflation typically drive wage increases across most sectors, and the financial services industry is no exception, suggesting that Tellers in this region have likely seen their earning potential grow.
Tellers Salary Distribution in Winston-Salem, NC
As Tellers gain experience, their earning potential typically increases significantly. Entry-level positions often start at the lower end of the salary spectrum, while senior Tellers with extensive knowledge of financial products, customer service expertise, and potentially supervisory duties can command higher salaries. The percentile gaps in pay reflect this career progression, with experienced professionals occupying the higher salary brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,800 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,033 | $15.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,220 | $20.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,388 | $25.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,800 | $22.5 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$42,710
Gross Pay
Real Wage (Purchasing Power)
$42,710
Adjusted for COL (100)
The average annual salary of $42,710 in Winston-Salem, NC, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Teller's salary in Winston-Salem is equivalent to that of a Teller earning the national average in a typical U.S. city. Therefore, the nominal salary offers a standard lifestyle without significant financial strain due to local living expenses.
Job Market Context
480
Total Jobs
1.751
Per 1K Jobs
0.8
Location Quotient
Winston-Salem, NC has 0.80x the national average concentration of Tellers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.8 indicates that Tellers are slightly less concentrated in Winston-Salem compared to the national average. This suggests that while the role is present and stable, the market is not oversaturated, potentially offering a balanced environment for job seekers. It implies a steady demand that aligns with the general workforce size without an overwhelming surplus of professionals.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Tellers Salary | $42,960↑ 1% | 23 mi |
| Eastern North Carolina nonmetropolitan area Tellers Salary | $41,060↓ 4% | 41 mi |
| Western North Carolina nonmetropolitan area Tellers Salary | $40,080↓ 6% | 41 mi |
| Central North Carolina nonmetropolitan area Tellers Salary | $41,730↓ 2% | 41 mi |
| Burlington, NC Tellers Salary | $43,110↑ 1% | 43 mi |
Comparing salaries near Winston-Salem, NC
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Winston-Salem, NC?
The median annual salary for a Tellers in Winston-Salem, NC is $42,710. This typically ranges from $36,800 for entry-level positions to $46,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winston-Salem, NC is 4.3% higher than the national median of $40,940.
Is Winston-Salem, NC a lucrative place for Tellerss?
Yes, Winston-Salem offers a competitive salary for Tellers.The average salary of $42,710 is above the national average, and with a Cost of Living Index of 100, the purchasing power is equivalent to the national standard.
Is Winston-Salem, NC a good place to live for Tellers?
The Cost of Living Index in Winston-Salem, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Winston-Salem, NC?
Some top paying nearby cities include Greensboro-High Point, NC ($42,960) and Eastern North Carolina nonmetropolitan area.
How does Winston-Salem's Teller salary compare to the national average?
Tellers in Winston-Salem earn an average of $42,710 annually, which is higher than the national average of $40,940.
What is the job market like for Tellers in Winston-Salem?
The market is moderately concentrated with a stable demand, as indicated by a Location Quotient of 0.8 and a local workforce of 480 Tellers.
Does the cost of living affect the value of a Teller's salary in Winston-Salem?
No, the Cost of Living Index is 100, matching the national average, meaning the $42,710 salary offers standard purchasing power.
How does experience impact a Teller's salary in Winston-Salem?
Experienced Tellers generally earn significantly more than entry-level positions, with salary increases reflecting acquired skills and responsibilities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Winston-Salem, NC area with a job density of 1.751 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 Winston-Salem, NC