What is the average salary for a bank teller?
Lily AldridgeThe average salary for a bank teller varies depending on factors such as location, experience, and the size of the bank. However, according to the U.S. Bureau of Labor Statistics, the median annual wage for bank tellers was $31,230 in May 2020.
Location
The average salary for a bank teller can vary significantly by location. In larger cities with higher costs of living, bank tellers may earn higher salaries compared to those in smaller towns or rural areas. For example, bank tellers in New York City or San Francisco may earn more than those in smaller cities or towns.
Experience
Experience also plays a significant role in determining a bank teller’s salary. Entry-level bank tellers may start at a lower salary, but as they gain experience and skills, they may be eligible for raises and promotions. Bank tellers with several years of experience may earn higher salaries than those who are just starting out in the industry.
Size of the Bank
The size of the bank can also impact a bank teller’s salary. Large national or international banks may offer higher salaries and more opportunities for advancement, while smaller community banks or credit unions may offer lower salaries but a more intimate work environment.
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