Bank Teller Salary in Cedar Rapids, IA ()
Updated 50 days ago · 3 observed active listings
In Cedar Rapids, IA, the salary for a Bank Teller averages around $32,225, influenced by a limited number of open positions and a compressed wage distribution. The market is somewhat saturated, with only three open roles and a significant concentration of positions at the lower end of the pay scale. This reflects the local economy's reliance on established banks like Wells Fargo and Hills Bank, which have a steady but modest demand for entry-level roles. The high number of positions at $20,000 indicates that many employers are hiring for basic skills, while fewer positions at higher salaries suggest limited opportunities for advancement without additional qualifications.
Salary Distribution
Key Insights
- The wide salary range from $20,000 to $140,000 highlights a significant disparity in job responsibilities and experience levels among bank tellers, with most roles clustering around the lower end of the spectrum.
- The concentration of positions at the 10th and 25th percentiles ($20,000) suggests that many employers are prioritizing entry-level candidates, which may suppress overall wage growth in the region.
- With only three open positions, the job market for bank tellers in Cedar Rapids is tight, indicating that there may be more candidates than available roles, leading to increased competition for the limited high-paying opportunities.
- The absence of positions beyond $100,000 underscores the limited career progression in this role within the region, which may deter more experienced professionals from applying or accepting offers.
- The presence of major local employers like Wells Fargo and Hills Bank creates a degree of stability in the job market but also reinforces the lower wage structure due to their established hiring practices and pay scales.
Current Bank Teller Jobs in Cedar Rapids
-
Wells Fargo · Cedar Rapids, Linn County$84,362 – $84,362
-
Wells Fargo · Indian Creek, Linn County$68,773 – $68,773
-
Hills Bank · Cedar Rapids, Linn County$35,360 – $35,360
Frequently Asked Questions
What is the average Bank Teller salary in Cedar Rapids, IA?
The average Bank Teller salary in Cedar Rapids, IA is $32,225 per year, with a range from $20,000 to $140,000.
How many Bank Teller jobs are available in Cedar Rapids?
There are currently 3 open Bank Teller positions in Cedar Rapids, IA.
What factors affect Bank Teller salaries in Cedar Rapids?
Bank Teller salaries in Cedar Rapids vary based on experience level, company size, industry sector, certifications, and demand. Cost of living in Cedar Rapids also plays a significant role in compensation levels.
Related Reading
Explore more about this market on the Jobs Jobs Jobs Research Blog:
- Finance and Banking Hiring: Navigating Compliance, Competition, and the AI Revolution
- Comprehensive Salary Guide for Data Analysts in San Francisco: 2023 Insights
- Streamlining Your Hiring Process: A Comprehensive Guide Leveraging Technology
- Streamlining the Hiring Process with AI: Transforming Recruitment for All Industries
Career Intelligence — Bank Teller in Cedar Rapids
Dig deeper: purchasing power, market demand, career growth potential, and the skills that move salaries at each level.
Sign up for free to save jobs, manage your search, and use the Jobs Jobs Jobs Research app.
Sign Up for Free →