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How Costco cashiers can earn more than Iowa teachers

USA TODAY logo USA TODAY 9/8/2017 Kevin Hardy

Costco cashiers in Iowa can earn more than $56,000 a year — about $10,000 more than the state's average wage. 

Employees at a Costco Wholesale store to open in summer 2018 in Davenport, Iowa, could earn more than $51,000 a year, KWQC-TV, Davenport, reported. Those workers also would be eligible for $5,000 in annual bonuses after working at least 1,000 hours, about a half year at 40 hours a week.

The company's pay scale is constant across Iowa, a Costco official said. The chain's starting wage is $13 an hour, and hourly employees receive regular increases based on the number of hours worked.

Across the U.S., Costco's average wage is about $22 per hour, the official said. That figure includes twice-annual bonus checks for longer tenured employees.

For a full-time worker, that would put Costco's average pay firmly above the $42,456 minimum pay for teachers at Des Moines Public Schools, according to the district's salary schedule posted online. And the $51,000 annual salary of more tenured Costco cashiers is about $2,000 shy of the annual median wage for all Iowa teachers, which the federal Bureau of Labor Statistics calculates at $53,030.

Costco's salary figures were released as part of an ongoing debate about the brand's newest location. Some neighbors in Davenport have objected to the placement of the budget wholesaler citing concerns with stormwater runoff and traffic, according to the (Davenport, Iowa) Quad City Times

► Aug. 18: Are you making what you should be at your job?

In Iowa, the median wage for cashiers is $9.22 per hour, according to the Bureau of Labor Statistics. Retail sales workers earn a median wage of $10.46 an hour.

Across all industries in Iowa, workers earn an average annual salary of $43,540, the bureau reports. 

Related video: America faces growing teacher shortage (provided by CNBC)




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