Average Bill and Account Collectors Salary in Akron, OH
In Akron, OH, Bill and Account Collectors earn an average annual salary of $42,280. This figure is notably below the national average of $48,000, suggesting that local economic factors and demand dynamics play a significant role in compensation within this sector in the region.
Executive Summary
- Average Salary: $42,280 per year.
- Growth Trend: Salaries have shifted 11.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,880.
- Outlook: Akron's market for Bill and Account Collectors shows a moderate concentration, with a Location Quotient of 1.55 indicating a presence above the national average. The total local workforce of 530 individuals, coupled with 1.654 jobs per 1,000 workers, suggests a stable, albeit not rapidly expanding, demand for these professionals in the area.
Salary Overview
The average Bill and Account Collectors in Akron, OH earns-11.9%below the national average.
$20.3
$813
$3,523
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Akron's Bill and Account Collector salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic shifts and evolving collection strategies likely contribute to gradual salary growth, though local market conditions may moderate the pace of this increase.
Bill and Account Collectors Salary Distribution in Akron, OH
Salary progression for Bill and Account Collectors in Akron typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with proven track records in debt recovery and client management can command significantly higher salaries, reflecting the value of their expertise and the percentile gaps in earnings.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,870 | $15.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,710 | $15.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,980 | $18.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $52,850 | $25.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $56,880 | $27.3 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$42,280
Gross Pay
Real Wage (Purchasing Power)
$42,280
Adjusted for COL (100)
The average annual salary of $42,280 in Akron aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income in Akron is comparable to the national average, making the effective financial standing relatively balanced.
Job Market Context
530
Total Jobs
1.654
Per 1K Jobs
1.55
Location Quotient
Akron, OH has 1.6x the national concentration of Bill and Account Collectors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.55, Akron demonstrates a higher concentration of Bill and Account Collector roles than the national average. This suggests that the job market in Akron is more robust for this profession relative to other occupations, potentially offering more opportunities and a slightly more competitive environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Bill and Account Collectors Salary | $40,200↓ 5% | 20 mi |
| Cleveland, OH Bill and Account Collectors Salary | $43,510↑ 3% | 29 mi |
| Youngstown-Warren, OH Bill and Account Collectors Salary | $46,040↑ 9% | 46 mi |
| Mansfield, OH Bill and Account Collectors Salary | $37,510↓ 11% | 57 mi |
| Sandusky, OH Bill and Account Collectors Salary | $46,090↑ 9% | 66 mi |
Comparing salaries near Akron, OH
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Akron, OH?
The median annual salary for a Bill and Account Collectors in Akron, OH is $42,280. This typically ranges from $31,870 for entry-level positions to $56,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 11.9% lower than the national median of $48,000.
Is Akron, OH a lucrative place for Bill and Account Collectors?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary of $42,280 is significantly lower than the national average of $48,000, indicating less lucrative compensation in this specific role.
Is Akron, OH a good place to live for Bill and Account Collectors?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($40,200) and Cleveland, OH.
How does Akron's cost of living compare to the national average?
Akron, OH has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services in Akron is neither significantly higher nor lower than the typical U.S. city.
What is the concentration of Bill and Account Collectors in Akron?
The concentration, measured by the Location Quotient, is 1.55. This indicates that Bill and Account Collectors are 55% more concentrated in Akron than the national average, suggesting a stronger local presence of this profession.
How many Bill and Account Collectors are there in Akron?
There are approximately 530 Bill and Account Collectors employed in Akron, OH, representing 1.654 jobs per 1,000 workers in the local workforce.
Should I consider relocating to Akron for a Bill and Account Collector job?
Relocation depends on your priorities. While the cost of living is average, the salary is below the national average. If you seek a stable market with average living expenses, it might be suitable, but for higher earning potential, other locations might be more attractive.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the Akron, OH area with a job density of 1.654 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Akron, OH