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Average Bill and Account Collectors Salary in Alabama

Bill and Account Collectors in Alabama earn an average annual salary of $43,460. This figure is slightly below the national average of $48,000, a common trend in states with a lower cost of living. Local economic factors and the demand for these specific financial services within Alabama significantly influence this compensation.

Executive Summary

  • Average Salary: $43,460 per year.
  • Growth Trend: Salaries have shifted 27.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $64,180.
  • Outlook: With a local workforce of 2,130 Bill and Account Collectors, Alabama presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.95 indicates that the concentration of these roles in Alabama is nearly on par with the national average, suggesting a steady demand that aligns with the state's overall economic activity.
2024 Market Data

Salary Overview

$43,460

The average Bill and Account Collectors in Alabama earns-9.5%below the national average.

BreakdownBased on 40h/week
Hourly

$20.9

Weekly

$836

Monthly

$3,622

Bill and Account Collectors Salary Distribution in Alabama

Career progression for Bill and Account Collectors typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the gap between starting salaries and those earned by seasoned professionals, often handling more complex accounts or supervisory roles, signifies substantial earning potential and career advancement within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$30,080$14.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$32,595$15.7
ManagerOversees team, compliance, and project delivery.50% (Median)$40,020$19.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$54,325$26.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$64,180$30.9

Detailed Bill and Account Collectors Market Analysis

Relocation Context

Nominal Salary

$43,460

Gross Pay

Real Wage (Purchasing Power)

$49,330

Adjusted for COL (88.1)

The average annual salary of $43,460 in Alabama is considerably advantageous when viewed against the state's Cost of Living Index of 88.1. This index, being below the national average of 100, means that the purchasing power of an Alabama-based collector's salary extends further, making the nominal income more impactful in terms of real-world expenses.

Job Market Context

2,130

Total Jobs

1.017

Per 1K Jobs

0.95

Location Quotient

Below Average

Alabama has 0.95x the national average concentration of Bill and Account Collectors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.95 for Bill and Account Collectors in Alabama suggests a job market that closely mirrors the national distribution of this profession. This indicates a balanced level of competition and opportunity, where the number of collectors is neither excessively high nor unusually low compared to the national workforce, implying a consistent and predictable job landscape.

Nearby Job Markets

Nearby Cities for Bill and Account Collectors

CitySalaryDist.
Montgomery, AL Bill and Account Collectors Salary$42,290↓ 3%44 mi
Birmingham, AL Bill and Account Collectors Salary$44,620↑ 3%50 mi
Tuscaloosa, AL Bill and Account Collectors Salary$42,940↓ 1%52 mi
Auburn-Opelika, AL Bill and Account Collectors Salary$43,240↓ 1%77 mi

Comparing salaries near Alabama

Hiring Bill and Account Collectorss?

Frequently Asked Questions

How much does a Bill and Account Collectors make in Alabama?

The median annual salary for a Bill and Account Collectors in Alabama is $43,460. This typically ranges from $30,080 for entry-level positions to $64,180 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Alabama is 9.5% lower than the national median of $48,000.

Is Alabama a lucrative place for Bill and Account Collectorss?

No, not exceptionally lucrative compared to the national average.While the average salary of $43,460 is slightly lower than the national average, the lower cost of living in Alabama means the purchasing power of this salary is relatively strong. However, for maximum earning potential, other states may offer higher nominal wages.

Is Alabama a good place to live for Bill and Account Collectors?

With a Cost of Living Index of 88.1 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Alabama?

Some top paying nearby cities include Montgomery, AL ($42,290) and Birmingham, AL.

What is the average salary for a Bill and Account Collector in Alabama?

The average annual salary for a Bill and Account Collector in Alabama is $43,460.

How does Alabama's average salary compare to the national average?

Alabama's average salary of $43,460 is below the national average of $48,000 for Bill and Account Collectors.

Is the job market for Bill and Account Collectors concentrated in Alabama?

The job market is not significantly concentrated, with a Location Quotient of 0.95, indicating it's very close to the national average concentration.

How does the cost of living affect the salary in Alabama?

Alabama's cost of living index of 88.1 is lower than the national average, meaning the $43,460 salary offers good purchasing power locally.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,130 employees in the Alabama area with a job density of 1.017 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Alabama