Average Bill and Account Collectors Salary in Albany-Schenectady-Troy, NY
Bill and Account Collectors in Albany-Schenectady-Troy, NY, earn an average annual salary of $51,680, surpassing the national average of $48,000. This localized premium is often influenced by regional economic factors and the specific demand within the metropolitan area for these essential financial roles.
Executive Summary
- Average Salary: $51,680 per year.
- Growth Trend: Salaries have shifted 9.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,640.
- Outlook: With a total local workforce of 290 Bill and Account Collectors, the Albany-Schenectady-Troy area demonstrates a stable, albeit not exceptionally concentrated, presence of this profession. The Location Quotient of 0.61 suggests that while the role is present, it is slightly less concentrated than the national average, indicating a moderate but consistent demand.
Salary Overview
The average Bill and Account Collectors in Albany-Schenectady-Troy, NY earns+7.7%above the national average.
$24.9
$994
$4,307
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for this role in Albany is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic trends. Factors such as inflation, increased regulatory compliance, and evolving collection strategies likely contribute to upward pressure on compensation for skilled Bill and Account Collectors.
Bill and Account Collectors Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Bill and Account Collectors typically involves a significant salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with proven track records in complex debt recovery or specialized industries can command substantially higher salaries, often reflected in the upper percentiles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,260 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,760 | $18.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,850 | $22.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,600 | $31.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $73,640 | $35.4 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$51,680
Gross Pay
Real Wage (Purchasing Power)
$51,680
Adjusted for COL (100)
The average annual salary of $51,680 in Albany-Schenectady-Troy aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Bill and Account Collector's salary in this region is comparable to the national standard, offering a stable financial footing without significant cost-of-living adjustments.
Job Market Context
290
Total Jobs
0.654
Per 1K Jobs
0.61
Location Quotient
Albany-Schenectady-Troy, NY has 0.61x 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.
The Location Quotient of 0.61 indicates that Bill and Account Collector roles are less concentrated in Albany-Schenectady-Troy compared to the national average. This suggests that while the job market is not oversaturated, there may be fewer opportunities relative to the overall workforce, requiring a focused approach for job seekers.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Bill and Account Collectors Salary | $51,800↑ 0% | 31 mi |
| Glens Falls, NY Bill and Account Collectors Salary | $44,720↓ 13% | 45 mi |
| Kingston, NY Bill and Account Collectors Salary | $56,860↑ 10% | 52 mi |
| Southwest New York nonmetropolitan area Bill and Account Collectors Salary | $47,950↓ 7% | 68 mi |
| Central East New York nonmetropolitan area Bill and Account Collectors Salary | $52,920↑ 2% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Albany-Schenectady-Troy, NY?
The median annual salary for a Bill and Account Collectors in Albany-Schenectady-Troy, NY is $51,680. This typically ranges from $36,260 for entry-level positions to $73,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 7.7% higher than the national median of $48,000.
Is Albany-Schenectady-Troy, NY a lucrative place for Bill and Account Collectors?
Yes, moderately so.The average salary of $51,680 is higher than the national average, and the cost of living is on par with the national average, indicating good earning potential.
Is Albany-Schenectady-Troy, NY a good place to live for Bill and Account Collectors?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($51,800) and Glens Falls, NY.
How does the local salary compare to the national average?
Bill and Account Collectors in Albany-Schenectady-Troy earn approximately $3,680 more annually than the national average, with an average salary of $51,680 compared to $48,000.
What is the concentration of Bill and Account Collectors in this area?
The Location Quotient is 0.61, meaning this profession is less concentrated in Albany-Schenectady-Troy than the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local salary of $51,680 offers purchasing power equivalent to the national average, making it a stable financial environment.
What does the number of jobs per 1,000 workers signify?
There are 0.654 jobs per 1,000 workers for Bill and Account Collectors in this area, indicating a modest but present demand for the role within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.654 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 Albany-Schenectady-Troy, NY