Average Bill and Account Collectors Salary in Albuquerque, NM
In Albuquerque, NM, Bill and Account Collectors earn an average annual salary of $47,690. This figure is slightly below the national average of $48,000, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the Albuquerque market. While close to the national benchmark, subtle differences often reflect the cost of doing business and the competitive landscape for these essential financial roles.
Executive Summary
- Average Salary: $47,690 per year.
- Growth Trend: Salaries have shifted 25.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,990.
- Outlook: Albuquerque supports a modest workforce of 230 Bill and Account Collectors. With a Location Quotient of 0.54, the concentration of these roles is below the national average, suggesting a less saturated but potentially stable job market. The presence of 0.58 jobs per 1,000 workers indicates a consistent, albeit not overwhelming, demand for collection services within the local economy.
Salary Overview
The average Bill and Account Collectors in Albuquerque, NM earns-0.6%below the national average.
$22.9
$917
$3,974
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Albuquerque is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, evolving collection regulations, and increased demand for financial services typically drive modest annual increases in compensation for professionals in this field.
Bill and Account Collectors Salary Distribution in Albuquerque, NM
Career progression for Bill and Account Collectors in Albuquerque typically correlates with increased earnings. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience in negotiation, compliance, and debt recovery can command significantly higher salaries. The variance between entry-level and senior roles, often reflected in salary percentiles, highlights the substantial earning potential tied to accumulating expertise and a proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,250 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,768 | $17.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,440 | $22.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $59,613 | $28.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,990 | $28.8 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$47,690
Gross Pay
Real Wage (Purchasing Power)
$47,690
Adjusted for COL (100)
The average annual salary of $47,690 in Albuquerque aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Bill and Account Collector's salary in Albuquerque is equivalent to the national standard, offering no significant advantage or disadvantage in terms of affordability compared to the rest of the country.
Job Market Context
230
Total Jobs
0.58
Per 1K Jobs
0.54
Location Quotient
Albuquerque, NM has 0.54x 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 0.54 for Bill and Account Collectors in Albuquerque signifies that this profession is less concentrated than the national average. This suggests that while the demand exists, the market is not oversaturated, potentially offering a more stable employment environment for skilled collectors compared to regions with higher concentrations.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Bill and Account Collectors Salary | $47,650↓ 0% | 29 mi |
Comparing salaries near Albuquerque, NM
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Albuquerque, NM?
The median annual salary for a Bill and Account Collectors in Albuquerque, NM is $47,690. This typically ranges from $36,250 for entry-level positions to $59,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 0.6% lower than the national median of $48,000.
Is Albuquerque, NM a lucrative place for Bill and Account Collectors?
No, but it is on par with national averages.While the average salary of $47,690 is very close to the national average, it does not offer a significant lucrative advantage. The cost of living being exactly at the national average further reinforces that Albuquerque is a standard market for this profession.
Is Albuquerque, NM a good place to live for Bill and Account Collectors?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($47,650) and others.
How does experience affect a Bill and Account Collector's salary in Albuquerque?
Experience is a key driver of salary increases for Bill and Account Collectors. As professionals gain more expertise in areas like negotiation, legal compliance, and customer relations, their earning potential grows significantly, moving them up the salary scale.
What is the job outlook for Bill and Account Collectors in Albuquerque?
The job outlook appears stable, with a moderate number of jobs per 1,000 workers and a below-average concentration. This suggests consistent demand without excessive competition, providing a steady environment for employment.
Is the cost of living in Albuquerque high for Bill and Account Collectors?
No, the cost of living in Albuquerque is exactly at the national average (index of 100). This means that the $47,690 salary has the same purchasing power as the national average salary across the US.
How does Albuquerque's Bill and Account Collector market compare to national concentration?
Albuquerque's market is less concentrated than the national average, with a Location Quotient of 0.54. This indicates fewer Bill and Account Collectors relative to the overall workforce compared to the national benchmark.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Albuquerque, NM area with a job density of 0.58 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 Albuquerque, NM