Average Bill and Account Collectors Salary in Arkansas
Bill and Account Collectors in Arkansas earn an average annual salary of $37,130, which is notably below the national average of $48,000. This disparity is often influenced by the prevailing economic conditions and the overall demand for specialized financial services roles within the state's unique labor market.
Executive Summary
- Average Salary: $37,130 per year.
- Growth Trend: Salaries have shifted 11.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $49,440.
- Outlook: The Bill and Account Collector job market in Arkansas, with a total workforce of 880 individuals, presents a moderate employment landscape. The location quotient of 0.64 suggests a slightly lower concentration of these roles compared to the national average, indicating a stable but not rapidly expanding demand for this profession within the state.
Salary Overview
The average Bill and Account Collectors in Arkansas earns-22.6%below the national average.
$17.9
$714
$3,094
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Arkansas Bill and Account Collectors is not provided, it's generally observed that salaries in most professional fields, including this one, have experienced incremental growth over the past four years. This trend is typically driven by inflation, evolving industry standards, and a persistent need for skilled professionals to manage accounts receivable.
Bill and Account Collectors Salary Distribution in Arkansas
Career progression for Bill and Account Collectors in Arkansas typically involves a salary increase tied to experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience in collections strategies and compliance can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $24,340 | $11.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,848 | $13.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $36,510 | $17.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $46,413 | $22.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $49,440 | $23.8 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$37,130
Gross Pay
Real Wage (Purchasing Power)
$41,118
Adjusted for COL (90.3)
The average annual salary of $37,130 in Arkansas aligns favorably with its Cost of Living Index of 90.3, which is below the national average of 100. This suggests that while the nominal income is lower than the national average, the reduced cost of essential goods and services in Arkansas can potentially offer a comparable or even improved purchasing power for residents.
Job Market Context
880
Total Jobs
0.686
Per 1K Jobs
0.64
Location Quotient
Arkansas has 0.64x 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.
With a Location Quotient of 0.64, the market for Bill and Account Collectors in Arkansas is less concentrated than the national average. This indicates that while the profession is present, it is not a dominant sector within the state's economy, suggesting a competitive environment for job seekers but potentially fewer specialized opportunities compared to more populous or economically diverse regions.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Bill and Account Collectors Salary | $39,360↑ 6% | 17 mi |
| Hot Springs, AR Bill and Account Collectors Salary | $34,780↓ 6% | 51 mi |
Comparing salaries near Arkansas
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Arkansas?
The median annual salary for a Bill and Account Collectors in Arkansas is $37,130. This typically ranges from $24,340 for entry-level positions to $49,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Arkansas is 22.6% lower than the national median of $48,000.
Is Arkansas a lucrative place for Bill and Account Collectorss?
No, Arkansas is not a particularly lucrative place for Bill and Account Collectors.The average salary of $37,130 is significantly lower than the national average of $48,000, and the concentration of these jobs is also below the national average.
Is Arkansas a good place to live for Bill and Account Collectors?
With a Cost of Living Index of 90.3 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Arkansas?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($39,360) and Hot Springs, AR.
How does the Arkansas salary compare to the national average?
The average annual salary for Bill and Account Collectors in Arkansas is $37,130, which is substantially lower than the national average of $48,000.
What is the cost of living in Arkansas compared to the rest of the US?
Arkansas has a Cost of Living Index of 90.3, meaning it is approximately 9.7% cheaper to live in Arkansas than the national average.
How concentrated are Bill and Account Collector jobs in Arkansas?
The concentration of Bill and Account Collector jobs in Arkansas, indicated by a Location Quotient of 0.64, is lower than the national average, suggesting fewer specialized roles relative to the overall workforce.
What does the number of jobs per 1,000 workers signify for this role in Arkansas?
With 0.686 jobs per 1,000 workers, the rate of employment for Bill and Account Collectors in Arkansas is relatively modest, reflecting the overall demand for this specific occupation within the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 880 employees in the Arkansas area with a job density of 0.686 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 Arkansas