Average Bill and Account Collectors Salary in Baltimore-Columbia-Towson, MD
Bill and Account Collectors in the Baltimore-Columbia-Towson, MD area earn an average annual salary of $50,740, which is notably higher than the national average of $48,000. This localized pay premium is often influenced by the specific economic conditions and demand within the region, reflecting the unique market dynamics at play.
Executive Summary
- Average Salary: $50,740 per year.
- Growth Trend: Salaries have shifted 16.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,980.
- Outlook: With a total local workforce of 1,700 Bill and Account Collectors, the Baltimore-Columbia-Towson area demonstrates a significant presence in this sector. The Location Quotient of 1.19 indicates a concentration of these roles that is 19% higher than the national average, suggesting a robust and potentially growing job market for this profession within the region.
Salary Overview
The average Bill and Account Collectors in Baltimore-Columbia-Towson, MD earns+5.7%above the national average.
$24.4
$976
$4,228
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for roles like Bill and Account Collectors have seen consistent growth over the past four years, driven by inflation, evolving industry demands, and increased specialization. This upward trend is likely reflected in the Baltimore-Columbia-Towson market, contributing to the current average salary.
Bill and Account Collectors Salary Distribution in Baltimore-Columbia-Towson, MD
Salary progression for Bill and Account Collectors typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching into the upper percentiles. The gap between entry-level and senior roles highlights clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,790 | $18.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,055 | $18.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,190 | $24.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,425 | $30.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,980 | $29.3 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$50,740
Gross Pay
Real Wage (Purchasing Power)
$50,740
Adjusted for COL (100)
The average annual salary of $50,740 in Baltimore-Columbia-Towson, MD, 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 this area is equivalent to the national standard, offering a stable financial environment without the added pressure of a higher cost of living.
Job Market Context
1,700
Total Jobs
1.269
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Baltimore-Columbia-Towson, MD has a slightly higher-than-average concentration of Bill and Account Collectors roles compared to the national norm.
The Location Quotient of 1.19 for Bill and Account Collectors in Baltimore-Columbia-Towson, MD, signifies a favorable job market. A quotient above 1.0 indicates that this profession is more concentrated locally than the national average, suggesting higher demand and potentially more job opportunities relative to other areas. This concentration implies a competitive yet accessible market for skilled collectors.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Bill and Account Collectors Salary | $50,350↓ 1% | 19 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Bill and Account Collectors Salary | $57,910↑ 14% | 35 mi |
| York-Hanover, PA Bill and Account Collectors Salary | $48,820↓ 4% | 47 mi |
| Lancaster, PA Bill and Account Collectors Salary | $46,080↓ 9% | 55 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Bill and Account Collectors in Baltimore-Columbia-Towson, MD is $50,740. This typically ranges from $38,790 for entry-level positions to $60,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 5.7% higher than the national median of $48,000.
Is Baltimore-Columbia-Towson, MD a lucrative place for Bill and Account Collectors?
Yes, it offers a slight advantage.The average salary of $50,740 is above the national average, and the cost of living is on par, indicating good earning potential. Furthermore, the higher-than-average concentration of these roles suggests strong local demand.
Is Baltimore-Columbia-Towson, MD a good place to live for Bill and Account Collectors?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($50,350) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Baltimore-Columbia-Towson salary compare to the national average?
The average salary for Bill and Account Collectors in Baltimore-Columbia-Towson, MD is $50,740, which is $2,740 higher than the national average of $48,000.
What is the significance of the Location Quotient (LQ) of 1.19?
An LQ of 1.19 means that Bill and Account Collectors are 19% more concentrated in the Baltimore-Columbia-Towson area compared to the national average, indicating a stronger presence and potentially higher demand for these roles locally.
Does the cost of living affect the salary in Baltimore-Columbia-Towson, MD?
No, the cost of living in Baltimore-Columbia-Towson, MD is exactly at the national average (100). This means the higher nominal salary of $50,740 translates directly to equivalent purchasing power compared to the national average.
How many Bill and Account Collectors work in the Baltimore-Columbia-Towson area?
There are approximately 1,700 Bill and Account Collectors employed within the Baltimore-Columbia-Towson, MD metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,700 employees in the Baltimore-Columbia-Towson, MD area with a job density of 1.269 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 Baltimore-Columbia-Towson, MD