Average Bill and Account Collectors Salary in Birmingham, AL
Bill and Account Collectors in Birmingham, AL, earn an average annual salary of $44,620. This figure is slightly below the national average of $48,000, a common occurrence in markets where local economic factors and industry demand influence compensation structures. Understanding these local dynamics is crucial for assessing earning potential.
Executive Summary
- Average Salary: $44,620 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,180.
- Outlook: With a total local workforce of 550 Bill and Account Collectors, Birmingham presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.99 indicates that the concentration of these roles in Birmingham is nearly on par with the national average, suggesting a steady demand that aligns with the general economic landscape rather than a specialized boom.
Salary Overview
The average Bill and Account Collectors in Birmingham, AL earns-7.0%below the national average.
$21.5
$858
$3,718
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Birmingham's Bill and Account Collectors is not provided, it is reasonable to assume that, mirroring national trends, salaries in this sector have experienced gradual growth over the past four years. Economic shifts and evolving collection practices typically drive modest annual increases in compensation for dedicated professionals.
Bill and Account Collectors Salary Distribution in Birmingham, AL
Career progression for Bill and Account Collectors typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with proven track records in complex debt recovery or specialized accounts can command salaries substantially higher than the average. These percentile gaps clearly signify the value of accumulated expertise and seniority.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,600 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,465 | $16.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $40,380 | $19.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,775 | $26.8 |
| 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
$44,620
Gross Pay
Real Wage (Purchasing Power)
$44,620
Adjusted for COL (100)
The nominal average salary of $44,620 in Birmingham, AL, is well-supported by the local Cost of Living Index, which stands at 100, precisely matching the national average. This means that the purchasing power of a Bill and Account Collector's salary in Birmingham is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
550
Total Jobs
1.059
Per 1K Jobs
0.99
Location Quotient
Birmingham, AL has 0.99x 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 0.99 for Bill and Account Collectors in Birmingham suggests a job market that is closely aligned with national employment patterns for this role. This indicates a healthy, competitive environment where the number of available positions is proportionate to the national distribution, without being overly saturated or scarce.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Tuscaloosa, AL Bill and Account Collectors Salary | $42,940↓ 4% | 47 mi |
| Northeast Alabama nonmetropolitan area Bill and Account Collectors Salary | $45,260↑ 1% | 50 mi |
| Southeast Alabama nonmetropolitan area Bill and Account Collectors Salary | $32,830↓ 26% | 50 mi |
Comparing salaries near Birmingham, AL
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Birmingham, AL?
The median annual salary for a Bill and Account Collectors in Birmingham, AL is $44,620. This typically ranges from $34,600 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 Birmingham, AL is 7.0% lower than the national median of $48,000.
Is Birmingham, AL a lucrative place for Bill and Account Collectors?
No, not significantly more lucrative than the national average.While the cost of living is average, the nominal salary of $44,620 is below the national average of $48,000, indicating a standard rather than exceptional earning potential.
Is Birmingham, AL a good place to live for Bill and Account Collectors?
The Cost of Living Index in Birmingham, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Birmingham, AL?
Some top paying nearby cities include Tuscaloosa, AL ($42,940) and Northeast Alabama nonmetropolitan area.
How does Birmingham's job market compare to the national average for Bill and Account Collectors?
Birmingham's job market for Bill and Account Collectors is very close to the national average, with a Location Quotient of 0.99, indicating a similar concentration of these jobs relative to the overall workforce.
What is the purchasing power of a Bill and Account Collector's salary in Birmingham?
With a Cost of Living Index of 100, the purchasing power of the $44,620 average salary in Birmingham is equivalent to the national average, meaning your money goes just as far as it would nationwide.
How many Bill and Account Collectors are there in Birmingham, AL?
There are approximately 550 Bill and Account Collectors employed in the Birmingham, AL area.
Does experience significantly impact salary for Bill and Account Collectors in Birmingham?
Yes, like most professions, experience plays a crucial role. Senior Bill and Account Collectors typically earn considerably more than entry-level collectors, reflecting their specialized skills and proven effectiveness.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Birmingham, AL area with a job density of 1.059 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 Birmingham, AL