Average Bill and Account Collectors Salary in Boston-Cambridge-Newton, MA-NH
Bill and Account Collectors in the Boston-Cambridge-Newton, MA-NH area earn an average annual salary of $56,330, significantly exceeding the national average of $48,000. This higher compensation is largely influenced by the region's robust economic activity and the specialized financial services sector that often requires skilled collection professionals.
Executive Summary
- Average Salary: $56,330 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $77,630.
- Outlook: With a local workforce of 2,040 Bill and Account Collectors, the Boston-Cambridge-Newton area presents a stable job market. The Location Quotient of 0.71 suggests a slightly lower concentration of these roles compared to the national average, indicating a balanced demand that doesn't oversaturate the market, offering steady opportunities for qualified individuals.
Salary Overview
The average Bill and Account Collectors in Boston-Cambridge-Newton, MA-NH earns+17.4%above the national average.
$27.1
$1,083
$4,694
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for Bill and Account Collectors in Boston is not provided, it is generally assumed that salaries in this field have seen consistent growth over the past four years, mirroring broader economic trends and inflation adjustments. This upward trajectory is typical for roles requiring specialized skills and regulatory compliance.
Bill and Account Collectors Salary Distribution in Boston-Cambridge-Newton, MA-NH
The salary range for Bill and Account Collectors typically expands with experience. Entry-level positions may start closer to the lower end of the spectrum, while seasoned professionals with proven track records in complex debt recovery or specialized industries can command significantly higher salaries. The percentile gaps in earnings clearly signify career progression and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,470 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,248 | $20.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,890 | $24.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $70,413 | $33.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $77,630 | $37.3 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$56,330
Gross Pay
Real Wage (Purchasing Power)
$56,330
Adjusted for COL (100)
The average annual salary of $56,330 in Boston-Cambridge-Newton, MA-NH aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is higher than the national average, the purchasing power of this income is comparable to the national standard, offering a stable financial footing for residents.
Job Market Context
2,040
Total Jobs
0.755
Per 1K Jobs
0.71
Location Quotient
Boston-Cambridge-Newton, MA-NH has 0.71x 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 0.71 indicates that Bill and Account Collectors are slightly less concentrated in the Boston-Cambridge-Newton, MA-NH area than the national average. This suggests that while the profession is present, it is not a dominant industry, potentially leading to a competitive job market where employers seek experienced and efficient candidates.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Bill and Account Collectors Salary | $53,760↓ 5% | 37 mi |
| Providence-Warwick, RI-MA Bill and Account Collectors Salary | $56,710↑ 1% | 38 mi |
| Manchester-Nashua, NH Bill and Account Collectors Salary | $48,650↓ 14% | 50 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Bill and Account Collectors in Boston-Cambridge-Newton, MA-NH is $56,330. This typically ranges from $38,470 for entry-level positions to $77,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 17.4% higher than the national median of $48,000.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Bill and Account Collectors?
Yes, it offers above-average earnings.Bill and Account Collectors in this region earn approximately $8,330 more annually than the national average. This higher pay is balanced by a cost of living that matches the national average, making it a financially sound location.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Bill and Account Collectors?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Worcester, MA ($53,760) and Providence-Warwick, RI-MA.
How does the local workforce size impact job availability?
The local workforce of 2,040 suggests a substantial pool of professionals, indicating established demand within the region's financial and service sectors.
What does a Location Quotient of 0.71 mean for job seekers?
A Location Quotient below 1.0 implies fewer Bill and Account Collector jobs per worker compared to the national average, suggesting a moderately competitive market.
How does Boston's cost of living compare nationally?
Boston-Cambridge-Newton, MA-NH has a Cost of Living Index of 100, meaning it is exactly in line with the national average, offering no premium or discount in purchasing power.
Are there many Bill and Account Collector jobs per capita in Boston?
With 0.755 jobs per 1,000 workers, the density of Bill and Account Collector roles is slightly below the national average, reinforcing the idea of a balanced but not oversaturated market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,040 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 0.755 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 Boston-Cambridge-Newton, MA-NH