Average Bill and Account Collectors Salary in Bridgeport-Stamford-Danbury, CT
Bill and Account Collectors in the Bridgeport-Stamford-Danbury, CT area earn an average annual salary of $55,110, significantly surpassing the national average of $48,000. This elevated compensation is often driven by the region's economic landscape and the specific demands of its industries, which may require a more specialized or experienced workforce for these critical financial roles.
Executive Summary
- Average Salary: $55,110 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,650.
- Outlook: The local job market for Bill and Account Collectors in Bridgeport-Stamford-Danbury, CT, while not exceptionally concentrated with a Location Quotient of 0.55, supports a dedicated workforce of 240 individuals. This indicates a stable, albeit not rapidly expanding, demand for these professionals within the region, suggesting consistent employment opportunities for those in the field.
Salary Overview
The average Bill and Account Collectors in Bridgeport-Stamford-Danbury, CT earns+14.8%above the national average.
$26.5
$1,060
$4,593
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bill and Account Collectors in Bridgeport-Stamford-Danbury, CT, have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry needs typically contribute to a steady upward trajectory in compensation for skilled professionals in this sector.
Bill and Account Collectors Salary Distribution in Bridgeport-Stamford-Danbury, CT
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 and client management can command substantially higher salaries, reflecting their expertise and the value they bring to employers. The percentile gaps in salary data would signify this career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,780 | $16.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,333 | $19.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $54,750 | $26.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,888 | $33.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,650 | $36.9 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$55,110
Gross Pay
Real Wage (Purchasing Power)
$55,110
Adjusted for COL (100)
With an average annual salary of $55,110 and a Cost of Living Index at the national average of 100, Bill and Account Collectors in Bridgeport-Stamford-Danbury, CT, can expect their earnings to align closely with the general cost of goods and services in the area. This means their take-home pay should provide a comparable standard of living to that experienced by collectors in other average-cost regions across the nation.
Job Market Context
240
Total Jobs
0.59
Per 1K Jobs
0.55
Location Quotient
Bridgeport-Stamford-Danbury, CT has 0.55x 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 0.55 for Bill and Account Collectors in Bridgeport-Stamford-Danbury, CT, suggests that this profession is less concentrated in this metropolitan area compared to the national average. This could imply a more specialized demand or fewer dedicated roles relative to the overall workforce, potentially leading to a more competitive job market for new entrants but stable opportunities for established professionals.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| New Haven, CT Bill and Account Collectors Salary | $59,770↑ 8% | 16 mi |
| Waterbury-Shelton, CT Bill and Account Collectors Salary | $43,070↓ 22% | 27 mi |
| Hartford-West Hartford-East Hartford, CT Bill and Account Collectors Salary | $59,250↑ 8% | 48 mi |
| Kiryas Joel-Poughkeepsie-Newburgh, NY Bill and Account Collectors Salary | $51,890↓ 6% | 51 mi |
Comparing salaries near Bridgeport-Stamford-Danbury, CT
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Bridgeport-Stamford-Danbury, CT?
The median annual salary for a Bill and Account Collectors in Bridgeport-Stamford-Danbury, CT is $55,110. This typically ranges from $34,780 for entry-level positions to $76,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bridgeport-Stamford-Danbury, CT is 14.8% higher than the national median of $48,000.
Is Bridgeport-Stamford-Danbury, CT a lucrative place for Bill and Account Collectors?
Yes, it offers above-average compensation.Bill and Account Collectors in this region earn approximately 15% more than the national average. Coupled with a cost of living index at the national average, this indicates a favorable financial standing for these professionals.
Is Bridgeport-Stamford-Danbury, CT a good place to live for Bill and Account Collectors?
The Cost of Living Index in Bridgeport-Stamford-Danbury, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bridgeport-Stamford-Danbury, CT?
Some top paying nearby cities include New Haven, CT ($59,770) and Waterbury-Shelton, CT.
How does the local workforce size impact job availability?
A local workforce of 240 Bill and Account Collectors suggests a stable, established presence of these roles within the Bridgeport-Stamford-Danbury, CT area, indicating consistent, though not necessarily rapidly growing, job opportunities.
What does a Location Quotient of 0.55 mean for Bill and Account Collectors?
A Location Quotient of 0.55 indicates that Bill and Account Collectors are less concentrated in Bridgeport-Stamford-Danbury, CT, compared to the national average, suggesting a potentially more specialized or less saturated job market.
How does the cost of living in Bridgeport-Stamford-Danbury, CT affect salary perception?
With a Cost of Living Index of 100, the national average, the $55,110 salary in Bridgeport-Stamford-Danbury, CT, offers purchasing power equivalent to the national average, making the higher nominal salary directly translate to a comparable standard of living.
Are there many job openings for Bill and Account Collectors in this area?
While the total workforce is 240, the jobs per 1,000 workers metric of 0.59 provides a clearer picture of current demand relative to the broader employment landscape, suggesting moderate but steady opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Bridgeport-Stamford-Danbury, CT area with a job density of 0.59 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 Bridgeport-Stamford-Danbury, CT