Average Bill and Account Collectors Salary in Buffalo-Cheektowaga, NY
In Buffalo-Cheektowaga, NY, Bill and Account Collectors earn an average annual salary of $44,330. This figure is slightly below the national average of $48,000, a common occurrence in regions with a cost of living that aligns precisely with the national benchmark. Local economic factors and industry demand within the Buffalo-Cheektowaga metropolitan area contribute to this specific compensation level.
Executive Summary
- Average Salary: $44,330 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,270.
- Outlook: The Buffalo-Cheektowaga area demonstrates a significant concentration of Bill and Account Collectors, with a Location Quotient of 3.9, indicating a workforce approximately 3.9 times more concentrated than the national average. This robust presence, supported by a local workforce of 2,220 in this role, suggests a stable and potentially growing demand for these professionals within the region.
Salary Overview
The average Bill and Account Collectors in Buffalo-Cheektowaga, NY earns-7.6%below the national average.
$21.3
$853
$3,694
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 Buffalo-Cheektowaga have experienced growth over the past four years, mirroring general economic trends and inflation. Increases in the cost of doing business and evolving collection strategies likely contribute to upward pressure on compensation, even if the rate of growth varies.
Bill and Account Collectors Salary Distribution in Buffalo-Cheektowaga, NY
Salary progression for Bill and Account Collectors typically scales with experience. Entry-level positions will likely fall at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record in complex debt recovery can command significantly higher salaries. The percentile gaps in salary distribution reflect these 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) | $35,610 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,248 | $16 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,200 | $18.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,413 | $26.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,270 | $28.5 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$44,330
Gross Pay
Real Wage (Purchasing Power)
$44,330
Adjusted for COL (100)
The nominal average annual salary of $44,330 in Buffalo-Cheektowaga, NY, is directly comparable to the national average cost of living, which is indexed at 100. This means that the purchasing power of a Bill and Account Collector's salary in this region is effectively on par with the national median, offering a stable financial standing relative to the rest of the country.
Job Market Context
2,220
Total Jobs
4.177
Per 1K Jobs
3.9
Location Quotient
Buffalo-Cheektowaga, NY has 3.9x the national concentration of Bill and Account Collectors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 3.9, Buffalo-Cheektowaga exhibits a highly concentrated market for Bill and Account Collectors. This suggests that the demand for these professionals is significantly higher relative to the national average, potentially leading to a more competitive job market for employers seeking talent, while also offering ample opportunities for individuals in this field.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Rochester, NY Bill and Account Collectors Salary | $47,570↑ 7% | 65 mi |
| Erie, PA Bill and Account Collectors Salary | $43,700↓ 1% | 83 mi |
Comparing salaries near Buffalo-Cheektowaga, NY
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Buffalo-Cheektowaga, NY?
The median annual salary for a Bill and Account Collectors in Buffalo-Cheektowaga, NY is $44,330. This typically ranges from $35,610 for entry-level positions to $59,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Buffalo-Cheektowaga, NY is 7.6% lower than the national median of $48,000.
Is Buffalo-Cheektowaga, NY a lucrative place for Bill and Account Collectors?
No, but it offers stability.While the average salary of $44,330 is below the national average, the cost of living is also at the national average, meaning your earnings hold standard purchasing power. The high concentration of these roles suggests job availability.
Is Buffalo-Cheektowaga, NY a good place to live for Bill and Account Collectors?
The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Buffalo-Cheektowaga, NY?
Some top paying nearby cities include Rochester, NY ($47,570) and Erie, PA.
How does the Buffalo-Cheektowaga salary compare to the national average?
The average annual salary for Bill and Account Collectors in Buffalo-Cheektowaga is $44,330, which is approximately $3,670 less than the national average of $48,000.
What is the significance of the Location Quotient (LQ) for this role in Buffalo?
A Location Quotient of 3.9 signifies that Bill and Account Collector jobs are 3.9 times more concentrated in Buffalo-Cheektowaga than the national average, indicating a strong regional presence and demand for this profession.
How does the cost of living in Buffalo-Cheektowaga affect the salary?
With a Cost of Living Index of 100, Buffalo-Cheektowaga is at the national average. This means the $44,330 salary provides purchasing power equivalent to the national median, making the slightly lower nominal salary more palatable.
What does the total local workforce number imply?
A total local workforce of 2,220 Bill and Account Collectors suggests a substantial and established presence of this occupation within the Buffalo-Cheektowaga metropolitan area, contributing to the high concentration observed.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,220 employees in the Buffalo-Cheektowaga, NY area with a job density of 4.177 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 Buffalo-Cheektowaga, NY