Average Bill and Account Collectors Salary in Central North Carolina nonmetropolitan area
In Central North Carolina's nonmetropolitan areas, Bill and Account Collectors earn an average annual salary of $41,720. This figure is notably below the national average of $48,000, reflecting regional economic factors and a potentially smaller market demand. The specific pay scale in this region is influenced by the local economic landscape and the concentration of industries requiring these specialized financial services.
Executive Summary
- Average Salary: $41,720 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,960.
- Outlook: The job market for Bill and Account Collectors in this Central North Carolina nonmetropolitan area appears moderately concentrated, with a Location Quotient of 1.54 indicating a presence above the national average. While the total local workforce of 390 is not substantial, the higher concentration suggests a consistent, albeit niche, demand for these professionals within the region's economic structure.
Salary Overview
The average Bill and Account Collectors in Central North Carolina nonmetropolitan area earns-13.1%below the national average.
$20.1
$802
$3,477
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data for this niche role in Central North Carolina's nonmetropolitan areas is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic recovery and inflation. This growth would likely be influenced by evolving collection practices, regulatory changes, and the overall health of the regional economy.
Bill and Account Collectors Salary Distribution in Central North Carolina nonmetropolitan area
Career progression for Bill and Account Collectors typically involves a significant salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and proven track records in debt recovery and account management can command salaries well above the average. The percentile gaps in salary distribution clearly signify these opportunities for career advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $25,370 | $12.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,290 | $15 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,960 | $22.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $52,150 | $25.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,960 | $22.6 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$41,720
Gross Pay
Real Wage (Purchasing Power)
$41,720
Adjusted for COL (100)
The nominal average salary of $41,720 in Central North Carolina's nonmetropolitan areas aligns precisely with the national average cost of living (Index 100). This means that while the take-home pay is lower than the national average for this role, the purchasing power of that salary is effectively equivalent to the national standard, offering a stable financial foundation for residents.
Job Market Context
390
Total Jobs
1.652
Per 1K Jobs
1.54
Location Quotient
Central North Carolina nonmetropolitan area has 1.5x 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 1.54, Bill and Account Collector roles are more concentrated in this Central North Carolina nonmetropolitan area than the national average. This suggests a relatively robust demand for these services compared to other professions within the region, potentially offering more job opportunities for qualified candidates than might be initially apparent from the total workforce size alone.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Bill and Account Collectors Salary | $52,390↑ 26% | 32 mi |
| Burlington, NC Bill and Account Collectors Salary | $36,960↓ 11% | 36 mi |
| Winston-Salem, NC Bill and Account Collectors Salary | $46,260↑ 11% | 41 mi |
| Durham-Chapel Hill, NC Bill and Account Collectors Salary | $45,850↑ 10% | 56 mi |
Comparing salaries near Central North Carolina nonmetropolitan area
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Central North Carolina nonmetropolitan area?
The median annual salary for a Bill and Account Collectors in Central North Carolina nonmetropolitan area is $41,720. This typically ranges from $25,370 for entry-level positions to $46,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central North Carolina nonmetropolitan area is 13.1% lower than the national median of $48,000.
Is Central North Carolina nonmetropolitan area a lucrative place for Bill and Account Collectors?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary of $41,720 is significantly lower than the national average of $48,000 for Bill and Account Collectors.
Is Central North Carolina nonmetropolitan area a good place to live for Bill and Account Collectors?
The Cost of Living Index in Central North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($52,390) and Burlington, NC.
How does the cost of living affect the salary for Bill and Account Collectors in this region?
The cost of living index is 100, which is the national average. This means that the $41,720 salary has the same purchasing power as the national average salary, despite being lower than the national average for the role.
What does a Location Quotient of 1.54 mean for job availability?
A Location Quotient of 1.54 indicates that Bill and Account Collector jobs are 54% more concentrated in this area than the national average. This suggests a relatively stronger local demand for these professionals.
How does the total workforce size impact the job market?
The total local workforce of 390 for Bill and Account Collectors is relatively small. While the concentration (LQ) is higher than average, the absolute number of positions might still be limited compared to larger metropolitan areas.
Can experienced Bill and Account Collectors expect higher salaries in this region?
Yes, as with most professions, experience typically leads to higher salaries. Senior collectors with specialized skills or a proven track record in debt recovery can command compensation above the stated average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Central North Carolina nonmetropolitan area area with a job density of 1.652 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 Central North Carolina nonmetropolitan area